Micron (MU) stock plummeted more than 17% early Thursday on weaker-than-expected guidance for the current quarter despite burgeoning demand for AI chips. The memory chipmaker, which counts Nvidia (NVDA) as a major customer, said Wednesday it expects revenue between $7.7 billion and $8.1 billion for the quarter. Wall Street analysts had expected the company to…
tadamichi/iStock via Getty Images Stock futures edged higher on Thursday, rebounding from the previous session’s losses, as the Federal Reserve forecasted persistent inflation and limited rate cuts in 2025. The outlook followed a widely expected quarter-point rate reduction by the central bank. Here are #Biggest #stock #movers #Thursday #ACN #MESO
Boyden Gray PLLC partner Michael Buschbacher discusses concerns of an electric vehicle mandate on The Bottom Line. President-elect Trump is expected to unravel many of the green initiatives pushed through by President Biden when he returns to the White House, including rules aimed at incentivizing the production and purchase of electric vehicles (EVs). On the…
By Nidal al-Mughrabi CAIRO (Reuters) – U.S. and Arab mediators are working round-the-clock to hammer out a ceasefire deal between Israel and Hamas, sources close to the talks said, while in the Gaza Strip medics said Israeli strikes had killed 13 Palestinians on Thursday. The mediators, at talks in Egypt and Qatar, seek to forge…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global stocks and emerging market currencies sank on Thursday after the US Federal Reserve indicated it would cut interest rates more slowly next year to guard against any renewed threat of inflation. The quarter-point reduction…
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Radhakishan Damani, the founder of DMart, maintained the top position in the IDFC First Private & Hurun India’s Top 200 Self-Made Entrepreneurs of the Millenia 2024, with a valuation of Rs 3.4 lakh crore, marking a growth of 44%. Following closely behind is Deepinder Goyal’s Zomato, with a valuation exceeding Rs 2.5 lakh crore and…
Mark Cuban Calls Healthcare Pricing ‘Horrific’– Says Hospitals And Doctors Are ‘Sub Prime Lenders’ – But He’s Proposing A Way To Fix Things Mark Cuban isn’t holding back when it comes to his thoughts on the U.S. health care system. On Bluesky, on Dec. 10, he laid out exactly why he thinks the system is…
Japan's Nov export growth accelerates to three-month high, while imports unexpectedly fall #Japan039s #Nov #export #growth #accelerates #threemonth #high #imports #unexpectedly #fall
‘Bar Rescue’ host and restaurateur Jon Taffer details the wave of economic optimism in the food and service industry, and his latest business revamp missions. A pizza shop in Chattanooga, Tennessee, said it was a choice of “personal conviction” to not provide catering services for same-sex weddings after critics bashed it for the policy. Wood-fired…
By Anton Bridge TOKYO (Reuters) -Bain Capital plans to launch a tender offer for Fuji Soft shares even without the approval of the target firm’s board of directors, the U.S. private equity firm said on Wednesday. The announcement came a day after the Japanese IT firm reaffirmed its support for the second stage of a…
Nissan and Honda are in exploratory talks about a merger of the two carmakers that would create a $52bn Japanese behemoth, said people briefed on the matter. The two companies are studying a way to combine that would help them better compete at a time when traditional carmakers are grappling with fast-growing Chinese electric-vehicle manufacturers,…
Toshihiro Mibe, chief executive officer of Honda Motor Co., right, speaks next to Makoto Uchida, chief executive officer of Nissan Motor Co., during a joint news conference in Tokyo, Japan, on Thursday, Aug. 1, 2024. Kiyoshi Ota/Bloomberg via Getty Images #Nissan #Honda #merger #worlds #biggest #carmaker
Adani Group-owned Ambuja Cements is doubling down on its cement empire. On Tuesday, the company announced the merger of its subsidiaries Sanghi Industries and Penna Cement Industries into its fold, aiming to streamline operations and solidify its market position. Under the proposed scheme with Sanghi Industries, shareholders will receive 12 Ambuja Cements shares for every…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Robert Kiyosaki Warns Baby Boomers Will Be ‘Biggest Losers’– Suggest Kids ‘Nudge’ Parents To Sell Their Homes And Assets Before It’s Too Late Robert Kiyosaki is nothing if not consistent. The Rich Dad Poor Dad author and self-proclaimed…
MikeMareen/iStock Editorial via Getty Images Seadrill Limited (NYSE:SDRL) said on Tuesday that the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $498 #Seadrill #announces #Brazil #contract #award #West #Tellus
FOX Business’ Max Gorden reports on the latest news that Allstate will raise California home insurance rates by 34% on ‘Varney & Co.’ California Insurance Commissioner Ricardo Lara announced the enforcement of a regulation aimed at expanding insurance coverage in wildfire-prone areas of the state, where insurers have fled and homeowners have struggled to find…
WASHINGTON–(BUSINESS WIRE)–D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Verisk (Nasdaq: NASDAQ:), a leading global data analytics and technology provider, on the sale of its Atmospheric and Environmental Research (AER) business to JANUS Research Group (JANUS). JANUS is a portfolio company of CM Equity Partners. This press release features…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chair of Britain’s High Speed 2 rail project will step down in the spring, the government said on Tuesday, hours after the Financial Times reported that the price had risen by another £9bn. Sir…
The film will be written and directed by “Bluey” creator Joe Brumm. Read More #Disney #Release #Bluey #film #cinemas
The Reserve Bank of India (RBI) on Tuesday lifted its five-month-long restrictions on two Edelweiss Group entities—ECL Finance and Edelweiss Asset Reconstruction Company (ARC)—after the firms took corrective steps to align with regulatory norms. The restrictions, imposed on May 29, were no slap on the wrist. ECL Finance was barred from undertaking structured transactions tied…