Soho House revives talks to quit the stock market in £1.4bn deal
Soho House’s billionaire chairman has revived efforts to take the private members’ club off the US stock market, backing a near $1.8bn (£1.4bn) buyout bid.
Why Is Vertex Pharmaceuticals Stock Trading Lower On Thursday After Back Pain Trial Data?
On Thursday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) announced results from its Phase 2 study of suzetrigine for painful lumbosacral radiculopathy (LSR), a disorder that causes pain in the lower back and hip that radiates down the back of the thigh into the leg. The study met its primary endpoint with a statistically significant and clinically meaningful reduction in pain on the numeric pain rating scale (NPRS). The suzetrigine arm showed a statistically significant and clinically mean
Micron Stock Plunges After Company Cuts Outlook, Analysts Raise Concerns
Micron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.
Vertex’s stock hurt after non-opioid pain drug shows benefit similar to placebo
Vertex said the Phase II trial met its primary endpoint, however there was only a minor difference to placebo.
Top Stock Movers Now: Darden Restaurants, CarMax, Micron Technology, and More
Major U.S. indexes rallied at midday Thursday, rebounding from Wednesday's selloff as a report showed the U.S. economy expanded more than anticipated in the third quarter.
Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send Stocks Into Free Fall: 'People Throwing Away Good And Bad'
The U.S. stock market experienced a severe selloff Wednesday after Federal Reserve Chair Jerome Powell‘s comments triggered what CNBC’s Jim Cramer described as “incredible panic” in the markets. What Happened: “People throwing away good and bad. Typical index fund behavior,” Cramer wrote on X, specifically highlighting concerns about small-cap stocks’ performance. “And all of those people who loved the Small Caps (the Russell 2000?) now what??” Don’t Miss: Warren Buffett once said, "If you don't
Wall Street Pins Hopes On Friday's Crucial Fed Inflation Report: Miracle Needed To Shift Narrative
If markets hope to recover from the sharp sell-off triggered by the Federal Reserve’s December meeting, Friday's release of the Personal Consumption Expenditure price index — widely regarded as the Fed’s preferred inflation measure — will play a crucial role. Unfortunately for investors, the outlook is far from reassuring. Scheduled for release at 8:30 a.m. ET Friday, economists expect the PCE price index to climb to 2.5% year-over-year in November 2024, up from 2.3% in October. This would mark
Darden Stock Surges as LongHorn Steakhouse Strength Powers Sales Growth
Shares of Darden Restaurants surged 14% Thursday as the company's second-quarter sales and adjusted profit beat expectations on strong LongHorn Steakhouse results.
Block Stock—and Three Other Fintech Picks from Oppenheimer Analysts
Shares of Block rose Thursday morning, offering a bit of relief after a recent decline that yesterday’s tech selloff extended, as Oppenheimer analysts turned bullish on the stock.
Why U.S. Celebs Like George & Amal Clooney's Global Real Estate Portfolio Is A Smart Hedge Against A Fluctuating U.S. Market
The U.S. housing market has been on a post-pandemic roller coaster, with fluctuating home prices, interest rates and a hostile political environment creating uncertainty among homeowners and investors. For the ultrarich, however, there is no need to rely purely on the vagaries of the U.S. housing market. Global real estate is where the smart money is, spreading investments across a broad swathe of trans-Atlantic holdings, diversifying portfolios and accumulating a collection of vacation homes. D