Author: Editor

Norwegian Sky, a 77,104 GT Sun-class cruise ship owned and operated by Norwegian Cruise Line, sails the Tagus River after departure from the cruise terminal on Sept. 2, 2025, in Lisbon, Portugal.Horacio Villalobos | Corbis News | Getty ImagesShares of Norwegian Cruise Line Holdings surged about 13% Thursday after the company posted better-than-expected third-quarter earnings and raised its outlook for the full year. The cruise line reported third-quarter revenue of $2.95 billion, topping Wall Street expectations of $2.88 billion, according to analyst estimates from LSEG. Net income for the period was $491 million, or $1.07 per share.Adjusted earnings before interest,…

There are a lot of financial concerns surrounding retirement, and choosing where to live might be one of the biggest challenges.Unless you’ve managed to stockpile a large sum of money for retirement, the everyday costs of living could factor into your decision to retire altogether.US News & World Report analyzed over 850 cities based on quality of life, affordability, healthcare, retiree taxes, job market, and population and migration for retirees 55 and older to rank what cities work best for retirees.Affordability was a key factor in this year’s list, as the pathway to a comfortable retirement isn’t smooth for everyone.”It’s…

In this photo illustration, a Burger King Whopper and fries are seen in a restaurant on August 17, 2026, in Hollywood, Florida. Joe Raedle | Getty ImagesRestaurant Brands International on Thursday reported mixed quarterly results as Popeyes’ struggles offset Burger King’s successful U.S. turnaround. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.10 adjusted vs. $1.09 expectedRevenue: $2.53 billion vs. $2.54 billion expectedRestaurant Brands reported fiscal third-quarter net income attributable to common shareholders of $542 million, or $1.54 per share, up from $315 million, or 96 cents…

Merck on Thursday topped third-quarter estimates and hiked its adjusted profit outlook, as its immunotherapy Keytruda, including a newer injectable form of the drug, showed stronger-than-expected sales. The pharmaceutical giant now expects adjusted earnings to be between $2.77 and $2.82 per share. That adjusted profit outlook is up from a previous range of $2.66 to $2.76 per share. The guidance now includes a one-time charge of $400 million, or 12 cents per share, related to its licensing agreement with the Chinese cancer drugmaker SciBrunch.Merck also narrowed the low end of its 2026 revenue guidance, now expecting sales between $66.8 billion and…

Eli Lilly on Thursday reported third-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro soared again. Despite that strength, sales of its new GLP-1 obesity pill Foundayo, which launched in the U.S. in April, were under Wall Street’s expectations for the quarter.The pharmaceutical giant now expects 2026 revenue to come in between $91 billion and $92 billion, up from a previous guidance of $85 billion to $87 billion. Lilly projects its full-year adjusted earnings will be between $35 and $36 per share, which compares…

Elon Musk says it’s not worth saving for the long term, as nest eggs won’t matter.”Saving money for the distant future is pointless with the advent of super intelligent abundance,” Musk said in an X post on Thursday, doubling down on one of his most polarizing predictions.The Tesla and SpaceX CEO was replying to a user who said they weren’t stressing over their “questionable financial decisions” because a future of abundance meant “most of it won’t matter in a few years anyway.”@battleangelviv Saving money for the distant future is pointless with the advent of super intelligent abundance— Elon Musk (@elonmusk)…

It’s been a long road down for Wendy’s.Since the fast-food chain got a boost to record highs from the 2021 meme-stock frenzy, its share price has fallen nearly 80%. The public-market situation has gotten so dismal that billionaire activist investor Nelson Peltz — alongside a handful of financial firms — wants to take Wendy’s private. Peltz’s firm, Trian Partners, already owns 16% of the company, and is the largest shareholder.Upon first glance, the $7.35-per-share offer looks solid. It’s a roughly 20% premium to Tuesday’s close. But it’s still 12% below where the stock started 2026, and nowhere near the 2021…

Mortgage rates have climbed rapidly in recent weeks, slowing homebuying activity in markets across the US.”Everybody moves together. And the market is so cyclical. It’s like this almost herd mentality,” real estate investor and agent Dana Bull told Business Insider. The recent run-up, she said, has brought activity in her Boston-area market to “a screeching halt.”The average 30-year fixed mortgage rate was hovering around 7.4% in early October, according to Freddie Mac — its highest level in about three years.Bull’s advice: Don’t let high rates alone stop you from making an offer.”We have to start going into problem-solving mode,” she…

A pair of well-known investors at Dmitry Balyasny’s Corbets Capital unit left the $37 billion hedge fund earlier this month.Thomas Stephens and Kevin Cottrell are no longer at Balyasny Asset Management, two people familiar with the matter tell Business Insider.Stephens ran Corbets, which focuses on fundamental stock-picking strategies, from its launch in 2022 until roughly a year ago, a person close to the manager said.He also ran a portfolio focused on financial services companies up until recently. He had been at the firm since 2018 after stints managing money for Izzy Englander’s Millennium Management and Ken Griffin’s Citadel.Cottrell, a tech-focused…

This as-told-to essay is based on a conversation with O’Shea Jackson, known professionally as Ice Cube, a 57-year-old rapper, actor, and cofounder of the professional three-on-three basketball league Big3, who is based in Los Angeles. The following has been edited for length and clarity.I started out wanting to be the best rapper in the world. Then John Singleton put me in “Boyz n the Hood” in 1991, and I loved creating at that level. I didn’t just want to be an actor; I wanted to be a producer and a writer. I wanted to control my own films and be…