November 13, 20240 Comments

Amazon, Chevron lead Wednesday’s market cap stock movers By Investing.com

Wednesday’s market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:) and Chevron (NYSE:) experiencing movement on the upside, while Advanced Micro Devices (NASDAQ:) faced a downturn. Investors are reacting to a mix of earnings reports, strategic announcements, and industry developments. Below are highlights of some of the biggest stock movers, from mega-caps to small caps. Mega-Cap Movers (Market Cap $200B+): Amazon Com Inc (AMZN); Apple (NASDAQ:) To

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November 13, 20240 Comments

EU regulators quiz Novo Nordisk, Catalent rivals on $16.5 billion deal By Reuters

By Foo Yun Chee and Maggie Fick BRUSSELS/LONDON (Reuters) – EU antitrust regulators have asked pharma rivals and customers for feedback in four business areas in light of Novo Holdings’ planned $16.5 billion takeover of Catalent (NYSE:), people familiar with the matter said. Novo Holdings is the controlling shareholder of Danish drugmaker Novo Nordisk (NYSE:), whose profits from blockbuster weight-loss drug Wegovy propelled it to become Europe’s most valuable company

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November 13, 20240 Comments

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact By Reuters

By Purvi Agarwal and Lisa Pauline Mattackal (Reuters) – Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the U.S. Federal Reserve on track to deliver another interest rate cut in December. The consumer price index rose 0.2% in October for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said, and advanced 2.6% on an annual basis. Excluding the volatile food

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November 13, 20240 Comments

Race for Japanese 7-Eleven owner heats up with founding family bid By Reuters

By Ritsuko Shimizu and Kane Wu TOKYO (Reuters) -Japan’s Seven & i Holdings has received a buyout proposal from a member of its founding Ito family, it said on Wednesday, a potential $58 billion white-knight bid as it weighs a rival offer from Canada’s Alimentation Couche-Tard The offer for Ito-Kogyo, a company linked to Vice President Junro Ito and a top shareholder in 7-Eleven owner, is non-binding and under review

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November 13, 20240 Comments

Super Micro Computer stock falls after delaying 10-Q filling By Investing.com

Super Micro Computer (NASDAQ:) shares dropped over 4% in premarket trading Wednesday following the company’s announcement of a delay in filing its quarterly 10-Q report for the period ending September 30, 2024. A Form 10-Q is the company’s quarterly financial report. In its press release, Super Micro Computer attributed the delay to unresolved issues related to an ongoing internal review of the company’s controls and reporting processes. The review, initiated

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