News
Theseus Pharmaceuticals Fires Top Executives Amidst Potential Takeover
Cambridge biopharmaceutical company, Theseus Pharmaceuticals, fires top executives amidst potential takeover by major investors. The company also announces leadership changes and considers acquisition proposals.
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The Numbers
US manufacturing sector remains stagnant for the 13th month, with prices rising and interest rates affecting consumer spending on big-ticket items like cars
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Paramount Global Shares Rise on Reports of Bundled Streaming Offering with Apple TV+
Paramount Global shares have seen an increase after reports of discussions with Apple about a bundled streaming offering. If successful, this partnership could help reduce customer churn and increase profitability.
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Marvell Technology Expects Stable Revenue in Q4
Marvell Technology expects stable revenue in its fiscal fourth quarter, despite a decline in sales. Analysts have higher expectations for the company's earnings.
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Discover Financial Considers Sale of Student Loan Portfolio
Discover Financial is considering selling its $10.5B student loan portfolio to reduce risk and increase earnings. The company is also searching for a new CEO.
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CrowdStrike Shares Soar Amid Strong Performance
CrowdStrike's shares reach highest point in over a year amid exceptional performance and positive market sentiment. Analysts commend the company's execution strategies, professional services, and strong market position.
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Bitcoin Rally Amidst Expectations of Fed Rate Cut
Bitcoin and other cryptocurrencies rally as expectations of a Federal Reserve rate cut grow, driving the price of Bitcoin to its highest levels in months. Analysts speculate on the start of a new crypto bull market.
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Leasing Option Now Available for Rivian Trucks and SUVs
Rivian introduces leasing option for their trucks and SUVs, providing buyers with more options and expanding their market reach. Leasing offers lower monthly payments and can boost demand. Rivian has made progress in scaling up production, with anticipated deliveries and stock performance projections.
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Block Outperforms Competitors in Q3 Earnings
Block (ticker: SQ) exceeded Q3 earnings expectations, showcasing 38% increase in gross profit and introducing new Cash App Card feature. Macquarie analyst Paul Golding upgrades stock to Outperform. Despite competition from Apple Pay Later and regulatory risks, Block remains optimistic about its future prospects.
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Greedflation: Fact or Fiction?
Discover the concept of greedflation and its role in price hikes during the Covid-19 pandemic. Explore arguments for and against its existence.
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