Articles

Adam Neumann drops plan to buy back WeWork

Adam Neumann has ended his bid to buy back WeWork, five years after he was ousted from the company he helped found.

New Jersey to get $125 million from Orsted after offshore wind projects halted

Orsted will pay New Jersey $125 million after the Danish energy company decided to cease development on the Ocean Wind 1 and Ocean Wind 2 projects, according to the state’s Board of Public Utilities.

Hitachi, Google Cloud sign deal to bring AI to businesses

Hitachi and Google Cloud said they would work together in a strategic partnership to boost adoption of artificial intelligence.

Hess shareholders approve Chevron’s $53 billion acquisition bid

Hess Corp. shareholders voted to approve a proposed $53 billion buyout by Chevron Corp., the company said late Tuesday.

Amgen’s rare-disease treatment biosimilar Bkemv gets FDA approval

Pharmaceutical regulators approved Amgen’s Bkemv, a biosimilar to rare-disease treatment Soliris.

Nvidia’s market cap hasn’t been this close to Apple’s since 2009

The road to a $3 trillion market capitalization for Nvidia might very well run through Apple.

American Airlines drops its upbeat profit guidance, and stock drops 8%

American Airlines Group Inc. late Tuesday slashed its guidance for the current quarter, only one month after offering an upbeat take for the three-month period.

Robinhood’s stock jumps 5% after $1 billion buyback unveiled

Shares of Robinhood Markets Inc. rose more than 5% in the extended session Tuesday after the online broker said its board approved a $1 billion share buyback program.

Tesla’s shareholder meeting has even higher stakes this year. Here’s why.

Tesla shareholders are being asked to vote on Chief Executive Elon Musk’s $56 billion pay package, and also decide whether the company should reincorporate in Texas.

Room for gold, oil and copper to rise, keeping commodity rally alive, UBS says

Commodity prices still have room to rally, according to UBS Global Wealth Management.

Why the stock-market rally can strengthen despite a slowing U.S. economy

“The equity cycle feels different than the macro cycle today,” say analysts at BofA Global Research.

Norwegian Cruise Line’s stock looks very attractive for these reasons, analyst says

Norwegian Cruise Line’s stock sailed higher on Tuesday after a rare bullish call from an analyst, who believes valuation now looks “particularly compelling” amid a very favorable industry backdrop.
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