Investors looking to get in on the recent rise in real estate stocks should focus on quality, according to Bank of America. The real estate sector of the S & P 500 has been moving higher over the past month or so and is now up 10% year to date, after being in the red earlier this year. The sector hit a 52-week high last week. Real estate investment trusts are also an income play, often paying out attractive dividends. “Stocks with healthy yields become increasingly attractive in a Fed cutting environment,” Jill Carey Hall, an equity and quant strategist…
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In a year marked by significant volatility, Harris & Harris Group, trading as TURN, has seen its shares tumble to a 52-week low, reaching a price level of $3.31. This latest dip reflects a broader trend for the company, which has experienced a substantial 1-year change with a decline of -20.74%. Investors are closely monitoring TURN’s performance as it navigates through the current economic headwinds, with the stock’s movement being a clear indicator of the challenges faced by the firm in a rapidly shifting market landscape. The 52-week low serves as a critical point of analysis for both the company…
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! I’ve been thinking a bit about time — and specifically what trends, music, cultural practices, and even ways we move around that encapsulate a season or particular year. Gaming the algorithms seems to be an emerging symbol of this era of app-based transportation and gig workers. Take the NYT’s recent feature on a handful of Lyft “bike angels,” folks who receive incentives to help the company’s docked Citi Bike program meet demand.…
A unit of German conglomerate Siemens AG is investing $36 million in Wendell to improve customer experience and training, increase manufacturing and strengthen sustainability efforts — a move that could create 200 jobs in the Wake County town.The company said in a news release Thursday that it is putting the money into the Siemens Electrification and Automation U.S. Headquarters in Wendell to meet demand in its growing data center, semiconductor and utility sectors.The facility is expected to be home to a future 1.5 megawatt, solar-powered microgrid, the company said.“The decision to expand the medium- and low-voltage power distribution and switchgear…
OpenAI is once again confronting a major shakeup. We’re taking a keen interest because several stocks in the Club portfolio have ties to the startup behind ChatGPT. Less than a year after CEO Sam Altman’s short-lived ouster rattled the startup behind ChatGPT, OpenAI is said to be mulling a plan to adopt a for-profit structure and a trio of high-profile employees are leaving. The latest upheaval comes as Microsoft -backed OpenAI works to complete a blockbuster fund-raising round, which would value the firm at more than $150 billion, according to media reports. In the crosshairs of these developments are all…
United States Steel Corp. unveiled on Tuesday its first steel product certified as sustainable under the global ResponsibleSteel standard.The certification from ResponsibleSteel, a UK-based nonprofit, attests that the steel made at US Steel‘s Big River facility in Osceola, Ark., is created using raw materials that meet certain criteria on sourcing and production.It comes as US Steel is attempting to sell itself for $14 billion to Nippon Steel Corp. The deal is being reviewed by the Treasury Department, but has drawn national scrutiny concerns from President Joe Biden and Vice President Kamala Harris, and opposition from former … Source link
AI server maker Super Micro Computer (SMCI) stock tumbled 15% Thursday after The Wall Street Journal reported that the company is being probed by the US Department of Justice.The Journal, citing unnamed sources, said the DOJ is investigating the company for potential accounting violations. The issue was first brought to light by the short-selling firm Hindenburg Research in August in a report that accused Super Micro Computer of “glaring accounting red flags,” as well as “undisclosed related party transactions” and “sanctions and export control failures.”Super Micro declined to comment on the matter.Super Micro makes AI server equipment that uses Nvidia’s…
Onconova Therapeutics Inc. (NASDAQ:) stock has reached a 52-week low, touching down at the $6.0 mark. This price level reflects a significant downturn for the biopharmaceutical company, which specializes in discovering and developing novel products to treat cancer. Over the past year, Onconova’s stock has experienced a precipitous decline, with a 1-year change showing a decrease of -66.09%. This downturn highlights the challenges faced by the company in a competitive and high-stakes market, where investor confidence can be heavily influenced by clinical trial outcomes, regulatory hurdles, and market dynamics. In other recent news, Traws Pharma has made significant leadership changes,…
The Walt Disney Company (DIS) and DirecTV recently reached a deal that restores college football and other programming to the satellite TV providers over 11 million subscribers. The agreement offers enhanced choice, value, and flexibility to their mutual customers. Consequently, Disney’s complete linear suite of networks has been restored for DIRECTV, DIRECTV STREAM, and U-verse subscribers as both companies work toward finalizing a new, multi-year deal. As the entertainment landscape shifts, DIS’ multi-channel approach could unlock new revenue streams and drive future growth. Expanding Reach Through Traditional and Streaming Platforms The renewed partnership between Disney and DirecTV comes at a…
ATLANTA–(BUSINESS WIRE)–NCR Voyix Corporation (NYSE: VYX), a leading global provider of digital commerce solutions for the retail and restaurant industries, has once again been recognized by RBR Data Services, a division of Datos Insights, as the world’s largest provider of self-checkout technology extending more than two decades of leadership.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240926908499/en/NCR (NYSE:) Voyix recognized as the world’s largest provider of self-checkout technology ” leading for more than two decades. (Photo: Business Wire)NCR Voyix is at the forefront with innovative software and services as retailers continue to explore various self-checkout modalities, including mobile…