Portland Trail Blazers head coach Chauncey Billups and Terry Rozier #2 of the Miami Heat.Lachlan Cunningham | Getty ImagesThe National Basketball Association told its 30 teams on Monday that it was instituting a broad review of betting-related issues to “protect the integrity of the NBA and our affiliated leagues” in the wake of a bombshell federal indictment that alleges confidential information about players was leaked to gamblers.In particular, the review will focus on proposition bets offered by legal online sports bookies, which allow gamblers to wager on the statistical performance of individual players, according to a memo from the NBA…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJamie Baker, JPMorgan senior airline analyst, joins ‘The Exchange’ to discuss what the government shutdown means for the airline industry, what the industry is preoccupied with and much more. Source link
Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store in Larkspur, California, on Aug. 5, 2022.Justin Sullivan | Getty ImagesShares of iRobot plunged more than 30% on Monday after the company warned its search for a buyer has hit a substantial roadblock and its financial condition remains dire.The Roomba maker has been vying to sell itself since March, but last week, the only remaining potential buyer withdrew from the process following a “lengthy period of exclusive negotiations,” iRobot disclosed in a regulatory filing.iRobot’s future has remained uncertain after Amazon abandoned its…
Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia Therapeutics — The clinical stage genome editing company plunged 45% after pausing patient dosing and screening for its MAGNITUDE and MAGNITUDE-2 Phase 3 clinical trials. FTI Consulting – The management consultant rose more than 5% after posting third-quarter earnings of $2.60 per share on revenue…
Precious metals and related mining stocks are retreating after a parabolic upmove over the past two months. The charts suggest that gold and gold miners are due for a more prolonged period of consolidation to reset their bullish long-term trends. Gold has pulled back sharply over the past week, extending its decline back below psychologically significant $4,000/oz. level with today’s sell-off. The daily MACD is decisively on a ‘sell’ signal, indicating that short-term momentum has shifted to the downside. If gap-based support near $3,927/oz. is breached, it would increase near-term downside risk to the 50-day moving average (MA), currently $3,766/oz.…
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty ImagesA deeper dip into consumer wallets this holiday season is expected to last through Thanksgiving and Christmas, and it is already being seen in the Halloween product market.DataWeave, which analyzes SKUs (stock keeping units), a scannable code retailers use to identify and track a product, says it has seen big price hikes among relatively inexpensive Halloween items, led by pumpkin carving-related products. Pumpkin Masters, the popular pumpkin carving company that offers a wide range of carving and decorating kits, topped the list in the percentage of price increases, with year-over-year increases…
Artificial intelligence startup Mercor announced on Monday a new Series C round that values the company at $10 billion, a fivefold increase since its last raise in February.The company said in a blog post that it raised $350 million in a round led by Felicis, which also led its $100 million Series B round, with participation from Benchmark, General Catalyst, and new investor Robinhood Ventures.The new investment will feed into three focus areas: Expanding the company’s talent network, advancing its matching systems between experts and training opportunities, and providing faster delivery.Founded in by three Thiel Fellows, the company initially started…
Guggenheim sees plenty of reasons ahead to be bullish on Microsoft . The investment bank upgraded shares of the tech titan and “Magnificent Seven” stock to a buy rating from neutral. Analyst John DiFucci also instated a price target of $586 per share. Shares of Microsoft have added 24% this year. DiFucci’s new target offers an upside of 12% from the stock’s Friday closing price of $523.61. MSFT YTD mountain MSFT YTD chart DiFucci warned that Microsoft’s valuation is not cheap at its current levels, and may never trade at a level considered to be cheap. But he justified this…
Wall Street is relentlessly bullish , putting the S & P 500 on pace Monday for its first close above 6,800 ever . But what if the majority view here is wrong and valuations in frothy territory will suddenly start to matter? Investors may want to hold some stocks that can remain stable even when the market goes through a correction, just in case. The S & P 500 is trading at a price-to-earnings (P/E) ratio of 24 times next 12-month earnings projections, a 42% premium to its 20-year average, according to CFRA Research. Information technology is trading at a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRandy Babbitt, former FAA administrator, joins ‘Squawk Box’ to discuss the impact of the government shutdown on air travel disruptions, whether Americans who are flying less safe today, and more. Source link
