Reported 3 months ago
Heather Boushey, a former adviser to President Biden, argues that while the GOP tax bill may benefit Wall Street, it ultimately harms low and middle-income families across America by offering them fewer tax cuts and increasing their living costs.
Source: YAHOO
Reported 3 months ago
UnitedHealth's stock fell on Wednesday following a report by The Guardian that accused the insurer of covertly paying nursing homes to decrease hospital transfers. This practice allegedly aimed to cut costs for the company. Last week, the stock had already dropped to a five-year low, coinciding with an investigation by the Justice Department into potential Medicare fraud. UnitedHealth has denied the allegations, stating that previous investigations found significant inaccuracies.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Baidu's stock price fell even after the company reported better-than-expected revenues for the first quarter and showcased growth in its artificial intelligence sector, illustrating a disconnect between its financial performance and market sentiment.
Source: INVESTORS
Reported 3 months ago
The European Commission announced plans to eliminate business barriers within the EU to enhance competitiveness in response to U.S. tariffs. These barriers, equivalent to high internal tariffs, hinder cross-border trade and limit smaller businesses. The Commission will identify key obstacles and propose new laws to encourage inter-EU commerce, including standardized qualifications and reduced reporting requirements for mid-cap companies. The initiative targets various sectors like construction, telecommunications, and financial services, with a focus on facilitating professional mobility and reducing compliance costs.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Activist investor Gavriel Kahane, managing partner at Arkhouse, is advocating for significant changes at media conglomerate IAC, founded by billionaire Barry Diller. While Kahane emphasizes a collaborative effort with Diller, he believes IAC could be worth $72 per share if broken up, given its current stock price of around $38 and strong financials, including $1.2 billion in cash. Arkhouse's recent board nominations and the company's cost cuts bolster Kahane's view that IAC is undervalued and poised for transformation.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Ether has rebounded strongly from April's lows, surpassing $2,500, with market value rising and futures open interest increasing in May. While it's uncertain whether the price will continue to rise, consolidate, or retrace, potential news regarding tariffs or international negotiations could impact Ether. No major crypto releases are scheduled this week.
Source: YAHOO
Reported 3 months ago
In Silicon Valley, a fierce battle for top AI researchers is underway among major companies like OpenAI, Google, and xAI, who are offering extravagant salaries and bonuses to attract and retain talent. This recruitment frenzy, fueled by the rapid development of AI technologies, has escalated to levels akin to sports contracts, with researchers being courted by industry elites and receiving offers that can surpass $10 million annually. The competitive landscape is further complicated by the limited pool of exceptional talent, making every hiring decision critical to the companies' success.
Source: YAHOO
Reported 3 months ago
Frustrated Porsche investors are urging CEO Oliver Blume to step down from his dual role as head of Porsche and Volkswagen, following a significant drop in sales, particularly a 42% decrease in China. At the recent annual shareholders meeting, concerns were raised about the viability of having one person manage both companies, as it is believed to negatively impact Porsche's stock value. Investors are calling for immediate action to navigate the challenges posed by retail performance in key markets like China and the U.S.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
VF Corp reported a 5% drop in fourth-quarter revenue to $2.14 billion, missing estimates as tariff uncertainties and a challenging macroeconomic climate led to decreased consumer demand, causing a nearly 11% drop in shares. The company is considering price increases and boosting production to mitigate the effects of tariffs affecting major manufacturing hubs, while efforts to streamline its product line and maintain full prices have not resonated well with consumers.
Source: YAHOO
Reported 3 months ago
Arkhouse, led by Gavriel Kahane, is challenging Barry Diller's IAC by advocating for changes to boost shareholder value. Unlike traditional activist investors, Arkhouse aims to collaborate with management to realize the company's potential, identifying significant undervalued assets within IAC. Kahane discusses his previous efforts to buy Macy's and expresses optimism about IAC's future, emphasizing the need for strategic asset realization and possible restructuring.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
JPMorgan Chase's CEO Jamie Dimon announced that the bank will now allow clients to purchase Bitcoin, marking a significant change from his previous skepticism. While JPMorgan adapts to client demand for digital assets, Vanguard remains cautious, refusing to offer spot Bitcoin ETFs or crypto products. This divergence reflects an evolving landscape in the financial industry as major firms like Morgan Stanley and Bank of America embrace Bitcoin, raising questions about Vanguard's future strategy regarding cryptocurrencies.
Source: YAHOO
Reported 3 months ago
Morgan Stanley strategists predict that US equities will lead a global market rally in the coming months due to improved corporate earnings and a declining dollar. With an optimistic outlook on the Fed's potential interest rate cuts and reduced recession fears, they have raised their year-end S&P 500 target to 6,500 points by mid-2026. While US stocks show recent gains, other regions may lag behind, with a cautious view on emerging markets and Japan. The strategists expect Treasury yields to remain stable until late this year, anticipating more rate cuts in 2026.
Source: YAHOO
Reported 3 months ago
Victoria’s Secret has adopted a shareholder rights plan, known as a poison pill, to defend against a potential hostile takeover by BBRC International, which has significantly increased its stake in the company. This plan, effective for one year, allows Victoria’s Secret to issue rights to shareholders and aims to protect their long-term interests while ensuring that any control changes meet appropriate premium criteria.
Source: YAHOO
Reported 3 months ago
Zelestra与Sungrow达成合作协议，标志着拉丁美洲最大电池储能系统(BESS)之一的里程碑。这项合作旨在提升智利塔拉帕卡的Aurora混合项目，Sungrow将提供其先进的PowerTitan 2.0液冷BESS及中压电力转换单元。该BESS项目的储存容量约为1GWh，是Aurora方案的关键组成部分，预计每年将产生约600GWh的可再生电力，满足20万户智利家庭的年度能源需求。
Source: YAHOO
Reported 3 months ago
Source: WSJ