Day: December 23, 2024
The price of cocoa is soaring — could lab-grown chocolate be the answer?
The price of cocoa has soared, as deforestation and climate change make it more difficult for chocolate producers to get their hands on the precious beans. Sacramento-based startup California Cultured is hoping it has found a solution to the industry’s supply issue. “We are still starting with basically a little living bean. So, instead of […]
Read MoreBill Clinton is hospitalized for observation and testing after developing a fever
Former U.S. President Bill Clinton speaks on stage during the third day of the Democratic National Convention at the United Center on August 21, 2024 in Chicago, Illinois. Alex Wong | Getty Images Former President Bill Clinton has been hospitalized in Washington after he developed a fever, a top aide told NBC News on Monday. Clinton, 78, […]
Read MoreFord donates $1 million and fleet of vehicles to Trump’s inauguration
Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023, in Romulus, Michigan. Bill Pugliano | Getty Images Ford Motor […]
Read MoreIsraeli tech CEO who was severely wounded in Gaza sells startup for about $100 million
Itamar Ben Hemo didn’t have to join the war. At age 49, the Israeli tech entrepreneur was well outside of the range of mandatory service. But following last year’s Oct. 7 attack by Hamas, Ben Hemo signed up as a reservist, confident that his experience fighting as a paratrooper in Lebanon in 2006 made him […]
Read MoreTrump’s 25% tariff could be an existential threat to Canada’s recovering auto industry
Canadian and American flags fly near the base of the Ambassador Bridge connecting Canada to the U.S. in Windsor, Ontario, Canada, on Wednesday, May 26, 2021. Cole Burston | Bloomberg | Getty Images DETROIT — There’s growing concern that President-elect Donald Trump’s plan to impose 25% tariffs on Canadian imports would be an existential threat […]
Read MoreWhy the ‘great resignation’ became the ‘great stay,’ according to labor economists
Key Points The “great resignation” of 2021 and 2022 saw unprecedented numbers of workers quit their jobs amid ample and better-paying job opportunities. Today, it’s the “great stay.” Businesses pulled back on hiring due to higher interest rates. Fewer job openings hindered the prevalence of quitting. Employers aren’t laying off many workers, however, due to […]
Read MoreEli Lilly looks to extend its winning streak over the broader market to 6 years
Eli Lilly has outperformed the S & P 500 for five straight years as Wall Street woke up to its massive opportunity in obesity drugs. Six in a row is not out of the question. Year-to-date performance: Up 33.7% Forward price-to-earnings ratio: 34.3 versus five-year average of 34.5 Our rating: Buy-equivalent 1 Our price target: […]
Read MoreStocks making the biggest moves midday: Nordstrom, Honda, MicroStrategy, Broadcom and more
Check out the companies making headlines in midday trading: Nordstrom — The department store shares dipped more than 1% after announcing it will become a private company. Nordstrom agreed to a buyout deal valued at roughly $6.25 billion from its founding family and Mexican department store El Puerto de Liverpool. Common shareholders will receive $24.25 […]
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