Hims & Hers (HIMS) has taken a beating, with the stock down roughly 70% from its $70 peak and now trading below $21 per share. But the story’s changing. After the company’s Novo Nordisk (NVO) deal and the end of the FDA shortage, Hims is shifting to a broader mix of branded, FDA-approved GLP-1s while
Few brands are as deeply embedded in youth culture as one that helped define the style identities of multiple generations, and whose site evokes nostalgia in many shoppers. From its expansive selection of Vans sneakers to its Thrasher graphic T-shirts and Santa Cruz Skateboards, the retailer has long embodied a distinct skater culture rooted in
Oil prices are surging on the back of the Iran war. Fears of a sustained disruption to Strait of Hormuz supply are driving the move. The parallels to the 1970s oil crises are everywhere. But UBS economist Arend Kapteyn is pushing back on the comparison. His argument is simple: the global economy is built differently
Jeff Currie could pass as a preacher. But you may not like what he’s preaching. The partner of the Carlyle Group and head of its Energy Pathways Group thinks oil prices have not yet peaked thanks to the Iran war, now finishing its fourth week. Not even close. Absent a sudden truce, he sees prices
Broadcom (AVGO) stock is down about 8% year to date, but its latest quarter made one thing hard to ignore. The AI trade may not be cooling as much as investors feared. Broadcom is now generating real AI-driven revenue from hyperscalers, not just talking about future potential. At the same time, VMware is shifting the
Federal Reserve Governor Michael Barr said that although he was “hopeful” inflationfalls this year, that might not happen with higher oil prices spiking gasoline and other consumer costs. Barr’s take mirrors increasing concerns from Main Street to Wall Street about the Fed’s interest-rate outlook due to recessionary and inflationary uncertainty. “While I am hopeful that
Federal Reserve Chair Jerome Powell just last week downplayed stagflation fears but Wall Street is growing increasingly uneasy as rising energy prices tied to the Iran War threaten to reignite inflation and jolt the U.S. economy into a recession. Economists have sharply raised their recession odds in recent days, warning that an oil-driven inflation shock
Jim Cramer has long preached that there’s always a bull market somewhere. You just have to know where to look. At the same time, you should know when it is a good time to do nothing. As the longtime host of Mad Money and co-anchor of Squawk on the Street, he’s built a reputation as
Arm Holdings (ARM) ripped higher after giving investors a new reason to think about the company as more than a chip-design licensor. The stock jumped after Arm unveiled a new AI data-center CPU and said that the product line could add about $15 billion in annual revenue within five years. The launch also came with
The 30-year fixed-rate mortgage (FRM) was 6.48% on March 25, a significant one-day drop of 0.07% from March 24 when it was 6.55%, according to Mortgage News Daily (MND). Still, that was significantly up from March 19, when it was calculated as 6.22% by government-sponsored enterprise Freddie Mac. Matthew Graham, chief operating officer for MND,