New details have emerged about the environmental impact of the SpaceX Starship Super Heavy launch on 20 April. The US Fish and Wildlife Service (FWS) has confirmed that a fire broke out on a 3.5-acre site south of the launch pad in Boca Chica State Park following the launch. The agency did not find any
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Despite the recent decline in General Motors’ stock by more than 2% during Wednesday’s trading session, Bank of America has kept its buy rating on the company, as it remains a leader in the auto industry. The automaker recently announced an earnings and revenue beat for the first quarter, adding to the positive outlook for
Biogen CEO Christopher Viehbacher commented during the company’s first quarter earnings call that they are not worried about competing with Eli Lilly in the market for Alzheimer’s drugs. Both companies are working toward bringing their respective drugs to the market, with Biogen and Japanese drugmaker Eisai developing leqembi, and Eli Lilly developing donanemab and remternetug.
The banking crisis that started two months ago is showing signs of being a slow bleed that could act as a catalyst for a recession later this year. Banks are reporting the impact of a run on deposits on their operations, and the picture is mixed. Larger institutions like JPMorgan Chase and Bank of America
Harry Belafonte, the iconic singer who became synonymous with calypso music and civil rights activism, passed away on Tuesday at the age of 96. Belafonte was born Harold George Bellanfanti Jr. in Harlem, New York in 1927. He spent his formative years in Jamaica with his mother before returning to the United States to complete
General Motors (GM) is set to release its first-quarter earnings on Tuesday, and according to the Refinitiv consensus estimates, adjusted earnings per share are expected to be $1.73 with revenue of $38.95 billion. While this would mark a significant decline in adjusted EPS from last year, it would represent an 8.3% increase in revenue as
As the famous Wall Street adage goes, “sell in May and go away,” but CFRA Research suggests a different approach to maximize gains this spring. The Stock Trader’s Almanac suggests that the worst six months of the year for the S&P 500 starts in May and ends in October. However, CFRA’s chief investment strategist, Sam