PORTLAND, Ore. — Brian Vu has been a fan of the NBA for 14 years, but he has never experienced a game like the one he attended last week in Portland.Not only did his hometown Trail Blazers beat the Memphis Grizzlies, but also for the first time in his life, Vu said he felt involved in the game, every bit a part of the 18,491 in attendance at Moda Center.Vu, who has low vision, didn’t see one play during the Blazers’ 115-99 win. But he felt every score, every turnover, every shot.The 32-year-old Vu used a haptic device that allowed…
Author: usaeverydaylife
The Israeli military launched airstrikes on the southern outskirts of Beirut on Friday for the first time since a U.S.-brokered cease-fire came into effect in November, shattering months of tense calm in the Lebanese capital and stoking fears of a further escalation.The bombardment came after rockets were fired at northern Israel from Lebanese territory earlier in the day, setting off air-raid sirens in three communities near the border. The Israeli military subsequently ordered residents of the densely populated Hadath neighborhood of Dahiya, an area on the southern edges of Beirut, to evacuate from the vicinity of a building there.Less than…
Barry RitholtzBarry RitholtzBarry Ritholtz had a hard time writing his first book, “Bailout Nation.”Drafted in the midst of the 2008 financial crisis, the biggest challenge, he said, was that a different company “would blow up” every week.It felt as if the writing “was never over,” said Ritholtz, the chairman and chief investment officer of Ritholtz Wealth Management, an investment advisory firm that manages more than $5 billion of assets.By comparison, the new book was a “joy” to write, largely due to the benefit hindsight, said Ritholtz, who is also a prolific blogger and creator of the long-running finance podcast “Masters…
A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024. Tom Little | ReutersCopenhagen, DENMARK — Novo Nordisk defended disappointing trial results for its much-hyped next generation obesity drug candidate CagriSema, insisting it will be an “important” weight loss treatment.CEO Lars Fruergaard Jørgensen on Thursday acknowledged the sharp share price reaction after two consecutive late-stage trials showed underwhelming weight reduction versus the company’s own targets, but said he nevertheless remained “encouraged” by the drug’s weight loss profile.”I’m very confident about CagriSema,” he told shareholders at the firm’s Annual General…
Trevor Milton, founder of Nikola Corp., arrives at court in New York, on Monday, Sept. 12, 2022.Victor J. Blue | Bloomberg | Getty ImagesNikola Corp. founder Trevor Milton said Thursday that he had been granted a full pardon by President Donald Trump for his October 2022 conviction of federal crimes related to defrauding investors with false claims about the success of the electric and hydrogen-powered truck maker.Milton, 42, was sentenced in December 2023 to four years in prison, but he has been free since then pending an appeal of the former CEO’s criminal conviction on securities and wire fraud charges…
The Federal Reserve’s key inflation measure rose more than expected in February while consumer spending also posted a smaller than projected increase, the Commerce Department reported Friday.The core personal consumption expenditures price index showed a 0.4% increase for the month, putting the 12-month inflation rate at 2.8%. Economists surveyed by Dow Jones had been looking for respective numbers of 0.3% and and 2.7%. Core inflation excludes volatile food and energy prices and is generally considered a better indicator of long-term inflation trends.In the all-items measure, the price index rose 0.3% on the month and 2.5% from a year ago, both…
Check out the companies making headlines before the bell: Lululemon Athletica — Shares tumbled more than 11% after the athleisure retailer’s 2025 guidance came in weaker than expected . Lululemon forecasts first-quarter earnings in a range of $2.53 to $2.58 per share, compared to the $2.72 expected by analysts polled by LSEG. First-quarter projected revenue of $2.335 billion to $2.355 billion was also lower than the $2.39 billion consensus forecast. However, fourth-quarter results beat on both sales and profit. U.S. Steel — The stock jumped nearly 5% after Semafor reported that Japan-based Nippon Steel is willing to invest as much…
A recent correction has opened up an attractive entry point for Ferrari lovers, according to Barclays. Analyst Henning Cosman upgraded shares of the luxury car manufacturer to overweight from equal weight. U.S.-listed shares of Ferrari are flat for the year, but they have tumbled more than 8% this month. They tumbled around 16% from a February peak after shareholder Exor had announced it would sell up to 4% of Ferrari stock. “We had downgraded RACE to EW post FY24 results following strong performance — but now we see good entry point again,” Cosman wrote. RACE-IT 1Y mountain RACE-IT 1Y chart…
Here are Friday’s biggest calls on Wall Street: Evercore ISI reiterates Meta as buy Evercore ISI said it sees an attractive entry point for the stock. “Recent government-driven volatility has created several very intriguing entry/adding points among Tech/Internet stocks. We believe that META @ $603 or 20X 2026 P/E is absolutely one of those.” Jefferies reiterates Nike as buy Jefferies said the stock is in the middle of a comeback. ” Nike remains the #1 brand in a growing category, with valuation at decade-old levels. So, Just Buy It.” Needham reiterates Robinhood as buy Needham said the company’s entry into…
A Shell logo is displayed on May 03, 2024 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesU.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program.The move, which was first reported by British newspaper The Times on Thursday, comes shortly after it emerged Paul Singer’s hedge fund had taken a near 5% stake in Shell’s struggling rival, BP.Elliott is said to have amassed an £850 million ($1.1 billion) bet against Shell, The Times reported, citing filings with the Financial Conduct Authority.The position is reportedly…
