[ad_1] (Bloomberg) — Singapore Post Ltd.’s sudden dismissal of three senior executives, and their strong denials of the company’s allegations against them, calls for an independent inquiry, according to Singapore’s investor watchdog. Most Read from Bloomberg “The disclosures from the company and the responses from the three executives thus far raise more questions than provide answers,” David Gerald, president of the Securities Investors Association Singapore, said in a statement on Jan. 2. There is a fundamental difference in positions taken by the two parties and “the only way to properly resolve this is via an independent investigation,” he added. SingPost…
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[ad_1] CNBC’s Jim Cramer on Friday walked investors through next week’s market action, highlighting new economic data from the nonfarm payroll report and the latest purchasing managers’ index, as well as earnings from grocery giant Albertsons.”It’s a light week, but still impactful, accept that people will be on edge ahead of Friday’s employment report,” he said. “Still, I think you should do some buying if the market gets hammered. As we saw today, it’s not nearly as bad out there as so many think.”Monday’s PMI report will provide Wall Street with a solid look at the economy, Cramer said, but…
[ad_1] New York, New York–(Newsfile Corp. – January 3, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Cassava Sciences, Inc. (NASDAQ: NASDAQ:) between February 7, 2024 and November 24, 2024, both dates inclusive (the “Class Period”), of the important February 10, 2025 lead plaintiff deadline. SO WHAT: If you purchased Cassava securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Cassava class action, go to https://rosenlegal.com/submit-form/?case_id=22374 or call…
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[ad_1] Maximo F. Nougues, Chief Financial Officer of Puma Biotechnology, Inc. (NASDAQ:), a profitable biotech company currently valued at $144 million with a P/E ratio of 6.14, recently sold 10,227 shares of common stock. The transaction, which took place on January 2, 2025, was executed at a weighted average price of $3.1517 per share, resulting in a total value of approximately $32,232. Following this sale, Nougues retains ownership of 152,295 shares in the company. The sale was part of a pre-established trading plan under Rule 10b5-1, adopted on December 14, 2020. According to InvestingPro analysis, PBYI currently trades below its…
[ad_1] Microsoft plans to invest $80 billion to build data centers in fiscal 2025, aiming to use them to power the development and use of artificial intelligence (AI). The company is doing so amid a “golden opportunity for American AI,” Microsoft Vice Chair and President Brad Smith wrote in a Friday (Jan. 3) blog post. More than half of this investment in AI infrastructure will be deployed in the United States, according to the post. “The massive datacenters that make all this possible are being built by construction firms, steel and other manufacturers, and innovative advances in electricity and liquid…
[ad_1] New York, New York–(Newsfile Corp. – January 3, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marqeta , Inc. (NASDAQ: NASDAQ:) between May 7, 2024 and November 4, 2024, both dates inclusive (the “Class Period”), of the important February 7, 2025 lead plaintiff deadline in the securities class action first filed by the Firm. SO WHAT: If you purchased Marqeta securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To…
[ad_1] (Bloomberg) — Zero-day options on the S&P 500 Index surpassed all other expirations combined in the fourth quarter for the first time ever, the latest milestone to mark the growing dominance of the short-term contracts. Most Read from Bloomberg Trading in options expiring the same day averaged more than 1.5 million contracts a day in the last three months of 2024, accounting for 51% of the overall S&P 500 Index options volume, according to Cboe Global Markets Inc. data compiled by Asym 500, triple the amount from the same period in 2021. At that time, so-called 0DTE volume was…
[ad_1] By Manya Saini and Niket Nishant (Reuters) -Citigroup’s stock could double in value over the next three years as profits surge, expenses moderate, and the “most significant” reorganization in five decades improves management accountability, Wells Fargo (NYSE:) analysts wrote in a note on Friday. The third-largest U.S. lender is the brokerage’s “dominant pick” among large-cap banks under almost any scenario, barring a recession. The analysts raised their price target to $110 from $95, while maintaining an “overweight” rating. Citi’s shares rose as much as 1.6% to $71.09. The vote of confidence marks a notable win for Citi CEO Jane…
[ad_1] Winston Churchill observed: “Americans will always do the right thing… right after they have tried everything else”. Hopefully America (and New York state) will do the right thing with respect to energy policy where we have failed abysmally so far. Instead of an energy policy, America has a carbon prohibition policy that mandates impossible Net Zero carbon goals, but ignores future energy needs. By 2050 America’s electricity demand will double, and world-wide demand will quadruple, but there is no energy unicorn waiting in the wings to save us from the Alice-in-Wonderland delusions of politicians and climate cultists. The rest…