Day: May 16, 2024
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Fast Money Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon Published Thu, May 16 20247:57 PM EDT Stephanie Landsman@stephlandsman WATCH LIVE Source
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Asia-Pacific markets are mostly set to open lower as investors await key economic data from China
Drone point view of the Shanghai skyline at sunrise. Aerialperspective Images | Moment | Getty Images Asia-Pacific markets were set to take a breather after rallying in the previous session, as investors await key China data to assess the state of the world’s second largest economy. China data, including new house prices, urban unemployment and […]
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Meme stocks and more: Analyst names ‘danger zone’ companies to avoid
Meme stocks are in the spotlight this week. GameStop, and others like AMC, experienced much volatility this week , rallying then tumbling after just two days. These so-called meme stocks, which gained popularity through social media platforms like Reddit and X (formerly known as Twitter), have attracted retail investors looking to make a quick profit. […]
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BofA names ‘Asia’s most important stocks’ — and analysts give one over 40% upside
BofA Securities has screened for 20 of Asia’s “most important stocks,” selected from the constituents of the MSCI Asia Pacific Index. Each stock’s importance is measured by “multiplying the index weight and the extent to which the stock performs differently from same Index (the volatility of relative return versus the MSCI Asia Pacific Index over […]
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No walk-ins allowed: What to know when touring the world’s best wine regions
Gone are the days when wine tasting was confined to local wineries or national borders. Today’s consumers crave authentic wine experiences in the land where it’s cultivated. In Europe, where the wine economy is predominantly export-driven, tasting rooms tend to be family-operated. That means there may be just one person serving visitors, and appointments are […]
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Modi’s strongman rule raises questions about India’s ‘democratic decline’ as he seeks a third term
Narendra Modi, India’s prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Modi doubled down on his attacks against the main opposition party by using language critics say sows division between the country’s Hindu majority and Muslim minority. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg […]
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Dow futures are little changed after blue-chip average touches 40,000 for first time: Live updates
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Futures tied to the Dow Jones Industrial Average traded near flat Thursday night, after the preceding session brought much fanfare, with the blue-chip average briefly touching the key 40,000 milestone for the first time. Futures connected to the 30-stock index […]
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Reddit soars after announcing OpenAI deal that allows use of its data for training AI models
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares surged 11% in extended trading on Thursday after the social media company announced a partnership with OpenAI that will allow the […]
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Canada Goose jumps 16% after the company reports growth surge in China
Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how the company did: Earnings per share: 5 Canadian cents, which may not compare with estimates […]
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FDA approves Amgen’s treatment for most deadly form of lung cancer
The Amgen headquarters in Thousand Oaks, California. Eric Thayer | Bloomberg | Getty Images The Food and Drug Administration on Thursday approved Amgen‘s therapy for patients with the most deadly form of lung cancer. The agency cleared the drug, which will be marketed under the name Imdelltra, as a second or later line of treatment […]
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