Meta readies AR glasses reveal at Connect event
By Katie Paul (Reuters) – Facebook (NASDAQ:META) owner Meta prepared on Wednesday to kick off its annual Connect conference at its California headquarters, where it is expected to preview its…
HSBC revises UK sector ratings: Boosts Telecoms, Real Estate, cuts Energy
Investinf.com — Analysts at HSBC in a note dated Wednesday have revised their sector ratings within the UK, reflecting a more cautious stance as the macroeconomic landscape remains uncertain. The…
Obesity drug developer BioAge Labs targets up to $640 million valuation in upsized US IPO
(Reuters) – BioAge Labs is eyeing a valuation of up to $639.7 million in its upsized initial public offering in the United States, the obesity drug developer said on Wednesday,…
Futures slip as investors await economic data, Fed rate clues
(Reuters) – U.S. stock index futures slipped on Wednesday, with investors avoiding big bets as they awaited more clues on the health of the economy and the outlook for interest…
Bank of America CFO says Fed seems to be winning inflation battle
(Reuters) – The Federal Reserve seems to be winning the inflation battle in the United States, Bank of America CFO Alastair Borthwick said at a conference on Wednesday. “The Fed…
Chinese stimulus pushes Asian markets to highest level in 2.5 years
Asian stocks rose on Tuesday, reaching their highest levels in more than two-and-a-half years, as a fresh wave of Chinese stimulus measures bolstered market sentiment. Investors were further encouraged by…
Byju’s loses appeal over $1.2 billion loan default as Delaware Supreme Court upholds ruling
Byju’s, the embattled Indian education technology company, suffered another significant setback on September 23 when the Delaware Supreme Court upheld a ruling that declared the company in default on its…
GE Vernova stock soared to a record high: brace for a pullback
GE Vernova (NYSE: GEV) stock price has done well as an independently traded company. It has surged for three consecutive weeks, reaching a record high of $254, which is about…
China to recapitalize major banks as profits sink and bad debt rises
In a significant move to address mounting financial pressures, China has announced plans to recapitalize its largest commercial banks for the first time in over a decade. The initiative is…
I’d avoid SLB and Baker Hughes and buy Weatherford stock
The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new…