China’s Caixin PMI returns to expansion in August
A private gauge of China’s factory activity swung to expansion in August, thanks to improved supply and market demand. The China Caixin manufacturing purchasing managers index rose to 51.0 in August from 49.2 in July, according to data released Friday by Caixin Media Co. and S&P Global. The rebound came after the index stayed below […]
HHS wants to reclassify marijuana: What it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, on Thursday, Dec. 29, 2022. Jeenah Moon | Bloomberg | Getty Images This week, the Department of Health and Human Services asked the Drug Enforcement Agency to consider easing […]
Barry Diller says studios should cut Netflix from strike talks
Barry Diller Mike Newberg | CNBC Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it’ll be “catastrophic” to the industry. The media mogul, speaking on the podcast “On with Kara Swisher,” said the strikes would only strengthen streaming giant Netflix during a tumultuous time for […]
Hong Kong morning trading session canceled due to typhoon
Hong Kong’s morning trading session has been canceled due to a typhoon alert issued by the government, which is currently at signal No. 8. “If typhoon Signal No. 8 or above, or any announcement of extreme conditions, remains issued at 9:00 a.m. (Hong Kong Time), the morning trading sessions for all markets will be canceled,” […]
Lululemon (LULU) earnings Q2 2023
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China. The athletic apparel retailer now expects sales […]
PagerDuty’s stock is up then down following 19% jump in revenue
PagerDuty Inc.’s stock initially inched higher in extended trading Thursday after the cloud-computing company reported quarterly results that breezed past analysts’ revenue and earnings estimates. Subsequently, they fell into negative territory. “We continued to build on our momentum in the enterprise market. We helped companies manage critical work and the way they operate,” PagerDuty Chief […]
Ozempic could face Medicare drug price negotiations next
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Ozempic, the blockbuster diabetes treatment from Novo Nordisk, could be next in line in the price negotiations between manufacturers and […]
Taylor Swift Eras Tour concert film, Exorcist open same day
Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Move over, Barbenheimer. This next big movie duo will make your head spin. A concert film of Taylor Swift’s “The Eras Tour” is hitting […]
Oil prices rise as bulls attempt to salvage monthly gain
Oil futures climb on Thursday, with bulls looking to salvage a monthly gain for crude as signs of tight supplies provided support. Price action West Texas Intermediate crude for October delivery CL00, +1.11% CL.1, +1.11% CLV23, +1.11% was up $1.31, or 1.6%, at $82.94 a barrel on the New York Mercantile Exchange. Front-month WTI futures […]
Polestar (PSNY) earnings Q2 2023
The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software. Courtesy: Polestar Swedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a positive gross margin – and confirmed that its next two […]
