CFOTO | Future Publishing | Getty ImagesAs its Covid gains evaporate, Pfizer wants a chunk of the budding weight loss drug market. Analysts say upcoming data on Pfizer's experimental obesity pill, danuglipron, will be crucial in determining how competitive the company can be against the space's dominant players Eli Lilly...
A customer shops at a Costco store in San Francisco on Oct. 2, 2023.Justin Sullivan | Getty ImagesThe consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%,...
Mariner Wealth Advisors has announced a substantial acquisition that will provide it with enhanced streams for growth. The addition of Baystate Wealth Management, based in Boston, Massachusetts, adds $1.8 billion AUM but also expands Mariner’s capabilities in outsource investment management for financial advisors, one of Baystate’s key service provisions along...
As a new year approaches, people will once again commit to improve their lives and achieve new goals, but is there value for investors beyond the ‘New Year, New You’ bounce? Two recent reports suggest that people are investing more in themselves with improvements in their wellbeing and their skills,...
Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start. The central bank will start cutting rates in June 2024, then again in September and every meeting...
The US fiscal position is on an “unsustainable trajectory” due to a lack of political will to resolve the crisis at a time when debt costs are soaring, former Federal Reserve Bank of New York President Bill Dudley said. “The situation is going to get worse because the government’s debt...
Morgan Stanley’s strategists see US stocks and bonds outperforming their emerging markets peers next year, according to a note to clients. “We expect US earnings growth to trough in early 2024 and rebound thereafter,” strategists including Serena Tang and Vishwanath Tirupattur wrote. US growth may stay strong relative to other...
Emerging-market borrowers are piling back into global bond markets, selling about $20 billion in dollar notes in just a few days, all too aware that the window of opportunity may snap shut as suddenly as it opened. Countries from Colombia to Indonesia and developing-nation companies rushed to lock in lower...
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically been built around natural disasters such as hurricanes. But as...
In our latest interview, Fintech Review sits down with Andria Evripidou from XDA, a company innovating at the crossroads of payment solutions and cryptocurrency for the gaming world. Andria discusses the hurdles gaming companies face in securing banking services and how XDA offers a vital lifeline for these businesses....