Jared Holz, Mizuho, joins ‘Fast Money’ to talk what is next for the obesity drug makers in 2025. Source link
Author: usaeverydaylife
Pictured here is the Grand Indonesia shopping mall in Jakarta on Friday, Jan. 5, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — Huawei spinoff Honor announced Tuesday it plans to launch smartphone sales in Indonesia by the end of March, becoming the latest Chinese company to enter a market that has banned Apple’s iPhone 16 over domestic production requirements.Indonesia requires that for smartphones sold in the country, 40% of their components must be domestically sourced. That rule has prevented Apple from selling its newest phone in the market, where it is reportedly negotiating a $1 billion investment.Honor has an office in…
Jonathan Raa | Nurphoto | Getty ImagesShares of Chinese tech heavyweight Tencent Holdings tumbled 5.4% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense.The move follows a near 8% fall in Tencent’s U.S. depository receipts on Wall Street.Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers such as Ford and Tesla.CATL shares, which fell as much as 5.6%, were last down 3.5% in Shenzhen.The National Defence Authorization Act of 2024 says that the DoD will be prohibited from…
A top U.S. envoy who helped broker the cease-fire between Israel and Hezbollah issued reassurance on Monday that Israel would withdraw fully from southern Lebanon, as called for in the fragile 60-day truce deal that paused the bloodiest war between the two sides in decades.Speaking to reporters in Beirut, the Lebanese capital, the envoy, Amos Hochstein, said that Israeli troops had pulled out on Monday from the southern town of Naqoura. In a statement, the Lebanese military said it had redeployed in the town, after the Israeli withdrawal.“These withdrawals will continue until Israeli forces are fully out of Lebanon,” Mr.…
Strategas’ Chris Verrone talks Natural Gas prices surging on cold weather. Source link
CNBC’s Jim Cramer reviewed Monday’s market action and gave his take on why a large swath of stocks are notching losses, focusing on bruised sectors like consumer goods.”This is a market that rewards growth regardless of price,” he said. “So, people will pay up for tech growth, which is all about real demand and pricing power, and they’re avoiding companies that have lost pricing power and offer yields that are too low to compete with Treasurys. I don’t expect that dynamic to change any time soon.”Cramer suggested that the power in tech stocks related to artificial intelligence and accelerated computing…
Shoji Morimoto’s day job involves loaning himself out to strangers who seek someone’s company for almost anything at all.Lee Ying ShanWhen Shoji Morimoto was fired from his office job in 2018, his superior had criticized him for lacking initiative and “not doing anything” of value for the company. Joke’s on him, because Morimoto, now 41, has since spun a lucrative career out of doing nothing.Known as the rental “do nothing” guy in Japan, Morimoto’s day job involves loaning himself out to strangers who seek someone’s company for almost anything at all. These requests can range from waiting for a marathon…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty ImagesJapan’s Nikkei 225 was set to rebound after leading losses in Asia on Monday, with the futures contract in Chicago at 39,870 and its counterpart in Osaka trading last at 39,670 against the index’s previous close of 39,307.05.Australia’s S&P/ASX 200 started the day up 0.31%, on pace for a fourth day of gains.In contrast, futures for Hong Kong’s Hang Seng index last traded at 19,664, pointing to a weaker open compared to the HSI’s close of 19,688.29.Hong Kong-listed…
The NFL playoffs are here. Are we destined for a Detroit Lions-Kansas City Chiefs Super Bowl showdown, or will one of the teams playing on wild-card weekend pull off an upset en route to a shot at the title?Jeff Howe breaks down each of the six wild-card weekend matchups before The Athletic’s NFL Projection Model, created by Austin Mock, reveals the odds each team has to win the Super Bowl.GO DEEPERNFL playoff schedule: Game times, channels for wild-card weekendAFCNo. 2 Buffalo Bills (13-4) vs. No. 7 Denver Broncos (10-7)The Bills are coming off a productive pseudo-bye week after resting their…
