Argentina's monthly inflation is likely to have remained under 3% in November, near its lowest level of the year but slightly up from the month before, underscoring the challenge for libertarian president Javier Milei to rein in prices. A Reuters poll of analysts published on Tuesday showed a median forecast rise of 2.8% in the month after 2.7% in October. Argentina has been battling to bring down what has been the highest inflation rate in the world, peaking at almost 300% a year.
United Natural Foods Stock Jumps on Surprise Adjusted Profit
United Natural Foods shares surged Tuesday morning to their highest point in 18 months after the health foods supplier reported an unexpected adjusted profit for the first quarter of fiscal 2025.
RSV prophylactic market to reach $6.2bn in 8MM by 2030
As of 2020, the only product marketed for RSV prophylaxis was AstraZeneca/AbbVie's Synagis.
Fred Thiel: The Michael Saylor of the Bitcoin Mining Industry
The CEO of MARA Holdings has gone all-in on bitcoin, adding billions of dollars worth of the world’s largest cryptocurrency to MARA’s balance sheet.
Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season
The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too.
What's Going On With Cardiff Oncology Stock On Tuesday?
On Tuesday, Cardiff Oncology, Inc. (NASDAQ:CRDF) revealed initial data from the CRDF-004 Phase 2 trial, which evaluates onvansertib in combination with standard-of-care (SoC) in patients with first-line RAS-mutated metastatic colorectal cancer (mCRC). The CRDF-004 phase 2 trial is currently enrolling patients with mCRC who have a documented KRAS or NRAS mutation. Onvansertib is added to SoC consisting of FOLFIRI plus bevacizumab or FOLFOX plus bevacizumab. Patients are being randomized in a 1:1:
Mao Geping, China’s Celebrity Makeup Artist Brand, Makes $300 Million Market Debut in Hong Kong
Mao Geping made history as the first Chinese beauty brand to list on the Hong Kong Stock Exchange.
Sharp downgrades to US unit labor costs bode well for inflation outlook
WASHINGTON (Reuters) -U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much in recent months. The report from the Labor Department on Tuesday also showed labor costs actually declined in the second quarter instead of rising as had been estimated last month. Moderate labor costs growth is likely to be welcomed by Federal Reserve officials when they hold their last meeting of year next week.
Alaska Air Group Stock Soars on New Strategic Plan, Raised Outlook
Alaska Air Group unveiled a plan Tuesday to create an incremental profit of $1 billion over the next three years following its acquisition of Hawaiian Airlines.
Johnson Outdoors Shares Slide After Q4 Earnings Miss, Hit By Market Challenges And Lower Margins
Johnson Outdoors Inc (NASDAQ:JOUT) shares plunged after the company reported its fourth-quarter 2024 results. The company’s sales grew 9.9% year-over-year to $105.9 million, missing the consensus of $114.99 million. Loss per share was $3.35, missing the consensus loss of $0.98. Gross margin contracted 600 bps to 23.5%, primarily due to higher promotional discounts, a shift in product mix favoring lower-margin items, and inventory reserves for slow-moving and obsolete stock. Gross profit was down