Month: February 2025
Goldman’s portfolio of hedge fund favorites is trouncing the market this year. Here’s what’s in it
While the S & P 500 is trading close to its all-time high, a group of favored stocks among hedge funds is soaring even higher, according to Goldman Sachs. The S & P 500 reached an all-time intraday high as well as a new closing record on Wednesday, the broad market index’s second consecutive record […]
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Expect more volatility ahead as market navigates shifting political winds, UBS says
Volatility in stocks won’t let up anytime soon, according to UBS. The Dow Jones Industrial Average on Thursday suffered its worst day since Jan. 10, dropping more than 400 points after a sell-off in Walmart shares. The stock dropped more than 6% after the country’s largest retailer issued weaker-than-expected fiscal-year guidance. Walmart also warned it […]
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Deutsche Bank is a rare Wall Street bank that’s cautious on Nvidia ahead of earnings
Ahead of Nvidia ‘s highly anticipated quarterly earnings release next Wednesday, Deutsche Bank is a rare Wall Street bank that is staying on the sidelines in failing to recommend the chipmaker. Nvidia is slated to report results for the fiscal fourth quarter that ended in January after the market closes on Feb. 26. Jensen Huang’s […]
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IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history
General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on […]
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Home sales drop sharply as prices hit an all-time high for January
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, elevated prices and limited supply of listings. Sales of previously owned homes fell 4.9% in January from […]
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Google to be hit with EU charges of breaching Big Tech rules: Reuters
Future Publishing | Future Publishing | Getty Images Alphabet unit Google is set to be charged with breaching EU rules aimed at checking the power of Big Tech after proposed changes to its search results failed to address the EU antitrust regulator’s concerns and those of its rivals, three people with direct knowledge of the matter […]
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Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters The long-running U.S. shortage of Novo Nordisk‘s blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the Food and Drug Administration said on Friday. The FDA’s decision will threaten the […]
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Warren Buffett’s eagerly anticipated annual letter lands Saturday. Here’s what to expect
Warren Buffett is about to address shareholders and countless admirers following a series of market-moving events — a fresh trade war, devastating wildfires as well as a shocking stock-selling spree at his own Berkshire Hathaway . The 94-year-old “Oracle of Omaha’s” must-read annual letter will be released Saturday at 8 a.m. ET along with Berkshire’s […]
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Yankees throw out one of baseball’s most notorious traditions: Players can now grow beards
Anthony Volpe #11, Jasson Domínguez #24 and Paul Goldschmidt #48 of the New York Yankees talk during spring training at George M. Steinbrenner Field on Feb. 19, 2025 in Tampa, Florida. New York Yankees | Getty Images Start spreading the news: For the first time in nearly 50 years, the New York Yankees are allowing […]
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Shortage of Novo’s Wegovy and Ozempic is resolved, FDA website shows
Weight loss syringes of the brands “Wegovy”, “Ozempic” and “Mounjaro” are sold at In der Achat Apotheke in Mitte, Germany. Picture Alliance | Picture Alliance | Getty Images A shortage of Danish drugmaker Novo Nordisk’s popular weight-loss and diabetes drugs, Wegovy and Ozempic, has been resolved, the U.S. Food and Drug Administration’s website showed on […]
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