Author: Press Room
Check out the companies making headlines in midday trading. EVgo — Shares soared nearly 61% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. JPMorgan also upgraded EVgo to overweight . Analyst Bill Peterson pointed to EVgo’s utilization rate compared to peers as well as its owner-operator model. Hims & Hers Health — The health and wellness platform saw shares plunge 9.6% after the U.S. Food and Drug Administration said the shortage of popular Zepbound and Mounjaro weight loss drugs from Eli Lilly has been resolved. Hims & Her Health had previously…
As the East and Gulf Coast ports strike continues for a third day on Thursday, consumer fears over product shortages have led to panic buying along the East Coast and Gulf Coasts, with shoppers buying up toilet paper and other household items, leaving barren shelves in their wake.The National Grocers Association, which represents more than 1,500 members in the independent supermarket sector — family-owned or privately-controlled food retail companies — told CNBC it is conveying to the public the need to remain calm. Nationally, there are more than 21,000 independent grocery stores in the United States, generating more than $250…
Starbucks’ Howard Schultz, who was interim CEO at the time, broke federal labor law in 2022 by telling a California barista who raised concerns about unionization that “if you’re not happy at Starbucks, you can go work for another company.” A decision by the National Labor Relations Board on Wednesday said Schultz’s statement was an unlawful, coercive threat. The decision underscores the fractious relationship Starbucks has had with organized labor as more and more workers at its stores unionize. In 2022, when Schultz was interim CEO, he attended a company event in Long Beach, California, to address and improve working…
Bitcoin’s bull market cycle is accelerating, CoinMarketCap says. It’s running 100 days ahead of its typical four-year cycle. This raises the possibility of a “super cycle” fueled by institutional adoption, ETFs, and changing market dynamics. Read the full article here
This article was written byFollowMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Michael takes a macro-value-oriented approach to investment analysis and prides himself in being able to make investment recommendations based on cross-industry analysis.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseDonald Trump touted his pro-fossil fuel agenda and accused President Joe Biden of holding back the US’s oil and gas industry on Wednesday during a closed-door meeting in Midland, Texas, where he courted deep-pocketed industry barons for cash. At a private fundraiser in the west Texas oil city, where tickets went for almost $1mn each, the Republican presidential candidate told donors the US “could not be in a worse position as far as energy security goes”, according to people…
Election officials in Georgia, North Carolina and Florida are working quickly to ensure voters can still securely cast early ballots, despite the devastating storm impacts of Hurricane Helene that have in some cases left them without power, water and cell service. Potential solutions in the affected counties of the three states, which could determine the White House, could include extra polling places, extending early voting and making it easier to drop off mail ballots. “We have no power. We have no water. Cell service is limited, so right now the concern is a delay in getting the absentee ballots mailed out,…
The self-employed have the potential to earn more, and build wealth faster than a traditional employee, if their business allows. If not managed correctly, though, a solo owner can also find themselves well behind retirement unless they take proper steps to save. This reality was highlighted again with new research looking at the self-employed savings levels out of the United Kingdom. The UK, which has a public pension plan, encourages employees and business owners alike to fund their retirement. According to new research by the UK’s Institute for Fiscal Studies, only 20% of those making 10,000 pounds ($13,362) or more…
Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically sensitive corners of the market such as industrials. That’s because lower rates are typically good for businesses’ capital expenditure levels. And yet a recent pair of research reports on industrials – from Deutsche Bank and Barclays – paints a decidedly mixed view on Dover and the group overall, which includes…
Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected. Shares of Levi’s fell more than 8% in extended trading Wednesday.Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 33…
