An MRI scan of an Alzheimer’s patient’s brain. GSO Images | Getty Images Medicare Part B will cover treatments for Alzheimer’s disease that receive U.S. Food and Drug Administration approval, according to the federal agency that administers the program for seniors. Anyone who has Medicare Part B and meets “eligibility […]
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Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading. related investing news 10 hours ago Here’s how the retailer did […]
CNN’s new COO hire underscores bond between CEO Chris Licht and WBD boss David Zaslav
Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN CNN CEO Chris Licht is about to get some help running his news network from a longtime close confidant of Warner Bros. Discovery chief executive officer David Zaslav. Licht has hired David Leavy as CNN’s new chief operating officer, the […]
Money stored in payment apps such as Venmo may be more vulnerable than bank deposits, CFPB says
A PayPal logo is seen displayed on a smartphone. Sopa Images | Lightrocket | Getty Images WASHINGTON — Money held in nonbank, peer-to-peer payment apps is not guaranteed for federal deposit insurance protection, which makes the funds more vulnerable, the Consumer Financial Protection Bureau warned Thursday. The watchdog said the […]
Here’s what earnings from industry rivals mean for two Club names
Fresh quarterly results from competitors of two Club holdings spell good news for our portfolio. Over the past 24 hours, earnings from Macy’s (M) and Nordstrom (JWN) have bolstered our confidence in the Club’s off-price retailer, TJX Companies (TJX). CrowdStrike (CRWD) similarly validated our ownership of cybersecurity leader Palo Alto […]
Here’s why Diddy is suing Diageo over his vodka and tequila brands
Diddy attends The After, hosted by the entrepreneur and Doja Cat, powered by Ciroc Premium Vodka and DeLeon Tequila at Club Love in New York City, May 1, 2023. Shareif Ziyadat | Getty Images Sean “Diddy” Combs is suing multinational spirits giant Diageo for alleged racial discrimination in the handling […]
Senate votes to repeal Biden’s student loan forgiveness plan. White House warns Biden will veto
The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October — is expected to veto the bill. Getty Images | Bloomberg A GOP-led effort to overturn President Joe Biden’s sweeping student loan […]
Here’s how to buy Treasury bills as yields top 5%
dowell | Moment | Getty Images Treasury bill yields have climbed over the past few months, with one-month to one-year terms currently topping 5%, as of June 1. However, there are a few things for everyday investors to know about the Treasury bill purchase process, according to financial experts. Treasury […]
Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
Microsoft CEO Satya Nadella Jordan Novet | CNBC Microsoft‘s massive investment in OpenAI has put the company at the center of the artificial intelligence boom. But it’s not the only place where the software giant is opening its wallet to meet the surging demand for AI-powered services. CNBC has learned […]
Why Apple’s VR headset could succeed where every similar product has failed
An attendee wears an HTC Vive Virtual Reality headset during the Apple Worldwide Developers Conference in San Jose, California, June 5, 2017. David Paul Morris | Bloomberg | Getty Images On Monday, Apple is expected to announce its first new major product line since the Apple Watch in 2014. During […]