Month: September 2024
CVS is working with advisors on strategic review, sources say
CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health‘s board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter, as the company contends with potential activist pressure and a severely depressed stock […]
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How to invest in the fourth quarter, according to the pros
The year has reached its last quarter. Equity markets have been volatile, with the S & P 500 rising 0.42% to a record close of 5,762.48 on Sept. 30 as investors continued to bet on themes like the potential for artificial intelligence and interest rate cuts. Chinese markets have seen renewed interest with the CSI […]
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Morgan Stanley names China stocks set to benefit from a ‘sustained rally’
Morgan Stanley says that Chinese stocks could enjoy a more “sustained rally” in the next phase — beyond a near-term jump — as they ride on the wave of stimulus measures and signals announced last week. “The policy pivot last week … exceeded our expectations, with forceful monetary easing and unprecedented measures aimed at stabilizing […]
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Consumer companies vie for share of India’s booming stock market
A bell during the listing ceremony of Ola Electric Mobility at the National Stock Exchange in Mumbai, India, on Friday, Aug. 9, 2024. Bloomberg | Bloomberg | Getty Images Food delivery platforms, jewelry companies — and even a electric scooter manufacturer. More consumer-centric companies are looking to capitalize on India’s booming stock market and strong […]
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Israeli military says ‘limited’ operation against Hezbollah targets in southern Lebanon has begun
Rescuers dig through the rubble of a building, a day after it was hit in an Israeli strike, in the southern Lebanese village of Ain El Delb on September 30, 2024. Mahmoud Zayyat | Afp | Getty Images The Israeli military says it has begun a “limited, localized” operation against Hezbollah targets in southern Lebanon. […]
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Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates
Market information is displayed on monitors as a trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2024. Andrew Kelly | Reuters Stock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September. Futures tied to […]
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AI chipmaker Cerebras files for IPO to take on Nvidia
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the […]
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EchoStar’s Dish sale marks disappointing end to Charlie Ergen’s ‘Seinfeld’ strategy
Dish’s Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish’s “Seinfeld” strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment. In 2011, Dish cofounder Charlie Ergen first mentioned “Seinfeld” on an earnings call, responding to an analyst’s question about his company’s mixed bag of assets. Ergen […]
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GE Healthcare has been an under-the-radar winner — and a new catalyst just arrived
GE Healthcare ‘s quiet outperformance is becoming harder to tune out — and its new drug used in radiology to improve the diagnosis of heart disease can help the Club stock make some more noise. In a note to clients Sunday, Wells Fargo analysts said that GE Healthcare’s diagnostic agent Flyrcado is “possibly the most […]
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Biden administration doubles down on tough asylum restrictions at border
U.S. President Joe Biden delivers remarks on an executive order limiting asylum in the East Room of the White House on June 04, 2024 in Washington, DC. Kevin Dietsch | Getty Images The Biden administration said Monday it is making asylum restrictions at the southern border even tougher, as it’s increasingly eager to show voters uneasy over […]
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