Business
-
Meta begins third round of layoffs: reports
Meta Platforms Inc. has started to execute on its latest round of layoffs, according to reports. The third round of cuts is part of a plan that Meta META Chief Executive Mark Zuckerberg announced in March in an effort to further slash costs at the social-media company. He said at the time that Meta would…
-
Citi to pursue IPO of Banamex business, resume ‘modest level’ of stock repurchases
Citigroup Inc. announced Wednesday that it decided to pursue an initial public offering (IPO) of its “Banamex” consumer, small business and middle-market banking operations in Mexico. The banking giant said the business will keep its name Banco Nacional de México (Banamex) after the IPO, which is expected to take place in 2025. The IPO will……
-
‘There is no other China, there is only one China’: Nvidia CEO warns of ‘enormous damage’ if China chip war escalates.
That’s Nvidia Chief Executive Jensen Huang, who said he sees the potential for “enormous damage” to U.S. companies if the chip war with China escalates. He made the comments in a recent interview with the Financial Times, cautioning lawmakers to think about the implications of further Chinese trade restrictions. “If we are deprived of the……
-
Paramount’s stock nabs an upgrade as company could depart from ‘money-losing strategies’
Wolfe Research analyst Peter Supino ended his bearish call on Paramount Global Inc. recently following the announcement that majority shareholder National Amusements obtained a $125 million preferred equity investment. Supino upgraded Paramount’s stock PARA, +6.37% to peer perform from underperform late Friday, writing that he no longer sees the “negative asymmetry” required for a bearish…
-
This big mover up over 130% in premarket ?
Here are our top investing ideas today – these setups look primed! And make sure to put Jeff William’s complimentary Market Navigator day on your calendar for tomorrow (scroll down for info). ACON – Up over 130% in pre-market after commercial agreement with The London Clinic and London Spine Clinic GOTU – Up over…
-
Coinbase CEO: Crypto’s future is a matter of national security.
The cryptocurrency market has had some recent turbulence. That might make it tempting for policy makers to write it off as an unstable asset class. But they’d be missing the bigger picture. Failing to see that crypto is about much more than individual transactions risks America’s time-honored role as the global financial leader and an…
-
Bud Light troubles prompts call to buy stocks of Boston Beer, Constellation Brands
Bud Light’s recent troubles should worsen in the summer, to the benefit of its competition’s brands, enough to turn Roth MKM analyst Bill Kirk bullish on the stocks of Constellation Brands Inc. and Boston Beer Co. Inc. Kirk raised on Tuesday his rating on Modelo, Corona, Pacifico beer parent Constellation Brands to buy, after being…
-
From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI.
With lawmakers bringing a debt-ceiling deal back from the brink over the holiday weekend, Wall Street looks ready to show its appreciation with a fresh 10-month high possible for the S&P 500 SPX on Tuesday. Once we get through that, though, expect the focus to pivot quickly to fresh jobs numbers on Friday. Those gains…
-
My brother-in-law is being honored by a charity, but tickets for the ceremony cost $375. Should he offer to pay for my ticket?
Dear Quentin, My brother-in-law is being honored by an organization that provides medical assistance to children of families who can’t afford their treatments. I was included on the email invitation, and the ticket price is $375 per person. I feel that it is unfair to ask an individual to incur such an expense. I feel…
-
Wall Street tech darling Nvidia unveils more AI products — including a new supercomputer
Wall Street clearly hasn’t seen anything yet. Nvidia Corp., the chip manufacturer that investors can’t seem to get enough of, announced a flurry of dazzling AI-related products over the weekend, including a new supercomputer, alongside plans to make online gaming figures come alive. “We’re now at the tipping point of a new computing era with…