Markets
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Why won’t Medicare cover the new Alzheimer’s drug?
The Center for Medicaid and Medicare Services and its chief administrator, Chiquita Brooks-LaSure, look increasingly isolated over Alzheimer’s drug lecanemab after their counterparts at the Veterans Health Administration just publicly approved the drug for patients. “VA has added lecanemab (also known as Leqembi), which recently received accelerated approval from the FDA, to its list of…
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Lagarde sees no evidence that underlying inflation is moving down
President of the European Central Bank Christine Lagarde says inflation is still too high. “Since July last year we have raised interest rates by 350 basis points. However, inflation is still high, and uncertainty around its path ahead has increased. This makes a robust strategy going forward essential,” she said a speech made on Wednesday…
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FleetCor stock rises after announcement of strategic review
Shares of FleetCor Technologies Inc. FLT, -1.39% were headed more than 1% higher in premarket trading Monday after the business-payments company said it would conduct a strategic review. Fleetcor will engage in “a review of its portfolio and business configuration, with the goal of driving enhanced shareholder value,” according to a Monday morning press release.…
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Insured losses from natural catastrophes topped $100 billion for second year in a row, reinsurer says
Insured losses from natural catastrophes topped $100 billion for the second year in a row, reinsurer Swiss Re said on Wednesday. Swiss Re SREN, +0.75% said insurance covered $132 billion worth of the $284 billion in economic damage caused by catastrophes including Hurricane Ian, hailstorms in France and floods in Australia and South Africa. That’s…
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Dick Van Dyke, 97, crashes car into gate in Malibu
Legendary TV star Dick Van Dyke has reportedly been injured after crashing his Lexus in Malibu when he lost control of the wheel. The 97-year-old actor’s car skidded in wet weather conditions before smashing into a gate on Wednesday morning, TMZ reports. The ordeal left him with a bloody nose and mouth, as well as…
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Apple’s drop shows price of popularity
CHAPEL HILL, N.C. (MarketWatch) — What investment lesson are you drawing from Apple’s breathtaking plunge over the last couple of months? The one I think is most important is a contrarian one: To find your prince, you need to be willing to kiss a frog. For years now, this contrarian lesson was dismissed by Apple…
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FCNCA Stock Price | First Citizens Bancshares Inc. Cl A Stock Quote (U.S.: Nasdaq)
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‘Folks are looking for whatever they can get’: Buying a house this busy spring season? Realtors advise using these 5 tactics.
Spring is typically the busiest season for the real-estate market. But with limited inventory and high mortgage rates, purchasing a home remains an expensive and time-consuming process. MarketWatch spoke to three realtors about how home buyers can stand out from the competition. Mortgage rates are double where they were a year ago, above 6.6%, and…
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Is Facebook growing fast enough?
CHAPEL HILL, N.C. (MarketWatch) — Facebook Inc.’s revenue is growing at a fast pace. But it isn’t growing fast enough to support the social network’s current stock price. Facebook US:FB released its latest quarterly earnings after the close on Wednesday — reporting quarterly revenue of $1.59 billion. That brought revenue for all of last year…