March 7, 2025 2:07 pm
Key moments Analysts warn that Netflix’s subscriber growth, largely driven by its password-sharing crackdown, may be slowing. Recent subscriber gains are seen more as improved monetization of existing users than a significant expansion of the overall user base. Netflix is looking to price increases and its expanding advertising business to drive future revenue growth. Sharp […]
Read moreMarch 7, 2025 1:05 pm
Key moments Stock-picking hedge funds have averaged a mere 1% return this year following recent market sell-offs. The technology, media, and telecommunications sectors, where hedge funds held significant long positions, experienced the most acute declines. Multi-strategy hedge funds, despite consistent past performance, have incurred losses on 18 out of 29 trading days since January 27. […]
Read moreMarch 7, 2025 1:05 pm
Key moments Positive Phase 3 Data: TNX-102 SL demonstrates statistically significant pain reduction in fibromyalgia studies. Novel Treatment Approach: Sublingual formulation targets non-restorative sleep, a key factor in fibromyalgia pain. Anticipated FDA Decision: PDUFA goal date set for August 15, 2025, fueling investor optimism. Positive Phase 3 Trial Results Fuel Investor Confidence and Anticipation for […]
Read moreMarch 7, 2025 12:54 pm
Key moments HPE’s quarterly and full-year forecasts missed analyst estimates, leading to a significant drop in share price. The company announced a cost-reduction program involving layoffs, aiming for $350 million in savings by fiscal year 2027. HPE’s proposed acquisition of Juniper Networks faces legal challenges from the U.S. Justice Department, delaying the deal’s completion. HPE […]
Read moreMarch 7, 2025 11:39 am
Key moments Walgreens’ market capitalization has plummeted to $9.3 billion, a 90% decrease since 2015. The companies have agreed to an acquisition price of $11.45 per share. The final sale price, while roughly $10 billion, is a stark contrast to the company’s valuation of $100 billion a decade prior. $10 Billion Deal Concludes Decades of […]
Read moreMarch 7, 2025 10:49 am
Key moments Intuitive Machines’ stock plummeted 50% in 24 hours after its Athena lander’s uncertain lunar touchdown. Shares, closing at $11.26 on Thursday, dipped below $8 post-market, reaching a $7.05 low on Friday. The Athena mission’s landing difficulties echo past issues with the Odysseus lander. This pattern of landing precision problems has significantly diminished investor […]
Read moreMarch 7, 2025 10:36 am
Key moments Nvidia’s stock fell 5.7%, contributing to a near 18% year-to-date loss, driven by fears about AI demand and competitive pressures. Analysts point to increased competition and a change in market sentiment as factors impacting Nvidia’s stock performance. Despite the recent downturn, analysts still recognize Nvidia’s strong position in the AI market and its […]
Read moreMarch 7, 2025 10:29 am
Key moments 52-Week High Achieved: ECARX Holdings stock reaches a new annual peak following a major partnership announcement. Digital-Cockpit Solution Deployment: Volkswagen and Skoda brands to integrate ECARX’s Antora 1000 platform and Cloudpeak software. Expansion into Key Markets: Initial vehicle rollouts planned for Brazil and India, with potential for further global expansion. ECARX Shares Surge […]
Read moreMarch 7, 2025 9:29 am
Key moments Costco’s stock experienced a 2% drop to $1,026.62 following its Q2 FY2025 earnings release. The market’s reaction was primarily due to an EPS miss, with $4.02 falling short of the anticipated $4.11. Costco’s net sales soared to $62.53 billion, marking a 9.1% year-over-year increase. Revenue exceeded forecasts at $63.7 billion, and comparable sales […]
Read moreMarch 7, 2025 9:15 am
Key moments Broadcom’s stock experienced a significant rebound, climbing 14% in after-hours trading, following a 6.3% decline during the regular Thursday session. The company reported Q1 revenues totaling $14.92 billion, which exceeded the analyst projections of $14.61 billion. Revenue generated from AI-related products saw a 77% increase to $4.1 billion, fueled by strong demand for […]
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