Tag: Prices

2024-11-20

CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices

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Business

CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency’s case against drug supply chain middlemen over high insulin prices in the U.S. is unconstitutional.  The complaint, filed in the U.S….

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2024-10-24

10-year Treasury yield climbs to 4.25%

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Business

The U.S. 10-year Treasury yield rose again Wednesday as traders digested the latest comments from Federal Reserve officials on the trajectory of interest rate cuts. The yield on the 10-year Treasury rose more than three basis points to about 4.24. At its session high, the benchmark rate traded at 4.26%, reaching its highest level since July 26. That move comes…

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2024-10-09

Economic tailwinds boost Kamala Harris in election homestretch, economists say

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Business

The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while the unemployment rate fell…

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2024-10-09

Prices fall as recent rally takes a breather

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Crude oil futures fell more than 4% on Tuesday as the rally spurred by heightened geopolitical risk paused while the market waits for Israel to strike back against Iran. “Oil can keep ascending only for so long, purely based on perceptions and not actual supply disruption,” Tamas Varga, an analyst at oil broker PVM, said in a Tuesday note….

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2024-10-08

10-year Treasury yield rebounds back above 4%

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The 10-year Treasury yield, a benchmark for mortgages and car loans, jumped back above 4% on Monday amid stronger labor market readings and despite the start of a Federal Reserve rate-cutting campaign last month. The 10-year yield was up more than 4 basis points to 4.024%, its highest since early August and a big turnaround from its 2024 low…

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2024-10-07

Outlook for October 7-11, 2024

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Business

The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this week as rising tensions…

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2024-10-06

No more half-point rate cuts

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Business

Well, that was unexpected. The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. Stock futures rallied following the news. Dow Jones Industrial Average futures popped 255 points, or 0.6%….

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2024-10-05

10-year Treasury yield soars after jobs report blows past expectations

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Business

U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report. The 10-year Treasury yield rose around 12 basis points to 3.971%. The yield on the 2-year Treasury was 21 basis points higher at 3.924%. Yields and prices have an inverted relationship. One basis point equals 0.01%. Nonfarm payrolls grew by 254,000 in September, significantly exceeding the…

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