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Nvidia Hit With Antitrust Probe in China, Stock Slides
Monday, December 9, 2024 - 9:38am | 597Nvidia Corp (NASDAQ:NVDA) stock slid in the premarket Monday after a Chinese regulator said it was investigating the chipmaker over a possible breach of the country’s antitrust regulations. The State Administration for Market Regulation alleged the chip designer violated its obligations...
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Campbell's Analyst Bearish After Q1 Mixed Results
Wednesday, December 4, 2024 - 3:59pm | 337BofA Securities analyst Peter T. Galbo reiterated an Underperform rating on Campbell’s Co. (NASDAQ:CPB), with a price target of $46. The company’s first-quarter net sales of $2.77 billion were slightly below estimates, with organic sales down 1% YoY, impacted by lower volume/mix and...
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Amazon Emerges As Top Analyst Pick In Holiday Season
Wednesday, December 4, 2024 - 3:12pm | 713JP Morgan analyst Doug Anmuth named Amazon.Com Inc (NASDAQ:AMZN) the top pick following a solid start to the early holiday shopping season. Early holiday 2024 data points suggest solid U.S. e-commerce growth, with third-party estimates indicating U.S. e-commerce Cyber Week sales growth mainly in...
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Southland Holdings Lands $60M Wastewater Deal: Details
Wednesday, December 4, 2024 - 1:32pm | 353Southland Holdings, Inc. (AMEX:SLND) shares are trading marginally lower on Wednesday. The company announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $60 million contract to construct a new wastewater treatment plant in the Southwest. The scope of...
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Mastercard Settles UK Antitrust Lawsuit For $250 Million
Wednesday, December 4, 2024 - 1:24pm | 561Mastercard Inc (NYSE:MA) has agreed to settle a $250.35 million (200 million pounds) lawsuit filed by millions of U.K. consumers alleging that the company unfairly imposed exorbitant fees on card transactions. The Financial Times cites familiar sources as saying the credit card company faced a...
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Netflix Tops 10 Million Subscribers In Japan
Wednesday, December 4, 2024 - 11:39am | 552Netflix Inc’s (NASDAQ:NFLX) Japan subscribers crossed the 10 million mark in the first half of 2024, doubling in the last four years, as the streaming giant’s Japanese-language content, including “Tokyo Swindlers,” “The Queen of Villains” and “The Boyfriend...
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Bitcoin, Ethereum ETFs Recorded Over $800 Million In Inflows On Tuesday
Wednesday, December 4, 2024 - 10:51am | 537Bitcoin (CRYPTO: BTC) spot ETFs recorded a total net inflow of $676 million on Tuesday, marking the fourth consecutive day of inflows. What Happened: Among the major players, BlackRock‘s IBIT (NASDAQ:IBIT) ETF led with an impressive daily net inflow of $693 million, while Fidelity‘s (...
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What's Going On With Magnificent 7 Stocks?
Tuesday, December 3, 2024 - 8:01pm | 502Aswath Damodaran, finance professor at New York Univerisity’s Stern School of Business, told Bloomberg Television on Monday that he recommends buying any of the Magnificent Seven stocks on dips. What To Know: Corrections will occur and "I'd suggest that when that happens you find a way to...
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VA Funds $1.5M MDMA Study To Treat PTSD In Veterans
Tuesday, December 3, 2024 - 3:14pm | 454Veterans Affairs (VA) has announced a $1.5 million grant to study MDMA-assisted therapy for veterans with PTSD and alcohol use disorder, marking the first VA-funded psychedelic research in over 50 years. In January 2024, the VA first revealed plans to fund studies on the use of psychedelic...
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Tesla Vs. BYD: The EV Duel Heats Up
Tuesday, December 3, 2024 - 3:07pm | 864In the electric vehicle (EV) battle, Tesla Inc. (NASDAQ:TSLA) and BYD Co Ltd (OTCPK: BYDDF) (OTCPK: BYDDY) are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and...
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Marvell Stock Builds Momentum Ahead Of Q3 Earnings
Tuesday, December 3, 2024 - 2:54pm | 480Marvell Technology Inc (NASDAQ:MRVL) will be reporting its third-quarter earnings on Tuesday. Wall Street expects 41 cents in EPS and $1.46 billion in revenues as the company reports after market hours. The stock is up 86.35% over the past year, 42.09% over the past six months. Let’s look at...
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RFK Jr.'s Anti-Science Views 'Could Be Very Dangerous' For Psychedelics Movement Says Michael Pollan
Tuesday, December 3, 2024 - 1:56pm | 662Michael Pollan, the celebrated food reform advocate, stirred controversy this week after sharing an article on Robert F. Kennedy Jr. in The American Conservative. In a recent interview with Politico, Pollan discussed the nuances of his views on RFK Jr., especially when it comes to Kennedy's stance...
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ZJK Industrial Surges On Nvidia Liquid Cooling Collaboration (UPDATED)
Tuesday, December 3, 2024 - 12:41pm | 421Editorial Note: The headline has been adjusted to accurately reflect the collaboration with Nvidia. ZJK Industrial Co (NASDAQ:ZJK) stock surged Tuesday after it announced significant progress in its collaboration with Nvidia Corp (NASDAQ:NVDA). Following a recent meeting with Nvidia, the chip...
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EXCLUSIVE: Why Bitcoin Cannot Crack $100,000 Just Yet
Tuesday, December 3, 2024 - 8:18am | 506Bitcoin's (CRYPTO: BTC) struggle to cross the $100,000 mark is due to profit-taking, derivatives data and historical trends, analysts tell Benzinga. Bitcoin is currently trading at $94,870, down 0.4% for the day, according to data from CoinGecko. Avinash Shekhar, co-founder and CEO of Pi42, told...
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US Announces $725 Million Arms Package For Ukraine
Monday, December 2, 2024 - 7:45pm | 464The Pentagon announced Monday the latest arms package for Ukraine totaling $725 million, the largest since a $1 billion package in April. The arms package will include the second shipment of antipersonnel mines that President Joe Biden authorized. According to a Bloomberg report, the latest arms...