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BMW Won’t Follow Tesla with Price Cuts for Electric Vehicles

Tesla recently started slashing prices across its entire lineup, with some coming down as much as much as 20 percent. It was an unexpected move, after the Silicon Valley-based EV maker reached record sales for 2022, beating out even BMW in the US Afterward, Ford gave its Mustang Mach-E a heavy discount as well, likely …

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Penn sports betting business posts fourth quarter profit

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Light Rocket | Getty Images PennEntertainment on Thursday became the first US gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher …

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Mortgage rates drop to the 5% range for first time since September

Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip …

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FDA approves GSK’s anemia drug with safety warning — after batting back similar drugs – Endpoints News

With Novo Nordisk’s obesity treatment Wegovy fully back in stock in December, sales are beginning to soar, the Danish pharma reported during its annual earnings call on Wednesday. Total scripts of the glucagon-like peptide 1 (GLP-1) Wegovy topped 37,000 weekly in mid-January, a hockey stick uptick from end-of-year levels below 15,000 per week. The new …

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80% of workers who quit in ‘great resignation’ regret it: new survey

The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. 2022 was another record year for quitting — 4.1 million workers left their jobs in December, bringing the grand total for …

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Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +3.54%, Alphabet Inc. GOOGL, …

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Massive green energy company reports nearly $1 billion in losses, calls for ‘further governmental action’

Global green energy company Siemens Gamesa reported Thursday that it had lost a staggering $967 million during the three-month period from between October to December. The Germany-based company, which dubs itself as “the global leader in offshore power generation,” noted the wind industry has faced various unfavorable pressures leading to negative growth in recent months …

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