Investing.com – Colombia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Colombia, the fell 0.44% to hit a new 1-month low. The best performers of the session on the were Etb (BVC:), which rose 6.67% or 5.00 points to trade at 80.00 at the close. Meanwhile, Organizacion Terpel SA (BVC:) added 1.20% or 120.00 points to end at 10,120.00 and Celsia SA (BVC:) was up 1.15% or 45.00 points to 3,960.00 in late trade. The worst performers of the session were Corporacion Financiera Colombiana (BVC:), which…
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Dallas, Texas–(Newsfile Corp. – October 2, 2024) – Incannex Healthcare Inc. (NASDAQ: IXHL): Stonegate Capital Partners initiates their coverage on Incannex Healthcare Inc. (NASDAQ: IXHL) To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Advancing proprietary, synthetic first and best-in-class cannabinoid and psychedelic-assisted therapeutics Conducting FDA phase 2/3 trial, IHL-42X, for the treatment of Obstructive Sleep Apnea (OSA) IHL-42X pivotal phase 2 top-line data expected first half 2025 Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional…
By Doyinsola Oladipo and David Shepardson NEW YORK/WASHINGTON (Reuters) -A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations currently scheduled between the two sides, sources told Reuters. The lack of progress is raising concerns among those reliant on shipments that the disruption could be prolonged. The International Longshoremen’s Association union strike has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, which analysts warn will cost the economy billions of dollars a day. President Joe Biden’s administration has put…
Costco Wholesale (COST) is getting further into the precious metals business. While gold bars and silver coins have previously been top of mind for shoppers, the retailer is now adding a third precious metal: platinum.Costco is selling the one-ounce platinum bars for $1,089.99 on its website, alongside its popular gold bars and silver coins. The platinum bars are available for purchase online only to loyalty members. They cannot be delivered to Louisiana, Nevada, or Puerto Rico.In April, the company struck gold — almost literally. At the time, Costco was reportedly raking in $200 million each month by selling gold bars,…
The other day, a fledgling street safety group in my city held a meeting to discuss whether it should commit itself exclusively to advocating for “non-carceral” solutions.Not long into this conversation, a young man took the mic. He admitted that he was nervous to be there in front of this group, because he actually didn’t believe that non-carcerality was all that important. He was tired of fearing for his life every time he walked, biked, or waited for the bus. He wanted reckless drivers to experience consequences like police stops, and maybe even jail; maybe, fear of those consequences might…
Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected. Shares of Levi’s fell more than 7% in extended trading Wednesday.Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 33…
If you are wringing your hands over large-cap stocks due to high market concentration and lofty valuations, allocating to small-cap stocks may give you some peace of mind. Beyond concentration and valuation considerations, there are several good reasons why this is a good time to consider adding small caps to your portfolio. As the US stock market reached all-time highs in June, market concentration among large-cap stocks also approached levels not seen since the Tech Bubble. The top 10% of names account for about 66% of the total market cap of the Russel 1000 Index as of May 31. Stock…
Image source: Getty Images Nvidia (NASDAQ: NVDA) shares have generated amazing gains for me in recent years. But I’ve made some big mistakes with the growth stock that have cost me a dearly. Looking ahead, I’m determined not to make these same mistakes with another stock I’m excited about. If I play my cards right, I reckon this stock can deliver blockbuster gains in the long run. I should have pulled the trigger earlier I can pinpoint at least three mistakes I’ve made with Nvidia stock over the years. The first was not buying when I originally spotted an investment…
On Wednesday, Bernstein SocGen Group maintained its Underperform rating on Tesla shares (NASDAQ:) with a steady price target of $120.00. The firm expressed skepticism about Tesla’s growth prospects, particularly in terms of unit sales for the current year. Despite the potential for lower prices and favorable financing, Bernstein SocGen Group highlighted that achieving positive unit growth would still fall significantly short of Tesla’s initial goal of maintaining over 50% unit growth annually. The firm pointed out that earnings per share (EPS) estimates for the fiscal year 2024 have dropped from nearly $7 in late 2022 to approximately $2. This shift…
By Tom Polansek and P.J. HuffstutterCHICAGO (Reuters) – Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make hamburgers due to limited domestic supplies, traders and industry members said.The labor strike blocks everything from shipments of automobiles to containers filled with Guatemalan bananas and Italian wine from loading or unloading at dozens of ports from Maine to Texas. Along with beef, imports of seafood and U.S. exports of chicken are being disrupted.Even short-term disruptions to shipments could snarl the broader U.S. food supply chain, according to…