Author: bharatkashyap6969

[ad_1] (Updated – January 9, 2024 12:06 PM EST) Investing.com — Main U.S. indexes were mixed on Tuesday amid caution ahead of the release of the key monthly inflation data later in the week. Here are some of the biggest U.S. stock movers today:​ Boeing (NYSE:) stock fell 0.8%, continuing to retreat after loose parts on some grounded models of the plane manufacturer’s 737 Max 9 jet have reportedly been discovered by both United Airlines and Alaska Airlines. Unity Software (U) stock fell 7.9% after the videogame software provider announced that it will target laying off approximately 25% of its ... Read more

[ad_1] WASHINGTON – The Biden administration has unveiled a new labor regulation aimed at curbing the misclassification of employees as independent contractors. This move is expected to extend federal minimum wage, health coverage, and paid sick leave protections to millions of workers in the United States. The regulation, announced today, replaces a former guideline that was more favorable to employers in classifying workers. This change is part of the administration’s ongoing efforts to support workers’ rights and provide them with essential benefits, which they might otherwise not receive as independent contractors. The rule is set to take effect on March ... Read more

[ad_1] CHICAGO – CME Group (NASDAQ:), the world’s leading and most diverse derivatives marketplace, announced plans to introduce new event contracts for E-mini and E-mini Nasdaq-100 futures. Set to launch on January 29, these innovative contracts are tailored for trading at significant economic cycle intervals, offering market participants an opportunity to execute long-term strategies without requiring daily management. The new contracts are specifically designed to cater to a variety of trading styles, giving investors the flexibility to choose tools that best suit their approach. The event contracts are currently pending regulatory approval. Once launched, they are expected to bolster trading ... Read more

[ad_1] In a note covering US restaurant stocks, analysts at Bernstein upgraded Domino’s Pizza (NYSE:) to Market Perform from Underperform, raising the price target to $370 from $330 per share. Analysts said 2024 will finally be the first “normal” year for restaurants since 2019. However, they added that the new “normal” 2024 also comes with a very interesting setup. “Restaurants are lapping MSD-HSD pricing, and consumers may have built price resistance,” analysts wrote. “Investors are concerned that the sector could witness heightened promotional environment to attract demand, and that restaurant level margins have peaked.” On DPZ, analysts stated that despite ... Read more

[ad_1] SAN MATEO, Calif. – AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX), a specialty pharmaceutical company, announced its rebranding to Talphera, Inc. (“Talphera”). The rebranding aims to reflect the company’s expanded focus on developing therapies for medically supervised settings beyond acute pain management. Along with the name change, Talphera will start trading on the Global Market under the new ticker symbol “TLPH” starting Wednesday, January 10, 2024. The company’s strategic shift is underscored by its lead product candidate, Niyad, which is being studied as an anticoagulant for extracorporeal circuits and has been granted FDA Breakthrough Designation. Talphera’s NEPHRO CRRT Study, a Phase ... Read more

[ad_1] New Delhi, Jan 9 (IANS) As India doubles down on local manufacturing, Apple (NASDAQ:) assembled iPhones worth more than Rs 1 lakh crore in India in 2023, according to industry data. Industry sources told IANS on Tuesday that out of Rs 1 lakh crore, Apple exported iPhones worth approximately Rs 65,000 crore to other countries. However, according to industry sources, the actual market value of the iPhones manufactured/assembled in India could be much higher, depending on taxes in other countries. The Economic Times was first to report about Apple’s manufacturing data in the country. Apple’s manufacturing in India is ... Read more

[ad_1] HAIFA, Israel – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a prominent container liner shipping company, has announced a large-scale deployment of advanced tracking devices from Hoopo Systems Ltd. across its dry-van container fleet. This move is expected to enhance ZIM’s supply chain management capabilities by providing comprehensive tracking information, geofence alerts, door status notifications, and more. This strategic decision follows ZIM’s 2022 investment in Hoopo Systems, a company known for its innovative tracking solutions for unpowered assets. Hoopo recently completed the development of hoopoSense Solar, a product tailored for the maritime industry, which will now be integrated into ... Read more

[ad_1] TORONTO – Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) has completed a private placement, raising CAD $2.18 million through the sale of flow-through units to fund its exploration activities at the Nisk property in Quebec, the company announced. The private placement, which closed on December 29, 2023, consisted of 4,360,000 units at a price of $0.50 each. The proceeds from the sale are earmarked for the exploration of the Nisk property, where the company plans to deploy a second drilling rig to investigate new targets identified by Ambient Noise Tomography technology. The exploration is part of a ... Read more

[ad_1] PARIS – Lectra, a key player in the fashion, automotive, and furniture markets, has announced the acquisition of a majority stake in the American company Launchmetrics, a provider of cloud-based marketing solutions. The transaction, which involves the purchase of 50.3% of Launchmetrics shares, took place in January 2024 for an amount of approximately 85 million dollars, dependent on the company’s 2023 recurring revenues and EBITDA. Launchmetrics, founded in 2015, specializes in brand performance analytics for the fashion, lifestyle, and beauty sectors, leveraging industry 4.0 technologies such as artificial intelligence and cloud computing. The company’s platform, which consists of seven ... Read more

[ad_1] After having identified substantial lithium resources last year, on 7th January 2024, India commenced extraction of fresh reserves located in the Deep-Water Block 98/2 at the Krishna-Godavari basin. The project is located about 30 km off the coast of Kakinada, Andhra Pradesh. India’s Oil and Natural Gas Corporation (NS:), a fortune-200 company, has activated a reported 4 out of a total of 26 wells at the site in the Bay of Bengal. While initial work on the project began in 2016-17, pandemic-led disruptions caused delays that the central public sector undertaking under the ownership of the Ministry of Petroleum ... Read more