Author: starbpo

Tempus AI Inc. is about to offer investors a way to make money at the point where AI and medicine meet. Healthtech company Tempus TEM, which was founded in 2015, wants to sell 11.1 million shares for $35 to $37 each. At the high end of that price range, the company could raise just over $410 million. Tempus’s technology tries to make lab tests more personalised by looking at results along with other medical data about a patient. In its prospectus, the company said, “Our goal is to embed AI, including generative AI, into every aspect of diagnostics so that…

It’s good news for Tesla that sales have gone up in China, but not enough for shares to break out of their recent range. The Chinese Passenger Car Association says that in May, Tesla delivered 72,573 cars from its plant in Shanghai. Tesla doesn’t say how many cars are sold each month or in each region. Exports are part of that number. Most of the time, local sales start later in the month. The number for May is almost 17% higher than the April number. The number is down about 7% year over year, but it is getting better over…

In premarket trading on Wednesday, shares of Hanesbrands Inc. HBI, -2.13% rose 6.9% towards a two-month high. This came after the company said it had agreed to sell its Champion athletic clothing business to Authentic Brands Group for a deal that could be worth up to $1.5 billion. The deal is set to close in the second half of 2024, and there is a chance to get $300 million in cash if certain performance goals are met. Hanesbrands thinks the deal will bring in a net of $900 million for the company. “We think this deal will help the company…

Thursday, Ollie’s Bargain Outlet announced a plan for the next CEO that will change the company’s top leadership. John Swygert, who has been CEO since 2019, will become executive chairman early next year, the Harrisburg, Pennsylvania-based discount store said. For immediate effect, Eric van der Valk was made president. In early 2025, he will take over as CEO from Swygert. Additionally, Robert Helm was made executive vice president right away, and on June 17, Chris Zender was hired as executive vice president and chief operating officer. After working for Ollie’s for more than 20 years, Swygert is credited with helping…

As markets adapted to the pattern of Trump delivering an ultimatum and then offering a climbdown or concession that avoids worst-case scenarios, the over 20% recovery in the S&P 500 index SPX has been dubbed the “Trump always chickens out” or “TACO trade.” After the tariff wars started on April 2, traders grew used to discounting future trade agreements and de-escalation. Although the S&P 500 index has recovered all of its 2025 losses and is now slightly positive for the year, BCA strategists caution against investor complacency and a stock market that has not adequately priced in risks. They point…

as hours on Wednesday, PVH Corp.’s stock dropped as the parent company of Calvin Klein and Tommy Hilfiger lowered its full-year profit forecast, blaming the effect of tariffs on shipments into the United States. PVH (PVH) is “navigating an increasingly uncertain consumer and macroeconomic backdrop,” according to Chief Executive Stefan Larsson, who also said that “we’re not yet fully able to offset that impact.” The prediction was made after the business’s first-quarter earnings exceeded Wall Street’s projections. The viral marketing campaign for a new underwear line featuring rap superstar Bad Bunny earlier this year was cited by executives as one…

Yesterday, middle- and high-income consumers seeking to cut costs helped Dollar General Corp.’s first-quarter performance. However, the outcomes meant more to UBS analysts. As stated in a research note, “This was one of those prints that shifted the narrative,” according to UBS analyst Michael Lasser. “The conversation went from whether Dollar General can stage a recovery to, is Dollar General underearning its longer-run potential?” The corporation was “only scratching the surface of what it could attain,” he said, after sales and earnings growth and an optimistic but possibly cautious future. Nevertheless, despite reporting gains on Tuesday, Dollar General’s (DG) stock…

Shares of Phunware Inc. fell to their lowest level since January after the mobile-advertising software company announced a large stock-sale program. The at-the-market equity distribution program, where shares are sold at market prices through a broker, aims to raise up to $120 million. This amount is about 161% of Phunware’s current market value of $46 million. Phunware’s stock dropped 9.6% in midday trading, heading for its lowest close since January 12. This was the day before the stock surged 453.5% on January 16, following Donald Trump’s projected win in Iowa’s Republican caucuses. The company emphasized that it was not increasing…

A steadier environment this spring boosted U.S. stocks to new record highs, but Friday’s jobs report is one of three major risks that could disrupt the summer market calm. The S&P 500 index has risen over 10% in 2024, with late May seeing Wall Street’s fear index (VIX) and the bond market’s MOVE gauge both hitting their lowest levels since March 2022, when the Federal Reserve began raising rates. Recent market stability is due to a “convergence” of investor expectations that the Federal Reserve will only cut rates twice this year and manage a soft landing for the U.S. economy,…

On Tuesday, BP shares were hit hard after S&P Global lowered its outlook for the British oil company. The reason given was worries that the company might not be able to pay off its debts with its plans to buy back shares. S&P Global changed its outlook for BP from “positive” to “stable.” The ratings agency said that BP’s current plans to buy back shares make it unlikely that the oil giant will be able to lower its $24 billion debts, which is bad news for CEO Murray Auchincloss, who took over the company this year. BP BP, -4.02% BP,…