Shares of Pfizer fell Wednesday after the drugmaker forecast 2024 revenue and profit below Wall Street's expectations, as it sees weak demand for its once-blockbuster Covid products. Pfizer also raised the target of its sweeping cost-cutting plan by $500 million, bringing the anticipated total to $4 billion.The company expects 2024...
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday.The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month, following a 0.4% decrease in October but less than the Dow...
A general view of the Washington Wizards logo on a court mop before the game between the Washington Wizards and the Chicago Bulls at Capital One Arena on October 21, 2022 in Washington, DC.Scott Taetsch | Getty ImagesThe NHL's Washington Capitals and NBA's Washington Wizards are slated to move...
Check out the companies making headlines in premarket trading. Tesla — Shares fell 1.2% after U.S. safety regulators said Tesla will recall more than 2 million vehicles to fix issues with its driver assistance system. The electric vehicle maker will send out a software update to fix the problem,...
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty ImagesHomeowners looking to refinance are finding savings after mortgage rates dropped again last week.The average contract interest rate for 30-year fixed-rate...
Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates.It will be too early to declare victory in the battle against...
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021.Hollie Adams | Bloomberg | Getty ImagesLONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for a third consecutive meeting on...
Starting a fintech business in today’s challenging albeit rapidly evolving digital environement is an enticing prospect. The industry has seen unprecedented growth, with innovative solutions addressing age-old financial problems and modern challenges alike. However, like any entrepreneurial venture, starting a fintech business is not without its set of challenges....