NYC council considers controversial $30 minimum wage proposal that has local businesses and economists warning of major economic consequences for workers.
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It’s a good time to be in the precious metals royalty business, and that certainly has been true this past year for Franco-Nevada Corp., which bills itself as “the leading gold-focused royalty and streaming company with the largest and most...
The Mega Millions jackpot has reached $60 million as players prepare for tonight’s drawing. This comes shortly after a player won half a billion dollars from the game. A Lucky Player from Florida Won $10M Last Friday’s Mega Millions drawing did not award a top prize since no player managed to match all six numbers [...]
New Fortress Energy reaches debt restructuring deal with creditors
Eli Lilly & Co. (NYSE: LLY ) shares faced downward pressure on Tuesday after HSBC analysts turned bearish, suggesting that the weight-loss market is overly optimistic regarding revenue potential. Analyst Rajesh Kumar downgraded the U.S. drugmaker from Hold to Reduce, while cutting the price forecast from $1070 to $850 . According to Bloomberg , the downgrade (the stock’s lowest on Wall Street) comes after a bit of back and forth. HSBC downgraded Eli Lilly’s stock to a sell-equivalent last April, citing excessive optimism and unattractive risk-reward. Four months later, they upgraded it to hold, noting potential upside if the obesity market maintains price discipline. However, they have now reassessed, stating that the stock is “priced to perfection” and the risk-reward is no longer balanced. The analysts expressed concern that Wall Street’s consensus for the obesity drug market—projected at over $150 billion by 2032—is too high. HSBC estimates global revenues of $80-$120 billion for the same period. A primary driver of this skepticism ... Full story available on Benzinga.com
DraftKings, MGM Resorts International, PENN Entertainment, Red Rock Resorts, and Rush Street Interactive are the five Casino stocks to watch today, according to MarketBeat’s stock screener tool. “Casino stocks” commonly refers to shares of companies that own or operate casinos, gaming resorts, and related hospitality businesses, whose revenues depend heavily on gambling activity and tourism. [...]
Delta Air Lines, American Airlines Group, and United Airlines are the three Airline stocks to watch today, according to MarketBeat’s stock screener tool. Airline stocks are equity shares issued by commercial airline companies, representing partial ownership in carriers that operate passenger and cargo flights. For investors, they provide exposure to the travel and transportation sector [...]
Adobe, Ziff Davis, DoubleVerify, Xunlei, and Townsquare Media are the five Digital Media stocks to watch today, according to MarketBeat’s stock screener tool. Digital media stocks are shares of companies whose primary businesses involve creating, distributing, or monetizing digital content and services—such as streaming platforms, social networks, online publishers, gaming companies, and digital-ad tech firms. [...]
Charming Medical, Diageo, UP Fintech, Regencell Bioscience, Hf Foods Group, RBB Bancorp, and Taoping are the seven Chinese stocks to watch today, according to MarketBeat’s stock screener tool. Chinese stocks are shares of companies incorporated in or that derive a substantial portion of revenues from the People’s Republic of China, whether listed on mainland exchanges [...]
IREN, TeraWulf, Marathon Digital, Cipher Mining, Riot Platforms, Cleanspark, and Eightco are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. “Bitcoin stocks” commonly refers to shares of publicly traded companies whose business models or balance sheets are significantly exposed to Bitcoin — for example, miners, cryptocurrency exchanges, infrastructure/service providers, or [...]
Bitfarms, Galaxy Digital, HIVE Digital Technologies, ZenaTech, Digi Power X, BIT Mining, and Soluna are the seven Cryptocurrency stocks to watch today, according to MarketBeat’s stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose businesses or balance sheets are materially exposed to cryptocurrencies—for example, miners, crypto exchanges, blockchain technology firms, payment processors, [...]