Johnson & Johnson

McDonald’s board adds three new directors in shake-up

McDonald’s has raised the price of its cheeseburgers in the UK for the first time in 14 years. Justin Sullivan | Getty Images News | Getty Images McDonald’s board is gaining three new members and losing one longtime director. Sheila Penrose, who leads the board’s sustainability and corporate responsibility committee, will retire on Sept. 30 …

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Treasury yields slip as investors digest recent US inflation data

Bonds yields slipped Monday, as investors digested the previous week’s wave of data releases and questioned whether the US Federal Reserve may slow its tightening cycle on improved inflation news. The yield on the benchmark 10-year Treasury note was last down 5 basis points at 2.799%, while the yield on the 30-year Treasury bond traded …

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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday Aug. 15

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Monday’s key moments: Oil’s decline is good news We want confirmation that inflation’s peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil’s decline is good news Stocks …

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Johnson & Johnson will stop selling talc-based baby powder around the world in 2023

new York CNN Business — Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its talc-based powder, which hasn’t been sold in the United States and Canada since 2020, is at the center of tens of thousands of arguments filed by women who have developed ovarian cancer …

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Johnson & Johnson to end global sales of talc baby powder

Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended US sales of a product that drew thousands of consumer safety lawsuits. “As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based …

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Treasury yields climb as investors weigh recession prospects

US Treasury yields rose on Monday to begin August as investors continue to assess the prospects for an economic recession. At around 6:22 am ET he yield on the benchmark 10-year Treasury note was up at 2.658% while the yield on the 30-year Treasury bond climbed to 3.02%. Yields move inversely to prices. The 2-year …

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Here are the top defensive plays from heavy-hitter investors as recession fears grow

Fears of a recession intensified even more after data showed the economy shrank for a second straight quarter, making a strong case for defensive stocks for investors worried about slowing growth. GDP fell at a 0.9% annualized rate in the second quarter after a 1.6% decline in the first three months of the year, hitting …

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US Treasury yields edge lower ahead of key Fed decision

US Treasury yields fell on Tuesday as investors geared up for a key policy decision from the Federal Reserve. The yield on the benchmark 10-year Treasury note fell 4 basis points to 2.781%, while the yield on the 30-year Treasury bond fell 4 basis points to 3.01%. Yields move inversely to prices and a basis …

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US Treasury yields up ahead of Fed meeting; recession risk in focus

US Treasury yields rose on Monday as investors geared up for a big week of corporate earnings and a key policy decision from the Federal Reserve. The yield on the benchmark 10-year Treasury note climbed 2 basis points to 2.807% while the yield on the 30-year Treasury bond was up 5 basis points at 3.049%. …

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JNJ is a buy as shares slide after its quarterly earnings report

Johnson & Johnson (JNJ) reported second-quarter earnings results on Tuesday that beat analysts’ expectations. Reported sales increased 3% year over year to $24.02 billion, or 8.1% growth on an adjusted operational sales basis (which excludes the impact of acquisitions and divestitures and currency), exceeding expectations of $23.77 billion on FactSet. Adjusted earnings per share increased …

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