Tag: smartphones

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Hims & Hers Super Bowl Ad Sparks Controversy, Lifts Stock

Hims & Hers stock surges on Super Bowl ad controversy and Health and Human Services secretary pick. Lilly and Novo Nordisk invest in GLP-1 production amid shortages.

US Smokers Shift to Cheaper Cigarettes

Japan Tobacco sees rising demand for cheaper cigarettes in the U.S. as consumers trade down amid inflation and interest rate hikes.

Market Jitters Over Interest Rate Hike Talk

The stock market's inflation jitters: Latest CPI reading renews concerns over Fed rate hikes. Despite a sell-off after the CPI report, the S&P 500 fell less than 0.3% and the Nasdaq closed positive. Economists remain divided on the possibility of a rate hike this year, but the 10-year Treasury yield spiked as high as 4.66%.

Powell Defends Security of Treasury Payment System After Musk Access Concerns

Fed Chair Powell offers assurances on Treasury payments system, Musk and CFPB

BOE Forecasts Dim Labour's Growth Agenda Hopes

Bank of England's economic forecasts contradict Chancellor Reeves' plans for boosting UK growth, indicating potential fiscal challenges and the need for substantial reforms to support economic expansion.

Palantir's Soaring Stock: Analyst Views and Valuation Considerations

Palantir Technologies (PLTR) stock surges 41% year-to-date, buoyed by strong financials like a 52% revenue jump in Q4 2024. Analysts revise EPS expectations upwards, with one reiterating a Buy rating. However, concerns remain regarding Palantir's premium valuation and the sustainability of its recent growth.

Kensington and Chelsea council cuts pension contributions, sparks funding concerns

Kensington and Chelsea slashes pension contributions following criticism, redirecting funds to support Grenfell survivors.

Canadians Overwhelmingly Support Retaliatory Oil Export Taxes Against Trump Tariffs

New poll reveals widespread Canadian support for export taxes on oil to retaliate against US President Trump's tariffs, potentially giving Prime Minister Trudeau's government leverage in trade negotiations.

Stock Market Strength Despite Tariff Noise

Despite recent market volatility, the stock market shows signs of strength, with positive earnings growth, low volatility, and strong economic data. Strategists remain bullish despite trade war concerns.

Walmart Cuts Hundreds of Jobs, Relocates Employees to California and Arkansas

Amidst employee relocations to California and Arkansas, Walmart reportedly eliminates hundreds of roles and closes a North Carolina office.