Latest Market News
Wells Fargo analyst Steven Cahall downgraded shares of Cable One Inc. CABO, +2.10% to equal-weight from overweight Monday, warning of the spending trajectory ahead for the broader cable universe. “While we think CABO has the strongest/best network-nearly 70% fiber by mileage-it’s also well known that incremental competition is coming to all areas, including rural,” Cahall […]
JPMorgan Chase & Co. JPM, +0.48% said Monday it’s paying an undisclosed sum to acquire Renovite Technologies Inc., a privately-held cloud payments technology company based in Fremont, Calif. and founded in 2015. Renovite Technologies has been a service provider to JPMorgan since 2021. Max Neukirchen, global head of payments and Commerce Solutions at JPMorgan, said […]
General Electric Co. GE, +0.37% said Monday it’s on track for the targeted spinoff of GE HealthCare the first week of Jan. 2023. The company said it would create a board of directors for the business following the spinoff. GE Chairman and CEO Lawrence Culp will be non-executive chairman of the new company, while Peter […]
AmerisourceBergen Corp. ABC, -0.18% said Monday it has agreed to acquire PharmaLex Holding GmbH, a German company offering specialized services for the life sciences industry, or 1.28 billion euros ($1.29 billion) in cash. The deal “will advance AmerisourceBergen’s role as partner of choice for biopharmaceutical manufacturers by enhancing AmerisourceBergen’s global portfolio of solutions to support […]
Bitcoin (BTC) starts a pivotal week on a firm footing as bulls succeed in wiping out weeks of losses. After closing the latest weekly candle at $21,800, its highest since mid-August, BTC/USD is back on the radar as a long bet. The end to an extended period of downside interspersed with sideways price action now […]
The World Anti-Doping Agency (WADA) is expected to keep cannabis on its prohibited substance list in 2023, The Wall Street Journal reported on Monday. The move comes after the U.S. Anti-Doping Agency pushed for a rule change on cannabis after sprinter Sha’Carri Richardson was suspended and cut from the U.S. Olympic team last year for […]