Author: Press Room
People like to hunt for treasure along the Southern California coast. Amid the sunbathers, surfers and castle builders, it’s not uncommon to see beach hunters sweeping metal detectors over the sand. But not all the great finds are hidden underneath the sunbaked surface. Some are in plain sight, such as this awe-inspiring beach house right on the sand in Del Mar. Priced at US $14.95 million, the home combines appealing contemporary design, high-quality finishes and abundant outdoor space. The ocean-facing façade makes an immediate impression with sleek clean lines, walls of glass and sophisticated accent lights. An oceanfront patio with…
A high-stakes inflation report due Wednesday is expected to show that price pressures within the economy remained strong last month despite an aggressive interest rate hike campaign by the Federal Reserve. Economists expect the consumer price index, which measures a basket of goods, including gasoline, health care, groceries and rent, to show that monthly prices rose 0.2% in March, down slightly from an increase of 0.4% February. On an annual basis, inflation is projected to have climbed 5.1% at an annual rate, a decline from 6% the previous month and a peak of 9.1% in June. While that would mark the…
Check out the companies making headlines before the bell Wednesday.Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm assigned the company a price target of $65 per share, implying a 45.1% upside from Tuesday’s close. Triton International, Brookfield Infrastructure — Triton’s shares soared by more than 28% in early morning trading on news the company will be acquired by Brookfield Infrastructure. Triton shareholders will receive consideration valued at $85 per share in cash and stock. Brookfield’s stock price gained 2.15% on the announcement. MongoDB — The software company’s stock price…
Today’s housing market is so pricey that homebuyers are highly sensitive to any distinct moves in mortgage rates. And that’s what happened last week. Rates dropped, and buyers dove in.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.30% from 6.40%, with points decreasing to 0.55 from 0.59, including the origination fee, for loans with a 20% down payment, according to the Mortgage Bankers Association. That was a weekly average decline, but a sharper, one-day drop smack in the middle of the week was likely the impetus for demand.”Incoming data last…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused by the fear of imminent collapse. In January and February, trading in First Republic Bank (FRC) stock was outright sleepy. Retail investors averaged just about $20,000 in daily net…
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Tuesday April 11th 2023 – DeeLance, a Metaverse-based commercial interface platform that facilitates various functions such as human resource and supply chain management, has raised $100,000 from investors in just one week.Token buyers today, at a price of $0.025, will see a paper gain of 112% when the $DLANCE token lists on exchanges at a price point of $0.053.On April 10th, the DeeLance team took part in a Binance Live AMA with Crypto Jamie, which you can catch up with for the latest project developments.DeeLance brings economic actors together in a marketplace where business gets done in revolutionary new and…
It’s been a tumultuous period for Quinn Emanuel, the world’s largest litigation firm. Business has been great. In the past year, the firm has represented Elon Musk in his takeover of Twitter and FTX in the crypto exchange’s bankruptcy proceedings. It’s in discussions to represent Credit Suisse investors against the Swiss government. But behind the scenes, a shift in power at QE has been the talk of elite law firm circles. Last year, the firm installed two comanaging partners to serve alongside its founder John Quinn — marking the first time in the firm’s 37 years that Quinn would share the helm…
Tesla employees shared videos captured by owners’ cars on an internal messaging system, Reuters reported. A former Autopilot worker told Insider it was like having access to “god’s eye.” Tesla did not return a request for comment from Reuters or Insider. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Tesla employees peered into customers’ personal lives and garages using the suite of cameras built into owners’ vehicles, Reuters reported on Thursday. From 2019 to 2022, some Tesla workers circulated humorous, shocking, or invasive videos on…
Background Halozyme Therapeutics (NASDAQ:HALO) is an innovative biopharmaceutical company that has developed a unique platform technology, ENHANZE, that allows for the subcutaneous delivery of biologics, which has the potential to revolutionize the way we deliver and administer life-saving drugs. With several major partners, including Roche (OTCQX:RHHBY), AbbVie (ABBV), and Bristol-Myers Squibb (BMY), the company has the potential to generate significant revenue from royalty payments and milestone payments. Why ENHANZE technology is a real deal Halozyme IR deck (Halozyme IR deck) Halozyme’s drug delivery technology, called Enhanze, enables the subcutaneous delivery of biological drugs. Biologics are large, complex molecules produced using…
