In this article BMY Follow your favorite stocksCREATE FREE ACCOUNT Bristol Myers Squibb’s Cobenfy drug Courtesy: Bristol Myers Squibb The Food and Drug Administration on Thursday approved Bristol Myers Squibb‘s highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades.  Schizophrenia affects how
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Costco on Thursday reported ho-hum quarterly results, with a small topline miss being more than offset by strong profitability to deliver an earnings beat. The report didn’t blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion,
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David Tepper, founder and president of Appaloosa Management. David Orrell | CNBC Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. “You just read what these guys are saying,” Tepper said on CNBC’s “Squawk Box” Thursday.
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Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024.  Jim Watson | AFP | Getty Images A majority of millionaire investors said they plan to vote for Vice President Kamala Harris in November, even though they give former President
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From putting your toddler children on your payroll to claiming your car as a business expense, TikTok is chock-full of potentially bad money advice. Yet, financial TikTok, also known as #FinTok, is one of the most popular sources for financial information and tips, particularly among Generation Z. Now, 27% of social media users say they have
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Catherine Mcqueen | Moment | Getty Images After years of higher yields on cash, the Federal Reserve’s shifting policy means lower future returns on savings, certificates of deposit and money market funds. Despite falling rates, investors should still keep emergency funds “liquid,” meaning the cash can be easily tapped, financial experts say. Advisors typically suggest
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In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT A logo for financial service company Merrill Lynch is seen in New York. Emmanuel Dunand | Afp | Getty Images The U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients’ predesignated investment limits over a two-year period.
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By some measures, retirement savers, overall, are doing well. As of the second quarter of 2024, 401(k) and individual retirement account balances notched the third-highest averages on record, helped by better savings behaviors and positive market conditions, according to the latest data from Fidelity Investments, the nation’s largest provider of 401(k) savings plans. The number of 401(k)
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