An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Boeing on Wednesday reported a narrower-than-expected loss and less cash burn than analysts expected, and said it is stabilizing its supply chain as […]
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Biogen tops profit estimates as cost cuts take hold, Alzheimer’s drug Leqembi launch picks up
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday reported first-quarter profit that topped estimates as the company’s cost-cutting efforts took hold and sales of its closely watched Alzheimer’s drug, Leqembi, came in […]
Mortgage demand drops as interest rates soar over 7%
A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty Images Mortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the previous week, according to the […]
Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees
If an airline cancels your flight, remember that you’re entitled to a full refund. Bunhill | E+ | Getty Images The Biden administration on Wednesday unveiled two new rules that will directly affect the millions of Americans who fly commercially every year. The first rule requires airlines to be more […]
More than 3 million Medicare patients could be eligible for coverage of Wegovy to reduce heart disease risks, study says
More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also approved in the U.S. for heart health, according to an analysis released Wednesday by health policy research organization KFF. But some eligible beneficiaries could still face out-of-pocket […]
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country. The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological […]
U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters U.S. prosecutors are seeking an above-guidance sentence of 36 months for the former CEO of cryptocurrency exchange […]
Volvo Cars shares down 6% as first-quarter revenues fall
A Volvo EX30 fully electric EV Car is displayed during the Everything Electric London 2024 at ExCel on March 28, 2024 in London, England. John Keeble | Getty Images News | Getty Images Shares of Swedish automaker Volvo Cars fell more than 6% in early trade on Wednesday after a […]
Kering shares sink 9% after profit warning on declining Gucci sales
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sunk more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a […]
Photos show Sahara dust turn Athens orange
Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the area on Tuesday evening. Strong winds had carried the dust across hundreds of miles from Africa. The dust is expected to clear throughout Wednesday, when winds are set to […]