Baupost Group’s Seth Klarman found the next ‘hunting ground’ for value investors
The hedge fund investor said ‘there might be opportunities to buy’ as real estate comes under more pressure.
Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demand
CEO Rosalind Brewer said Walgreens will increase its cost-cutting program to $4.1 billion and take action to increase profitability in the health-care segment.
Delta lifts profit forecast thanks to strong demand and premium tickets
Delta said consumers continue to book and trade up to more expensive cabins.
Microsoft CEO Satya Nadella set goal of $500 billion in revenue by 2030, court filing shows
A court filing released on Monday showed that last year Microsoft CEO Satya Nadella provided a goal for his company’s top-line financials through 2030.
Eli Lilly experimental obesity drug could beat rivals in total weight loss for patients
Obese or overweight patients who took Eli Lilly’s retatrutide lost 58 pounds on average, the pharmaceutical company said in a mid-stage clinical trial.
Ford conducts engineering layoffs in U.S. and Canada
Ford has been restructuring its operations for several years under its Ford+ plan, led by CEO Jim Farley.
Biden announces $42 billion high-speed internet initiative
More than 7% of the country, or more than 8.5 million homes and small businesses, is considered underserved, with internet speed below government standards.
Goldman says these stocks will give the biggest returns while allowing you to sleep easier at night
The Wall Street firm rebalanced its High Sharpe Ratio basket for investors seeking risk-adjusted returns.
‘The 2024 elections are going to be a mess’ because of A.I. and misinformation: Former Google CEO Eric Schmidt
While Schmidt said social media companies are working on protections from false information generated by AI, “they haven’t solved it yet.”
