Month: November 2023

C3.ai (NYSE:AI) experienced significant growth due to AI hype, with its stock tripling during the ChatGPT AI wave. However, skepticism surrounds AI stock amid the stock’s high short interest. The company’s financials and outlook raise doubts about its potential for improvement, suggesting a further decline in its stock may be likely. C3.ai positions itself as
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The tainted eye drops that the Food and Drug Administration recently warned people to stop using ASAP have reportedly been traced back to a factory in India.  The more than two dozen affected eye-drop brands sold by retailers like Walmart, CVS, Target and Rite Aid were made by Kilitch Healthcare India Ltd. in Navi Mumbai,
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Apple (NASDAQ:AAPL) has surged 40% year-to-date, garnering a “buy” rating from analysts, with an updated target price of $187.73. In the consumer electronics sector, Apple has continued to remain the dominant force, providing continued innovation in key areas many view as the next profit centers for the company. The company has historically generated value through
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The U.S. arm of the Industrial & Commercial Bank of China was hit by a ransomware attack, reportedly causing disruptions to the U.S. Treasury market. ICBC 1398, -0.81%, the world’s largest bank by assets, announced Thursday that U.S.-based ICBC Financial Services “experienced a ransomware attack that resulted in disruption” to certain internal systems on Wednesday.
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Recent jobs data suggest a cooling labor market. While unfortunate for job-seekers, this trend sparks optimism among investors that the central bank’s rake hiking cycle may have reached its conclusion since its start in 2022. Additionally, The Federal Reserve’s central objective has been to promote labor market improvement in tandem with the broader economy. Often
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General Motors (NYSE:GM), along with Ford (NYSE:F) and Stellantis (NYSE:STLA), is one of the Detroit Three group of American automakers. All three companies experienced financial and operational setbacks due to the United Auto Workers (UAW) strike in October. However, now that General Motors has seemingly resolved its dispute with the autoworkers, investors can expect GM stock
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There’s no denying that Nvidia (NASDAQ:NVDA) is favored among investors in 2023. That’s mainly because of the company’s prominent status as a manufacturer of processors for artificial intelligence applications. Yet, NVDA stock might not be a market darling for much longer. This doesn’t mean you have to dump your Nvidia shares, but just be aware of the issues
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