Moderna reported a surprising third-quarter profit on Thursday, driven by cost reductions and stronger-than-expected sales of its COVID-19 vaccine, despite lower-than-anticipated revenue from its new respiratory syncytial virus (RSV) vaccine. Shares of the Cambridge, Massachusetts-based…
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Investing
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Under Armour’s shares soared 25% on Thursday after the sportswear giant raised its annual profit forecast, citing lower input costs and effective cost-saving measures, such as reducing discounts at its stores and website. The strong…
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Investing
US stock ownership disparity: 62% of Americans invested, unequal distribution raises questions
According to a recent Gallup poll, 62 per cent of adults in the Unites States currently own stocks, which represents the highest percentage since 2008. While stock ownership is frequently regarded as an important component… -
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The state of Texas has initiated legal action against General Motors (GM), alleging the automaker illegally collected and sold data from more than 14 million vehicles without drivers’ consent. The lawsuit, filed by Texas Attorney…
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Mars, the global family-owned confectionery giant known for brands such as M&M’s and Snickers, has announced its acquisition of Kellanova, the maker of Cheez-It and Pringles. The deal, valued at approximately $36 billion, is set…
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nCino Inc. (NASDAQ: NCNO) received a significant boost today when Goldman Sachs upgraded its rating from Neutral to Buy, with a new price target of $42, up from $34. This change reflects Goldman’s growing confidence…
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Victoria’s Secret & Co (NYSE: VSCO) named Hillary Super its new chief executive on Wednesday. Investors are cheering the news as Super is a seasoned retail executive who has previously held top positions at the…
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Dell Technologies Inc. (NYSE: DELL) is in the spotlight today following Wells Fargo’s decision to reduce its price target on the company from $175 to $150, still reflecting a potential upside of 50% from its…
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Micron stock looks relatively flat in the last year when one looks at the stock price. However, the stock has had its fair share of volatility. At one point, it was up over 85% for…
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