Microsoft Corporation (NASDAQ:MSFT) is one of the Best Stocks to Invest in for the Next 5 Years. On September 10, China Merchants Securities began coverage on the company’s stock with a “Buy” rating and a price objective of $585.00. The firm noted Microsoft Corporation (NASDAQ:MSFT)’s robust position in the cloud infrastructure, along with AI capabilities, as key factors placing it to further penetrate the SaaS market. China Merchants Securities Begins Coverage on Microsoft (MSFT) Stock Furthermore, the ...

Key Points After hitting a 52-week high in July, XRP has languished in price and now trades for just $3. XRP may get little or no bounce from the expected approval of spot XRP ETFs in October. If Bitcoin fails to rally at the end of the year, it's unlikely that XRP will follow suit. 10 stocks we like better than XRP › Cryptocurrency XRP (CRYPTO: XRP) remains mired in a month-long slump that has seen its price fall below the $3 mark. XRP is now down about 25% after hitting a new 52-week high in Ju ...

Jobless claims hit their highest level since 2021 last week, adding to recent labor market revisions that have fueled confidence the Fed will cut rates in September. Despite hotter CPI data, markets rallied on expectations of easing, with J.P. Morgan’s Elyse Ausenbaugh and UBS’s Mark Haefele urging investors to prepare portfolios for a rate-cutting cycle. If markets needed further evidence for a September rate cut, they got it: Initial jobless claims for the first week of September came back as the high ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about. From Chewy’s latest fashions to Office Depot’s new promise, here’s our closeout for the week. What you may have missed Mary Dillon, Frank Bracken and more depart Foot Locker as deal ...

According to local reports citing Natural Fiber Welding (NFW)’s CEO Steve Zika, the company, which develops technologies based on the sustainable use of plants and natural fibres, including its Mirum plant-based leather which is made with natural polymers, will not be closing but is exploring all options while “winding down operations”. “While we continue to explore all options, the board has made the difficult decision to begin the orderly wind down of the company’s operations,” said Zika in a statement ...

This story was originally published on BioPharma Dive. To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter. Today, a brief rundown of news involving Takeda Pharmaceutical and Maze Therapeutics, as well as updates from Intercept Pharmaceuticals, Soleno Therapeutics and Avidity Biosciences that you may have missed. Takeda on Thursday said Rhonda Pacheco will become head of its U.S. business unit on Sept. 29. Pacheco has been at Eli Lilly for more than a decade and, sinc ...

This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Dive Brief: Temperature-controlled food carrier Nagle Cos. is expanding its refrigerated trucking services with the acquisition of Kandel Transport, according to an Aug. 25 press release. Together, the combined Ohio-based operation will have 115 tractors, 200 trailers and an expected annual revenue of approximately $45 million. Kandel Transport will retain i ...

Crane NXT Co. (NYSE:CXT) said Friday it reached an agreement to acquire a stake in Antares Vision S.p.A., (OTC:ANTVF) with plans to take the Italian technology firm private. The move expands Crane NXT’s reach into life sciences and food and beverage markets. Crane NXT will purchase about 30% of Antares Vision from Regolo S.p.A. and Sargas S.r.L. at 5 euros per share, valuing the transaction at roughly 120 million euros. Under Italian takeover rules, it will then launch a tender offer for all other outstand ...

A leading bank says investors should drop their hopes for drop-ship giants UPS and FedEx. Both were downgraded by Bank of America on Thursday, as the closure of a loophole for cheap packages becomes an expensive headache for the cargo industry and retailers. READ ALSO: Overenthusiastic or Just Right? The AI Boom’s Goldilocks Question and Starbucks Whips Up Big Bids for Its Chinese Biz ‘De Majoris’ The leading factor clouding the business outlook for UPS and FedEx, of course, is President Donald Trump’s d ...

March of this year marked the 25th anniversary of the dot-com bubble doing what bubbles do: pop. In the months since, a growing cohort of prominent market observers and participants has warned that the current AI boom could represent a repeat. Among them are University of Michigan financial markets expert Eric Gordon, OpenAI CEO Sam Altman, Alibaba chair Joseph Tsai, Apollo chief economist Torsten Sløk and Bridgewater hedge fund leader Ray Dalio. They have a case worth taking seriously, but so does the ot ...