Eli Lilly’s second-quarter earnings report has stunned investors and analysts alike with its impressive performance. The pharmaceutical company reported earnings and revenue that far exceeded expectations, prompting a significant increase in its full-year revenue outlook. This exceptional growth was largely driven by the soaring sales of its blockbuster diabetes drug, Mounjaro, and weight loss injection,
The recent decision by the North Carolina Local Government Commission to approve Cabarrus County’s request to sell $186 million of bonds has sparked controversy within the commission. The commissioners voted seven-to-one in favor of the bonds, with Commission Chair and State Treasurer Dale Folwell being the sole dissenting vote. This decision marks a reversal from
In a recent post, Nassim Nicholas Taleb, the author of “Black Swan” and a risk analyst, provided his perspective on the Japanese collapse that led to the recent crash of Bitcoin. Taleb attributed the market bloodbath to the measures taken by the Bank of Japan, including near-zero interest rates for 33 years and quantitative easing
In times of economic turbulence and market sell-offs, investors often find themselves in a dilemma – where to put their money to weather the storm. According to Citi, the key lies in identifying stocks that have the potential to withstand economic fluctuations and are currently undervalued. This approach becomes particularly critical as concerns about a
Recent developments in the ongoing debate over environmental, social, and governance (ESG) investment policies have highlighted the growing division between political parties on this issue. Congressional Republicans, led by the House Republican ESG Working Group, have launched a vigorous campaign against what they perceive as the failures of ESG practices in the American boardroom. Chairman
The Omaha City Council recently approved placing a $333.4 million general obligation bond referendum on the Nov. 5 general election ballot. These bond proceeds are intended to fund various projects including sewer construction, streets and parking, public safety and convention center facilities, parks and recreation, highways and bridges, and police and firefighting equipment. According to
In recent years, Disney’s media business has been a topic of concern among investors. With the rise of streaming services, traditional pay-TV facing challenges, and box office disappointments, the company’s theme parks and resorts have been the saving grace. However, the narrative seems to be shifting, as Disney’s combined streaming services, including Disney+, Hulu, and
In a surprising turn of events, mortgage interest rates reached their lowest level since May 2023. This drop sparked a significant surge in mortgage demand from both homebuyers and existing homeowners, leading to a 6.9% increase in total mortgage application volume as reported by the Mortgage Bankers Association. The average contract interest rate for 30-year
The Asian currency market saw a downward trend as the dollar strengthened against most Asian currencies, especially the yen. The dollar index and dollar index futures both rose by 0.3%, indicating a renewed investor interest in the greenback. This shift in sentiment was fueled by concerns over a possible U.S. recession that led to a
Bitcoin, the leading cryptocurrency, has recently encountered a concerning technical indicator known as a “death cross” on its short-term charts. This development follows a significant sell-off in the overall cryptocurrency market, causing Bitcoin to plummet to a low of $49,050 during the previous trading session. The market saw a massive erasure of over $370 billion