Mixed sentiment prevails in world markets as asset classes positioned for the Fed’s potentially first rate cut since March 2020. The keenly anticipated decision of the Federal Open Markets Committee is scheduled to be announced at 2 PM ET. The CME Group’s closely monitored FedWatch Tool that tracks the expectations of interest rate traders now shows a 63-percent likelihood of a half-point cut and a 37-percent probability of a quarter-point easing by the Federal Reserve. Wall Street Futures are trading in mildly positive territory. European benchmarks are trading on a negative note. Asian stock indexes however finished trading on a…
Author: user
Independent Board Members Of Penny Stock 23andMe Resign, Call Out CEO Anne Wojcicki For Not ‘Actionable Proposal’ Despite Ample TimeOn Tuesday, the independent directors of the Board of 23andMe Holding Co. (NASDAQ:ME) sent a letter to Anne Wojcicki, Chief Executive Officer, Co-Founder, and Chair of the Board of Directors of 23andMe, providing their resignation, effective immediately.The board said, “After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders. We believe the Special Committee and the Board have provided ample time for you to…
TD Cowen has maintained its positive stance on Butterfly Network (NYSE: BFLY), reiterating its Buy rating and $3.00 price target for the company’s shares. The endorsement follows a panel discussion at the 9th annual TD Cowen FutureHealth conference, which took place recently, featuring an executive from Butterfly Network. During the event, the executive highlighted the company’s ongoing efforts to integrate artificial intelligence (AI) into their operations. According to the executive, Butterfly Network’s AI strategy is already being implemented, suggesting that the company is actively pursuing advancements in this area. Butterfly Network’s core technology already sets it apart in the market,…
Renowned for its diverse offerings, a prestigious American automaker stands out for its commitment to both innovation and heritage. Their lineup boasts a unique blend of sedans, SUVs, crossovers, and even a glimmer of futuristic electric vehicles, with a flagship “jewel” exemplifying the brand’s push towards electrification. While the compact CT4 might be nearing its end, the larger CT5 has received a comprehensive refresh for the 2025 model year, encompassing both standard and high-performance V-Series and Blackwing trims. The brand is further solidifying its electric future by introducing EV counterparts for its popular crossover models the XT4 and XT5 will…
‘Justified’ star Timothy Olyphant has acted alongside his younger daughterJohn Shearer/WireImage Alexis Knief and Timothy Olyphant attend the 2023 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 12, 2023 in Beverly Hills, California.Though Timothy Olyphant is an empty nester, he keeps his three kids, Grace, Henry and Vivian, top of mind.The Deadwood star and his wife, Alexis Knief — who met while attending the University of Southern California and married in 1991 — became parents in 1999 with the birth of their daughter, Grace. The couple expanded their family in…
Nissan North America is facing a recurring challenge of excess inventory, which has led the automaker to implement production cuts for the second year in a row. To address this issue, Nissan has announced a significant reduction in output at its Smyrna and Canton plants for September and October 2024, totaling 40,000 vehicles. This decision follows a similar move taken last year and underscores the ongoing difficulties the company faces in managing its production levels. The production cuts come amidst concerns raised by Nissan dealers about the impact on their profitability. Despite a slight increase in sales in the first…
Sirius XM Holdings (NASDAQ: SIRI) investors have struggled to lock onto a signal from the satellite radio giant. The stock is down 55% this year amid disappointing results with concerns about whether the company can manage to move the dial toward stronger growth.The good news is that the company remains a category leader with an audience of over 150 million listeners across its platforms. The potential that Sirius XM finally gets its strategy right highlights the attraction of the stock with a significant opportunity to monetize next-generation audio formats.Let’s discuss what investors should do with Sirius XM stock now.The case…
If you’re a boomer in or near retirement, your nest egg and Social Security might not be enough to finance your lifestyle and provide generational wealth to hand down. If you want to ensure you don’t outlive your savings and you aren’t interested in returning to work, passive income is the name of the game.Florida’s Retirees Are Fleeing: Here’s Where They’re Going InsteadSocial Security Cuts: 5 Ways Boomers Should Prepare for the Upcoming Cost of LivingHere are a few of your best options for money without labor.Earning passive income doesn’t need to be difficult. You can start this week.Dividend Stocks…
(Reuters) -Rogers Communications said it would buy Bell’s stake in Maple Leaf Sports & Entertainment for C$4.7 billion ($3.46 billion) to become the majority owner of the Canadian sports firm behind the Toronto Raptors basketball team and NHL’s Toronto Maple Leafs.The purchase of Bell’s 37.5% stake will double Rogers’ ownership in the company and deepen its bet on sports investments that include the Toronto Blue Jays of Major League Baseball.For Bell, the deal could aid a restructuring prompted by the ongoing decline in its legacy phone and news business. U.S.-listed shares of the Canadian telecom firm were up more than…
Image source: Getty Images For years, the Aviva (LSE: AV) share price couldn’t catch a break. Now it’s flying, up 23.76% in the last 12 months and 33.79% over five years. That’s a pretty nifty return for an established FTSE 100 blue-chip operating in a mature and competitive sector. Especially as my figures only show share price growth. Throw in Aviva’s ultra-high dividend, and the 12-month total return is closer to 30%. Over five years, investors will be almost 70% to the good. Today, Aviva shares come with a trailing yield of 6.81%. That’s forecast to hit 7.25% in 2024…