Pfizer Inc. saw its stock fall despite beating Wall Street’s expectations for fourth-quarter revenue and profit. The company reported a net income of $410 million, or 7 cents a share, reversing a loss of $3.37 billion in the same quarter last year. Analysts expect Pfizer’s growth to accelerate, with the firm predicting increased focus on … Read more
Insurance giant State Farm is seeking California state officials to approve an emergency rate increase of 22% for homeowners in the state, effective May 1. The move comes after devastating fires in the Los Angeles area caused widespread destruction and resulted in over 8,700 claims worth around $1 billion. State Farm expects to pay significantly … Read more
The European Union is preparing to impose its own tariffs on American goods in response to President Donald Trump’s trade policies, including his recent decision to impose 25% tariffs on certain imported steel and aluminum products. In a move that could escalate tensions between the two economies, EU officials are expected to unveil a list … Read more
US Secretary of State Marco Rubio met with Panamanian President José Raúl Mulino on his first overseas trip, amid a push by the Trump administration for control of the Panama Canal. The canal, which serves as a shortcut between the Pacific and Atlantic Oceans, is crucial to global trade. Rubio emphasized the need for US … Read more
President Donald Trump has announced that the United States will take control of the Gaza Strip. He stated that the land should be rebuilt and occupied by people other than the current leaders, who he described as “the same people”. This statement comes at a time when the US is involved in various Middle Eastern … Read more
US senators Bernie Sanders and Josh Hawley are set to introduce a bill that proposes a temporary 10 percent limit on credit card interest rates. The move, aimed at curbing high rates that have risen over the past decade, is expected to spark opposition from banks and lenders. The proposal comes as the average credit … Read more
Alphabet’s fourth-quarter earnings report revealed revenue fell short of expectations, with shares plummeting nearly 9% in after-hours trading. Despite the miss, the company’s earnings per share beat analyst estimates by two cents. The company reported revenue of $96.47 billion, missing the expected $96.56 billion. Google’s advertising revenue grew 10.6%, while search revenue growth was 12.5%. … Read more
A regulatory framework for crypto has been proposed by Republican lawmakers and Venture capitalist David Sacks, the newly appointed White House AI and crypto czar. Sacks stated that getting legislation through Congress is possible in the next six months. The focus on stablecoins, a type of cryptocurrency pegged to a real-world asset like the US … Read more
Philadelphia Eagles general manager Howie Roseman expressed confidence in star running back Saquon Barkley’s historic season. Roseman, who signed Barkley to a three-year, $38 million deal this offseason, said he is not surprised by the player’s performance. The former Penn State standout became the ninth player to reach 2,000 rushing yards and finished just shy … Read more
Uganda has begun a trial of a vaccine against the Sudan strain of the Ebola virus, following a new outbreak that has claimed one life and infected two others. The initial participant in the trial, a 32-year-old nurse, received a dose of the vaccine on Monday. Developed by the International Aids Vaccine Initiative, the vaccine … Read more