Articles

Nvidia is ‘both king and kingmaker,’ and these chip stocks could pop in its wake

Marvell and Astera Labs can continue growing alongside Nvidia, according to Jefferies.

AI revolution is still a long way off, Oaktree founder Howard Marks says

Howard Marks said he believes it will take a good amount of time before AI technologies start impacting non-AI companies.

Fed’s Goolsbee lays out dovish case for potential rate cuts and flags ‘a couple of warning signs’ on economy

Chicago Fed President Austan Goolsbee said Monday there are new signs of stress on the economy that should make the U.S. central bank at least wonder if its policy rate needs to be as high as it currently is.

A former Estée Lauder executive wanted to create a Harvard scholarship for students of Armenian descent. The school turned her down.

The case comes as scholarships tied to race and ethnicity are posing challenges to donors and schools in the wake of the Supreme Court’s affirmative action decision

Alnylam’s stock surges as heart drug vies with a Pfizer blockbuster

Alnylam Pharmaceuticals’ stock jumped nearly 40% premarket on Monday after the company released results of a late-stage trial for a heart drug that analysts see competing with a key Pfizer treatment.

Ally Financial draws praise as well-positioned for soft landing in Citi’s new ‘buy’ rating

Analyst Keith Horowitz said Ally Financial offers “the best way” to play an economic recovery within Citi’s coverage universe due to “fixed rate asset repricing potential combined with a liability sensitive balance sheet.”

Apple’s stock is up 25% from its April low. Here’s how it can gain another 25%.

An analyst thinks Wall Street still underestimates AI’s potential to drive iPhone device upgrades.

Eurofins Scientific’s stock drops on allegations from short-seller Muddy Waters

In a 35-page report, Muddy Waters said Eurofins Chief Executive Gilles Martin has spent decades enriching himself through improper real-estate deals

Vista Outdoor says CSG has raised its bid for its sports business to $2 billion

The move is the latest in a wave of M&A offerings aimed at Vista, a maker of outdoor products and ammunition, for all or parts of its business.

Sonoco purchases European food-can company Eviosys for $3.9 billion

Packaging giant Sonoco is poised to become the leading metal-food-can maker globally.

The S&P 500 is headed for 15,000 by the end of the decade, says Tom Lee, who foresaw the 2023 rally

Tom Lee, who accurately predicted the 2023 rally, lays out a path for the S&P 500 to triple in the next few years.

Alumis eyes $300 million in proceeds in IPO

California-based biopharmaceutical company plans to trade on the Nasdaq under the symbol ALMS.
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