November 26, 2024 at 1:00 pm

As AI Evolves, The FTC Takes Action Against Evolv’s AI Powered Security System Claims

The Federal Trade Commission (FTC) is taking action against the AI-powered securities systems company Evolv Technologies (NASDAQ: EVLV) claiming the company made false statements regarding the extent to which its security screening systems can detect weapons while ignoring harmless personal items. These systems have been placed in a variety of public settings such as arenas,… [Read More]
November 26, 2024 at 11:20 am

Stocks in Space: Rocket Lab and Mobix Propel the Future of the Final Frontier

The space industry buzzed with activity on Monday as Rocket Lab (NASDAQ: RKLB) and Mobix Labs (NASDAQ: MOBX) made headlines with launches, government contracts, and acquisition announcements. Here’s a breakdown of the latest developments: Rocket Lab: Record-Breaking Turnaround and CHIPS Act Award Rocket Lab achieved a major milestone, completing two successful launches within just 24… [Read More]
November 26, 2024 at 11:02 am

Biotech M&A: Poseida Therapeutics Acquired By Roche Holdings, Stock Surges Over 200%

Poseida Therapeutics, Inc. (NASDAQ: PSTX), a clinical-stage company specializing in allogeneic cell therapy and genetic medicines for cancer, autoimmune, and rare diseases, announced today that it has entered into a merger agreement with Roche Holdings, Inc. (OTCMKTS: RHHBY). Under the agreement, Roche will acquire Poseida for $9.00 per share in cash at closing, along with… [Read More]
November 26, 2024 at 10:22 am

Palantir’s (PLTR) Meteoric Rise: Game-Changing AI or Overhyped Valuation?

Palantir Technologies Inc. (NASDAQ: PLTR), a leader in enterprise software and artificial intelligence, has seen its stock skyrocket over 150% in 2024, fueled by the growing demand for AI solutions. The company’s Q3 2024 results surpassed expectations, with revenue growing 30% year-over-year to $726 million, and U.S. commercial revenue surging 54%. Yet, the stock’s valuation… [Read More]
November 26, 2024 at 9:52 am

“Wokeness” Rollback: Walmart Reevaluates Diversity Programs in Favor of Corporate Neutrality

Walmart (WMT), the largest private employer in the U.S., has announced significant changes to its diversity, equity, and inclusion (DEI) programs after conservative activist Robby Starbuck threatened to call for a boycott ahead of Black Friday. The changes come amidst growing criticism of corporate DEI initiatives by conservative groups. Policy Changes Announced Starbuck, known for… [Read More]
November 26, 2024 at 8:45 am

Stocks making the biggest moves premarket: Amgen, Best Buy, Abercrombie & Fitch, Stellantis and more

Take a look at the key players that gained attention ahead of the bell. Shares of Abercrombie & Fitch dipped nearly 4%, notwithstanding the clothing company’s better-than-expected earnings and favorable holiday season forecasts. Third-quarter earnings stood at $2.50 per share, outpacing the $2.39 LSEG consensus forecast with revenues hitting $1.21 billion, higher than the projected… [Read More]
November 25, 2024 at 4:39 pm

Archer Aviation’s Soaring Stock Signals Takeoff for the Flying Taxi Revolution

Archer Aviation (NASDAQ: ACHR) is making waves in the stock market, with its shares skyrocketing over 90% in the past month. The excitement centers on the company’s game-changing electric vertical takeoff and landing (eVTOL) aircraft, Midnight, which aims to reshape urban transportation. As the flying taxi industry eyes a $9 trillion market by 2050, Archer… [Read More]
November 25, 2024 at 12:46 pm

Black Friday 2024: Navigating Consumer Spending Amid Economic Shifts

As Black Friday 2024 approaches, retailers and analysts are closely monitoring consumer spending patterns, influenced by a combination of economic factors and evolving shopping behaviors. Projected Spending Trends The National Retail Federation (NRF) forecasts that total retail sales during the holiday months of November and December will grow between 2.5% and 3.5% over 2023, reaching… [Read More]
November 25, 2024 at 12:31 pm

On Santa’s Bad List: Macy’s Employee Hides Up to $154M in Expenses as Retailer Pushes Earnings Date to Next Week

Today the department store retailer, Macy’s (M) announced it will not be announcing earnings tomorrow and has moved its release date to next week due to an internal investigation being conducted in relation to an employee who has hid up to $154M in small package delivery expenses. Its anticipated that the recently terminated employee intentionally… [Read More]
November 25, 2024 at 11:20 am

The Department of Government Efficiency (DOGE): A Potential Game-Changer for Biotech

The Department of Government Efficiency (DOGE), launched by Donald Trump in collaboration with Elon Musk and Vivek Ramaswamy, aims to overhaul federal operations, with a specific focus on deregulating agencies like the FDA. For the biotech industry, these proposed reforms could dramatically reshape drug development, approval timelines, and market dynamics. The FDA’s current approval process… [Read More]