A box of Ozempic, a semaglutide injection drug used for treating Type 2 diabetes made by Novo Nordisk. George Frey | Reuters Check out the companies making big moves midday. Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic’s kidney disease treatment trial after a committee said
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The artificial intelligence trend isn’t a fad. Companies have been investing in AI for several years. But the technology became front-and-center for investors after Nvidia (NASDAQ:NVDA) did a lot of the heavy lifting for the Nasdaq 100 this year. The growing AI trend can mint many millionaires. If you want to become the millionaire next
BNP Paribas predicts the U.S. might witness a shallow recession between January and July 2024. The global growth outlook isn’t any better. Real global GDP is expected at 2.9% for the year and is likely to decelerate to 2.5% in 2024. Given the economic uncertainties, it’s important to remain cautious and avoid taking excessive risk
Archer Aviation’s (NYSE:ACHR) stock has surged over the past six months, doubling in price since March, thanks to growing interest in flying car stocks. However, it has also attracted a significant number of short sellers and faced criticism. Despite the skepticism, it’s not just “hope and hype” driving the bullish sentiment, and the short side
Drugstore chain Walgreens Boots Alliance Inc. named Tim Wentworth as its new chief executive Tuesday night. Wentworth — the former CEO of pharmacy-benefits manager Express Scripts — first announced the news in interviews with the Wall Street Journal and Bloomberg News. In statement Tuesday night, Walgreens WBA, +0.49% confirmed his appointment, effective Oct. 23. Wentworth
In this article HASI SQ TFC RIVN PEP SKX LHX PLTR Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks past a display of Skechers shoes. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Skechers — The shoe company gained 2.6% after UBS reiterated its buy
With artificial intelligence (AI) showing no signs of cooling, we could see a $1.8 billion opportunity by 2030. AI is expected to help students learn better and faster, already profoundly impacting the medical industry and accelerating drug discovery. It can help detect fraudulent financial transactions, predict company inventory needs, detect potential cyber threats, and can
JPMorgan Chase (NYSE:JPM) is a global banking powerhouse, known for its financial strength and stability. It’s a top Warren Buffett holding and a recent addition to NEAM’s portfolio, indicating strong confidence in its resilience. JPMorgan’s strong financials are supported by high interest rates, robust loan and deposit balances, and the First Republic Bank acquisition. Investment
Due to the consistent decline of broader indices like the S&P 500 this year, it has become apparent that the results for companies in 2024 will be more uncertain than ever. In order to fight against this decline, investing in extraordinary startups may give investors the leg up they need to beat the market, thus
October has just begun, but this month is already shaping up to be scary. The S&P 500 closed last week roughly where the month started, but geopolitical turmoil, economic unease and more are combining to spook markets and investors. Macroeconomic and market-wise risk aside, some companies are susceptible to today’s news and landscape. Those, of
None of the problems that have plagued Disney (NYSE:DIS) for several years appears to have eased recently. Meanwhile, CEO Bob Iger’s efforts to right the ship will not move the needle sufficiently to boost DIS stock, and the firm is facing significant new challenges while its valuation remains elevated. Given these points, I recommend that investors sell
As the curtain fell on September, the stock market lamented its losses. The three major indexes ended last month firmly in the red. The S&P sagged by 4.87%, and the Nasdaq tumbled 5.81%, marking the grimmest monthly decline for the indices since the chilly winds of Dec. 2022. Meanwhile, the Dow shed 3.5%, making it
Apple (NASDAQ:AAPL) got the wind knocked out of its sails last week when KeyBanc Capital Markets analyst Brandon Nispel downgraded AAPL stock from Overweight to Sector Weight, the equivalent of Buy to Hold. It wasn’t a big deal as Apple finished the week up nearly 4%. However, since hitting a 52-week high of $198.23 at
If you’re a long-term investor – as in, you like to keep stocks for five years or longer – then you’ll probably do just fine holding Apple (NASDAQ:AAPL) stock. However, right now it’s not a risk-free investment. Even if Apple has been “magnificent” in the past, the company’s near-term future success isn’t assured. As we’ll discuss,
With GameStop (NYSE:GME) ensconced in a business that looks doomed to contract for the foreseeable future and the company embracing a losing strategy, GME stock looks poised to continue slumping in 2024. Also importantly, the retailer’s new CEO has little experience when it comes to leading brick-and-mortar retailers. In fact, one such company that took
Who will be the next speaker of the House of Representatives: Jim Jordan, Steve Scalise — or Kevin McCarthy? With an internal House Republican meeting set for Wednesday to select their nominee, the focus is on House Judiciary Committee Chairman Jordan of Ohio, House Majority Leader Scalise of Louisiana, and back on McCarthy. McCarthy, the
The new class of weight-loss drugs like Ozempic and Wegovy are having a negligible impact on PepsiCo Inc.’s snacks and beverages business, but the trend of healthier eating is causing customers to seek smaller packages and to consume less sugar and salt. That’s according to Chief Executive Ramon Laguarta, who spoke about the trends on the
Treasury yields continued to move sharply lower into Tuesday afternoon trading, as fed funds futures traders priced in a high likelihood that the Federal Reserve may not raise interest rates again. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y slipped 12.8 basis points to 4.949% from 5.077% on Friday. It was headed for its
The USS Truxtun (DDG-103) destroyer sits in dry dock at the General Dynamics Corp. NASSCO shipyard facility on the Elizabeth River in Norfolk, Virginia, on Jan. 9, 2018. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Spotify — Shares of the music streaming service company fell 2.5%
In this article DIS ZS XOM SPOT OWL Follow your favorite stocksCREATE FREE ACCOUNT An Exxon gas station sign in the Brooklyn borough of New York City, Oct. 6, 2023. Michael M. Santiago | Getty Images Check out the companies making headlines before the bell: Walt Disney — Shares of the media giant rose more