Month: April 2022
Lululemon is a buy as apparel maker has momentum beyond pandemic, Truist says
Shares of Lululemon are poised to do well even as the world emerges from the Covid-19 pandemic, according to Truist. Source
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IMF cuts global growth forecasts on Russia-Ukraine war, says risks to economy have risen sharply
A view of damage in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists, on April 17, 2022. Anadolu Agency | Anadolu Agency | Getty Images The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, saying the economic hit from Russia’s unprovoked invasion of […]
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Gold House launches $30 million fund to invest in entrepreneurs of Asian descent
Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments. “I saw the decisionmaking and how it differed between the people that were check-writers at these different funds and the […]
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Citi downgrades NXP Semiconductors, says company’s margins are near their peak
NXP Semiconductors NV will likely be stuck in the mud for a while, according to Citi. Source
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady with earnings, rising bond yields in focus Traders work on the floor of the New York Stock Exchange during morning trading on April 12, 2022 in New York City. Michael M. Santiago | Getty Images […]
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Secret Service seizes more than $102 million in crypto assets
WASHINGTON — The U.S. Secret Service is cracking down on illicit digital currency transactions, seizing more than $102 million in cryptocurrency from criminals in connection with fraud-related investigations. David Smith, assistant director of investigations, said agents and analysts actively track the flow of Bitcoin and other cryptocurrencies on the blockchain, similar to an old-fashioned surveillance. […]
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Stocks making the biggest moves in the premarket: Netgear, Zendesk, WeWork and more
Take a look at some of the biggest movers in the premarket: Netgear (NTGR) – Netgear tumbled 10.6% in premarket trading after the networking equipment maker reported weaker-than-expected preliminary results for the quarter that ended April 3. Netgear also cut its current-quarter revenue forecast, pointing to a weaker U.S. market for WiFi equipment. Zendesk (ZEN) […]
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Amazon gets rare neutral rating from Rosenblatt, which says inflation will hurt retail sales
The firm is ‘unconvinced’ Amazon’s core businesses in online stores and third party services will recover growth after stalling at the end of last year. Source
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J&J lowers 2022 revenue and earnings expectations, stops giving Covid vaccine sales guidance
Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Tuesday lowered its full-year sales and earnings outlook, and stopped providing Covid-19 vaccine revenue guidance due to a global supply surplus and demand uncertainty. J&J is now forecasting 2022 sales of $94.8 […]
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Battle for Donbas: 3 reasons why Russia is shifting its war machine to east Ukraine
A tank belonging to pro-Russian rebels is seen in separatist-controlled Donetsk, Ukraine on March 11, 2022. Anadolu Agency | Anadolu Agency | Getty Images The “battle for Donbas” looks to be underway in Ukraine, as Russia concentrates its war machine on the eastern region — a major strategic, political and economic target for the Kremlin. […]
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