Tag: gadget

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Bill Ackman's Pershing Square Makes Revised Bid for Howard Hughes Holdings

Billionaire investor Bill Ackman's Pershing Square makes revised bid to buy 48% of Howard Hughes Holdings (HHH) for $900 million.

Amazon Web Services and Memorial Sloan Kettering Partner on Cancer Research

Amazon Web Services (AMZN) and Memorial Sloan Kettering (MSK) partner to advance cancer patient treatments and research through AI-powered data analysis.

Asian Central Banks Increasingly Use Derivatives to Protect Currencies

Central banks in Asia increasingly rely on derivatives to defend currencies against the strong dollar, sparking concerns about future issues.

Telehealth stock Hims & Hers surges on weight-loss drug ad controversy and HHS nominee

Hims & Hers stock surges on telehealth weight-loss ad controversy; FDA removes Lilly's tirzepatide drugs from shortage list, but concerns remain about Novo's semaglutide supply.

SoftBank and OpenAI to Launch AI Joint Venture in Japan

SoftBank Group CEO Masayoshi Son has agreed with OpenAI CEO Sam Altman to set up a joint venture in Japan to offer artificial intelligence services to corporates

Canadian National Railway profit falls short of estimates

Canadian National Railway Co. (CNI) reported fourth-quarter profit of $819.1 million, below analysts' expectations of $1.37 per share. However, revenue of $3.11 billion exceeded forecasts of $3.07 billion. For the year, CNI reported profit of $3.25 billion.

Casual Dining Companies Compete for Special Occasion Dining

Casual dining chains are competing to become the go-to for special occasions as consumers return to pre-COVID habits. Chili's, Olive Garden, and Texas Roadhouse are among the top players trying to gain market share in the fragmented industry. Brands that use scale, marketing, and technology to boost their competitive advantage have big market share opportunities.

Trump Tariffs on Automakers: A Threat to Industry Profits

President Trump threatens automakers with tariffs on cars made in Mexico, Canada, and Europe. Analysts say the tariffs could cost automakers up to 17% of their annual core profits, and that suppliers would be particularly hard hit.

Crypto Execs Celebrate Trump Inauguration with Lavish Ball

Cryptocurrency industry leaders celebrated the inauguration of President-elect Donald Trump, who has promised changes in crypto policy, with a gala featuring Snoop Dogg and other entertainment.

Midwest Rents Stay Elevated as Housing Shortage, Economic Strength Push Up Costs

Midwest Rents Surge, Threatening Affordability: Lack of supply, influx of residents driving up costs in major cities like Cincinnati, St. Louis, and Kansas City, Missouri.