November 2024 – Page 33 – Best Day Investing

Billionaire Gautam Adani of India’s Adani Group indicted in US bribery case

NEW YORK (Reuters) -Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over an alleged multibillion-dollar fraud…

November 20, 2024

Economy

Morning Bid: Nvidia beats, but fails to provide spark

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Investors hoping that Nvidia (NASDAQ:NVDA)’s eagerly-awaited earnings after the U.S. close on Wednesday would inject renewed…

November 20, 2024

Economy

Fed’s Collins sees more rate cuts ahead for US central bank

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins reiterated on Wednesday she believes the U.S. central bank has more interest rate cuts…

November 20, 2024

Economy

Biden administrations moves to forgive $4.7 billion of loans to Ukraine

By Simon Lewis (JO:LEWJ) and Daphne Psaledakis WASHINGTON (Reuters) – The Biden administration has moved to forgive about $4.7 billion in U.S. loans to Ukraine, State Department spokesperson Matthew Miller…

November 20, 2024

Stock

News Corp says investors reject proposal to end dual class voting structure

NEW YORK (Reuters) – News Corp (NASDAQ:NWSA) said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family’s grip on the publisher by…

November 20, 2024

Stock

Weight-loss drug coverage rises among largest US employers, Mercer survey finds

(Corrects paragraph 9 to remove reference to self-insured plans; paragraph 13 to show it is a specific type of health plan; last paragraph to show survey included employers of 50…

November 20, 2024

Stock

Morgan Stanley upgrades insurer Lemonade to ‘equal-weight’

Investing.com – Morgan Stanley on Wednesday said it was upgrading insurer Lemonade Inc (NYSE:LMND) to “equal-weight” from “underweight” and raised its price target to $42 from $23. Shares of Lemonade rose 17.2%…

November 20, 2024

Stock

Elf Beauty stock slides after Muddy Waters says it has shorted its shares

By Nell Mackenzie LONDON (Reuters) – Muddy Waters (NYSE:WAT) has taken a short position in cosmetics company Elf Beauty, the hedge fund’s chief executive Carson Block said at the Sohn…

November 20, 2024

Stock

Wall St slips as Russia-Ukraine tensions escalate ahead of Nvidia earnings

By Abigail Summerville and Lisa Pauline Mattackal (Reuters) -Wall Street’s main indexes dipped on Wednesday, taking a break from the prior session’s rally as investors worried about escalation of Russia-Ukraine…

November 20, 2024

Stock

UAW says majority of workers at Ford joint-venture battery plant sign union cards

By Nora Eckert DETROIT (Reuters) – A majority of workers at a Ford Motor (NYSE:F) joint-venture battery plant in Kentucky have signed cards indicating their support for the United Auto…

November 20, 2024