Category: Latest News
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Hims & Hers stock slips after FDA chief criticizes ad practices
Shares of Hims & Hers (NYSE:HIMS) moved lower in premarket trading on Monday, following comments from U.S. Food and Drug Administration (FDA) Commissioner Martin Makary, who said the company’s Super Bowl advertisement broke federal rules by promoting weight-loss treatments without mentioning potential risks. By 06:55 ET (10:55 GMT), the stock was down 2.8%. In an…
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Tesla jumps after Musk snaps up $1B stake in stock
Tesla (NASDAQ:TSLA) surged in premarket trading Monday, climbing about 6%, after CEO Elon Musk revealed he had scooped up nearly $1 billion worth of the company’s shares on the open market. Regulatory filings show Musk acquired 2.57 million Tesla shares on September 12, paying between $372.37 and $396.54 per share. The buying spree has pushed…
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Chipmakers Slide as Beijing Targets U.S. Semiconductor Firms in New Probes
Semiconductor stocks tied to the auto and industrial sectors fell sharply on Monday after China announced fresh investigations into the U.S. chip industry, coinciding with ongoing trade negotiations between Washington and Beijing in Madrid. Texas Instruments (NASDAQ:TXN) dropped 3.1%, ON Semiconductor (NASDAQ:ON) lost 2%, NXP Semiconductors (NASDAQ:NXPI) declined 3.5%, and Analog Devices (NASDAQ:ADI) slipped 3%.…
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Five Key Market Events to Watch in the Week Ahead
Investors are keeping a close eye on the Federal Reserve this week, with expectations high that the central bank will cut interest rates. Other major central banks, including those of Canada, the U.K., and Japan, are also scheduled to announce their latest policy decisions. Meanwhile, U.S. retail sales growth for August is expected to slow,…
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China extends antitrust probe into Nvidia, shares slip
China’s market regulator announced on Monday that it will prolong its antitrust investigation into U.S. semiconductor company Nvidia (NASDAQ:NVDA) after initial findings suggested the company may have violated the country’s competition laws. The inquiry centers on Nvidia’s 2020 acquisition of Israeli chip designer Mellanox Technologies, which Beijing had approved under specific conditions. Chinese authorities allege…
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Stocks may “turn more cautious” if Fed resumes rate cuts, JPMorgan warns
Equity markets that have recently shown strong gains could adopt a more cautious stance if the Federal Reserve restarts policy easing later this week, according to analysts at JPMorgan Chase. Investors appear to have taken comfort in the prospect of lower borrowing costs, using it to “look through” recent soft U.S. labor market data, the…
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iPhone 17 demand may outpace iPhone 16, JPMorgan says
Analysts at JP Morgan reported in a note that initial demand for Apple Inc’s (NASDAQ:AAPL) newly launched iPhone 17 series appears stronger than what was seen for the iPhone 16 during its first week last year, based on delivery lead times in key markets. JPMorgan highlighted that lead times in the U.S., China, Germany, and…
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Tesla’s short-term strength conceals long-term EV demand challenges, says Barclays
Tesla (NASDAQ:TSLA) is expected to post strong third-quarter results, but analysts warn that the current momentum may not be sustainable as U.S. electric vehicle (EV) demand is set to drop sharply once tax incentives expire. Barclays forecasts roughly 465,000 vehicle deliveries in Q3, surpassing the consensus of 430,000, bolstered by a surge in U.S. sales…
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Dow Jones, S&P, Nasdaq, Wall Street Futures mixed as Fed decision nears; U.S.-China talks under scrutiny
U.S. stock futures showed a mixed picture on Monday, with S&P 500 and Nasdaq futures ticking higher while Dow futures edged lower, as investors prepared for a pivotal Federal Reserve interest rate decision later this week. With signals of a slowing labor market and persistent inflation, the Fed is widely expected to cut rates by…
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Dollar edges up ahead of Fed meeting; euro faces headwinds
The U.S. dollar inched higher on Monday as traders focused on the upcoming Federal Reserve policy decision, which is expected to influence currency markets into the final quarter. At 04:10 ET (08:10 GMT), the Dollar Index, measuring the greenback against a basket of six major currencies, rose 0.1% to 97.175, following a year-to-date drop of…