Tag: Slowing

Hamilton’s 80 Acres Farms isn’t slowing down its growth

Mar. 3—One of the country’s largest vertical farming companies is based in Hamilton, Ohio, and they have no plans of leaving the city anytime soon. Mike Zelkind, CEO of 80 Acres Farms, said he’s “proud to call (Hamilton) home,” and is appreciative of the five-year partnership they’ve had with the city. Founded in Cincinnati in […]

China cuts reserve requirements for bank to help boost slowing economy

China’s central bank has announced it will cut the ratio of reserves banks must hold to help boost the slowing economy. The announcement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%. Chinese stock markets have languished in recent months as investors pulled […]

Fuel leak on ailing private Peregrine moon lander is slowing, Astrobotic says

Astrobotic’s Peregrine moon lander continues to push its inevitable demise further into the future. Peregrine suffered a serious propellant leak, apparently caused by a ruptured oxidizer tank, shortly after separating from its Vulcan Centaur rocket on Jan. 8. The anomaly will prevent the probe from making a historic lunar landing attempt next month, but mission […]

What’s behind Apple’s $100 billion market-cap loss today? A major downgrade that has investors worried about slowing iPhone sales is the key culprit

After surging roughly 50% to a record high in 2023, a rare rating downgrade from Wall Street helped push Apple stock down 3.65% on Tuesday, shaving over $100 billion from the tech giant’s market cap. Barclays analyst Tim Long tagged Apple with an “underweight” rating due to weak iPhone demand Tuesday morning, arguing its shares […]

Ozempic Maker’s Obesity-Fueled Gains Seen Slowing After Banner Year

(Bloomberg) — A frenzy around obesity drugs made Novo Nordisk A/S Europe’s biggest stock-market success story of 2023. Repeating the trick won’t be so easy. Most Read from Bloomberg Shares of Novo, which makes the diabetes drug Ozempic and weight loss medicine Wegovy, have risen 42% this year, as investors latched on to the growth […]