The Ferrari logo is seen outside the Ferrari headquarters in Maranello, Italy.Ciancaphoto Studio | Getty Images Sport | Getty ImagesFerrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a...
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Novo Nordisk’s diabetes pill slashes risk of cardiovascular complications by 14% after four years
Novo Nordisk on Saturday said its diabetes pill Rybelsus showed cardiovascular benefits in a late-stage trial, paving the way for it to become a new treatment option for people living with diabetes and heart disease. The pill lowered the risk of cardiovascular-related death, heart attack and stroke by 14% compared to...
GameStop shares drop 22% after the retailer issues debt to buy bitcoin
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024.Brendan McDermid | ReutersGameStop shares tumbled Thursday, suffering its biggest loss since June, after the video game retailer announced plans to raise debt to buy bitcoin.The meme stock plunged...
Vanguard’s expired patent may emerge as ‘game changer’ for fund industry
An expired patent — previously held by Vanguard — may spark a shake-up in the exchange-traded fund industry.Wall Street saw the patent as critical to Vanguard's success because it saved an enormous amount of money in taxes. Now, the firm's ETF competitors could get a chance to use it, too."It's really a...
Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes
Erin Scott | ReutersDollar Tree said Wednesday that it's gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump's tariffs.The discount retailer's CEO, Michael Creedon, said the company is seeing "value-seeking behavior across all income groups." While Dollar Tree has always relied...