Author: Press Room

Check out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from hold, saying investors should buy the dip. Cava has a “long runway to growth,” the firm said. Shares are up 44% year to date, but they have dropped 11% this month. Nvidia — Shares rose 1.7% as the “Magnificent Seven” leader tried to claw its…

A potato chip commercial that features nuns receiving the crispy snacks for communion is “blasphemy” and should be taken off the air, according to an Italian Catholic organization. The spot by Amica Chips features doe-eyed young nuns inside a convent delighting that their communion wafer, known as the host, is actually a potato chip. A mother superior figure looks on as the nuns giggle, and it is revealed that it was her that substituted the hosts for potato chips in the box where communion wafers are kept, called a tabernacle. Catholics believe the communion wafer represents the body and blood…

Last updated: April 10, 2024 12:17 EDT | 2 min read In the dynamic realm of cryptocurrencies, BlockDAG is taking center stage, fueled by the excitement surrounding its second whitepaper release. This anticipation is driven by predictions of an ROI reaching 20,000x, bolstered by a formidable $15.5 million amassed during its presale. This achievement is a testament to BlockDAG’s potential and showcases its significant impact, which is highlighted by a notable display on the Las Vegas Sphere. As a result, BlockDAG is rapidly emerging as a significant competitor, challenging the latest advancements from Cardano and Chainlink with its innovative approach.Cardano’s…

Singles in many big US cities need a nearly six-figure salary to live “comfortably,” per SmartAsset.That figure jumps to almost $140,000 for New York, $125,000 for Boston, and $111,000 for Los Angeles.A family of four has to bring in over $300,000 to be comfortable in the most expensive cities. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A single person needs to earn more than $96,000 a year to live comfortably in many major US cities, calculations by SmartAsset found.This jumps to nearly $140,000 for New York City,…

Paul Hourican, TikTok’s global head of music partnerships and programming, is leaving the company, the executive confirmed to Business Insider.Hourican joined TikTok around four-and-half years ago in London as an executive heading up the company’s UK music operations. From there, he jumped into a role overseeing its European music operations before expanding into a global leadership position on the music team.In his global role, Hourican oversaw music initiatives like the company’s December “TikTok In The Mix” live concert event while also working with the product teams to roll out music features for artists, such as its artist verification tool kit.”When…

Early in 2023, I called shares of Tradeweb Markets Inc. (NASDAQ:TW) a quality name, trading at a price which reflected these qualities. The company has proven to be a stable grower, and subsequently has been awarded premium valuations over time, as I failed to see appeal early last year when shares were trading in the $70s. A year later, shares broke the $100 mark as the company has seen strong momentum of its own, interest rates have fallen, and the business has made a nice bolt-on deal here. All this makes me upbeat here from a business perspective, if not…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Arizona’s highest court has upheld a 160-year-old law banning nearly all abortions, a radical move in a critical swing state that could decide who wins the White House in November.The state supreme court on Tuesday ruled that an 1864 ban on all abortions, except those aimed at saving a woman’s life, is now enforceable. The law does not include exceptions for women’s health, or for victims of rape or incest. It carries a penalty of up to five years in prison for…

The Biden administration is preparing to take the unusual step of issuing an order that would prevent US companies and citizens from using software made by a major Russian cybersecurity firm because of national security concerns, five US officials familiar with the matter told CNN. The move, which is being finalized and could happen as soon as this month, would use relatively new Commerce Department authorities built on executive orders signed by Presidents Joe Biden and Donald Trump to prohibit Kaspersky Lab from providing certain products and services in the US, the sources said. US government agencies are already banned from…

Agiliti, Inc. (NYSE:AGTI) has reported a sale of common stock by EVP & General Counsel Lee M. Neumann. According to the latest SEC filing, Neumann sold 4,685 shares at a price of $10.07 per share, totaling approximately $47,177. The transaction took place on March 20, 2024, and was executed under a prearranged 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. Investors tracking insider transactions may note that following the sale, Neumann still holds 34,614 shares of Agiliti, indicating a…

By Divya Rajagopal TORONTO (Reuters) -Canada is concerned about market manipulation and dumping in key metals used in electric vehicle batteries, a federal Canadian minister told Reuters, adding the country wants to explore a U.S.-mooted alternative pricing model. Canada, along with Australia and the U.S., is looking to develop its critical mineral supply chain to break the monopoly of China which controls over 90% of key metals that are crucial for energy transition. “There will be significant incremental demand for critical minerals going forward, but we do have some challenges right now with prices and clearly we are concerned about…