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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]
Tesla's revamped Model 3 rolls out in US
Proactive Investors· 2024-01-10 14:27
Tesla Inc (NASDAQ:TSLA) has rolled out a revamped version of the Model 3 electric vehicle in the US after a fierce price war with competitors last year. Featuring a new aerodynamic design, Tesla said the new model could go further on a single charge than previously, at 341 miles compared to 333 miles. Upgraded Model 3 is now available in North America → https://t.co/z1zvMWV1aK pic.twitter.com/WtNU27SYOk — Tesla (@Tesla) January 10, 2024 Tesla has faced scrutiny over the listed ranges of its vehicles, wit ...
TSMC, supplier to Apple and Nvidia, beats expectations as AI demand supports 4Q revenue
Proactive Investors· 2024-01-10 13:55
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 ...
Boeing recognises errors in Max incident but pressure expected long-term
Proactive Investors· 2024-01-10 12:21
Boeing Co (NYSE:BA, ETR:BCO) boss Dave Calhoun has said the company acknowledges errors after a piece blew off one of its 737 Max 9 jets, operated by Alaska Air, earlier this month. Speaking to employees on Tuesday, the chief executive said: “We're going to approach this, number one, acknowledging our mistake. “We’re going to approach it with 100% complete transparency every step of the way.” Boeing has faced pressure to shed light on the causes of the incident, which saw a door plug panel - where an exit w ...
Walmart unveils AI tools to help shoppers
Proactive Investors· 2024-01-10 11:09
Walmart Inc (NYSE:WMT) is planning to implement new artificial intelligence-based tools to help shoppers, according to a keynote speech at CES in Las Vegas by CEO Doug McMillon. Under the new plans, the big box shop has created two AI tools, one to help workers with store replenishment and one to help customers with searches, as well as an augmented reality tool. The AI search tool is said to allow customers to find a range of products on the app by searching by activities like ‘football watch party’ or ‘di ...
Amazon's Twitch to axe hundreds of staff
Proactive Investors· 2024-01-10 10:41
Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) streaming subsidiary Twitch is poised to lay off hundreds of staff after the business has failed to turn a profit since being taken over, reports say. According to Bloomberg, the company is set to announce 500 layoffs as early as Wednesday, representing 35% of its headcount. This follows cuts of around 400 jobs last year, with Bloomberg attributing the latest layoffs to “concerns over losses”. Amazon acquired Twitch for almost US$1 billion in 2014, with the streaming se ...
Barclays, Santander slash mortgage rates
Proactive Investors· 2024-01-10 09:05
Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) are the latest major lenders to slash mortgage rates.  Today, Barclays is expected to cut rates by up to 0.5 percentage points on products targeting homebuyers, including new two-year fixed-rate deals.  Barclays’ cheapest two-year fixed rate, which is only available to buyers with a deposit of at least 40%, will be cut from 4.62% to 4.17%.  It is also dropping its two-year fixed rate to 4.2% for buyers with a 25% deposit, while customers with a small dep ...