December 2, 2024 10:17 am
NIO Inc (NYSE: NIO) said over the weekend it had delivered 20,575 vehicles in the month of November, or an increase of 28.9% compared to the same month a year ago. The deliveries included 15,493 vehicles from the company’s premium smart electric vehicle brand NIO and 5,082 vehicles from its family-oriented smart electric vehicle brand […]
Read moreNovember 30, 2024 4:49 am
The S&P 500 and Dow Jones Industrial Average closed at record highs on Black Friday, driven by gains in technology stocks and a strong retail performance. The S&P 500 rose 0.56% to 6,032.44 points, while the Dow Jones Industrial Average climbed 0.42% to 44,910.65 points. Technology Stocks Lead the Way Nvidia led the charge in […]
Read moreNovember 28, 2024 12:01 pm
MicroStrategy, a business intelligence firm with a significant stake in Bitcoin, has experienced a substantial decline in its market value. The company’s market capitalization has dropped by over 27% in just four days, resulting in a loss of over $30 billion. This significant decline has sparked concerns about MicroStrategy’s role as a leveraged Bitcoin investment […]
Read moreNovember 28, 2024 10:12 am
Best Buy Co Inc (NYSE: BBY) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.94 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on January 7th to shareholders of record as of the close […]
Read moreNovember 27, 2024 12:17 pm
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said this week it had acquired Shepard Insurance Group based in Old Greenwich, Connecticut. However, the company did not disclose any financial details of the agreement. Shepard Insurance Group is a retail insurance broker, which serves high-net-worth clientele in the […]
Read moreNovember 27, 2024 10:10 am
Hafnia Limited (NYSE: HAFN) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.379 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 12th to shareholders of record as of the close of business […]
Read moreNovember 27, 2024 8:03 am
TOYO Co. Ltd (NASDAQ: TOYO), a solar solution company, said on Tuesday that it had secured a $150 million contract to supply high efficiency solar cells to a leading solar module manufacturer. Under the agreement, TOYO is to supply its cutting-edge solar cells to support the client’s expanding solar module production in both India and […]
Read moreNovember 26, 2024 1:47 pm
Citigroup has upgraded US Bancorp (NYSE: USB) to “Buy” from “Neutral”. Citi also raised its 12-month price target on the stock to $65.00 from $49.00 previously. According to Citigroup, US Bancorp has “turned the corner” on investment spend and is expected to return to positive operating leverage as expense growth moderates. Also, US Bancorp’s net […]
Read moreNovember 26, 2024 11:13 am
The shares of Scholar Rock Holding Corp (NASDAQ: SRRK) soared 26.07% on Monday, after an experimental, muscle-preserving drug by competitor Biohaven missed its goal in a Phase 3 study of people suffering from spinal muscular atrophy (SMA). taldefgrobep alfa, a regimen of Biohaven’s drug, and a standard SMA therapy failed to significantly improve motor function […]
Read moreNovember 26, 2024 10:18 am
DURECT Corporation (NASDAQ: DRRX) said on Monday that it had sold its ALZET line of osmotic pumps to Lafayette Instrument Co in a deal valued at $17.5 million. The company also said it had paid off all remaining obligations under the term loan agreement with Oxford Finance LLC. “As DURECT continues to prioritize developing larsucosterol […]
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