Companies issue high grade debt at one of the fastest paces ever

Companies issue high grade debt at one of the fastest paces ever

New York City, New York Tk21hx | Flickr | Getty Images Companies rushed to sell $69 billion in high-grade bonds this week, the second-highest weekly amount ever, according to BofA Securities. Despite this big start to the year, the total amount of high-grade bond issuance could decline. “I think this is going to be another … Read more…

Sears, Walgreens among retailers that closed stores in 2019

Sears, Walgreens among retailers that closed stores in 2019

Micah Young | E+ | Getty Images 2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was … Read more…

Neal Khosla on why digital health has been so disappointing

Neal Khosla on why digital health has been so disappointing

Neal Khosla, founder of Curai, writes about some of the biggest challenges for digital health companies. Neal Khosla This is a modified version of a two-part article that appeared on Medium, and is reprinted here with the author’s permission. For a decade, digital health has been the supposed savior of the health care system, driving … Read more…

Express Scripts to add digital health treatments like Livongo, Omada

Express Scripts to add digital health treatments like Livongo, Omada

Tim Wentworth, President of Express Scripts and Cigna Services, speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Astrid Stawiarz | CNBC Digital health companies are getting funded in droves, but many are struggling to get traction. So Cigna’s Express Scripts, one of the biggest pharmacy benefits managers, is throwing … Read more…

It could be time to buy defensive stocks, if the rally slows down. Here are some favorites

It could be time to buy defensive stocks, if the rally slows down. Here are some favorites

Man shopping at Walmart in Toronto, Canada. Roberto Machado Noa | LightRocket | Getty Images Wall Street is getting defensive. Stocks have had a great run this year — hitting all-time record highs — but uncertainty around the U.S.-China trade war and the 2020 election paint a tepid picture for markets in the new year. … Read more…

Hello Kitty logo on vaping device showed something was wrong

Hello Kitty logo on vaping device showed something was wrong

CVS Health CEO Larry Merlo raised concerns Thursday over the teen vaping crisis and the longterm health risks. “We don’t know the longitudinal effect of these products,” Merlo told CNBC’s “Squawk Box.” “Something has to be done.” In research released in October from New York University, scientists found e-cigarette vapor caused lung cancer, and potentially … Read more…

Target plans to open a store in New York's Times Square in 2022

Target plans to open a store in New York’s Times Square in 2022

A rendering of Target’s small-format store set to open in Times Square in 2022. Source: Target Target is bolstering its presence in the Big Apple with a store in the heart of Times Square, CNBC has learned. The discount retailer has signed a lease to open a small-format store on 42nd Street between 7th and … Read more…