Walgreens shares jumped Tuesday after a report the pharmacy chain's possible deal to sell itself to private equity firm Sycamore Partners may be back on the table.
Mexico's economy secretary to meet with Trump officials in US in 'first conversation' on trade
Mexico's Economy Secretary Marcelo Ebrard said Tuesday that he will meet with Trump administration officials in Washington on Thursday in what he called “the first conversation” in a series of negotiations between the two countries. The meeting comes at a fragile moment for the two neighbors, whose bilateral trade exceeded $800 billion last year. U.S. President Donald Trump has threatened to impose 25% tariffs on all imports from Mexico — though so far limited them to steel and aluminum — and signed an executive order to rename the Gulf of Mexico as the Gulf of America.
'Sell your Teslas, dump your stock' — Tesla protests, Musk's tanking popularity hit EV maker at bad time
Elon Musk's controversial role in the Trump administration appears to be dragging down the Tesla CEO's image — and brand — during a pivotal time for the EV industry.
Why Is Constellation Brands (STZ) Stock Rocketing Higher Today
Shares of beer, wine, and spirits company Constellation Brands (NYSE:STZ) jumped 8.7% in the pre-market session after Warren Buffett's Berkshire Hathaway revealed a position in the company (STZ) worth roughly $1.2 billion in the fourth quarter of 2024. Given Buffett's reputation for identifying quality opportunities in the stock market, the market is likely to read the information positively for the company's prospects in the near term.
Why Walgreens (WBA) Stock Is Trading Up Today
Shares of pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) jumped 13.5% in the morning session after CNBC's David Faber said that a potential deal between the company (Walgreens) and private equity firm Sycamore Partners "was showing signs of life." The stock's reaction is lifting investors' optimism as markets continue to digest the long-term implications of its recent dividend suspension (first time in over 90 years) and lawsuit with the Department of Justice.
Why Moderna (MRNA) Stock Is Up Today
Shares of biotechnology company Moderna (NASDAQ:MRNA) jumped 11.8% in the morning session after it continued to build on the 3% gain from Friday when it reported fourth-quarter 2024 financial results. Despite this, Barclays seems to be exercising caution, downgrading the stock to equal weight from overweight earlier in the morning. The firm cited "policy risks, fewer clinical catalysts, and broader economic uncertainties that could limit its upside.".
Why Conagra (CAG) Stock Is Down Today
Shares of packaged foods company Conagra Brands (NYSE:CAG) fell 7.7% in the morning session after the company reported underwhelming preliminary full-year 2025 guidance and expects sales and profits to be below its previous forecast. Precisely, the company expects full-year earnings of about $2.35 (vs. previous guidance of $2.45 to $2.50 per share). Organic sales are also expected to decline by 2% year on year (vs previous guidance of a decline between 1.5% and flat growth).
There's a hot new theory about Bitcoin creator Satoshi Nakamoto's true identity
Who created Bitcoin? The million-dollar question is back in the spotlight — and this time with a surprising new suspect: Jack Dorsey, the bearded tech sage behind Twitter.
BoE's Bailey hopes for less bond market volatility driven by US tariffs
British government borrowing costs surged and then eased in January as investors tried to price global inflation risks in the light of Trump's plan for tariffs on trade partners. "It is what's coming out of Washington on tariffs that is moving that term premium around, day by day and hour by hour," Bailey said, referring to the extra interest investors demand for holding longer-dated debt.
Bitcoin could see $500K in 2025, predicts Foundation Devices CEO
Bitcoin could hit $500,000 by the end of 2025, with $700K to $800K possible, according to Foundation Devices CEO Zack Herbert, who warns of a potential 30% pullback to $350K.