Reported 4 days ago
Mobile Premier League (MPL) in India will terminate approximately 60% of its local staff, around 300 out of 500 employees, in response to the government’s recent ban on paid online games. This law, implemented to address concerns of financial risks and addiction among youth, has led to significant downsizing in the industry, which was previously projected to reach $3.6 billion. MPL's CEO expressed regret over the tough decision and highlighted the impact this change will have on their revenue in India.
Source: YAHOO
Reported 4 days ago
This week, US investors will focus on the upcoming August jobs report, the first since significant revisions in July, against a backdrop of uncertainty at the Federal Reserve. President Trump's efforts to remove Fed governor Lisa Cook have created legal ambiguity, while key labor market data, including job openings and private payroll growth, will also be released. The Fed’s Chair Jerome Powell has indicated a likely interest rate cut, linking the decision to the peculiar state of the labor market, which displays signs of a slowdown. Alongside economic data, the week will feature earnings reports from major companies, making it a critical time for markets.
Source: YAHOO
Reported 4 days ago
Large-cap biotechs are gaining attention from investors due to their potential growth and upcoming portfolios that may compete with traditional pharma companies. Unlike their larger pharmaceutical counterparts, which typically have broader and more diversified technologies, large-cap biotechs focus on specialized areas, often driven by single-technology pipelines. As major pharmaceutical firms increasingly look to invest in these biotech companies, experts believe that some of them could soon stand alongside traditionally established big pharma players, reshaping the industry's landscape.
Source: YAHOO
Reported 4 days ago
Billionaire investor Bill Ackman has allocated 58% of his hedge fund, Pershing Square Capital Management, into just three major companies — Uber Technologies, Brookfield Corporation, and Alphabet. Ackman's strategy involves holding high-conviction positions for the long term, with Uber emerging as the largest investment due to its impressive growth metrics. Despite potential regulatory challenges, Alphabet's stock is seen as undervalued, while Brookfield is expected to experience significant earnings growth in the coming years.
Source: YAHOO
Reported 4 days ago
The article discusses how recent collaborations between apparel brands and celebrities like Bad Bunny and teams from Formula 1 have led to surprising sales increases, despite rising prices due to tariffs. Companies like PVH and Gap are leveraging these partnerships to boost consumer engagement and sales, suggesting that American consumers are more resilient and willing to spend, countering fears of economic downturn as they embrace premium-priced products.
Source: YAHOO
Reported 4 days ago
In a recent interview after Nvidia's strong second quarter earnings, CEO Jensen Huang emphasized that the company's networking sector will play a crucial role in its future growth. He highlighted how the fusion of computing, networking, and software has driven Nvidia's success in AI technology, and expects significant expansion in their networking opportunities.
Source: YAHOO
Reported 4 days ago
With a new iPhone launch on the horizon, many may wonder whether to upgrade or repair their current device. While upgrading to the latest model might seem tempting, repairing your older iPhone can be a cost-effective alternative, extending its life significantly for a fraction of the price. Depending on the age and condition of your phone, you might decide to upgrade, update, or simply repair it. For those with models older than six years, an upgrade is advisable due to software support concerns. For newer models, updating or minor repairs like battery replacements could enhance performance, making it worthwhile to consider methods to save money while maintaining device functionality.
Source: YAHOO
Reported 4 days ago
Media companies are vigorously pursuing licensing deals with popular podcasters and content creators as they seek to enhance their offerings and attract audiences. Recent agreements involve well-known personalities and diverse shows, reflecting a growing recognition of the unique influence and authenticity independent creators have, especially in the context of evolving media consumption habits. As traditional outlets face competition from podcasts and social media, many are adapting to ensure they engage younger viewers while maintaining distinctive voices in their programming.
Source: YAHOO
Reported 4 days ago
The Mexican government has initiated construction of the $540 million Wellness Development Hub in Huamantla, aimed at boosting industry and investment. This is the first of 15 proposed regional centers designed to promote domestic and foreign investments as part of President Claudia Sheinbaum's Plan México, which targets $277 billion in investments by 2030. The hub will occupy 131 acres and is expected to create 300,000 jobs, contributing 1.5% to the country's GDP during Sheinbaum's term. Initial investors include companies from Mexico, Germany, and the U.S.
Source: YAHOO
Reported 4 days ago
Alex Yale, a successful Amazon seller with two seven-figure brands, shares essential tips for aspiring e-commerce entrepreneurs. He emphasizes the importance of sourcing domestically to avoid tariff issues, selling patentable products to outpace competition from Chinese manufacturers, and prioritizing high-quality, problem-solving offerings. His insights highlight the challenges and rewards of entrepreneurship in the increasingly competitive online market.
Source: YAHOO
Reported 4 days ago
Business Insider has been celebrating Wall Street's rising stars over the past eight years, showcasing young executives who are reshaping investment banking, trading, and investing. All under 35, these professionals have made significant contributions, from executing multi-billion dollar deals to pioneering innovative financial products. As the 2025 edition approaches, the article reflects on the impressive careers of past honorees who are now industry leaders shaping the future of finance.
Source: YAHOO
Reported 4 days ago
Source: YAHOO
Reported 4 days ago
Source: YAHOO
Reported 4 days ago
Source: YAHOO
Reported 4 days ago
Source: YAHOO
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Source: YAHOO
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This week, the U.S. jobs report for August and earnings from Broadcom and Salesforce are key events in a trading week shortened by the Labor Day holiday. The labor market's potential weakness and interest rate cut expectations from the Federal Reserve are pivotal concerns, while Broadcom focuses on the growth of AI semiconductors following Nvidia's recent report. Additional market data and earnings reports, including from Figma and Nio, are also anticipated.
Source: YAHOO
Reported 4 days ago
HSBC analyst Rajesh Kumar upgraded Eli Lilly and Company (LLY) from Sell to Hold and increased the price target from $675 to $700, reflecting the company's progress with its oral weight-loss drug, which is expected to gain FDA approval in 2026. This follows a nearly 17% increase in share value since mid-August, after facing a YTD decline of over 5%. The majority of analysts now rate the stock as Buy, with a consensus price target suggesting a potential upside of 23%.
Source: YAHOO
Reported 4 days ago
Oppenheimer has raised its price target for Broadcom Inc. (NASDAQ:AVGO) from $305 to $325, maintaining an Outperform rating as the company prepares for its Q3 results. The analyst anticipates a strong performance driven by Broadcom's leadership in AI networking and custom AI ASICs, serving major clients like Google and Meta. This optimistic outlook aligns with Citi's recent projection of a $315 target and a strong contribution from AI-related revenues.
Source: YAHOO
Reported 4 days ago
Analysts continue to express confidence in Mastercard Inc. (NYSE:MA), highlighting its strong position in the global payments market as the trend towards digital transactions grows. With recommendations from various analysts maintaining Buy ratings and raising price targets, Mastercard is poised to benefit from its robust business model and innovative strategies in cybersecurity and emerging payment technologies. As a leader in the payment industry, Mastercard is expected to sustain its growth momentum, bolstered by consumer spending and a solid global presence.
Source: YAHOO
Reported 4 days ago
Alphabet Inc. (GOOGL) has announced a $9 billion investment in Virginia aimed at bolstering its cloud and AI infrastructure by 2026. The plan includes the construction of a new data center in Chesterfield County and expansions in Loudoun and Prince William counties, solidifying northern Virginia’s status as a data center hub. This investment comes amidst increasing competition in AI infrastructure, with other tech giants like Microsoft, Amazon, and Meta also making significant financial commitments in the sector.
Source: YAHOO
Reported 4 days ago
Piper Sandler has increased its price target for Amgen Inc. (NASDAQ:AMGN) from $328 to $342, while maintaining an Overweight rating. This adjustment follows the company's recent quarterly results, indicating that Amgen is well-prepared to handle the loss of exclusivity for denosumab, and is benefiting from strong performance across its commercial offerings and pipeline advancements.
Source: YAHOO
Reported 4 days ago
Bank of America Securities reaffirms its Hold rating on PDD Holdings Inc. (NASDAQ:PDD) while raising the price target to $141 from $120. Despite strong Q2 results exceeding expectations, concerns linger over the sustainability of profits due to high seasonality and competitive pressures. PDD, a major online commerce group in China, continues to expand its market presence, but analysts suggest that other AI stocks may offer better investment potential.
Source: YAHOO
Reported 4 days ago
BMO Capital analyst Evan Seigerman has maintained a 'Hold' rating on Bristol-Myers Squibb (NYSE:BMY), with a price target set at $47.00. While the company has shown solid prescription growth for its product Cobenfy, it is expected to fall short of revenue expectations for Q3 2025, adding uncertainty to forecasts. The analyst suggests that despite BMY's potential, other AI stocks may offer better investment upside.
Source: YAHOO
Reported 4 days ago
Jefferies has reaffirmed its Buy rating for CVS Health Corporation (NYSE:CVS), setting a price target of $80. The updated rating follows the company’s fiscal Q2 2025 results, where CVS reported an 8.4% increase in revenues to $98.9 billion. Additionally, UBS also upgraded its rating on CVS to Buy with a $79.00 target, highlighting the stock's current undervaluation. CVS operates across various segments, including healthcare benefits and pharmacy services, positioning it as a major player in the health solutions market.
Source: YAHOO