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Hims & Hers shares tumble 18% as margin miss adds to concerns about GLP-1 business

Hims & Hers shares tumble 18% as margin miss adds to concerns about GLP-1 business

Finance News

The New York Stock Exchange with a Hims & Hers Health banner is pictured in the Manhattan borough of New York City. Carlo Allegri | Reuters Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin. Here’s […]

Hims & Hers shares tumble 18% as margin miss adds to concerns about GLP-1 business Read More »

Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank

Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank

Finance News

Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey’s Block got started as Square, offering small businesses a simple way to accept payments via smartphone. Affirm began as an online lender, giving consumers

Fintechs like Block and PayPal are battling like never before to be your all-in-one online bank Read More »

How AI is speeding the mining of valuable metals needed to power the clean economy

How AI is speeding the mining of valuable metals needed to power the clean economy

Finance News

As the clean energy economy expands, finding the minerals and metals that power it becomes increasingly critical. The answer might lie with artificial intelligence. Electric cars, solar panels and hydrogen fuel cells all have one thing in common: the need for precious metals. Historically, that’s required going through the arduous process of finding the metals

How AI is speeding the mining of valuable metals needed to power the clean economy Read More »

Crypto exchange Bybit says it fully replenished reserves after record .5 billion hack

Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack

Finance News

Jakub Porzycki | Nurphoto | Getty Images Bybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than 72 hours, Bybit pieced together hundreds of thousands of ether tokens through a mix of emergency loans and large deposits. While the rapid

Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack Read More »

PayPal brings many of its brands under a single umbrella, but Venmo remains a stand-alone

PayPal brings many of its brands under a single umbrella, but Venmo remains a stand-alone

Finance News

A PayPal sign is seen at its headquarters in San Jose, California, on Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images For Frank Keller, it’s a pivotal moment at PayPal. After two years, two CEOs and endless brand strategy meetings, the company is, in his view, ready to redefine the world

PayPal brings many of its brands under a single umbrella, but Venmo remains a stand-alone Read More »

Chinese medical devices are in health systems across U.S., and the government and hospitals are worried

Chinese medical devices are in health systems across U.S., and the government and hospitals are worried

Finance News

A popular medical monitor is the latest device produced in China to receive scrutiny for its potential cyber risks.  However, it is not the only health device we should be concerned about. Experts say the proliferation of Chinese health-care devices in the U.S. medical system is a cause for concern across the entire ecosystem.  The Contec

Chinese medical devices are in health systems across U.S., and the government and hospitals are worried Read More »

Hackers steal .5 billion from exchange Bybit in biggest-ever crypto heist

Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

Finance News

Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023.  Joseph Nair | Bloomberg | Getty Images Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history. The attack

Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist Read More »

Block shares plunge 17%, head for worst day in 5 years after earnings miss

Block shares plunge 17%, head for worst day in 5 years after earnings miss

Finance News

Marco Bello | AFP | Getty Images Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling

Block shares plunge 17%, head for worst day in 5 years after earnings miss Read More »

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage

Finance News

Products of Hims & Hers displayed. Hims & Hers Shares of Hims & Hers Health tumbled more than 23% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved. Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drugs Wegovy and diabetes treatment Ozempic. Those

Shares of Hims & Hers tumble 23% after FDA says semaglutide is no longer in shortage Read More »

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