(Reuters) – Healthcare-focused Glenview Capital Management has established a large position in CVS Health (NYSE:) and will meet top executives at the struggling healthcare company on Monday to propose ways it can improve its operations, The Wall Street Journal reported on Sunday. The hedge fund’s founder Larry Robbins plans for the potential start of an activist stance as CVS amounts to about $700 million of his $2.5 billion hedge fund, the report added citing a person familiar with the matter. Glenview’s position is a sign of Robbins’s belief in the company’s potential and his confidence he can get executives to…
Author: user
The Chevrolet Silverado, America’s most affordable full-size light duty pickup truck, has received minor updates for the 2025 model year. Despite a slight increase in the base price, the Silverado remains more affordable than its competitors, including the Ford F-150, Toyota Tundra, and Ram 1500. While there are no significant changes to the design or performance, the 2025 Silverado does offer a few new features and options. These include two additional exterior colors, new wheels, standard cruise control on the base trim, and improved audio and parking assistance systems on select models. Chevrolet Silverado 2025 Update: Affordable Full Size Pickup…
Blue Origin, a pioneering space company, has been successfully launching cargo and astronauts into Earth’s orbit using its New Shepard rocket. This single stage rocket will soon be joined by its larger and more powerful counterpart, the New Glenn. The New Glenn, a two-stage rocket designed for commercial payloads, has completed a crucial fire test of its second stage, bringing it closer to its maiden launch in November. Standing at an impressive 320 feet tall and boasting a spacious fairing capable of accommodating three school buses, the New Glenn is propelled by seven BE-4 engines, renowned as the most powerful…
Image source: Getty Images Cash ISAs are popular financial products. According to the UK government, Britons had around £290bn stashed in them at the end of the 2022/23 tax year. But could this ISA ever be scrapped in the future? Potentially, I believe. I wouldn’t be surprised to see it ditched at some point. Because the way I see it, scrapping it could give both the wealth of the nation and the UK stock market a major boost in the long run. Of course, nobody has suggested it will happen and that’s just my opinion. Please note that tax treatment…
Finding a stock that can increase in value more than 50% in a single year doesn’t come easy. What’s more, just because a stock has the potential to grow quickly doesn’t mean it will. Any number of factors could influence the future stock price for a company: not just the company’s financial results, but ongoing market sentiment, not to mention the outlook for the economy as a whole.But one candidate has already proven it can consistently produce market-beating results, and it looks well positioned to do so again. Celsius Holdings (NASDAQ: CELH) has seen its stock beaten down over the…
Lamborghini, the iconic Italian automaker, has been experiencing unprecedented success in recent years, partly thanks to the growing trend of “YOLO” spending and the brand’s commitment to innovation and electrification. The company’s latest offerings, including the Urus SE plug-in hybrid super-SUV, the Temerario ‘entry level’ supercar, and the Revuelto V12-powered flagship, have captured the imagination of enthusiasts worldwide with their stunning designs, groundbreaking performance, and sustainable features. The Urus SE, a plug-in hybrid that combines the power of a V8 engine with an electric motor, delivers an astonishing 789 horsepower. This impressive output allows it to accelerate from 0 to…
By David Milliken LONDON (Reuters) – British business confidence ebbed slightly this month after reaching an eight-year high in July and August, as concerns about the broader economic outlook rose to a six-month high, a survey from Lloyds (LON:) Bank showed on Monday. Lloyds’ overall business barometer – which represents the difference between the percentage of firms with positive and negative views – fell by 3 percentage points to a three-month low of +47%. Businesses had a brighter view of their own prospects than those of the wider economy. “The more mixed picture for economic optimism points to some businesses…
Mercedes-Benz has announced that it’s increasing the speed limit for its Drive Pilot Level-3 automated driving system on German highways from 65 kph to 95 kph. This move reflects the company’s confidence in the system’s capabilities and is a significant step forward for Level-3 automation. However, the update is contingent on approval from German regulators. Drive Pilot has been touted as the world’s first certified Level-3 automated driving system and has received official certifications in several markets, including two US states. This has raised eyebrows among Tesla owners and fans, who often consider Tesla’s Autopilot, a Level-2 system, to be…
Stellantis’s North American division is currently grappling with declining sales of its iconic US quartet, including Jeep and Ram. The Hornet, a more affordable alternative to the Alfa Romeo Tonale, has failed to capture the market’s attention, further exacerbating the division’s financial woes. The discontinuation of the L-bodied Charger and Challenger, while expected, has also contributed to the sales slump. While the 2024 Dodge Charger Daytona EV offers a look into the future of electric performance, its high price point has limited its appeal. Stellantis Faces Sales Struggles Despite New Dodge Charger and Challenger Models (Dodge) The upcoming 2025 Charger…
Image source: Getty Images Lloyds Banking Group (LSE: LLOY) shares are up 23% so far in 2024. But on fundamentals, they still look cheap to me. I mean, we’re looking at a forecast price-to-earnings (P/E) ratio of under 10, dropping to seven based on 2026 forecasts. And it’s a stock with an expected 5% dividend yield. That’s a good bit better than the FTSE 100 average on both counts. And what if bank stocks are set for a strong decade? I see signs that they might be. The cuts start It’s all about interest rate cuts, and we’ve already had…