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Trump Shares Savage Bidenica Sleep Aid Parody on Truth Social

Breaking Local News ReportJune 27, 20240

Trump’s Latest Ad Takes Comedic Aim at Biden with “Bidenica” Parody Donald Trump has unveiled a new political ad that humorously targets President Joe Biden, suggesting he relies on a fictional medication called “Bidenica” to handle the pressures of his presidential responsibilities. The skit, first aired on Fox News during the Jimmy Failla show, titled “Bidenica,” mimics the format of a pharmaceutical commercial and is filled with light-hearted jabs and satirical commentary. The commercial begins with soothing background music and a voiceover introducing “Bidenica” as a miracle solution that helps Biden manage his duties. It features exaggerated clips of Biden

Belleville Police Department Shares Heat Safety Tips Amid Scorching Temperatures

Breaking Local News ReportJune 18, 20240

BELLEVILLE, NJ – With a severe heatwave expected to hit the area, the Belleville Police Department has issued urgent safety advice to help residents cope with the upcoming dangerously high temperatures and humidity. The intense heat is forecasted to last from Tuesday through Thursday, with temperatures likely to reach the mid to high 90s. Heat Safety Recommendations: Emergency Preparedness: Heat stroke is a serious medical emergency. The Belleville Police remind everyone to be aware of the signs of heat exhaustion and heat stroke, and to act swiftly if symptoms appear. Immediate action and medical attention can be lifesaving. For emergencies,

SCOTT SHEPARD: Hate Woke Corporatism? Vote Your Shares Against It In Minutes

The Daily CallerMarch 16, 20240

SCOTT SHEPARD: Hate Woke Corporatism? Vote Your Shares Against It In Minutes Scott Shepard on March 15, 2024 The fight against woke corporate non-capitalism grinds on, with the forces of free markets and non-partisan corporate management beginning to secure some big wins. Now there’s another tool to fight woke – one that shareholders can use, whether they own a few shares or millions. It’s called ProxyNavigator. In recent years the left has taken control of an astonishing array of American companies. Under acronyms such as ESG and DEI and claims about being “responsible citizens,” corporations have enacted policies and programs

Reckitt to challenge $60 million baby formula verdict, shares sink

ReutersMarch 15, 20240

(Reuters) -Reckitt Benckiser said on Friday it would pursue all options to have a $60 million verdict overturned in a lawsuit related to its Enfamil baby formula in the United States as it stood by the safety of all its products. London-listed shares of the consumer goods giant dropped more than 15% to their lowest in a decade, as the verdict triggered fears that Reckitt would face more financial liabilities from lawsuits related to the baby formula. An Illinois jury ordered Reckitt unit Mead Johnson on Wednesday to pay $60 million to the mother of a premature baby who died

Toyota shares hit record high after earnings upgrade, domestic rivals in focus

ReutersFebruary 6, 20240

TOKYO (Reuters) – Toyota Motor shares hit a record high on Wednesday after its earnings upgrade the prior day, with rivals Honda and Nissan also posting gains on expectations their solid hybrid lineups may benefit from cooling interest in electric vehicles. Weakening momentum for battery-powered vehicles has led many overseas automakers to scale back roll-out plans for EVs or cut production targets as lower government subsidies and high interest rates make EV purchases harder for customers. Toyota’s strong financial performance in the third quarter was helped by robust demand for gasoline-electric hybrid vehicles, the world’s top-selling automaker said on Tuesday.

Robert Half expects weak quarterly revenue on sluggish hiring activity, shares slip

ReutersJanuary 30, 20240

(Reuters) – Recruitment services firm Robert Half forecast first-quarter revenue slightly below Wall Street estimates on Tuesday, hit by sluggish hiring activity. Shares of the Menlo Park, California-based company fell more than 11% in after-market trading. Businesses are cutting back on recruitment services as they hire cautiously and lay off their employees to rein in costs in an uncertain economic environment. “While job opening demand continues to be above historical levels and candidate supply remains tight, the velocity of hiring remains impacted and there is less churn in the labor force,” CEO Keith Waddell said in a post earnings call.

Whirlpool shares slip after weaker-than-expected annual forecasts

ReutersJanuary 29, 20240

(Reuters) – Whirlpool forecast full-year sales and profit below analysts’ estimates on Monday, as the home appliance maker navigates pricing pressure from rivals and higher expenses, sending its shares down about 4% in extended trading. The white goods maker said it eliminated about $800 million in costs in 2023, and expects to cut up to $400 million more this year. The company had last year said it would sell up to 24% of its stake in its India business to reduce debt. Whirlpool faces competition from rivals such as China’s Midea, pressuring it to lower prices as cash-strapped consumers look

Holcim shares indicated 7.1% higher after North American listing plan

ReutersJanuary 29, 20240

ZURICH (Reuters) – Holcim shares were indicated to open significantly higher in premarket activity on the Swiss stock exchange on Monday after the building materials giant unveiled plans to separate and list its North American business. The company’s shares were indicated 7.09% higher according to premarket information from Julius Baer. Holcim on Sunday said it will spin off 100% of its North American operations in a New York flotation which could value the business at $30 billion. The plan is to give shares to shareholders in a spin-off. The company also named Miljan Gutovic, the head of its Europe region,

Morgan Stanley Direct Lending Fund’s shares tick down in market debut

ReutersJanuary 24, 20240

(Reuters) – Shares of Morgan Stanley Direct Lending Fund (MSDL) dipped 1% in their market debut on Wednesday, as investor appetite for new issues continues to remain muted. The fund chiefly invests in riskier bonds, like those issued by middle-market companies or by private equity firms looking to finance their acquisitions. Such bonds typically fetch higher interest than top-rated corporate debt. The lukewarm debut comes days after a tepid reception to Kazakhstan-based banking and fintech giant Kaspi.kz, and underscores that investors continue to be cautious around new listings. MSDL’s stock began trading at $20.45 apiece compared with the IPO price

US court clears Altana Fund to take part in auction of shares in Citgo parent

ReutersJanuary 24, 20240

By Marianna Parraga and Gary McWilliams (Reuters) -A U.S. court on Wednesday ruled that a holder of Venezuelan bonds, Altana Credit Opportunities Fund, could seek proceeds from an auction of shares in Citgo Petroleum’s parent, whose first bidding round closed this week, to pay the country’s creditors. A court officer appointed for the Delaware case, first brought by miner Crystallex in 2017, this month released a list of 17 creditors cleared to obtain proceeds from the sale of shares in PDV Holding, whose only asset is Citgo. The ruling paves the way for Altana to cash in its roughly $530

Jack Ma bought Alibaba shares worth $50 million in fourth quarter – NYT

ReutersJanuary 23, 20240

(Reuters) – Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending the company’s U.S.-listed shares up around 7%. Ma bought $50 million worth of Hong Kong-traded stock, the report said, citing a person with knowledge of the matter. It added Tsai purchased about $151 million worth of Alibaba’s U.S.-traded shares in the quarter through his Blue Pool Management family investment. The Jack Ma Foundation, which handles media queries for the Chinese billionaire, did not immediately respond to a Reuters

China regulator removes draft video game rules from website; shares jump

ReutersJanuary 22, 20240

By Josh Ye HONG KONG (Reuters) -China’s gaming regulator has removed from its website rules it proposed last month aimed at curbing spending and rewards that encourage playing video games, checks by Reuters on Tuesday showed, in a move that boosted gaming company shares. The link to the draft rules on the National Press and Publication Administration’s (NPPA) website was inaccessible as of Tuesday morning, after having worked on Monday. The consultation period on the rules, which sparked market turmoil when they were first announced, expired on Monday. The removal was described by analysts as unusual, with some saying a

Interest jumps in US auction of shares in parent of Venezuela-owned Citgo

ReutersJanuary 22, 20240

By Marianna Parraga and Gary McWilliams HOUSTON (Reuters) – Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum, Venezuela’s foreign crown jewel, according to people familiar with the matter, as a first-round bidding is set to close on Monday. The sale, expected to be one of the largest U.S. court auctions, was launched in October by a Delaware judge to settle a long-running legal battle against Venezuela for expropriations and mounting debt defaults since it nationalized foreign-owned energy and mining assets

Super Micro Computer shares surge as AI server demand powers big forecast raise

ReutersJanuary 19, 20240

By Akash Sriram (Reuters) – Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong demand for artificial intelligence servers. The company is also riding a rising need for its liquid cooling solutions from data centers processing more generative AI applications. “We speculate that the company’s upside is importantly driven by earlier-than-expected hyperscale engagements, that are keen on deploying quickly liquid cooled racks that uniquely falls into Supermicro’s area of expertise,” Rosenblatt Securities analyst Hans Mosesmann wrote in a note. The upbeat

Goldman strategists see value in small caps, consumer staples shares

ReutersJanuary 16, 20240

By Lewis Krauskopf NEW YORK (Reuters) – Small-cap stocks and shares of consumer staples companies may be pockets of value in an increasingly expensive U.S. stock market, Goldman Sachs strategists said on Tuesday. A rally that has taken the S&P 500 within striking distance of a fresh record high has also made stocks more expensive on a historical basis: the index’s price-to-earnings now stands at 20 times, from 17 times in October. That puts its current valuation in the 85th percentile historically since 1990, the strategists, led by David Kostin, said in their latest weekly Kickstart note. The valuation for

Grifols shares suffer worst week on record after short-seller report

ReutersJanuary 12, 20240

MADRID (Reuters) – Shares in Spanish pharma firm Grifols dropped another 10% on Friday, bringing their weekly loss to nearly 40% after short-seller Gotham City Research accused the Barcelona-based business of manipulating its financial accounts. The fall since Monday is the biggest weekly tumble on record amid a surge in trading volumes, according to LSEG data. When contacted by Reuters this week, Grifols rejected Gotham’s allegations, which were made in a report published on Tuesday. Grifols, which makes medicines from human blood plasma, has also said it will sue the short-seller and seek compensation. After Friday’s fall, the company’s stock

Factbox-What is Grifols and why have its shares slumped?

ReutersJanuary 9, 20240

(Reuters) – Spanish drugmaker Grifols, whose shares slumped on Tuesday after hedge fund Gotham City Research questioned its accounts, has grown from a family-run blood testing lab founded in Barcelona in 1909 to a global firm with a big U.S. presence. Grifols categorically denied any wrongdoing. In a regulatory filing it called the report “false information” and said it had disclosed all information with integrity and transparency. To finance its international expansion, Grifols has taken on debt, which leading credit ratings agencies rate at below investment-grade. As well as factories in North Carolina, the company has a new facility due

U.S. ‘soft landing’ scenario could boost healthcare, industrials shares -MS strategists

ReutersJanuary 8, 20240

By Lewis Krauskopf NEW YORK (Reuters) – A “soft landing” economic scenario in the United States could boost an array of stocks ranging from healthcare to industrials to small-cap shares, depending on how strong growth is, Morgan Stanley strategists said in a note on Monday. Most market participants and macro forecasters expect a soft landing for 2024, which involves muted economic growth, falling inflation and more accommodative monetary policy from the Federal Reserve, the Morgan Stanley equity strategists led by Michael Wilson said. In such a scenario, the strategists expect strength with “defensive growth” shares including healthcare and late-cycle cyclicals

Volvo Cars posts record annual sales but shares still dip

ReutersJanuary 5, 20240

HELSINKI (Reuters) -Volvo Cars sold a record number of vehicles in 2023, it said on Friday, boosted by electric car demand and stabilising supply chains, but its growth rate eased towards the end of the year and the share price slipped in early trade. The number of cars sold in one year rose by 15% to 708,716 last year, Volvo said, adding that demand for fully electric vehicles (EV) was especially good and had grown by 70% from 2022. “The all-time-high sales record is a demonstration of Volvo Cars’ strong electrified product portfolio in combination with a more stabilised supply

Corcept loses patent spat against Teva, shares tumble

ReutersJanuary 2, 20240

(Reuters) -A U.S. judge ruled in favor of Israel’s Teva Pharmaceutical Industries in a patent infringement lawsuit brought by Corcept Therapeutics, sparking a frenzied sell-off in shares of the California-based drug developer. Corcept’s shares fell nearly 38% in trading after the bell. The lawsuit was tied to Korlym, Corcept’s drug to treat Cushing’s syndrome, which creates an excess of the hormone cortisol and causes high blood sugar, among other things. Teva has been looking to sell a generic version of Corcept’s Korlym drug. Its application to do so was approved by the U.S. Food and Drug Administration in 2020, but

Alibaba Group says repurchased $9.5 billion worth shares in 2023

ReutersJanuary 2, 20240

(Reuters) -China’s Alibaba Group said on Tuesday it had repurchased a total of 897.9 million of its shares for $9.5 billion during 2023. The shares were bought in both the U.S. and Hong Kong stock markets, the company said in a filing. The e-commerce giant said the remaining amount the company’s Board had authorized for its share repurchase program, which is effective through March 2025, was $11.7 billion. “Our share repurchase program resulted in a net reduction of 3.3% in our outstanding shares in the last 12 months after accounting for shares issued under our ESOP (employee stock ownership plan),”

Fisker delivers 4,700 electric cars in 2023, shares jump

ReutersDecember 29, 20230

(Reuters) – Fisker said on Friday its electric vehicle deliveries jumped more than four-fold during the final quarter, helping it hand over about 4,700 vehicles for the year. The rise in quarterly sales volume was primarily driven by strong demand for the Fisker Ocean SUV, priced at about $69,000, the company said. Fisker started making its first deliveries to U.S. customers in June. The company will announce a plan in January to boost sales and deliveries to align production capacity with strong demand for the Ocean SUV, Fisker said. Shares of the California-based EV company were up more than 10%

Brazil’s Azul, Gol secure credit lines for engine maintenance; shares rise

ReutersDecember 27, 20230

By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airlines Azul and Gol have secured access to around $200 million each in financing to fund engine maintenance plans, as carriers try to maintain capacity to meet strong demand for air travel. Planemakers and airlines around the world are facing major engine supply hurdles, limiting aircraft deliveries and capacity growth while pressuring maintenance teams and increasing costs. Azul said late on Tuesday it had received approval to access a $200 million government-backed credit facility to finance engine maintenance for its Embraer and Airbus fleet, with services provided by GE Celma. Rival Gol

Trump shares poll showing voters associate potential second term with “revenge”

ReutersDecember 26, 20230

By Gram Slattery WASHINGTON (Reuters) – Republican presidential contender Donald Trump posted a poll on Truth Social on Tuesday, highlighting that the word voters most associate with a potential second term under his command is “revenge.” With campaigning ramping up ahead of the first Republican nomination contest, the post followed a separate Truth Social message on Christmas Day, in which the former president called on his political opponents to “rot in hell.” The fact Trump re-posted the poll, presented in the form of a word cloud with “revenge” placed centrally in bright red capital letters, suggests his self-described “retribution” agenda

Brazil airlines shares rise on relief amid Lula push for lower ticket prices

ReutersDecember 19, 20230

By Gabriel Araujo SAO PAULO (Reuters) – Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices was not as heavy-handed as some expected, amid President Luiz Inacio Lula da Silva’s personal campaign to make airfare more affordable. Carrier Azul rose over 4% in Sao Paulo trading, while rival Gol gained more than 3%, among the top gainers on benchmark stock index Bovespa, which was up 0.6%. Both agreed with Lula’s government on Monday to cap prices for millions of domestic tickets. “Our view is the market expected something worse,” analysts at