Articles

Zuckerberg burns some goodwill on Wall Street as he plows forward with the metaverse

Investors clearly also concerned that Meta’s spending will include a lot more on virtual and augmented reality.

A new wave of e-commerce disruption could close 45,000 retail stores over the next five years, analysts say

UBS analysts have suggested that e-commerce isn’t done upending brick-and-mortar retail just yet.

Cidara Therapeutics shares surge 30% after reacquiring flu treatment

Shares of Cidara Therapeutics rose sharply after the company announced a reshuffling of its portfolio of drug candidates.

Acrivon Therapeutics’ shares climb 14% on plans to present cancer-test data

Shares of Acrivon Therapeutics advanced in post-market trading after the biopharmaceutical company said it would present clinical trial data in connection with a biomarker test for ovarian and endometrial cancers.

Blackstone to acquire Tropical Smoothie Cafe restaurant chain

Blackstone said it is acquiring acquire Tropical Smoothie Cafe, an Atlanta-based franchiser with over 1,400 locations in 44 states, from Leichtman Capital Partners.

How AI and EVs are boosting demand for copper

Copper prices have outperformed both gold and silver this year, as traders bet on growing, long-term needs for the industrial metal in artificial intelligence and electric vehicles.

IBM’s stock drops as company plans to buy HashiCorp in $6.4 billion deal

International Business Machines Corp. came up a hair short with its revenue for the latest quarter, while announcing its intent to acquire infrastructure-automation company HashiCorp Inc. in a $6.4 billion deal.

Retail investors pulled back dramatically on stock purchases in April, adding to market’s woes

Retail investors went on a tax-season buyers strike that helped exacerbate the stock-market selloff in early April, according to data from Vanda Research.

Copper’s record as a stock market and economic predictor is tarnished

‘Dr. Copper’ is practicing without a license.

Ford keeps EV losses in check, stock jumps 4%

Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.

Chipotle shares rally after earnings beat helped by new menu items

Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for new menu items.

Nursing homes: Will new federal rules curb abuse and lead to better care?

The challenge of finding and hiring staff at nursing homes is enormous.
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