Day: November 25, 2024
Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside
European equity markets might look “gloomy” right now, but Barclays noted that one investment strategy has delivered “solid outperformance” over recent months. “Buyback strategies remain a bright spot for Europe, with strong volumes and returns. Amid a gloomy equity market, our buyback announcement basket (BCEUBUYB) has outperformed by 4.6% since Oct,” the investment bank’s strategists […]
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Hedge fund bets on a key oil and gas supply chain stock, saying it could rise over 300%
London-based hedge fund Granular Capital has revealed a renewed interest Borr Drilling , saying the offshore drilling company’s shares could increase by up to 300% or 400%. Granular is the largest shareholder of Borr Drilling, which provides offshore drilling vessels for hire to large companies in the oil and gas industry on a fixed-term basis […]
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Zoom surpasses expectations as it calls for another quarter of single-digit growth
Eric Yuan, founder and CEO of Zoom Video Communications, speaks at Concordia Annual Summit in New York on Sept. 25, 2024. Leigh Vogel | Concordia Summit | Getty Images Zoom shares were flat in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave guidance in line with […]
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Stocks making the biggest moves after hours: Zoom Communications, Kohl’s, Semtech and more
Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software inched higher by nearly%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom […]
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Republicans gear up for the coming battle over $5 trillion tax cut’s costs
As Republicans on Capitol Hill lay the groundwork for extending the 2017 tax cuts, cracks are already emerging on one of the biggest questions: how to handle the cost. Extending the tax provisions is estimated to increase the deficit by $5 trillion, according to the nonpartisan Congressional Budget Office. Yet many lawmakers are quick to […]
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Kohl’s CEO Tom Kingsbury to step down in January, to be replaced by Michaels CEO Ashley Buchanan
Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and […]
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San Francisco Mayor-elect Daniel Lurie taps OpenAI’s Sam Altman and other business leaders for help with transition
Mayor- Elect Daniel Lurie speaks in St. Mary’s square a day after winning the Mayoral race in San Francisco on Friday, Nov. 8, 2024. Gabrielle Lurie | San Francisco Chronicle | Hearst Newspapers | Getty Images San Francisco’s Mayor-elect Daniel Lurie has begun tapping tech heavyweights and business leaders to help with his goal of […]
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Starbucks baristas can’t view their schedules after ransomware attack on vendor
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024. Hollie Adams | Reuters A ransomware attack on one of Starbucks‘ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said Monday. Starbucks said it is working closely with the vendor to […]
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State Farm signs JuJu Watkins and increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women’s sports. State Farm is furthering its investment in women’s sports with two new deals. The insurance giant announced on Monday that it had signed college basketball star JuJu Watkins to an NIL, or “name, image and […]
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Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring. Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable. It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team […]
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