Shares of telehealth company Hims & Hers Health (NYSE:HIMS) jumped 12.5% in the afternoon session after the company revealed it will offer Eli Lilly's weight-loss medications (Zepbound) on its platform, marking a significant expansion beyond its previous focus on lower-cost alternatives to Novo Nordisk's Wegovy. This move positioned the company to tap into the growing demand for weight loss solutions and attract a broader customer base. The company added, "As we look ahead, we plan to continue t
Federal Workers Get Second Musk Buyout Offer
(Bloomberg) -- Federal workers at a number of agencies — including the Defense, Transportation, Agriculture and Energy departments — are getting a second chance to accept a buyout offer, the latest effort to downsize the US government spearheaded by Elon Musk.Most Read from BloombergWhat Frank Lloyd Wright Learned From the DesertLondon Clears Final Hurdle for More High-Speed Trains to EuropeMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fire
Wells Fargo sees 5 reasons investors should brace for Tesla stock to drop another 50%
The bank is skeptical about the timing of a cheaper Tesla model, as well as the success of a coming robotaxi service.
Sam Price says most altcoins are ‘treacherous,’ shares smarter way to trade memes
CryptoLifers’ Sam Price calls altcoins “treacherous” and explains why timing, liquidity, and mindset matter more than hype.
Crypto Advocate Kristin Smith to Exit Blockchain Association for New Solana Group
The chief of one of the industry's most prominent lobbying arms, Smith will leave in May to join the Solana Policy Institute as president, her association says.
Xiaomi's stock slid 5% after one of its electric vehicles was in a 'serious' highway accident
A Xiaomi SU7 electric vehicle was involved in an accident in China, sending its stock down.
Weaker jobs signal, stronger prices highlight potential Fed dilemma
WASHINGTON (Reuters) -Lackluster new U.S. jobs data and a weak report on manufacturing highlight an emerging concern among Federal Reserve officials that employment could slip even as the risk of a tariff-driven round of inflation limits their ability to do anything about it. Data on hiring and layoffs for February showed a job market that was potentially losing steam more broadly, with a drop in job openings, a slight rise in layoffs, worker quit rates similar to those during the languid job market of the mid-2010s, and near balance in the demand for and supply of available employees. "The small signals the market is showing point to retrenchment rather than expansion," Allison Shrivastava, an economist with the Indeed Hiring Lab, wrote after the release of the job openings and layoffs data for February.
US inflation swaps price in big short-term tariff impact, flag recession risk
NEW YORK (Reuters) -Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump's tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate. Inflation swaps are used to hedge against a rise in prices. Specifically, the receiver agrees to exchange with the payer a fixed amount for floating payments tied to the Consumer Price Index (CPI) for a given notional amount and period of time.
Wholesaler association says impending tariffs may worsen inflation
The National Association of Wholesaler-Distributors has expressed concerns over President Donald Trump’s impending tariffs – set to go into effect on Wednesday. The post Wholesaler association says impending tariffs may worsen inflation appeared first on FreightWaves.
Newsmax Stock Has Soared 2,200% In Its First 2 Days Of Trading
Conservative new channel Newsmax's stock surged again on Tuesday after skyrocketing Monday in its first day of trading.