Netflix and Comcast among companies donating to LA wildfire relief effort
Companies are pledging millions in donations to aid relief efforts for victims of the Los Angeles wildfires.
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Investor Cliff Asness says bitcoin is a bubble unless uses besides speculation and criminality emerge
“I’m on the bubble side, on net. To move me off that, you really need not a price change, but a use case,” Asness said of bitcoin.
Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more
These are the stocks posting the largest moves in midday trading.
Eli Lilly CEO expects new weight loss pill to be approved next year
Eli Lilly and its rivals are working to develop more convenient options than the injectable Zepbound and Wegovy, which dominate the weight loss drug market.
Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia
The deal will give Comcast a minority stake in the NBA’s 76ers and naming rights to the future arena.
Why you may be paying to help make the mattress industry more eco-friendly
Oregon began levying a $22.50 fee in 2025 on consumers who buy a mattress. It’s the fourth state to adopt such a policy, to help fund recycling efforts.
Moderna stock plunges nearly 17% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in the second half of the year.
Stocks making the biggest moves premarket: Abercrombie & Fitch, Pinterest, Howard Hughes Holdings and more
These are the stocks posting the largest moves in premarket trading.
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie’s growth is slowing.
India’s inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI’s 2024 fiscal year ending June 2025 is projected at 4.8%.