Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investor Starboard Value has called on Pfizer’s leadership to take action and hold management accountable for its underperforming performance. This comes as Starboard publicly discussed its plans for the pharmaceutical company after acquiring a … Read more
Janet Yellen, the Treasury Secretary, addressed world financial leaders on Tuesday, emphasizing the strength of the U.S. economy under the Biden administration’s rejection of isolationism. This was seen as a criticism of former President Donald Trump’s policies, just two weeks before the U.S. election. Yellen highlighted the U.S. economic growth during the IMF and World … Read more
Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more
Microsoft, a leading enterprise software company, saw a bullish reversal in September, gaining over 3% for the month despite some profit-taking in recent sessions. The stock has been hovering around the 50-day moving average, indicating a potential buying support level. While Microsoft is not yet ready for a new breakout to all-time highs, it is … Read more
Li Ning Company Limited (“Li Ning” or the “Company”) has announced that its subsidiary, LN Co, has entered into a Subscription and Shareholders’ Agreement with Founder Co, HongShan Venture, HongShan Motivation, and the JV Company for the formation of a joint venture in the British Virgin Islands. The JV Group’s main objective will be to … Read more
Stay up to date with important corporate, financial, and political developments worldwide. Stay informed and identify potential risks and opportunities with unbiased global reporting, expert analysis, and trustworthy commentary. Sign up to access this article and enjoy unlimited reading for just CA$1 for the first 4 weeks, with a monthly fee of CA$99 thereafter. This … Read more
You need to be able to navigate ambiguity and be very creative. You need to be able to work in a fast-paced environment. And you need to be able to work in a very diverse environment, with people coming from all over the world. You need to have a lot of empathy for others because … Read more
Before the opening bell, let’s take a look at the companies that are making headlines. The Cheesecake Factory saw its shares increase by over 3% after activist investor JCP Investment Management acquired a stake in the company and urged it to consider spinning off three of its brands into a separate entity. General Motors’ shares … Read more
Verizon exceeded expectations by adding more wireless subscribers than anticipated in the third quarter. The U.S. telecom giant’s promotional offers and bundled plans, which include 5G along with streaming services like Netflix, played a key role in attracting customers. The increasing popularity of Verizon’s myPlan, a customizable package that offers streaming benefits such as Disney+, … Read more
Kimberly-Clark Corporation (NYSE: KMB) announced its third-quarter 2024 results on Thursday, exceeding earnings expectations but falling short on revenue projections. The company also adjusted its full-year forecast for organic sales growth. The consumer goods company reported adjusted earnings per share of $1.83, beating the analyst consensus of $1.70. However, revenue for the quarter came in … Read more