FINANCE
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Shareholders approve Carrefour bid to take Brazil unit private
SAO PAULO (Reuters) – Shareholders in Carrefour’s Brazil unit, Atacadao SA, voted to take it private after a bid by the French retailer to do so, according to a securities filing on Friday. Carrefour will pay 8.50 reais ($1.50) in cash per class A preferred share held in Carrefour Brasil, as proposed by the parent company earlier in April. Newspaper…
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Why Novo Nordisk Stock Popped Today
Novo Nordisk (NYSE: NVO), the Danish drugmaker that’s been riding high ever since it began putting out Ozempic and Wegovy GLP-1 injectables for treatment of diabetes and weight loss, got another shot in the arm yesterday — one that helped the stock dodge the market downturn entirely and end the day somewhat in the green. The same news that helped…
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“A Tour de Force Quarter – Robert Ford Is Keeping the Miles White Legacy Alive”
We recently published a list of Jim Cramer Defended American Superiority and Discussed These 13 Stocks. In this article, we are going to take a look at where Abbott Laboratories (NYSE:ABT) stands against other stocks that Jim Cramer discussed. In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer highlighted the often-overlooked role of currency fluctuations and explained why…
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Redrow begins construction of Elm Grove housing project in UK
House builder Redrow has initiated the construction of a new housing project, Elm Grove, in Trowbridge, Wiltshire, UK, that will introduce 247 homes. The project includes one- to four-bedroom properties from the company’s Heritage Collection, which blends 1930s arts and crafts-inspired architecture with modern interiors. The homes will feature open-plan living areas and design details, stated the company. The Elm…
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Why a top strategist is sticking with his call for stocks to surge 22% even as the trade war roils markets
Lucky-photographer/Shutterstock Craig Johnson isn’t deterred from his bullish S&P 500 call despite soaring market volatility. The Piper Sandler strategist said he still expects the S&P 500 to surge to 6,600 by year-end. “When people are vomiting up stocks, you gotta be in there cleaning it up,” Johnson said. In the aftermath of President Donald Trump’s “Liberation Day,” one strategist on…
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“Let’s See What He Says First”
We recently published a list of Jim Cramer Talked About These 8 Stocks. In this article, we are going to take a look at where Caterpillar Inc. (NYSE:CAT) stands against other stocks that Jim Cramer discusses. On Friday, Jim Cramer, the host of Mad Money, expressed concern over President Donald Trump’s focus on the long-term benefits of tariffs as he…
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Does It Have a $2.2 Billion Problem or a $2.2 Billion Opportunity?
As a real estate company, Opendoor (NASDAQ: OPEN) approaches the market from a unique direction as the buyer and seller of thousands of homes each year. Even as other companies like Zillow have exited this business model, Opendoor still operates in 50 markets today, and it has thousands of homes in its inventory. Those homes, worth $2.2 billion at the…
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Rio Tinto announces start of iron ore rail cars production with Gemco
Metals and mining company Rio Tinto has announced the start of production of its first iron ore rail cars built in Western Australia (WA). The company is investing A$150m ($94.8m) to procure 100 rail cars as part of its operations in the Pilbara region. This expansion is expected to create up to 25 jobs in Pilbara. The new cars are…
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UBS informs Italian unions of plans to cut one third of jobs in the country
MILAN (Reuters) -Swiss bank UBS informed unions in Italy on Tuesday of plans to cut 180 jobs, or around a third of the total, in the country, documents reviewed by Reuters showed. One of the letters to unions seen by Reuters showed that UBS planned to shed 18 jobs out of 34 at UBS Fiduciaria, an asset custody services company…
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Why an analyst sees the record-setting gold rally headed for a 38% crash in coming years
Getty; BI Record-high gold prices could see a steep correction in the coming years, according to one analyst. There are long-term trends that could push bullion back to $1,820, Morningstar’s Jon Mills says. That implies a 38% decline for the metal from current levels. Gold has become a surprise winner of the Trump trade as investors seek shelter amid the…
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