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Kanye West and Bianca Censori are reportedly heading for divorce after less than two years of marriage
According to insiders from TMZ, Kanye West and Bianca Censori have reportedly hit a rough patch and split a few weeks ago.
New York Post reports that Bianca has traveled to Australia to be with her family, while Kanye plans to move to Tokyo. The reasons for their separation remain unclear, but Kanye has been telling friends that he intends to divorce Bianca. He has been seen alone in Tokyo, enjoying local restaurants and events without her, fueling speculation about their split.
The couple, who married in December 2022, was frequently seen together at public events, but they haven’t been spotted together since September 20. Sources also confirm they obtained a confidential marriage license in Palo Alto, California.This marks Kanye’s second divorce, following his marriage to Kim Kardashian, with whom he shares four children.
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Apple (AAPL) shares lost ground Monday after Jefferies downgraded the stock, arguing that the anticipated sales of iPhones are too high.
The bank cut Apple's rating to "hold" from "buy," although it raised its price target to $212.92 from $205.00.
The analysts wrote in a note to clients that "smartphone hardware needs rework before being capable of serious AI, with likely timeline of 2026/27."
They added that "high expectations for iPhone 16/17 are premature."
The analysts pointed out that their outlook for Apple's fiscal 2024 fourth-quarter net sales is less than the Wall Street consensus, and that the tech firm's 33 times full-year estimated adjusted price-to-earnings (P/E) ratio is near an all-time high.
Shares of Apple fell less than 1% Monday morning but are up 17% year-to-date.
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Pfizer (PFE) shares are rising in premarket trading on a report that activist investor Starboard Value has taken a roughly $1 billion stake; ExxonMobil (XOM) stock is adding to record highs as oil prices continue to surge; Florida prepares for evacuations as Hurricane Milton intensifies in the Gulf of Mexico; Arcadium Lithium (ALTM) stock is soaring as mining giant Rio Tinto makes a takeover approach; and BP (BP) reportedly is abandoning its target to cut oil and gas output by 2030. Here's what investors need to know today.
Shares of Pfizer (PFE) are rising 3% in premarket trading after reported that activist investor Starboard Value has taken a roughly $1 billion stake in the pharmaceutical firm. The move comes as Pfizer's share price has lost roughly half its value since the maker of the first COVID-19 vaccine reached a pandemic peak in 2021. Chief Executive Officer (CEO) Albert Bourla has come under pressure as the share price has fallen, with investors raising worries that he overestimated demand for pandemic-related products and has fallen behind in developing a weight-loss drug.
ExxonMobil (XOM) shares are rising a further 1% in premarket trading after the oil giant closed last week at record levels as oil prices move higher on worries over Middle East tensions. The move comes after WTI crude prices jumped higher by more than 9% last week and Brent crude added 8%. Exxon's stock has risen despite a filing last week from the oil giant that projects lower oil prices and refining margins will hurt third-quarter profit on a sequential basis.
Florida residents are preparing for potentially the largest evacuation in seven years as Hurricane Milton quickly strengthened to a Category 3 storm in the Gulf of Mexico. The storm is projected to make landfall in the Tampa area on Wednesday and remain a hurricane as it moves across the state toward the Atlantic Ocean. The storm's path isn't expected to hit the Appalachians, where Hurricane Helene caused catastrophic damage two weeks ago.
Shares of Arcadium Lithium (ALTM) are surging 30% in premarket trading after it confirmed a takeover approach by mining giant Rio Tinto. The acquisition would expand Rio Tinto's operations into metals used for clean energy, as the company is better known for its copper, iron ore, and diamond extraction. The acquisition would make Rio Tinto one of the world's top producers of lithium, a key element used in making electric vehicle (EV) and laptop batteries.
BP (BP) is abandoning its target to cut oil and gas output by 2030, as executives at the firm turn their attention to near-term returns, according to a report. After setting a goal in 2020 to cut its oil and gas output by 40% in a decade, BP scaled that goal back to 25% in February, and now is looking at projects in the Middle East and Gulf of Mexico to boost its oil and gas output, the report said. American depositary receipts (ADRs) of BP are up about 1% in premarket trading.
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President Bola Tinubu has called on Governor Siminalayi Fubara, political leaders and their supporters in Rivers State to exercise restraint and uphold the rule of law.
In response to recent tensions following last Saturday’s local government council election, the President expressed deep concern over reports of arson and explosions in the state. He urged all political actors to de-escalate the situation and discourage their supporters from engaging in v olence or destr ctive actions.
President Tinubu directed the police to restore and maintain peace, law, and order immediately.
While instructing law enforcement agencies to bring the situation under control, he emphasised the need to ensure the security of public institutions. President Tinubu said government facilities built with public funds must be safeguarded from vandalism.
He stressed that self-help has no place in a democratic system, especially after 25 years of continuous democracy.
According to President Tinubu, the judiciary can settle all political disputes, and the outcome of this election should be no exception.
The SPDR Dow Jones Industrial Average ETF Trust (DIA) may come into focus on Monday after posting a record close Friday following a strong September jobs report that reinforced investor confidence in the strength of the economy.
While the upbeat jobs report eases concerns about a softening labor market and reinforces the economy’s resilience, it could also put the brakes on more aggressive interest rate cuts by the Federal Reserve. The ETF, which closely tracks the performance of the Dow Jones Industrial Average (DJIA), notched its fifth consecutive higher month in September, boosted in part by expectations the Fed will continue to cut rates aggressively after easing policy for the first time in four years last month.
The ETF gained 0.8% to close at $423.41 on Friday, as the Dow finished at a record closing high.
Below, we take a closer look at the fund’s technicals on the weekly chart and identify key price levels worth watching out for.
Since bottoming out just below the 200-week moving average (MA) in September 2022, the DIA fund has trended steadily higher in an ascending channel, with the ETF’s price testing the pattern’s upper trendline on several occasions since March this year.
However, during the move higher, volumes have remained lackluster, potentially indicating waning upward momentum. Moreover, as the fund has made higher highs, the relative strength index (RSI) has formed several lower highs, pointing to a bearish divergence between the price and indicator.
Let’s take a look at several crucial support areas on the ETF’s chart while also using technical analysis to forecast a potential price target above the descending channel’s upper trendline.
During retracements, investors should initially eye the $377 level, a location on the chart where the fund’s price may find support near a period of early January consolidation and the April swing low.
A breakdown below this level could see a decline to around $350, currently just above 200-week MA, where the ETF may attract buying interest from a trendline connecting an array of comparable trading levels from May 2021 to November last year.
Further selling could lead to a retest of lower support near $325, where the ETF may encounter support from a horizontal line linking multiple troughs on the chart between February 2022 and October 2023.
To forecast a price target above the ascending channel, we can use a measured move, also referred to by technical analysts as the measuring principle.
We do this by calculating the distance between the channel’s two trendlines and add that amount to the pattern's top trendline. In this case, we add $60 to $423, which projects a target of $483.
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Shares of Pfizer (PFE) are rising in premarket trading Monday following a report that activist investor Starboard Value has taken a roughly $1 billion stake in the struggling drugmaker.
According to , Starboard has approached Ian Read, a former Pfizer chief executive, and ex-finance chief Frank D’Amelio to aid its plans to improve the company's performance.The hedge fund sees Pfizer under current Chief Executive Officer (CEO) Albert Bourla—who took over from Read in 2019—as lacking the M&A discipline of his predecessor, the report said. Pfizer has spent billions of dollars on buying companies involved in producing cancer drugs, including biotech Seagen for $43 billion last year, since Bourla took over.
Pfizer's shares have almost halved since their pandemic peak in 2021 as demand for its COVID-19 vaccines slumped. They are little changed this year, versus a 21% jump in the S&P 500.
Pfizer's shares are rising about 3% on the report but were hit recently after it recalled all lots of its sickle cell disease medicine worldwide because of concerns the drug could lead to severe pain and possibly death in patients.
Pfizer and Starboard didn't immediately return requests for comment.
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