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Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
Barrons.com•Pfizer lifts profit view on cost cuts, smaller drop in demand for COVID products
Shares of the U.S. drugmaker have lost 11% of their value this year on worries over its growth after the pandemic as billions of dollars in COVID vaccine and treatment sales evaporated. Pfizer reiterated its annual revenue forecast of $8 billion from the sale of COVID-19 shot Comirnaty and anti-viral treatment Paxlovid. Revenue from Comirnaty, for which it partners with Germany's BioNTech, continues to perform consistently with its expectations, Pfizer said.
Reuters•Are You On Track To Join The Top 1% In Retirement Savings? Here's How Much They Have At Every Age
While many Americans struggle to save for retirement, the top 1% amass significant nest eggs. This raises the question: How much do they save, and how does it compare to the national average? Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. Data from DQYDJ, using Federal Reserve statistics, highlights that the average retirement age in th
Benzinga•CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the surge in medical procedures at its unit that houses health insurer Aetna to persist. U.S. health insurers have had to contend with rising medical costs over the past few quarters following higher demand for procedures, especially among older adults, that were delayed during the pandemic. CVS said in February it was seeing a rise in hip and knee surgeries, medical services related to the eyes, dental work, as well as vaccinations including the RSV shot during the last three months of 2023.
Reuters•Tesla lays off executives, cuts Supercharger division
Tesla fired two key executives and trimmed hundreds of staff, gutting its Supercharger program, a leaked email shows.
Autoblog•Stock market today: S&P 500 futures slide with Fed's Powell in the spotlight
Fed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Yahoo Finance•Like Realty Income? This Competitor Has an Even Better Dividend Track Record
Realty Income is the leader in the net lease REIT industry, but there's an important area where it is not No. 1.
Motley Fool•Crypto washout sends bitcoin below $58,000 ahead of Fed decision
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
Reuters•SoFi Stock: Time to Abandon Ship or Buy the Dip?
SoFi's stock is dropping like a rock, which may be an opportunity.
Motley Fool•Artificial Intelligence (AI) Isn't Going Anywhere. Here Are 3 Stocks to Buy and Hold for Decades.
These companies are behind the creation and power of AI models that are changing our world.
Motley Fool•