Like a kite that has caught a stiff breeze, Eli Lilly and Co. stock is having the ride of its life. Shares in the Indianapolis-based drugmaker have soared 41% in the past 52 weeks, to about $331 each.
The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time high. It’s the worst start to a year since 1970, when Apple and Microsoft had yet to be founded.
Target Corp. is on pace for its worst stock drop since 1987’s Black Monday crash after becoming the second big retailer in two days to trim its profit forecast. Other retailers suffered steep drops in their stock prices Wednesday.
Fueled by cheap money and a soaring stock market, companies struck deals at a record pace in 2021 to boost growth, acquire new capabilities or to simplify their corporate structures.
President Joe Biden said Wednesday that a new plan to keep a key U.S. port open “24 hours a day, seven days a week” would relieve pressure on an overworked supply chain that has frustrated Americans and blossomed into a major economic shortcoming.
With prices surging worldwide for heating oil, natural gas and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter.
Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to build a headquarters in Greenwood where it will employ 170 workers.
Eli Lilly and Co. included in its proxy statement an intricate graphic breaking down the presence of women and minorities in its overall workforce and in management.
Experts say attending events like the NCAA basketball tourney is relatively safe because of how big arenas with high ceilings work to move and mix air—as long as capacity limits allow for physical distancing and masks are still worn properly.
General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years.
Office space, the largest single slice of the commercial real estate sector, already is seeing rents fall as vacancies rise. Property values eventually could plummet 20% to 35%, according to a recent Barclays report. Hotels and retail properties have been hit even harder.
The S&P 500 rose 1.9%, its fourth straight gain of more than 1%, and is now up 7.4% for the week. That would be its best week since the market was exploding out of the crater created in February and March by panic about the coronavirus pandemic.
Reluctance to put money to work took hold when the pandemic struck and has shown few signs of easing.
The S&P 500 index climbed as high as 1.6% on Wednesday, topping the level reached on Feb. 19, before fading a bit before the market’s close.
Once an aspiring journalist and writer, Bindley Capital Partners Vice President Jennifer Detmer has discovered how credit research and finance can also be a form of storytelling.
President Donald Trump on Friday called on U.S. companies with operations in China to consider an alternative place to do business after Beijing announced a series of retaliatory tariffs Friday.
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
Aviation officials from more 30 countries met with the FAA to hear the U.S. regulator's approach to reviewing changes that Boeing is making after two crashes that killed 346 people.
Applications are a proxy for layoffs, so the drop to such a low number indicates that companies are cutting very few workers.
Tesla will increase the cost of its vehicles by an average of about 3 percent after rethinking a plan announced just 10 days earlier to wind down all but a small number of its stores.
