NOAA GOES East satellite image of Hurricane Milton on Oct. 8th, 2024.NOAA GOES EastHurricane Milton weakened slightly Tuesday but remained a ferocious storm that could land a once-in-a-century direct hit on Tampa and St. Petersburg, engulfing the populous region with towering storm surges and turning debris from Helene’s devastation 12 days ago into projectiles.Almost the entirety of Florida’s west coast was under a hurricane warning as the storm and its 155 mph (250 kph) winds spun just off Mexico’s Yucatan peninsula, creeping toward the state at 12 mph (19 kph) and sucking energy from the Gulf of Mexico’s warm waters.Milton’s…
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Cantor Fitzgerald began coverage on shares of Bicara Therapeutics Inc (NASDAQ:BCAX), assigning an Overweight rating to the biopharmaceutical company. The firm highlighted the potential of Bicara’s leading drug candidate, ficerafusp alfa, which is being developed as a treatment for head and neck squamous cell carcinoma (HNSCC). Bicara Therapeutics is at the forefront with ficerafusp alfa, a bifunctional antibody targeting EGFR and TGF-β. The drug is progressing towards a Phase 3 trial for first-line HNSCC, bolstered by promising Phase 2 data. The analyst at Cantor Fitzgerald expressed optimism about the drug’s prospects, suggesting that it could establish itself as a standard-of-care…
These are the upcoming stock splits for the week of October 7 to October 11, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split.In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.Companies often undertake stock splits to…
Image source: Getty Images The Imperial Brands (LSE: IMB) share price was posting a very healthy gain this morning (8 October) after publishing an update on trading to coincide with the end of its financial year. Let’s see what’s got investors cheering from the stands. Holding steady Perhaps most importantly, the company said it had been trading “in line with expectations“. That’s reassuring given the pressures many consumer defensive stocks have faced over the last year or so. Investment in its five priority markets also seems to have helped Imperial to maintain its market share with gains in Spain, Australia…
BOSTON – Amwell (NYSE: AMWL), a digital care company, has partnered with Hello Heart, a preventive heart health firm, to offer cardiovascular care solutions to health plan clients. This collaboration, announced today, integrates Hello Heart’s digital program into Amwell’s Converge platform, enabling members with heart disease risk factors like high blood pressure and high cholesterol to manage their conditions more effectively. The United States faces a significant burden from heart disease, the leading cause of death, with treatment costs averaging $12,500 per member annually for health plans. Nearly half of all U.S. adults suffer from high blood pressure, a major…
Image source: Getty Images The Vistry Group (LSE:VTY) share price is down 35% at the start of trading on Tuesday (8 October). News of a costing error means the stock’s falling, taking other FTSE 100 housebuilders with it. There’s a lot of risk for shareholders to consider – and these go beyond the latest news. But as I see it, I’m wondering whether this could potentially be one of the best buying opportunities of the decade. Fear and greed Vistry’s South Division has miscalculated the costs for nine of its 46 developments. The error is about 10% of the total…
(Reuters) – U.S. stock index futures gained on Tuesday, recovering after a selloff in the previous session, as investors await fresh clues on the interest rate path from key inflation data and the third-quarter earnings season that starts later this week.All three major indexes closed down around 1% on Monday, as a jump in Treasury yields, concerns about the impact of rising conflict in the Middle East and a repricing of U.S. rate expectation pressured equities.At 5:35 a.m. ET, U.S. S&P 500 E-minis were up 20 points, or 0.35%, Nasdaq 100 E-minis were up 75.75 points, or 0.38%, Dow E-minis…
By Nora Eckert DETROIT (Reuters) – General Motors (NYSE:) will seek to soothe shareholders’ worries on Tuesday that lagging demand for electric vehicles and perceived peak demand for gasoline-powered trucks will create a rough road ahead for the automaker. CEO Mary Barra and her executive team will emphasize at investor day in Spring Hill, Tennessee, that profit margins have not peaked on traditional internal combustion engine (ICE) powered vehicles, and its EV sales are ramping up, sources previously said. Investors are also expecting more details on the automaker’s restructuring in China, as well as updates around its Cruise autonomous vehicle…
Image source: Getty Images As a long-term investor who likes to buy into in world-class businesses, I tend to steer clear of really cheap FTSE 100 stocks. Twenty years of investing in the stock market has taught me that cheap stocks are often cheap for a reason. Recently though, I spotted a Footsie stock with a very low valuation and I decided to snap it up for my ISA. Here’s a look at the stock and why I bought it. The stock’s JD Sports Fashion (LSE: JD.), the athletic footwear and sportswear retailer that has over 4,000 stores worldwide. I’ve…
By Supantha Mukherjee STOCKHOLM (Reuters) -Social media users in the European Union will be able to make complaints against Facebook, ByteDance’s TikTok and Alphabet (NASDAQ:)’s YouTube over content moderation to a new independent body set up in Ireland. The body, supported by Meta Platforms (NASDAQ:)’ Oversight Board Trust and certified by Ireland’s media regulator, will act as an out-of-court dispute settlement body under the EU Digital Services Act (DSA). Until now, individuals and organisations using social media have had limited options to challenge the content decisions of social media companies without going to court. Appeals Centre Europe will start before…