Month: March 2025
Stocks making the biggest moves midday: General Motors, Novo Nordisk, Kenvue, CrowdStrike and more
Check out the companies making headlines in midday trading: Box — Shares declined more than 3% after the cloud storage company’s top-line guidance fell short of estimates. Box sees first-quarter revenue coming in between $274 million and $275 million, while analysts polled by LSEG expected $279.5 million. Box’s fourth-quarter revenue of $280 million exceeded Wall […]
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It’s a great time to buy defense stocks as DOGE cuts fears are overblown, says Citi
Citi Research thinks the market is failing to correctly price aerospace and defense stocks, leaving open a huge opportunity to buy the dip amid signs of defense spending growth. Defense stocks have taken a hit in recent weeks given uncertainty tied to DOGE’s cost-cutting efforts and President Donald Trump’s mixed messages on his trade and […]
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Trump tariffs live updates: U.S. could exclude auto industry, White House expected to make announcement
Bloomberg: U.S. weighing one-month delay on auto tariffs The U.S. administration is considering delaying tariffs on automobiles from Mexico and Canada by one month, Bloomberg News reported, citing people familiar with the matter. Administration officials met with the heads of Ford, General Motors and Stellantis on Tuesday, with another meeting set for Wednesday, the Bloomberg […]
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These are the most competitive rental markets in the U.S.
Residential apartment buildings in the Brooklyn borough of New York, US, on Wednesday, July 17, 2024. Yuki Iwamura | Bloomberg | Getty Images New apartment construction hit a record high last year, but all that new supply is apparently not enough to cool the competition in the market. Getting a rental is actually becoming even […]
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All negative economic data is ‘Biden data’ and Trump will fix the economy, Commerce chief Lutnick says
US President Donald Trump acknowledging the crowd following his inauguration as the 47th President of the United States in the rotunda of the United States Capitol in Washington, DC, USA, 20 January 2025. Shawn Thew | Via Reuters Commerce Secretary Howard Lutnick argued Wednesday that former President Joe Biden — not his boss, President Donald […]
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Novo Nordisk offers Wegovy for less than half the price through new direct-to-consumer pharmacy
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images Novo Nordisk on Wednesday said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online pharmacy. The cash-pay offering is available to millions of patients […]
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Amazon’s One Medical CEO stepping down after less than two years at helm
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images One Medical CEO Trent Green will step down from the Amazon-owned primary care provider after less than two years in the role. Green is leaving One Medical to become CEO of […]
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Kenvue settles proxy fight with activist Starboard, adding three directors to its board
Kenvue settled its proxy fight with activist Starboard Value, adding three new directors to its board. Starboard’s Jeff Smith will join the board of the Johnson & Johnson spinoff, along with Sarah Hofstetter, president of Profitero, an eCommerce performance analytics platform, and Erica Mann, former head of pharmaceutical company Bayer’s consumer health division. “Sarah’s brand […]
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Amgen starts two critical late-stage trials for weight loss drug MariTide
The Amgen logo is displayed outside Amgen headquarters in Thousand Oaks, California, on May 17, 2023. Mario Tama | Getty Images Amgen on Wednesday said it has started two critical late-stage trials for its experimental weight loss injection MariTide, another step in its bid to enter the booming obesity drug market. “We’re delighted to share […]
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CrowdStrike slumps 10% on weak earnings outlook, overhang from outage costs
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images CrowdStrike shares dropped 10% after issuing weak earnings guidance as the company signaled ongoing pressure from its global IT outage that rattled businesses in July. The cybersecurity […]
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