Avi Kapoor | April 11, 2024
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 […]
Shivani Kumaresan | April 10, 2024
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 […]
Reuters | April 9, 2024
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 […]
Vandana Singh | April 8, 2024
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 […]
Avi Kapoor | April 5, 2024
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 […]
Shivani Kumaresan | April 4, 2024
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 […]
Reuters | April 3, 2024
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 […]
Avi Kapoor | April 2, 2024
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Susquehanna boosted the price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $160 to $180. Susquehanna analyst Mehdi Hosseini maintained a Positive rating. Taiwan […]
Reuters | March 28, 2024
By Suzanne McGee and Hannah Lang (Reuters) – Inflows into the nine recently launched exchange-traded funds (ETFs) tied to bitcoin have resumed their upward trajectory this week after the cryptocurrency’s price bounced back from its dip last week. “The resumption in bitcoin’s strong performance is sparking renewed interest in the ETFs,” said Todd Rosenbluth, head […]
Reuters | March 27, 2024
By David Shepardson and Jack Kim NEW YORK/SEOUL (Reuters) -Hyundai Motor Group said on Wednesday it will invest 68 trillion won ($51 billion) over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other established automakers are […]