Two Of America’s Biggest Companies Have Made A ‘Massive Bet’ On China: ‘They Can’t Just Abandon…’ Says Wedbush’s Dan Ives

Two of America’s biggest companies, which have made “massive” bets on China, Tesla Inc. (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL), cannot abandon the country just because they’re undergoing a “white-knuckle” period, says top analyst Dan Ives. What Happened: Tesla and Apple are both currently experiencing the impact of an economic slowdown in China and growing competition […]

Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a […]

Game-Changing Deal: eBay, Collectors Ink Agreement To Boost Trading Card Hobby

eBay Inc (NASDAQ:EBAY) has entered into a definitive agreement for a series of transactions with Collectors, the parent company of PSA, the third-party authentication and grading provider in the collectibles industry. The agreements include a commercial agreement, the sale of Goldin from Collectors to eBay, and the sale of the eBay vault from eBay to PSA. The financial […]

Microsoft to invest $2.9 billion to expand AI, cloud infra in Japan

TOKYO (Reuters) -Microsoft said on Tuesday it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan, the latest in a series of overseas expansions by large tech firms to support the development of artificial intelligence. The investment – the company’s largest in the 46 years of its operations […]

Palatin Technologies Eyes Growing $6B Dry Eye Disease Market

On Monday, Palatin Technologies Inc. (NYSE:PTN) announced the presentation of topline results for its Phase 3 PL9643 MELODY-1 trial, which evaluated the safety and efficacy of PL9643 versus vehicle in the treatment of dry eye disease (DED) at the American Society of Cataract and Refractive Surgery. The company released the mixed topline data in February 2024. The presentation included […]

Jim Cramer: Rocket? Time To ‘Ka-Ching, Ka-Ching’

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he didn’t like the last quarter of GitLab Inc. (NASDAQ:GTLB). “I went over it with a fine tooth comb. There was nothing there that made me feel terrific about a high multiple stock,” he added. On April 1, Truist Securities analyst Joel Fishbein reiterated GitLab with […]

Health On Demand: Uber Eats Partners With The Vitamin Shoppe

Uber Technologies Inc (NYSE:UBER) has entered into a new nationwide partnership with The Vitamin Shoppe, bringing the New Jersey-based health and wellness retailer’s selection to the Uber Eats app. About 700 locations of The Vitamin Shoppe and Super Supplements are now available for ordering on Uber Eats across the U.S. The Vitamin Shoppe and Super Supplements stores offer […]

U.S. Takes Next Step In Medicare Drug Price Negotiations With Pharma

WASHINGTON (Reuters) – The Biden administration said on Tuesday it has responded to offers from the manufacturers of 10 high-cost drugs selected for the U.S. Medicare program’s first-ever pricing negotiations, but provided no details. Part of 2022’s Inflation Reduction Act allows Medicare to negotiate prices for prescription drugs that had been particularly expensive for the […]

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    Two Of America’s Biggest Companies Have Made A ‘Massive Bet’ On China: ‘They Can’t Just Abandon…’ Says Wedbush’s Dan Ives

    April 12, 2024

    Two of America’s biggest companies, which have made “massive” bets on China, Tesla Inc. (NASDAQ:TSLA) and Apple Inc. (NASDAQ:AAPL), cannot abandon the country just because they’re undergoing a “white-knuckle” period, says top analyst Dan Ives. What Happened: Tesla and Apple are both currently experiencing the impact of an economic slowdown in China and growing competition […]
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