Month: January 2024
This little-known oncology stock could jump more than 70%, Citi says
Olema Oncology could be a standout player in developing therapies for women’s cancers, particularly in breast cancer, according to Citi Research. Analyst Yigal Nochomovitz initiated the clinical-stage biotech company at a buy/high risk rating, saying it has potential in developing a “next-gen endocrine therapy.” His price target of $20 implies shares could surge more than […]
Read More
Carnival reroutes cruises as Purple Sea tensions rise
The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023. Aaronp/bauer-griffin | Gc Photos | Getty Pictures Carnival declared Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Pink Sea as tensions increase in the Middle East. “Presented current developments and in shut consultation with worldwide […]
Read More
Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not seem like a lot, it is the first monthly […]
Read More
Trimble to acquire again $800 million worthy of of shares, develop board pursuing Jana financial commitment
Igor Golovniov| Lightrocket | Getty Visuals Industrial technology company Trimble introduced on Tuesday it would buy again up to $800 million worthy of of shares and incorporate two administrators to its board, just a couple months soon after activist investor Jana Companions disclosed a stake in the company. Ron Nersesian and Kara Sprague will sign up […]
Read More
Super Micro shares pop soon after earnings beat, rosy revenue forecast
Super Micro CEO Charles Liang. Source: Supermicro Shares of Tremendous Micro Laptop popped more than 5% Tuesday, a working day right after the enterprise handily exceeded estimates and elevated its comprehensive-12 months revenue outlook in its fiscal next-quarter earnings report. Super Micro reported earnings for the quarter arrived in at $3.66 billion, up from the […]
Read More
GM to release plug-in hybrid vehicles, backtracking on product plans
General Motors reveals the new 2016 Chevrolet Volt to the media at the 2015 North American International Auto Show on January 12, 2015 in Detroit, Michigan. Getty Images DETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday. Barra did not disclose specific […]
Read More
UPS announces 12,000 job cuts, says package volume slipped last quarter
A United Parcel Service truck searches for a house driving along the coast of Cape Cod on July 24, 2023 in Orleans, Massachusetts. Robert Nickelsberg | Getty Images UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced […]
Read More
Apple Vision Pro review: This is the future of computing and entertainment
Apple Vision Pro Todd Haselton | CNBC It’s night. I’m at a lake near Oregon’s Mount Hood, sitting on the beach. Jazz music is playing as I write. I’m not in the real world. Well, I sort of am. I’m wearing Apple’s new Vision Pro headset, which looks like a fancy pair of glowing ski […]
Read More
Symptoms from excessive screen time cost the U.S. $73 billion a year, study finds
American workers are spending too much time looking at screens. More than 104 million people in the U.S., including nearly 70% of people working office jobs, spend upwards of seven hours a day looking at screens, according to a Tuesday report from the Deloitte Economics Institute and the American Optometric Association. As a result, symptoms […]
Read More
Just one activist trader is having on BP, urging the oil large to scale back again green pledges
A standard perspective of the BP brand and petrol station forecourt indication on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Pictures Activist investor Bluebell Cash Companions is pushing for BP to urgently adjust tack, declaring it is “highly debatable” no matter whether the oil major’s approach of […]
Read More