Month: January 2025
Bill Ackman offers to take over real estate developer Howard Hughes for $85 a share
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in NYC on Sept. 28th, 2023. Adam Jeffery | CNBC Bill Ackman’s Pershing Square is forming a new entity to merge with Howard Hughes Holdings, offering current holders of the real estate company $85 a share. “While we are pleased with the […]
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Bitcoin accelerates its slide, falling to $90,000 to start the week
Bitcoin dropped to the $90,000 mark to start the week, extending weekend losses as investors continued to dump tech stocks. The price of the flagship cryptocurrency was last lower by 4% at $90,413.80, according to Coin Metrics, bringing its losses since Saturday to about 7%. Bitcoin lost 11% in the past week. Stock Chart IconStock […]
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AWS and General Catalyst partner to speed up development of health-care AI tools
Attendees walk through an expo hall at AWS re:Invent, a conference hosted by Amazon Web Services, at the Venetian in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Entertainment | Getty Images Amazon Web Services and venture capital firm General Catalyst on Monday announced a new multi-year partnership in their latest push […]
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New AI tool for fighting health insurance denials could save hospitals billions, and help patients
The Waystar team celebrates its IPO at the Nasdaq 2024 Nasdaq, Inc. / Vanja Savic Health-care payments company Waystar on Monday announced a new generative artificial intelligence tool that can help hospitals quickly tackle one of their most costly and tedious responsibilities: fighting insurance denials. Hospitals and health systems spend nearly $20 billion a year […]
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Lululemon says holiday season was better than expected, raises earnings and revenue guidance
Signage at a Lululemon store in New York on Aug. 22, 2024. Yuki Iwamura | Bloomberg | Getty Images Lululemon raised its fourth quarter earnings and revenue guidance on Monday after seeing a strong response from shoppers during the all-important holiday season. The athletic apparel company now expects sales to grow between 11% and 12% […]
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India’s inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
People buy vegetables at a vegetable market in Siliguri, India, on December 28, 2024. Nurphoto | Nurphoto | Getty Images India’s inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast a […]
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U.S. tightens its grip on AI chip flows across the globe
US President Joe Biden delivers remarks on advancing the safe, secure, and trustworthy development and use of artificial intelligence, in the East Room of the White House in Washington, DC, on October 30, 2023. Brendan Smialowski | AFP | Getty Images The U.S. government said on Monday it would further restrict artificial intelligence chip and […]
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Bezos’ Blue Origin stands down on debut launch of New Glenn rocket
The Blue Origin New Glenn rocket sits at Launch Complex 36 prior to its scheduled early morning Jan. 13 launch at Cape Canaveral Space Force Station. Miguel J. Rodriguez Carrillo | Getty Images News | Getty Images Jeff Bezos’ Blue Origin on Monday called off the inaugural launch of its New Glenn rocket following last-minute issues on […]
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Spike in UK borrowing costs raises specter of public spending cuts
The march higher in U.K. government bond yields since the launch of the Labour government’s debut budget plan in October sparked widespread concern last week, as borrowing costs rose to breach numerous decade highs. The prospect of public spending cuts or further tax rises came into focus as 30-year gilt yields hit their highest level […]
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European markets set to start the new trading week in mixed territory
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist. The U.K.’s FTSE 100 index is expected to open 22 points lower at 8,227, Germany’s DAX down 37 points at 20,182, France’s CAC down 11 points at 7,413 and Italy’s FTSE MIB down 143 points […]
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