Novo Nordisk partners with OpenAI as AI drug discovery hopes mount
[ad_1] People walk past a sign for Novo Nordisk’s annual general meeting at the entrance to the venue in Copenhagen, Denmark, March 26, 2026. Tom Little | Reuters Novo Nordisk is partnering with OpenAI to “bring new and better treatment options to patients faster,” the Danish drugmaker said Tuesday. The partnership will enable Novo to […]
LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
[ad_1] A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday […]
Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
[ad_1] A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. […]
U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%
[ad_1] “TSA Is Hiring” signage at Philadelphia International Airport (PHL) in Philadelphia, Pennsylvania, US, on Monday, March 23, 2026. Matthew Hatcher | Bloomberg | Getty Images The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact. Nonfarm payrolls rose […]
The March jobs report will be released on Friday. Here’s what to expect
[ad_1] A “Help Wanted” sign hangs in restaurant window in Medford, Massachusetts, U.S., January 25, 2023. Brian Snyder | Reuters Nonfarm payrolls are expected to bounce back — barely — in March as the bar keeps getting lower for what constitutes a healthy labor market. The U.S. economy is projected to show job gains of […]
Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
[ad_1] Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty Images Gasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to head off inflation. […]
Powell sees inflation outlook in check, no need to hike rates because of oil shock
[ad_1] Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn’t need to respond with higher interest rates. As his term leading the central bank nears an end, Powell avoided questions about the longer-term direction […]
Fed Governor Miran still backs cuts, says interest rates could be ‘about a point’ lower this year
[ad_1] Federal Reserve Governor Stephen Miran speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2025. Brendan McDermid | Reuters Federal Reserve Governor Stephen Miran on Monday continued his campaign for lower interest rates, telling CNBC that policymakers should disregard the […]
Recession odds climb on Wall Street as economy shows cracks beneath the surface
[ad_1] Vanessa Nunes | Istock | Getty Images Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for […]
Puig stock soars 15% after Estée Lauder confirms takeover talks with Charlotte Tilbury maker
[ad_1] Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed it is in talks about merging the two companies. Estée Lauder said Monday that a final decision had not been made on any potential deal, first reported by the Financial Times. Puig stock was last seen up 14.6% […]