September 10, 2024 8:14 am
Spot Gold was little changed just above the $2,500 per troy ounce mark on Tuesday ahead of the essential US CPI inflation data that could provide further clues over the size of the potential interest rate cut by the Federal Reserve this month. Annual headline consumer inflation in the United States probably eased to 2.6% […]
Read moreSeptember 9, 2024 8:59 pm
SM Energy Company (NYSE: SM) said on Monday that it had appointed Beth McDonald as Executive Vice President and Chief Operating Officer, effective September 9th. Most recently, McDonald was Executive Vice President – Strategic Planning, Field Development and Marketing at Pioneer Natural Resources Company. “We are delighted to welcome Beth to our executive team. She […]
Read moreSeptember 9, 2024 12:47 pm
J.P.Morgan has raised its rating on Amneal Pharmaceuticals Inc’s (NASDAQ: AMRX) stock to “Neutral”, as the bank cited progress in revamping business operations. According to J.P.Morgan, Amneal Pharmaceuticals’ generic drug business is generating “solid growth”, with a move away from oral solid medications and towards complex products and biosimilars. The Wall Street bank noted that […]
Read moreSeptember 9, 2024 11:38 am
Lululemon Athletica Inc’s (NASDAQ: LULU) Chief Executive Officer Calvin McDonald has expanded his stake in the sportswear maker with the purchase of 4,000 shares last week, a SEC filing showed. The shares were acquired at a price of $260 each, while the total value of the deal was $1.04 million. As a result of the […]
Read moreSeptember 9, 2024 9:24 am
Piper Sandler has upgraded the stock of Intra-Cellular Therapies Inc (NASDAQ: ITCI) to “Overweight”, as it highlighted sales potential for Intra-Cellular’s Caplyta. The investment bank also revised up its 12-month price target on the shares to $92.00 from $68.00. According to Piper Sandler, a survey of 25 psychiatrists showed that the patient/prescription volume footprint for […]
Read moreSeptember 9, 2024 7:53 am
XWELL Inc (NASDAQ: XWEL) said that it had appointed Ezra T. Ernst as its next Chief Executive Officer. Ernst is to succeed Scott Milford, who will remain with the company as a consultant through the end of this year. Most recently, Ezra T. Ernst served as CEO of XWELL brands XpresCheck since January 2022 and […]
Read moreSeptember 6, 2024 9:06 am
Susquehanna has downgraded the shares of Evertec Inc (NYSE: EVTC) to “Negative” from “Neutral”, as it cited margin pressure. The firm also revised down its 12-month price target on the stock to $28.00 from $38.00. “Appropriately, the company has been expanding its Total Addressable Market beyond its heritage relationship with its former parent Banco Popular […]
Read moreSeptember 5, 2024 12:14 pm
Noble Corporation plc (NYSE: NE) said on Wednesday that it had finalized its acquisition of Diamond Offshore Drilling Inc. The deal enhances Noble’s position as a leading offshore driller and creates the largest fleet of 7th generation dual-BOP drillships within the industry. “We are excited to close this highly strategic and accretive transaction ahead of […]
Read moreSeptember 5, 2024 8:42 am
Switzerland’s jobless rate has risen to 2.4% in August from 2.3% in the prior four months, data by the State Secretariat for Economic Affairs showed. The number of unemployed individuals rose by 3,638 to six-month high of 111,354 in August. Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.7% […]
Read moreSeptember 5, 2024 7:20 am
Singapore’s retail sales were reported to have increased at an annualized rate of 1% in July, rebounding after a 0.6% drop in June. In July, sales went up for: – motor vehicles (27.2% YoY versus 19.5% YoY in June); – food and alcohol (4.7% YoY versus 4.1% YoY in June); – petrol service stations (4.7% […]
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