Trade Snax

Updated

Cisco’s AI Push in Focus as Shares Fall on Tepid Networking Gear Demand

BY Reuters  • February 15, 2024February 15, 2024
By Samrhitha A (Reuters) – Cisco Systems fell more than 3% on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish dem[...]
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Newsletter Uncategorized Updated

Biogen sees flat 2024 sales, pick up in Alzheimer’s drug demand

BY Reuters  • February 13, 2024February 13, 2024
By Manas Mishra and Sriparna Roy (Reuters) -Biogen on Tuesday forecast flat 2024 product revenue as top-selling drugs face tough competition and sales of newer treatments take off slowly, but said the[...]
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Newsletter Uncategorized Updated

Moderna shares slide on concerns over drop in RSV vaccine efficacy (Feb 9)

BY Reuters  • February 12, 2024February 12, 2024
(This Feb. 9 story has been corrected to say efficacy of Pfizer’s shot fell from 89% to 79% in the mid-season two, not to 49% from 67% in 17 months, in paragraph 5) (Reuters) – Moderna fel[...]
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Newsletter Updated

Fed’s Barkin: Need more time before supporting rate cuts

BY Reuters  • February 8, 2024February 8, 2024
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for fu[...]
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Newsletter Uncategorized Updated

NFL-Vegas Spectacle Launches Super Bowl Week, With Taylor Swift’s Name on Everyone’s Lips

BY Reuters  • February 6, 2024February 6, 2024
By Ossian Shine LAS VEGAS (Reuters) -Super Bowl week opened on Monday night with a sensory-overload spectacle at the Las Vegas Allegiant Stadium, and a sprinkling of Taylor Swift. Bellowing announcers[...]
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Newsletter Uncategorized Updated

Factbox-What to Expect in 2024: Fed Pivot, Cooling Inflation, Easing Growth

BY Reuters  • February 5, 2024February 5, 2024
(Reuters) -Global growth will likely slow this year, but a dovish tilt in the Federal Reserve’s stance has raised hopes for the U.S. economy and brightened the outlook for riskier assets, accord[...]
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Newsletter Uncategorized Updated

Byron Allen seeks television assets in Paramount bid – sources

BY Reuters  • February 1, 2024February 1, 2024
By Dawn Chmielewski (Reuters) – Media mogul Byron Allen is focused on acquiring Paramount Global’s television networks and stations, people familiar with the matter said on Wednesday, as p[...]
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Newsletter Uncategorized Updated

Dollar rebounds as Fed’s Powell sees March rate cut as unlikely

BY Reuters  • January 31, 2024January 31, 2024
By Karen Brettell NEW YORK (Reuters) – The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not[...]
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GM Shares Jump as CEO Barra Promises Shareholders More Cash

BY Reuters  • January 30, 2024January 30, 2024
By Joseph White DETROIT (Reuters) -General Motors shares jumped Tuesday after the company gave investors an upbeat outlook for 2024 and signaled more capital will be returned to shareholders. “C[...]
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