Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesEli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug Mounjaro, but slashed its full-year profit guidance due to charges primarily related to...
Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It’s worth noting that today’s news comes as Revolut still doesn’t...
For millions of people, it's time to compare benefits and prices and pick health coverage on the Affordable Care Act health insurance marketplaces.Open enrollment on those plans started on Nov. 1 and typically lasts through Jan. 15, though that will be extended to Jan. 16 in 2024 due to...
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation.Anjali Sundaram | CNBCTarget CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.In an interview with CNBC's Becky Quick that aired Thursday morning, he emphasized that the retailer has posted...
The Biden administration has singled out annuities in the DOL’s proposed fiduciary rule, and the stakes are high for independent insurance agents. In the long-awaited proposal released Tuesday, the Department of Labor explained that financial professionals who make one-time recommendations for rollovers from 401(k) plans to annuities will not get...
Delta Airlines planes sit at Terminal 4 at John F. Kennedy Airport in New York City.Eric Thayer | Getty Images News | Getty ImagesDelta Air Lines is cutting some corporate jobs in an effort to reduce costs as the industry grapples with higher expenses such as for fuel and...
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.Michael Nagle | Bloomberg | Getty ImagesShares of Peloton plunged about 8% in premarket trading Thursday after the company reported a wider-than-expected quarterly...
The amount that can be saved for retirement in 401(k) plans and many other government schemes has been increased for 2024. The Internal Revenue Service has announced that contributions of up to $23,000 will be allowed next year, up from $22,500 in 2023. That applies to 401(k), 403(b), most 457...
Americans are living longer but the downside is that many will require assistance from family members, who may in turn face a financial burden. A new report from the TIAA Institute and the University of Pennsylvania School of Nursing reveals that one in five adults now provide care to loved...
Stocks rallied as investors reacted to the possible peak of the Federal Reserve’s historic tightening campaign and processed the latest major company earnings.Rates-sensitive real estate stocks led the advance in Europe’s Stoxx 600 index, which is set for its longest winning streak since July. US equity futures pointed to...