The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is pictured as the company presented the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. (Photo by MADS CLAUS RASMUSSEN/Ritzau Scanpix/AFP via Getty Images)Mads Claus Rasmussen | Afp | Getty ImagesA leadership shakeup at what was once Europe’s most valuable company was cemented Friday as Novo Nordisk’s controlling shareholder tightened it’s grip on the weight-loss drugmaker, even as minority shareholders express discontent.Novo has found itself in an increasingly chaotic situation as of late, with shares plunging and investor…
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Billionaire investor Ron Baron isn’t flinching during the latest tech selloff, and he’s certainly not touching his own Tesla shares, he said.The longtime growth investor said he sees the pullback as a chance to spot bargains, even as volatility has rattled the biggest names in tech recently.”Not very much,” Baron said Friday on CNBC’s “Squawk Box” when asked what he’s doing amid the drawdown. “Just looking and trying to understand where opportunities are and try to take advantage of them.”His conviction is especially intense when it comes to Tesla, one of his signature bets. He recalled selling a third of…
After a more than 50% parabolic move in the Nasdaq-100 since the April 8 “liberation day” low, the QQQs have pulled back roughly as profit-taking, Federal Reserve ambiguity and volatility arise. The QQQ this week has fallen more than 1%. I believe that this will be short-lived. Whether the Fed lowers its benchmark rate in December or January is immaterial, as long as the central bank persists in cutting interest rates. I want to use options to define risk while trying to capture a snap-back rally into year-end. Ever since famed short-seller Michael Burry’s recent put buying trade on both…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJoe Feldman, Telsey Advisory Group, joins ‘Fast Money’ to talk current consumer trends, the state of retail, and the upcoming slate of retail earnings next week.04:22Fri, Nov 14 20255:23 PM EST Source link
Walmart logo is seen near the store in Austin, United States on Oct. 23, 2025.Jakub Porzycki | Nurphoto | Getty ImagesWhen incoming Walmart CEO John Furner steps into the retailer’s top role, he will try to follow up a period of dramatic share growth that many of Walmart’s rivals have failed to match.Walmart’s stock has more than quadrupled since outgoing CEO Doug McMillon began in the role in February 2014. Across nine of the 12 calendar years when was Walmart’s leader, the company posted positive stock returns.Among Walmart’s main rivals in the retail and grocery business, only Amazon and Costco…
Kilts and sporrans of Clan Wallace, part of the Lonach Highlanders, marching on the Road to the Lonach Gathering and Highland Games at Strathdon in Scotland.Gannet77 | Istock | Getty ImagesThe Scottish government announced plans on Thursday to issue its first sovereign bonds in 2026/27, as it looks to raise funds for infrastructure investments.It will be the first issuance in a planned £1.5 billion ($1.97 billion) bond program that’s set to be rolled out over the next parliamentary period, which begins with elections in May next year. However, officials noted that the plans were subject to the outcome of the…
D.R. Horton signage stands in front of homes under construction at the Eastridge Woods development in Cottage Grove, Minnesota.Daniel Acker | Bloomberg | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.D.R. Horton, the nation’s largest homebuilder, is tapping an artificial intelligence tool from Portland, Oregon-based startup Prophetic to build more homes and address the country’s…
Exterior view of the entrance to Merck headquarters on February 05, 2024 in Rahway, New Jersey. Spencer Platt | Getty ImagesMerck will acquire Cidara Therapeutics in a nearly $9.2 billion deal, gaining access to an experimental flu drug in its effort to diversify ahead of patent loss for its blockbuster cancer drug Keytruda.The drugmaker will pay $221.50 per share in cash for Cidara, the companies said on Friday, a premium of 108.9% from its last closing price.Shares of Cidara, which has a market capitalization of $3.3 billion as of Thursday, doubled in value to $217.89, while Merck slipped 1.3%.Merck, which is…
Artificial intelligence has become one of the biggest investment stories in the market, helping drive a surge of assets into thematic exchange-traded funds that let retail investors bet on major technology trends. But experts warn that these funds can fall as quickly as they rise. It’s a simple yet important point for investors to keep in mind as tech stocks look more vulnerable, and are leading the market lower in recent days. The Nasdaq has been flirting with a fall below its 50-day moving average for the first time since the April downturn and posted its third-straight losing session on…
Jefferies is moving off the sidelines when it comes to Gap . The bank upgraded the clothing chain to buy from hold. Analyst Corey Tarlowe also hiked his price target for the stock to $30 from $22, signaling about 24% upside from Thursday’s close. Tarlowe pointed to “encouraging and sustainable” trends in both the near- and long-term for Gap, stemming from fundamental changes that the retail chain has implemented. “We expect GAP to sustain strong momentum through brand revitalization and disciplined operations, supporting both top- and bottom-line growth,” he wrote. “These improvements stem from structural changes introduced under Richard Dickson’s…
