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☆ Can money buy happiness? It really depends
▼ + stars: | 2024-07-28 | by ( Andrea Kane | ) edition.cnn.com time to read: +7 min

(CNN) — Can money buy happiness? “This notion that money cannot buy happiness is just, like, patently false,” social psychologist Elizabeth Dunn recently told CNN Chief Medical Correspondent Dr. Sanjay Gupta on his podcast Chasing Life. “Money can absolutely buy happiness,” said Dunn, the coauthor of “Happy Money: The Science of Happier Spending.” “And if you hear anyone say money can’t buy happiness, I would say, tell them to try giving some of it away.”You can listen to the full episode here. “Don’t just buy things you like all the time without even thinking about it,” Dunn said. “And if so, could you use money to buy your way out of it?”Dunn said her research showed that buying time is a great and underutilized way to turn money into happiness.

Persons: Sanjay Gupta, —, “, Kanye West, Elizabeth Dunn, Dunn, ”, ” Dunn, There’s, “ Don’t Organizations: CNN, University of British, Ikea . Pay Locations: University of British Columbia, Canada

☆ Beryl moves into the Gulf of Mexico after battering Mexico’s Yucatan Peninsula, takes aim at Texas
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

Beryl moved into the the Gulf of Mexico Friday and took aim at the south Texas coast after battering Mexico's Yucatan Peninsula. Texas officials issued disaster declarations and urge coastal residents to prepare as the storm headed their way. The storm's center Friday afternoon was in the Gulf just off Mexico, about 615 miles (995 kilometers) southeast of Corpus Christi, Texas. Some Texas counties have already issued voluntary evacuation orders in low-lying areas, and Texas officials urged coastal residents to prepare. Beryl spread destruction in Jamaica, St. Vincent and the Grenadines, and Barbados this week.

Persons: Beryl, Tulum, Gov, Dan Patrick, Patrick, Nim Kidd, Storm Alberto, Vincent, Laura Velázquez, Beryl hadn't, Balcaza, Lara Marsters, Andrew Holness, Hurricane Beryl, St Elizabeth, Baga Organizations: U.S, National Hurricane Center, Texas, Storm Locations: Mexico, Texas, Yucatan Peninsula . Texas, Corpus Christi , Texas, Gulf, Rio Grande, Corpus Christi, Northeastern Mexico, Jamaica, St, Grenadines, Barbados, Grenada, Venezuela, Boise , Idaho, Yucatan

☆ Here are Evercore ISI's best stock ideas for the second half
▼ + stars: | 2024-07-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Evercore ISI is sticking by its previous roster of top stock picks heading into the second half. ADBE YTD mountain Adobe stock has slipped more than 5% in 2024. Materne maintains an outperform rating on Adobe stock with a $650 per share price target, implying roughly 17% upside ahead. CVS Health Battered pharmacy stock CVS Health has pulled back more than 27% in 2024. CVS YTD mountain CVS Health stock.

Persons: Evercore, Kirk Materne, Materne, Elizabeth Anderson, Greg Melich, Melich Organizations: ISI, Nasdaq, Dow Jones, CVS Health, Home, Adobe, CVS, Health, Anderson, Delta Airlines

☆ How a gag order showdown explains everything about Trump
▼ + stars: | 2024-04-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“He knows what he’s not allowed to do, and he does it anyway.”Conroy was referring to Trump’s incessant testing of a gag order protecting witnesses, court staff and the jury. “Michael Cohen is a convicted liar and he’s got no credibility whatsoever,” Trump said in an interview with WPVI Philadelphia. Trump could face a ladder of escalating sanctionsProsecutors now want Merchan to fine Trump $1,000 for each of 10 alleged violations of the gag order and to warn that imprisonment could be an option if he continues to flout restrictions. Trump claims the gag order stifles his right to free speech and to campaign as a presumptive party nominee. And while a dispute over one partial gag order might seem like a small wrinkle in an individual case, it conveys a wider truth about Trump’s impact on American life.

Persons: Chris Conroy, Donald Trump, “, he’s, ” Conroy, Michael Cohen, Stormy Daniels, Juan Merchan, Trump, “ Michael Cohen, ” Trump, CNN’s John Miller, “ Judge Merchan, ”, Jeffrey Swartz, Jim Sciutto, CNN Max, lacerating, Merchan, Elizabeth Williams, Todd Blanche, doesn’t, CNN’s Erin Burnett, —, Jack Smith’s, there’s, •, Joe Biden’s, Volodymyr Zelensky, Biden, mishandle, He’s, president’s, Trump’s, George Conway, ” Conway, CNN’s Burnett Organizations: CNN, GOP, The New, Trump, Philadelphia, Prosecutors, New York City Department of Corrections, Cooley Law, US, Trump Organization, Conservative Political, Conference, Biden Locations: The New York, Washington ,, Georgia

☆ The royals' old creed of 'never complain, never explain' is a relic of a bygone era
▼ + stars: | 2024-03-18 | by ( Cheryl Teh | Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

The royal family's PR strategy is in need of an update, experts say. The stoicism of the royal family's unofficial motto, "never complain, never explain," was a hallmark of Queen Elizabeth II's reign. Kate Middleton, Prince William, Prince Harry, and Meghan Markle at Windsor Castle. But it's just a motto," Prince Harry told Anderson Cooper during a January 2023 episode of "60 Minutes." Prince William, Prince of Wales and Catherine, Princess of Wales in February 28, 2023.

Persons: —, Prince Harry, Meghan, Oprah, excoriating, Buckingham, Queen Elizabeth II's, Kate Middleton, Prince William, Meghan Markle, Chris Jackson, King Charles, Princess Diana, Kate, Sovereign Grant, Prince William —, Duke of, Anderson Cooper, Prince William , Prince of Wales, Catherine , Princess of Wales, Max Mumby, William's, William, Evan Nierman, Nierman, Elizabeth II, Benjamin Disraeli, Marie Claire, Kristen Meinzer, Stringer, Elizabeth, Meinzer, Queen Elizabeth, Charles, Diana's, Graham Smith, Danny Lawson, Smith Organizations: PR, Service, Getty, Sovereign, Daily, British, Hulton Locations: Windsor, Duchy, Lancaster, Duke of Cornwall, Cornwall, Kensington, Republic, Buckingham

☆ Colin Firth’s wet Mr Darcy shirt from ‘Pride and Prejudice’ among scores of costumes up for sale
▼ + stars: | 2024-03-05 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

The legendary white button down shirt that cemented Colin Firth’s reputation as an on-screen heartthrob in “Pride and Prejudice” is expected to fetch thousands of dollars at auction. Firth immortalized Jane Austen’s Mr Darcy in the BBC adaptation of the book in 1995. Eamonn M. McCormack/Getty ImagesRecalling the moment the shirt made movie history, Collin said on the auctioneer’s site: “Mr Darcy’s ‘wet shirt moment’ was never scripted. In the scene Mr Darcy is spied emerging from a lake having taken a cooling swim on a hot summer’s day. Because on screen male nudity was not permitted (taking into account the BBC watershed and US broadcasts) – the idea of the ‘wet shirt’ was born.

Persons: Colin Firth’s, ”, Firth, Jane Austen’s Mr Darcy, Elizabeth Bennet, Jennifer Ehle, Darcy, Bridget Jones ’, Kerry Taylor, Dinah Collin, Darcy Wet, Eamonn M . McCormack, Collin, Darcy’s, Christopher Prins, Mr Darcy, Colin Firth, John Bright, Drew Barrymore’s, Danielle, “, Meryl Streep, Robert Downey Jr, ’, Sherlock Holmes, Jude Law, Watson, Drew Barrymore, Keira Knightley, Cate Blanchett, Gwyneth Paltrow, Bright, Jenny Beavan, Oscar, Merchant Ivory’s Organizations: CNN, Kerry, Kerry Taylor Auctions, Bright Foundation, Alamy Locations: “, London, England

Morgan Stanley raised its price target on General Motors. 6:56 a.m.: Morgan Stanley calls Bloom Energy a 'secular winner' Morgan Stanley reiterated its overweight rating on Bloom Energy , naming it an underappreciated AI beneficiary. The firm also maintained its $22 price target on shares, which suggests shares surging more than 94% from where they closed on Wednesday. — Hakyung Kim 6:14 a.m.: Morgan Stanley steps to the sidelines on ZoomInfo ZoomInfo Technologies is "unlikely to zoom into a recovery," according to Morgan Stanley. — Hakyung Kim 5:40 a.m.: Morgan Stanley raises GM price target A focus shift back to internal combustion engine vehicles can give General Motors another jolt higher, according to Morgan Stanley.

Persons: Morgan Stanley, Andrew Percoco, — Hakyung Kim, Antonio Reale, Reale, Hakyung Kim, Elizabeth Porter, Porter, Richard Choe, Choe, Jefferies, NYCB, Jon Arfstrom, Arfstrom, Christopher Danely, Danely, Bank of America's Tal Liani, Liani, Samik Chatterjee, Chatterjee, Adam Jonas, Jonas, — Fred Imbert Organizations: CNBC, General Motors, Qualcomm, Citi, Bloom, Bloom Energy, Bank of America, Santander Santander, Santander, ZoomInfo, JPMorgan, T, RBC, New York, Bancorp New, Bancorp New York Community, Bank, NYCB, Citi Citi, chipmaker Qualcomm, Samsung, Bank of America's, GM Locations: Spanish, Spain, Santander, Europe, U.S, Wednesday's, Bancorp New York

☆ An Alabama prisoner will soon become the first in the US to be executed by nitrogen gas. Veterinarians won't even use the method on most animals.
▼ + stars: | 2024-01-21 | by ( Michelle Mark | ) www.businessinsider.com time to read: +4 min

An Alabama prisoner is about to undergo an experimental execution using nitrogen gas on Tuesday. Even veterinarians refrain from using nitrogen gas in euthanasias for most animals. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Alabama prisoner is scheduled to be executed by nitrogen gas on Tuesday — an experimental form of capital punishment that has prompted a global outcry from human rights organizations. The nitrogen hypoxia execution method, which remains untested, involves a mask being fitted to the prisoner's face, which pipes in nitrogen gas.

Persons: —, Kenneth Eugene Smith, Critics, Smith, Elizabeth Sennett, Sennett, I'm Organizations: Service, Alabama's Department of Corrections, UN, Human Rights, American Veterinary, Associated Press, Authorities, Guardian Locations: Alabama, euthanasias

☆ A complete timeline of Harrison Ford and Calista Flockhart's relationship
▼ + stars: | 2024-01-15 | by ( Eve Crosbie | Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Harrison Ford and his wife, Calista Flockhart, have been married since 2010. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYou could ask anyone to name a Harrison Ford film and they would have no issue rattling off box-office hits that the actor has starred in over the years, including "Star Wars," "Indiana Jones," "Blade Runner," and "The Fugitive." The actor has been with his wife, Calista Flockhart, for over two decades.

Persons: Harrison Ford, Calista, Liam, —, Harrison, Indiana Jones, Elizabeth Stewart, Ford Organizations: Golden Globe, Service, Harrison Ford, Cannes Film

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

☆ A court artist covering Trump's trial had the perfect response to a Fox commentator calling her work a 'travesty'
▼ + stars: | 2023-11-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Kayleigh McEnany poked fun at a courtroom sketch of Trump on "The Five" on Monday. The artist, Elizabeth Williams, said that "dumping on court artists" is becoming more and more common. AdvertisementAdvertisementA courtroom sketch artist has responded to a Fox News commentator who called her drawings of Donald Trump a "travesty." Although other artists' work had been shown in the segment, an image by courtroom sketch artist Elizabeth Williams was displayed on screen at the time. AdvertisementAdvertisementWilliams has been a courtroom artist for decades, and recapped her coverage of Trump going back to the 1980s.

Persons: Kayleigh, Trump, Elizabeth Williams, Williams, —, Donald Trump, Kayleigh McEnany, Letitia James, Dana Perino chimed, Greg Gutfeld, Louis CK, Trump's, Colin Jost, YouTube Jost, Donald Trump Jr, Judge Arthur Engoron, Laura Italiano Organizations: Service, Fox, White House Press, Fox News, New York, Trump, USFL, NFL, SNL, YouTube, Team Trump Locations: Miami

☆ Bank of America says now is the time to buy these three home improvement stocks
▼ + stars: | 2023-09-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Cooling inflationary pressures and strengthening home values are likely to spell a recovery for home improvement retailers sooner rather than later, according to Bank of America. Although the firm's indicator for the home improvement industry still came in negative for August 2023, the signal ticked up from its July reading. "Strength in home values should lend longer-term stability for home improvement demand," Suzuki wrote. Suzuki's $114 price target for Floor & Décor suggests almost 24% upside from its closing price of $92 Monday. BofA cited FND's growing number of stores and improved same-store sales growth.

Persons: Elizabeth Suzuki, Lowe, BofA, Suzuki, — CNBC's Michael Bloom Organizations: Bank of America, U.S . Mortgage, Finance Research Locations: 1H23, 2H23, Monday's

☆ This pharma stock is a buy as valuation remains attractive, Evercore says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should pounce on CVS' current attractive valuation, according to Evercore ISI. The firm upgraded the health and pharmacy stock to outperform from in-line in a Tuesday note, accompanied by an $83 per share price target up from $81. CVS stock has slipped more than 24% from the start of the year. CVS YTD mountain CVS stock. "CVS, like many [managed care organizations], is a complex organization, and we see a number of factors swinging in a positive direction, pointing to both a higher degree of confidence in [management's] outlook as well as supportive of higher valuation," Anderson said.

Persons: Elizabeth Anderson, Anderson, CNBC's Michael Bloom Organizations: CVS, ISI, Centers, Medicare, Services

☆ Morgan Stanley's top picks for the rest of earnings season
▼ + stars: | 2023-07-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

While Wall Street's expectations are lower this corporate earnings season, there are still several stocks Morgan Stanley said could rise in the near term. Morgan Stanley's estimates for second-quarter earnings are down 9% year to date and flat sales growth, which the firm attributes to lagged and elevated costs. Amazon is one of Morgan Stanley's top picks for this earnings season. The firm believes potential catalysts include positive earnings revisions and its AWS Summit on cloud computing and generative artificial intelligence. He added that multiple appreciation and earnings revisions could drive the stock upward.

Persons: Morgan Stanley, Morgan Stanley's, Michelle Weaver, Brian Nowak, Brian Harbour, Yum, Elizabeth Porter, Porter, — CNBC's Michael Bloom Organizations: Pharmaceutical, Merck, Pfizer, Devices, Tech, Amazon, Yum Brands, Taco Bell Locations: North America, China

☆ Gwyneth Paltrow poses with look-alike daughter Apple Martin at Goop event
▼ + stars: | 2023-07-16 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Gwyneth Paltrow is enjoying her summer by spending time with her daughter, Apple Martin, and mom, Blythe Danner. The Goop founder hosted a dinner at her home in the Hamptons on Saturday, posting a photo from the gathering on Instagram with Martin and Danner on Sunday. Paltrow looked sun-kissed and glowy in a midriff-bearing skirt set, with her wavy hair worn down. Martin, whose resemblance to her mother is uncanny, looked chic in a black mini dress while Danner wore a cozy white maxi dress. I can’t take it!”Paltrow shares two children with Coldplay frontman Chris Martin.

Persons: Gwyneth Paltrow, Apple Martin, Blythe Danner, Martin, Danner, Paltrow, “, ” Paltrow, Chris Martin, Brad Falchuk, Falchuk, Jerry, Jessica Seinfeld, Jodie Comer, Jimmy Fallon, Rachel Zoe, Mattia Agazzi, Elizabeth Saltzman, ” Organizations: CNN, Hamptons, Coldplay

☆ This tax-exempt fund with a yield surpassing 4% is 'one of the best,' Morningstar says
▼ + stars: | 2023-06-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The fund invests at least 80% of its assets in investment-grade municipal bonds, and only up to 20% in those below investment grade. Municipal bonds are issued by government entities, such as a city or state, and raise money for public projects, such as building roads or schools. VWAHX 1Y mountain Vanguard High-Yield Tax-Exempt fund The fund, which trades under the ticker VWAHX, currently has a 30-day SEC yield exceeding 4%. "We are not risk averse, but we are very opportunistic about how we apply our risk," Kiselak explained. Opportunity in health care Health-care muni bonds make up about 15% of the fund, Kiselak said.

Persons: Morningstar, Mat Kiselak, —, Bond, Elizabeth Templeton, VWAHX, Kiselak, Jeff DeMaso, DeMaso, He's Organizations: SEC, Morningstar ., Vanguard, Independent Vanguard, Puerto Locations: Puerto Rico

FBI agents flew with van der Sloot on a US Department of Justice plane to an airport in Birmingham, Alabama, where he landed Thursday afternoon. Van der Sloot was seen leaving the Ancón 1 prison in Lima early Thursday, as he was driven away in a black van while in the custody of law enforcement. Peru initially agreed to extradite van der Sloot to the US to face those charges only after he serves his murder sentence. “I want to go to the US,” van der Sloot told Altez in a letter. Holloway was last seen alive with van der Sloot and two other men leaving a nightclub in Aruba 18 years ago.

Persons: Joran van der Sloot, Natalee Holloway, van der Sloot, Holloway’s, Beth Holloway, John Kelly, van, Sloot, –, Van der Sloot, Daniel Maurate, ”, Joran Van Der Sloot, Elizabeth Ann Holloway, Maximo Altez, Altez, ” van der Sloot, Stephany Flores, Holloway, – van der Sloot, Deepak, Satish Kalpoe Organizations: CNN, Alabama, Dutch, FBI, US Department of Justice, Northern District of Alabama, Agents, Peru’s Air Force Base Grupo, ”, CNN en Espanol, Police Locations: United States, Aruba, Birmingham , Alabama, Northern District, Netherlands, Holloway’s, Alabama, Peru, Lima, Lima , Peru, America

The Paul, Weiss, Rifkind, Wharton & Garrison partner is well-known for representing blue chip clients like Amazon in cases with millions or even billions of dollars on the line. "Widely considered one of the most preeminent litigators of his generation," is how his Paul Weiss bio puts it. Average profits per partner at Paul Weiss last year were $5.73 million, according to The American Lawyer. The case made national headlines, and the ex-judge, Roy Pearson Jr, was subsequently sanctioned by the D.C. Court of Appeals. In a statement filed with the court, Isaacson and McCrocklin's lawyer said the two sides' positions "are both extremely well-known to each other and seemingly very entrenched."

Organizations: & & '

☆ Amazon launches $5-a-month unlimited prescription plan
▼ + stars: | 2023-01-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon is expanding its push into healthcare with a $5 monthly unlimited delivery pass on 60 common generic prescription drugs treating allergies, inflammation, high blood pressure and other conditions. Amazon announced the new delivery service, RXPass, on Tuesday and it will launch immediately in most states except California, Texas, Minnesota and others with specific prescription delivery requirements. The $5-a-month delivery pass is an add-on to Amazon Prime, Amazon’s $139 annual program, and is available exclusively to Prime subscribers regardless of their insurance status. Amazon has long offered a Prime prescription savings benefit to get discounts on generic and brand-name medications. Amazon’s new plan will mean consumers may see lower costs for some generic drugs, Nicholson said.

☆ Bank of America downgrades Best Buy, says stock could fall nearly 20% as inflation hurts spending
▼ + stars: | 2022-12-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The investment case for Best Buy looks murky as retailers face a slowing consumer spending environment, according to Bank of America. Best Buy shares have come under significant pressure this year as retailers grapple with high inflation and a pullback in consumer spending. The stock's down more than 17% year to date, with Bank of America's $69 price target suggesting shares could fall another 18% from Tuesday's close. Suzuki's price target suggests that stock trades at 10 times the bank's 2024 earnings per share forecast, which is below the historic averages for both Best Buy and the hardline retail sector. "We believe this discount is warranted given the pressure on consumer discretionary spending in light of inflation," she wrote.

☆ I commute on London's $25 billion railway line every week. It costs me $3, gets me to work 20 minutes early, and has transformed my journey.
▼ + stars: | 2022-11-23 | by ( Kate Duffy | ) www.businessinsider.com time to read: 1 min

Normally, I set off just after 7 a.m.. To get to the nearest Elizabeth line stop at Paddington, I have to take the Bakerloo line, which is more than 100 years old, for less than five minutes. It's often noisy, cramped, and stuffy at this time of the morning. Inside of Bakerloo line tube. Kate Duffy/InsiderSource: London Transport Museum

☆ Elizabeth Holmes faces jail time after today's sentencing
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElizabeth Holmes faces jail time after today's sentencingCNBC's Scott Cohn joins 'Closing Bell' to report on the charges against Elizabeth Holmes, the potential prison sentence she faces and the defense's argument in favor of Holmes.

Nov 2 (Reuters) - CVS Health Corp (CVS.N) on Wednesday forecast a 2023 profit below Wall Street estimates and said it hoped to mitigate the hit from a performance rating decline for its most popular Medicare plan by encouraging members to shift to other plans. read more CVS took a pre-tax charge of $5.2 billion in the third quarter related to the settlement. The settlement price, which was below investor expectations, according to Evercore ISI analyst Elizabeth Anderson, and other measures announced by the company helped lift CVS Health shares nearly 5%. In its insurance business, CVS said it is trying to move members out of Aetna's National PPO plan, which currently accounts for 59% of its Medicare Advantage plan members. CVS' health insurance business as well as peers Elevance Health (ELV.N) and UnitedHealth (UNH.N) have benefited from a slow recovery in elective procedures and a fall in COVID cases that has kept costs in check.

☆ CVS Health lifts forecast as PBM, insurance units drive profit beat
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

Nov 2 (Reuters) - CVS Health Corp (CVS.N) on Wednesday raised its annual profit forecast after topping quarterly estimates on strong performance at its health insurance and pharmacy benefit management businesses, sending its shares up 1% in premarket trade. CVS' health insurance business benefited from a slow recovery in elective procedures and a fall in COVID cases, which kept costs in check, as did peers Elevance Health (ELV.N) and UnitedHealth (UNH.N). Revenue from the insurance and pharmacy benefit management businesses rose around 10% each, while retail and pharmacy sales gained about 7%. Excluding some one-off items, CVS Health reported a profit of $2.09 per share, compared with analysts' average estimate of $1.99 per share. It removes an "overhang" on CVS and is lower than investor expectations, Evercore ISI analyst Elizabeth Anderson said in a note.

☆ Bank of America downgrades Whirlpool on 'severe' drop in appliance demand
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Consumers aren't buying as many appliances as they used to, and that's bad news for Whirlpool according to Bank of America. The firm on Wednesday downgraded the company stock to underperform from neutral and cut its price target to $119 from $155. "Industry and company data suggests a severe drop in appliance demand and softening of pricing, while costs remain elevated, pressuring margins," wrote analyst Elizabeth Suzuki in the note, adding that Bank of America lowered its expectations for Whirlpool's 2023 earnings. "North America drove the lion's share of the miss, due to the impact of widespread global cost increases, combined with weakening demand. Shares of Whirlpool have slumped more than 41% year to date, underperforming the S & P 500's 19% drop.

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