News
Important Only
Alvotech drops after US FDA declines to approve arthritis drug
Shares of biotech firm Alvotech ALVO.O fall 28.8% to $5.45 Late on Sunday, company said the U.S. FDA issued complete response letter declining approval for Alvotech's drug, AVT05, a biosimilar to Johnson & Johnson's JNJ.N Simponi for treatment of patients with rheumatoid arthritis F...Reuters
Mon, Nov 3
The 2026 Social Security COLA Announcement Made Me Wonder: Should Social Security Change How It Calculates the Increase?
Key PointsSocial Security recipients will receive a 2.8% boost to their monthly benefits beginning in January.The annual cost-of-living adjustment (COLA) is set using changes in CPI-W inflation data.Some people have proposed using the CPI-E rather than the CPI-W to set the annual COLA.The $23,760 So...The Motley Fool
Mon, Nov 3
MongoDB rises as software firm expects Q3 results above forecasts, appoints new CEO
Shares of database software firm MongoDB MDB.O rise 4.8% to $377.67 MDB names Chirantan Desai, Cloudflare's product and engineering head, as the new chief executive officerDesai will succeed Dev Ittycheria, who is stepping down after more than 11 years at the helmCo says it expects to exceed t...Reuters
Mon, Nov 3
SM Energy falls on $12.8 billion Civitas merger
*Shares of U.S.-based oil and gas company SM Energy SM.N down 7.8%, hitting its lowest level since September 2021SM says it will merge with peer CIVI in an all-stock deal, valuing the combined company at $12.8 billion, including debtCivitas shareholders will receive 1.45 shares of SM for each CIVI s...Reuters
Mon, Nov 3
Alexander's falls on downbeat Q3 profit
Shares of retail REIT firm Alexander's ALX.N fall nearly 1% to about $220 in early tradingCo's Q3 net income declined as tenant exits from its New York City properties pressured rental income and occupancyALX posts Q3 net income of $6 mln, or $1.16/share, as compared to $6.7 mln, or $1.30/sh...Reuters
Mon, Nov 3
Warren Buffett Just Hit the Sell Button for $4.1 Billion. Is the Oracle of Omaha Losing Faith in the Stock Market?
Key PointsBerkshire Hathaway reported major stock sales last quarter.That includes a further reduction in one of Berkshire's top holdings.Individual investors should take note of Buffett's current caution.10 stocks we like better than Apple › Last quarter, Warren Buffett hit the buy button to the tu...The Motley Fool
Mon, Nov 3
LIVE MARKETS-AI revenues to hit $975 billion by 2030, says Citigroup
US equity indexes mixed, Nasdaq up 0.7%, Dow dipsOnly two S&P sectors positive, Utilities weakestSTOXX 600 up 0.1%Dollar, gold edge up; crude flat; bitcoin down >2%US 10-Year Treasury yield climbs to 4.11%Welcome to the home for real-time coverage of markets brought to you by Reuters reporter...Reuters
Mon, Nov 3
Kenvue set for best day ever after $48.7 billion buyout deal from Kimberly-Clark
Shares of consumer health company Kenvue KVUE.N rise 16.28% to $16.71 in early trade Stock set for its biggest pct. rise in a single day, if gains hold Kimberly-Clark KMB.O says it will acquire the Tylenol maker in a deal valued at about $48.7 billionSeparately, co reports Q3 adj. EPS of 28 cent...Reuters
Mon, Nov 3
Where Will CoreWeave Stock Be in 1 Year?
Key PointsThe stock is up by over 230% since its IPO.CoreWeave has had to spend heavily and take on huge debts to meet the massive demand for its product.10 stocks we like better than CoreWeave › Since launching its initial public offering (IPO) on March 28, CoreWeave (NASDAQ: CRWV) stock has been o...The Motley Fool
Mon, Nov 3
Nvidia gains as US lets Microsoft export co's AI chips in UAE
Shares of chipmaker Nvidia NVDA.O up 2.9% at $208.32 in early market tradingMicrosoft MSFT.O secures Trump administration's approval to export NVDA chips for its data centers in United Arab Emirates for the first timeMSFT to invest $15.2 bln in UAE between 2023 and 2029Separately, Microsoft sign...Reuters
Mon, Nov 3
What the "Use-It-or-Lose-It" Rule Means for FSA Holders -- and What to Do Now
Key PointsIf your workplace offers an FSA, you can contribute to it using pre-tax dollars. The money in your FSA can go toward qualifying medical expenses, including medical, dental, and vision care.If you don't spend your FSA money during the plan year, you could lose the funds you contributed. The...The Motley Fool
Mon, Nov 3
Metsera falls after Pfizer files a second lawsuit against co and Novo
Shares of drug developer Metsera MTSR.O fall 3.1% to $61.13 after Pfizer PFE.N files a second lawsuit against co and Novo Nordisk NOVOb.COCo's shares hit a record high last week following counter-bid from Novo Nordisk after Pfizer already locked in a deal with it valued at about $7.3 blnPFE accu...Reuters
Mon, Nov 3
