Business
Home services company Porch Group can go up 80% from here, JPMorgan says
Porch Group ‘s business-to-business strategy sets the software company apart in the home services and insurance industry, according to JPMorgan. Analyst Cory Carpenter initiated coverage of Porch Group with an overweight rating, saying in a Monday note that the home concierge company has differentiated itself. “While most home services and InsurTech platforms are DTC, PRCH […]
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Eli Lilly’s ‘game-changing’ diabetes drug could boost the stock, SVB Securities says
Eli Lilly ‘s new diabetes drug, which may also address obesity in patients, could lead to even more gains for the company’s stock, according to SVB Securities. Analyst David Risinger initiated coverage of Eli Lilly with an outperform rating, saying in a Sunday note that investors are failing to price in the potential of tirzepatide, […]
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Pfizer says third Covid vaccine shot for kids under 5 is 80% effective against omicron
A healthcare worker administers a Pfizer-BioNTech Covid-19 vaccine to a child at vaccination site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images Pfizer and BioNTech’s three-dose Covid vaccine for children six months to 5-years-old was 80% effective at preventing illness during the omicron wave, according […]
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Slowing demand for PCs will limit HP’s upside, Citi says
Slowing consumer demand for PCs will mean limited upside for HP from here, according to Citi. Analyst Jim Suva downgraded HP to neutral from buy, saying in a Monday note that a higher inflationary environment is expected to moderate sales of laptops and desktops in the near to mid term. “[C]hallenging PC shipment growth and […]
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China demand must remain weak or we’ll have big trouble in the oil markets, IEA chief says
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in the years ahead. Imaginima | E+ | Getty Images The executive director of the International Energy Agency spoke of the current challenges facing […]
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Hyundai plans $5 billion investment in U.S. on mobility technology such as autonomous driving and robotics
Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first […]
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SpaceX looks to raise $1.7 billion in new funding, boosting its valuation to $127 billion
A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion. The space venture is looking to bring in up to $1.725 billion in new capital, at a […]
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The grand ‘work from anywhere’ experiment got a few things wrong. Here’s how companies are fixing it.
Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by […]
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Prices are surging, but people are still paying top dollar to watch live sports
People are changing their spending habits as prices surge at rates not seen in four decades, making choices that favor experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad […]
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More people are dying on U.S. roads, even as cars get safer. Here’s why it’s a tough problem to solve
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on sale in the U.S. today are the safest and most advanced ever made, yet roadway fatalities last year reached […]
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