Business

Beloved Upper West Side Bagel Shop Absolute Bagels Closes Permanently After Health Inspection

The beloved Upper West Side eatery Absolute Bagels has permanently closed following a failed Health Department inspection. Located at 2788 Broadway, the iconic bagel shop’s closure has left the community in shock, with many expressing their sadness over the loss of a local staple known for its fresh bagels and welcoming atmosphere. As employees clear out the establishment, discussions are already underway for a potential new tenant to fill the space, with hopes of continuing the legacy of serving delicious bagels.

Incyte Corporation Faces Investigation Amid Drug Development Setbacks

Incyte Corporation faces scrutiny as Levi & Korsinsky LLP investigates potential federal securities law violations following the company’s pause in clinical trials and drug discontinuations. After announcing concerning toxicology findings, Incyte’s stock plummeted by 12%, raising investor concerns. Shareholders affected by these developments are encouraged to reach out for legal advice as the investigation unfolds, highlighting the risks in biopharmaceutical investments.

SpaceX Set to Launch 22 Starlink Satellites on December 12, 2024

SpaceX is set to launch 22 Starlink satellites on December 12, 2024, from Vandenberg Space Force Base. The Falcon 9 rocket will lift off at 1:55 p.m. PST, marking the 87th Starlink launch this year. With a focus on enhancing global internet coverage and supporting U.S. national security, this mission highlights SpaceX’s commitment to revolutionizing space access and connectivity. Stay tuned for live updates on this significant launch.

Venture Capital Giants Invest $7 Billion in Databricks’ Fundraising Round

Leading venture capital firms Kleiner Perkins, Founders Fund, and SoftBank are investing in Databricks’ $7 billion fundraising round, marking a pivotal moment for the AI and data analytics company. Founded by the creators of Apache Spark, Databricks aims to enhance its product offerings and expand market reach, solidifying its position in the competitive tech landscape.

BetaShares Nasdaq 100 ETF Hits All-Time High Amid Tech Surge

The BetaShares Nasdaq 100 ETF (ASX: NDQ) has hit a new all-time high, closing at $50.43 after peaking at $50.72. This milestone reflects a 35% rise in 2024, driven by major tech players like Apple and Tesla. Investors are urged to assess their strategies as the tech sector continues to thrive, presenting intriguing opportunities for growth.

Super Micro Computer’s Stock Recovery Signals Investor Confidence

Super Micro Computer, Inc. (SMCI) has seen a significant stock recovery following a positive investigation outcome, which alleviated fraud concerns and boosted investor confidence. Known for its high-performance computing solutions, the company is strategically positioning itself to capitalize on the growing demand in tech sectors like artificial intelligence and cloud computing. With ongoing innovations and strategic partnerships, Super Micro is set for long-term success, making it a compelling option for investors.

Hard Rock Cafe to Close After 23 Years in Pittsburgh

The Hard Rock Cafe in Pittsburgh’s Station Square will permanently close on February 15, 2025, after nearly 23 years of operation. Known for its lively atmosphere and live music, this iconic restaurant has been a staple in the local dining scene. The closure adds to the recent decline in dining options at Station Square, raising concerns about the future of the area’s culinary landscape.

Palantir and MicroStrategy Set to Join Nasdaq 100 Amid Market Rebalancing

Palantir Technologies (PLTR) and MicroStrategy (MSTR) are set to join the Nasdaq 100, highlighting their growing significance in the tech sector. This inclusion, part of the Nasdaq’s annual rebalancing, reflects shifting market dynamics as both companies gain traction. Palantir’s market cap has soared to $169 billion, while MicroStrategy’s innovative Bitcoin strategy has captured investor attention. Stay updated on these developments as they signal potential growth and innovation in the tech industry.

Old Republic International Declares $2.00 Special Cash Dividend for Shareholders

Old Republic International Corporation (NYSE: ORI) has announced a special cash dividend of $2.00 per share, payable on January 15, 2025. This marks a significant commitment to shareholder returns, as the company has maintained consistent dividend payments for 54 years. With a market cap of $9.1 billion and ongoing share repurchase programs, Old Republic continues to demonstrate financial strength and dedication to enhancing shareholder value.

Federal Court Orders FDA to Release Covid Vaccine Documents

A federal court ruling mandates the FDA to release additional Covid-19 vaccine documents, enhancing transparency around Pfizer-BioNTech’s emergency use authorization. This decision follows a lawsuit aimed at ensuring public access to critical health data, reflecting the growing demand for accountability in vaccine regulatory processes. The FDA must comply by June 2025, a move that could reshape public trust in health agencies amid ongoing pandemic challenges.