Super Micro’s stock is a clear ‘AI winner,’ but here’s why Goldman is cautious
Super Micro Computer Inc. is a proven “AI winner” according to Goldman Sachs analyst Michael Ng, but that doesn’t necessarily mean you should buy the stock. With the shares up nearly 1,000% since the start of 2023, they’re “fairly valued,” in Ng’s view. He initiated coverage of Super Micro’s stock SMCI, +24.61% with a neutral […]
JetBlue-Spirit Airlines merger called off
A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. The CEOs of […]
Traders will be looking for subtle signs of shift at ECB meeting
Christine Lagarde is expected to give little away at the European Central Bank’s upcoming monetary policy meeting in Frankfurt this Thursday meaning markets will be left looking for subtle signs of the bank’s intentions as investors are increasingly pricing in cuts for June. The bank will almost certainly keep interest rates unchanged at 4%, having […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
What to stream in March 2024: Taylor Swift, ‘3 Body Problem,’ ‘Shōgun’ are tops
Big names, big budgets and big events are on tap for March’s streaming calendar. However you look at it — from Kate Winslet’s steely glare to Jake Gyllenhaal’s ripped abs; from Netflix’s $160 million series “3 Body Problem” to Apple’s $200 million movie “Napoleon”; or from “Taylor Swift: The Eras Tour” to March Madness — […]
Investor group raises Macy’s buyout bid by nearly $1 billion
Arkhouse Management and Brigade Capital are raising their offer to buy Macy’s by almost $1 billion, in hopes of taking the department-store chain private. In a statement Sunday, the investor group said it was increasing its bid to acquire Macy’s M, +3.27% to $24 a share, or about $6.6 billion, up from a bid of […]
Stock rally, rate-cut forecasts get tested by Powell’s testimony and jobs report
A four-month-long U.S. stock market rally, partly fueled by investors’ expectations for interest rate cuts in 2024 by the Federal Reserve, faces a test posed by pair of big events in the week ahead. The first is Federal Reserve Chairman Jerome Powell’s semiannual testimony to Congress on Wednesday and Thursday, followed by Friday’s official jobs […]
Legion M taps fans, investors to make movies
William Shatner attends the William Shatner handprint ceremony hosted by Legion M during 2022 Comic-Con International: San Diego at Theatre Box on July 21, 2022 in San Diego, California. Emma Mcintyre | Getty Images When Paul Scanlan and Jeff Annison first dreamed up their production studio, Legion M, they set out to build not just […]
Opinion: U.S.-China tensions over Taiwan threaten to derail Nvidia and other tech giants
The concentration of advanced semiconductor manufacturing in Taiwan has raised fears in the United States about the vulnerability of this supply chain should China blockade or invade the island. The U.S. CHIPS and Science Act seeks to address that vulnerability with $52 billion in subsidies to encourage semiconductor manufacturers to relocate to America. But the legislation, […]
Viking Therapeutics emerges as competitor
Cr | Istock | Getty Images Biotech company Viking Therapeutics has emerged as a strong potential entrant — or takeover target — in the budding weight loss drug market. Viking is just one of several companies racing to join the growing space. Some analysts say the market could be worth $100 billion by the end […]
