Month: August 2022
Biden says he’s ‘not worried’ about China’s increased aggression toward Taiwan following Pelosi’s visit
U.S. President Joe Biden talks to reporters while boarding Air Force One on travel to Eastern Kentucky to visit families affected by devastation from recent flooding, as he departs from Delaware Air National Guard Base in New Castle, Delaware, U.S., August 8, 2022. Kevin Lamarque | Reuters WASHINGTON — President Joe Biden said Monday that […]
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Axios to sell itself to Cox Enterprises for a reported $525 million
Jim VandeHei, Co-Founder and CEO of Axios speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, May 3, 2022. Mike Blake | Reuters Axios is being acquired by Cox Enterprises for a reported $525 million, the companies said Monday, with plans to expand the digital news site’s coverage into more cities. Axios’ […]
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Nvidia warns on second quarter revenue, shares dip
Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.70 billion, well below its initial outlook of $8.10 billion. The company said the shortfall primarily reflects weaker than forecasted gaming revenue, which is down 44% sequentially and 33% from the prior year. Nvidia said the report […]
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Investor Sarat Sethi has some stock picks to play inflation and a consumer slowdown
Investors should stick to companies that can keep generating earnings as they navigate high inflation and a consumer slowdown, according to DCLA’s Sarat Sethi. “Earnings are going to drive this market going forward,” Sethi said Monday on CNBC’s “Squawk Box.” “Not multiple expansion, not liquidity, it’s going to be where do we find earnings, and […]
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Bed Bath & Beyond shares jump more than 50% as message board mentions soar on the troubled, heavily shorted stock
A view of a Bed Bath and Beyond store in Daly City, California. Justin Sullivan | Getty Images Shares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move. The heavily shorted stock, which has tumbled more than […]
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‘Echoes of the Cold War’ as Blinken heads to Africa, vying with Russia for influence
PRETORIA, South Africa, August 8, 2022: South Africa’s Foreign Minister Naledi Pandor (R) and Secretary of State Antony Blinken (L) attend a strategic dialogue opening session meeting at the South African Department of International Relations and Cooperation. ANDREW HARNIK/POOL/AFP via Getty Images U.S. Secretary of State Antony Blinken arrived in South Africa on Monday to […]
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Goldman Sachs says buy this biopharma stock that’s poised to rally nearly 40% from here
Goldman Sachs says it’s time for investors to put their money in Rhythm Pharmaceuticals as shares can rally nearly 40% with the success of its obesity medicine. “We believe that the outlook for Imcivree was transformed by initial [phase 2] data in patients with Hypothalamic Obesity (HO), which points to a high probability of clinical […]
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Palantir shares fall more than 10% following earnings report
A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Palantir reported second-quarter results before the bell Monday that showed a loss per share compared […]
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Stocks making the biggest moves in the premarket: Palantir, Signify Health, Global Blood Therapeutics and more
Take a look at some of the biggest movers in the premarket: Palantir (PLTR) – The data analytics company’s stock plunged 15.6% in premarket trading after it reported an unexpected quarterly loss, and lowered its full-year forecast due to the uncertain timing of some government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning […]
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5 things to know before the stock market opens Monday
A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks look for momentum U.S. equities markets were on track to open higher Monday morning after three […]
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