By David Shepardson (Reuters) -The U.S. Transportation Department has approved New York’s plan to impose a $9 congestion charge for driving in Manhattan starting on Jan. 5, a move aimed at raising billions for mass transit and cutting traffic. The congestion charge, the first of its kind in the United States, was revived last week…
By Ankika Biswas, Joao Manuel Vicente Mauricio and Pranav Kashyap (Reuters) -European real estate stocks surged, propelling the benchmark index to a one-week high on Friday, while easing of geopolitical tensions also relieved some recent selling pressure. The pan-European STOXX 600 jumped 1.2%, its best daily performance in nearly two months. The session’s positive performance…
By Jessica DiNapoli NEW YORK (Reuters) – Procter & Gamble (NYSE:PG) has been revamping its marketing and line-up of influencers on fast-growing Chinese shopping app Douyin in recent months, helping its Pantene shampoo lead growth in hair care on the platform, executives said Thursday at an investor day. The Cincinnati-based company’s investments in better packaging…
(Reuters) – French drugmaker Sanofi (NASDAQ:SNY) plans to change its policy on how it gives discounts to certain U.S. hospitals that serve low-income and uninsured patients, the Wall Street Journal reported on Friday. Sanofi plans to send a letter, reviewed by WSJ, to hospitals outlining its new model on Friday, the report said, citing people…
Investing.com — Needham on Friday initiated its coverage on On Holding AG (NYSE:ONON) with a “buy” rating and a target price of $64. Brokerage said On has shown industry-leading growth, with impressive revenue increases and healthy margin expansion. The company is likely to keep growing as it increases brand awareness and gains space with top sneaker…
(Reuters) -The U.S. Treasury Department is looking into JPMorgan Chase (NYSE:JPM)’s relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein Shamkhani’s network, Bloomberg News reported on Friday. Hossein Shamkhani is the son of Ali Shamkhani, a long-time ally of Iran’s supreme leader Ayatollah Ali Khamenei and previously…
By Caroline Valetkevitch NEW YORK (Reuters) – Netflix (NASDAQ:NFLX) shares were on track for a fifth consecutive gain on Friday and set for their biggest weekly percentage rise since January, after the streaming media company’s popular boxing match between Mike Tyson and Jake Paul. The stock was last up 0.2% at $899.06, off its intraday…
By Marie Mannes, Alessandro Parodi and Stine Jacobsen STOCKHOLM/GDANSK (Reuters) – Northvolt’s financial collapse deals a blow to Europe’s plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals. Europe’s biggest…
Investing.com — KeyBanc Capital Markets raised its price target on Gulfport Energy (OTC:GPORQ) Operating Corp (NYSE:GPOR) to $205 from $165, citing tailwinds from the Trump administration’s energy policies and strong natural gas market sentiment. KeyBanc noted that Gulfport’s recent rally, alongside a broader surge in energy equities, is likely to persist as a result of favorable…
WASHINGTON (Reuters) – The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public “Fed Listens” events around the country as part of a review of its long-run strategy and approach to policymaking. The so-called “framework review,” the second of what are now intended as regular five-year analyses of the U.S….
