Dollar hits 2-year high after robust US data puts brake on rate cut bets

Shares of Denmark's pharmaceutical company Novo Nordisk (NYSE: NVO) fell by 4% following the termination of its partnership with telehealth firm Hims & Hers, which Novo Nordisk accused of illegal practices and deceptive marketing. Hims & Hers CEO Andrew Dudum is preparing a response to the allegations made against the company. Explain It To Me Like I'm 5: Shares of Novo Nordisk, a big medicine company from Denmark, dropped 4% because they ended a partnership...

Paychex (NASDAQ:PAYX) reported a 10% revenue growth in Q4 2025, driven by the Paycor acquisition, which added over 50,000 clients and contributed 12-13 percentage points to revenue growth for fiscal 2026. With raised cost synergy targets, the company projects 16.5%-18.5% total revenue growth, approximately 43% adjusted operating margins, and 8.5%-10.5% adjusted diluted EPS growth for the upcoming fiscal year. Explain It To Me Like I'm 5: Paychex is a company that helps other businesses manage...

Stanley Druckenmiller, a successful investor with a net worth of $6.9 billion, previously ran his own hedge fund before closing it in 2010 and currently manages nearly $3 billion for his Duquesne Family Office. In the first quarter of 2025, he made significant investments in three stocks, prompting interest in whether following his moves could yield smart investment picks. Explain It To Me Like I'm 5: Stanley Druckenmiller, a very rich man who used to...

Social Security privatization proposes shifting the government-run system to personal investment accounts, allowing individuals to manage a portion of their Social Security taxes. The debate has intensified amid concerns that budget cuts to the Social Security Administration could signal a move towards privatization, fundamentally altering retirement savings and the value of other savings methods like IRAs. Explain It To Me Like I'm 5: Social Security privatization is a plan to let people invest some of...

Social Security is vital for about 16 million seniors, preventing poverty annually, but faces challenges such as potential benefit cuts and a significant loss of buying power that could cost retirees over $4,000 each year. This uncertainty raises concerns about the program's future effectiveness as a financial lifeline for many Americans. Explain It To Me Like I'm 5: Social Security helps many older people in America have enough money to live, but there are worries...

Warren Buffett's investment in Pool Corp. (NASDAQ: POOL) reflects his preference for strong, stable companies over flashy investments. Despite a slowdown in new pool construction, Pool Corp. benefits from a dominant market share in a growing sector, as the installed base of pools continues to expand, offering ample opportunities for growth. Explain It To Me Like I'm 5: Warren Buffett thinks Pool Corp. is a good investment because it has a big part of the...