A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesActivist investor Ancora has nominated nine candidates to U.S. Steel’s board of directors after reporting a 0.18% stake in the steelmaker, the company said on Monday.On Sunday, the Wall Street Journal reported that Ancora intends to rally shareholders to oust U.S. Steel’s CEO David Burritt.It also plans to pressure the company to drop its merger agreement with Japan’s Nippon Steel. Ancora’s interests are not aligned with all U.S. Steel stockholders, the Pittsburgh-based company said in…
Author: usaeverydaylife
A bitcoin is on a screen showing the bitcoin-U.S. dollar exchange rate.Fernando Gutierrez-Juarez | picture alliance | Getty ImagesCryptocurrencies tumbled to begin the final week of January, with the market in a cooling period after running to a new record and pulled lower by the DeepSeek-driven sell-off in tech stocks.The price of bitcoin fell 5% to $98,432.54, according to Coin Metrics. Earlier, it fell as low as $97,750.00. The broader market of cryptocurrencies, as measured by the CoinDesk 20 index, dropped nearly 10%.Nasdaq futures were down about 4% in early trading.Shares of Coinbase and MicroStrategy fell 6% and 5%, respectively,…
Members of the public walk past a branch of a WH Smith Plc in Orpington on January 23, 2025 in London, England. Dan Kitwood | Getty Images News | Getty ImagesBritish retailer WH Smith is looking to sell its historic high street business to focus on its travel store unit in the latest hit to the U.K.’s retail industry.The 232-year-old retailer said Monday that it was exploring the sale of more than 520 high street stores, which sell newspapers, books and stationery, confirming reports over the weekend that talks were underway.”WHSmith confirms that it is exploring potential strategic options for this…
AT&T added 482,000 net monthly bill-paying wireless phone subscribers in the holiday quarter, outpacing analysts’ estimated gains of 424,550. Source link
Take-Two Interactive Software has “a grand pipeline” ahead thanks to its upcoming release of “Grand Theft Auto VI” video game, according to UBS. Analyst Christopher Schoell upgraded the stock to buy from neutral. He also increased his price target to $230 from $170, indicating 25% upside from Friday’s close. The rising demand for “Grand Theft Auto VI,” which is expected to be released sometime this fall, indicates outperformance and strong pricing power for the company, per Schoell. He expects “the hype to build in ’25, fueled by new announcements, trailers and gameplay,” said Schoell. “We believe this will drive sentiment,…
Even after a 20% surge on Friday, Goldman Sachs thinks Twilio shares have further room to run. The firm raised its rating on shares to buy from neutral. In addition, analyst Kash Rangan increased his price target to $185 per share from $77, indicating shares could climb an additional 35.8% from Friday’s close. TWLO YTD mountain Twilio shares in 2025 The cloud communications stock recorded its biggest jump since 2020 to close out last week. This came a day after the company raised its forward guidance at its analyst day. Twilio committed to cost cutting measures and bringing in $3…
When the rioters came for Spellow Library, they used the nonfiction section as kindling.Deborah Moore, then the library’s manager, arrived the next morning to find that the shelves and couches purchased as part of a recent refurbishment had been stacked up to build a pyre. The books that had survived the riot, part of a wave of anti-immigrant, racist disorder that erupted across Britain in August last year, were yellowed by smoke, their pages curled from the heat.Anger came first, she said, then sadness, then a determination to replace the hundreds of books that had burned, even as the stench…
U.S. technology firms plunged in premarket trading, as Chinese startup DeepSeek sparked concerns over competitiveness in AI and America’s lead in the sector, triggering a global sell-off.Shares of chip designer Nvidia, a huge beneficiary of the AI hype, were down 9.84% at 05:11 a.m. ET ahead of the market open. Netherlands-based chip companies ASML and ASM International tumbled 10.59% and 14.94% respectively in European trade, while in Asia, Japanese chip-related stocks were broadly lower.DeepSeek launched a free, open-source large-language model in late December, claiming it was developed in just two months at a cost of under $6 million — a much smaller…
When Donald J. Trump huddled with Republican senators at a closed-door meeting in the Capitol days before his inauguration, Senator Rick Scott of Florida rose and gushed to him about the exhilarating opportunity the party had to “right-size” the federal government by slashing it mercilessly, a long-held conservative goal.Mr. Trump brusquely agreed but quickly steered the conversation in a different direction, according to two people who attended the meeting. What he was really excited to discuss was tariffs, and he launched into a lengthy discourse about his plans, pulling out a paper from his jacket pocket and laying out calculations…
The cease-fires in Gaza and Lebanon will most likely hold for now, despite being tested to their limits over the weekend, because all sides want to avoid full-scale fighting at least for a few weeks, analysts said.In southern Lebanon, Israeli troops remained in position past the deadline on Sunday for their withdrawal, amid Israeli claims that Hezbollah had broken its own pledge to leave the area. In Gaza, Hamas failed to release a female hostage whom Israel had hoped would be freed on Saturday, prompting Israel to delay the agreed return of displaced Palestinians to their homes in northern Gaza.But…
