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Citigroup 4Q earnings to reveal $3.78B hit from charges, additional reserves
Proactive Investors· 2024-01-11 12:06
About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...
Salesforce to pause all hiring - reports
Proactive Investors· 2024-01-11 09:19
Salesforce.com Inc is set to pause hiring to its technology and product divisions, Fortune has reported, citing an internal memo This will stretch to Salesforce subsidiary messaging service Slack, which the chief technical officer’s chief of staff, Ross Harmes, laid out in the update. “This isn’t our first rodeo with hiring pauses, but it’s definitely disruptive and will affect our plans in the first quarter and beyond,” Harmes wrote. “Remember, we won’t ask you to do the same amount of work with fewer pe ...
Facebook owner Meta hits 28-month high as advertising rebound emerges
Proactive Investors· 2024-01-11 08:56
Meta Platforms Inc (NASDAQ:FB) closed at a 28-month high on the Nasdaq this Wednesday following a 365-basis-point rally. Analysts have started to reassess the stock in the age of artificial intelligence, even as the Facebook and Instagram owner faces criticisms of disseminating potentially harmful content to minors. New Mexico Attorney General Raúl Torrez has accused the social media titan of enabling adults to “find, message and groom minors” for sexual exploitation, while Walmart and online dating conglom ...
Google cuts hundred of jobs in AR restructure
Proactive Investors· 2024-01-11 08:53
Google is culling hundreds of jobs in its AR (augmented reality) hardware and voice assistant businesses according to reports confirmed by the company. Exact details of the numbers involved were not released by the search engine giant, but the reports indicated that ‘a few hundred’ had gone in each division. Alphabet-owned Google has experienced limited success with its developments of AR “smart glasses” and is said to be looking to partner with a hardware group while it develops the operating system softwa ...
Amazon declines to assuage EU concerns over potential $1.7B iRobot acquisition
Proactive Investors· 2024-01-10 23:24
About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine. Read more About the publisher Pr ...
Aclaris Therapeutics shares torpedo on underwhelming dermatitis trial results
Proactive Investors· 2024-01-10 18:03
About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine. Read more About the publisher Pr ...
Goldman Sachs stock lower on analyst downgrade
Proactive Investors· 2024-01-10 17:36
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Amazon to lay off hundreds from streaming and studio divisions
Proactive Investors· 2024-01-10 15:56
About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine. Read more About the publisher Pr ...
Xeris Biopharma inks exclusive worldwide license agreement with Amgen for XeriJect in thyroid eye disease
Proactive Investors· 2024-01-10 15:52
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
GSK still a top pick in pharma sector for Deutsche Bank
Proactive Investors· 2024-01-10 14:49
Group 1 - Deutsche Bank has upgraded GSK's price target to 1,850p from 1,700p, indicating a positive outlook for the company [1] - GSK is ranked as a top pick in the pharmaceutical sector, alongside Novo and Novartis, while AstraZeneca, Roche, and Sanofi are considered less favorable options [1] - Berenberg predicts a strong finish for GSK in 2023, supported by the performance of its RSV vaccine Arexy [1] Group 2 - GSK announced the acquisition of Aiolos Bio for up to US$1.4 billion, which may enhance its portfolio and growth prospects [1] - GSK's shares eased slightly to 1,568p following the news [1]