Top Stories Archives - Page 74 of 1424

1 minute read

Party Like It’s 1999: ’90s Fashion Is Making A Comeback — These Stocks Are Benefiting

May 31, 9:32 AM

'90s fashion is making a comeback with help from social media and trendy endorsements. Companies like Abercrombie & Fitch and American Eagle are seeing strong sales, while experts suggest thrift shopping may also be on the rise.

AEO

2 minute read

Gilead’s Trodelvy Fails To Hit Primary Goal In Late-Stage Study With Most Common Type Of Bladder Cancer

By Vandana Singh

May 31, 9:27 AM

Gilead Sciences' announced topline results from the Phase 3 TROPiCS-04 study on Trodelvy for metastatic urothelial cancer. The study did not meet the primary endpoint of overall survival but showed numerical improvements favoring Trodelvy.

GILD

2 minute read

FDA Extends Review Deadline For Regeneron/Sanofi’s Dupixent For ‘Smoker’s Lungs’ Disease

By Vandana Singh

May 31, 9:23 AM

The FDA extends the target action date for reviewing Dupixent as an add-on treatment for uncontrolled COPD to September 27, 2024. This follows the submission of additional efficacy analyses from pivotal trials. European Medicines Agency also supports Dupixent for COPD.

REGN

2 minute read

Faraday Future Stock Rebounds After 91% Crash In 8 Days; CEO Addresses ‘Misperceptions,’ Discusses ‘Overcoming Short Selling’

By Surbhi Jain

May 31, 9:02 AM

Faraday Future's stock rebounds 13.3% after 91% crash. CEO reassures investors about dilution & bankruptcy risks. Plans strategic update in 1-2 months.

FFIE

2 minute read

Top Stories

Apple, JPMorgan, Corning And More On CNBC’s ‘Final Trades’

By Avi Kapoor

May 31, 8:57 AM

On CNBC's "Halftime Report Final Trades," Stephanie Link of Hightower said Apple Inc. is still down 5% from its highs.

AAPL

1 minute read

Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea

By Anusuya Lahiri

May 31, 8:49 AM

Alibaba's AliExpress has doubled its users in South Korea to 8.58 million by investing $1.1 billion in a new logistics center, facing competition from Coupang and other Chinese e-commerce platforms.

AMZN

2 minute read

Top Stories

Jim Cramer: Beyond Meat Is ‘Way Too Risky,’ Warby Parker Is ‘Alright To Buy’

By Avi Kapoor

May 31, 8:47 AM

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Warby Parker Inc. (NYSE:WRBY) is “alright to buy.“

AMD

3 minute read

China’s ‘Decapitated’ Chip Sector Is Thrown $50B Lifeline

By Natan Ponieman

May 31, 8:44 AM

U.S.-China relations under Biden marked by efforts to block access to advanced chips. China investing $47.5B for self-reliance. Biden's measures aim for domestic production and block China's advances.

AMD

2 minute read

Fed’s Preferred Inflation Gauge Matches Estimates; Personal Income, Spending Slow More Than Predicted

By Piero Cingari

May 31, 8:43 AM

The headline inflation rate held steady at 2.7% year-on-year in April 2024, matching economist expectations.

SPY

2 minute read

OpenAI’s Apple Deal Sparks Concerns In Microsoft, Could Shift AI Market Dynamics

By Anusuya Lahiri

May 31, 8:22 AM

Microsoft concerned about potential Apple-OpenAI deal as it could impact its own AI ambitions. Altman aims to replace Google as Apple's search partner.

AAPL