News
Pfizer scraps twice-daily weight loss pill
Major pharmaceutical manufacturer Pfizer is ending development of its twice-daily weight loss pill, danuglipron, the company announced Friday. According to...
Alaska Airlines to acquire Hawaiian Airlines for $1.9 billion
Alaska Air Group has reached a deal to acquire Hawaiian Airlines for $1.9 billion, the companies announced Sunday. Alaska will...
Ulta shares uptick following revenue report
Beauty retailer Ulta’s shares increased up to 10% during after-hours trading Thursday following news that the company increased its revenue...
US pending home sales fall to two decade low in October
According to new data from the National Association of Realtors, U.S. pending home sales reached their lowest levels in almost...
Dr Martens stock hits record low following revised revenue guidance
U.K. bootmaker Dr. Martens’ stock fell 27% on Thursday following the company’s issuance of its fourth profit warning in one...
US mortgage rate falls for fifth consecutive week
The average 30-year fixed-rate U.S. mortgage fell to 7.22% during the week ending Nov. 30, revealed data released Thursday by...
GM slashes spending on Cruise robotaxi service
On Wednesday, General Motors announced it would be cutting its spending on Cruise, the company’s controversial robotaxi service. “We expect...
GM’s deal with UAW set to cost company $9.3 billion
According to U.S. automaking giant General Motors, the company’s new labor deal with the United Auto Workers and Canada’s Unifor...
Rite Aid to shutter another 30 locations
Troubled U.S. pharmacy chain Rite Aid is set to close approximately 30 locations across the coming months, the company revealed...
US economy grows by 5.2% in Q3
The U.S. economy grew by 5.2% during the third financial quarter, the U.S. Department of Commerce said in its adjusted...
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