The NASDAQ 100 index sank right into a correction on Friday because investors proceed to be offended with the Megacap technology stocks, which have led the stock rally prior to now two years.

The index decreased by 0.8% at 10:37 a.m. in New York and is now 10.2% below a peak value last month, so it exceeds the ten% premier threshold, which represents a market correction. The Nvidia Corp. fell under remarkable decliners by 0.7%, Amazon.com Inc. by 1.5%and Microsoft Corp. 1.9%. The Bloomberg Magnificent 7 Total Return Index, which submitted its own correction on Friday at the top of February at the top of February.

Much of the break -in reflects the rapid rotation of Wall Street from firms related to artificial intelligence. Since the Nasdaq 100 on February 19, Nvidia has lost greater than a fifth of its value and is accountable for 18% of the general decline within the index, in response to the information compiled by Bloomberg, which is able to happen on Thursday on Thursday. Other remarkable decliners have been Tesla Inc., Apple Inc., Palantir Technologies Inc., Meta Platforms Inc. and Amazon.com.

“In recent years, the great seven have been exceptionally well beaten, and they deserved the premium that they were acted because they grow their upper and lower borders,” said George Cipolloni, portfolio manager at Penn Mutual Asset Management. “This was somehow changed in the past quarter for Big Tech, but I am not sure whether they get much better from here, and it only gives so much that a company can grow with these multiple.

While investors are still optimistic about the long -term potential of the AI, this winning season did not show how much growth or profitability had hoped for many investors. This has raised further questions about the strategy of Big Tech to pour tens of billions of dollars into AI-related editions that have so far had little to show.

In addition, there is a new test on the group's sky-high stocks of stocks of the group, which reflects stronger growth trends than is now expected. And AI developments from China-with companies that continue to use a strong performance with lower costs and fewer high-performance chips-clouds.

With the Nasdaq 100 more than doubled from the beginning 2023 to the latest all -time high, a natural place for investors to make profits. In a broader sense, a cloudy backdrop creates through a weakening US economy, trade wars and increasing geopolitical tensions-a general risk mood on the stock market. The S&P 500 index has dropped by 7.2% compared to its climax, which also came on February 19.

“There is now a lot uncertainty that the reviews are compressed across the board,” said Cipolloni. “Enthusiasm generally took the risk assets. The background has really become problematic and all of these uncertainties really hurts. “

Other stories like this can be found in Bloomberg.com

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Originally published: March 7, 2025 at 9:03 a.m. PST

Shares of Hims & Hers Health 22% closed on Tuesday, the day after the Telemealth Company published the outcomes of the fourth quarter, which was upset by the gross margin and triggered concerns concerning the way forward for its weight reduction transaction.

HIMS & HER has achieved sales of $ 481 million for the quarter, which rose to a rise of 95% in comparison with USD August 246 million in the identical period last yr. The net profit rose to $ 26.01 million or 11 cents per share of USD 1.25 million or 1 cents per share within the previous yr.

The company's gross margin or the profit that was left behind after taking the prices of the products sold was 77%, disappointing analysts, which, in line with StreetCcount, expected 78.4%.

In the quarterly call of the corporate with investors on Monday, Yemi Okupe Chief Financial Officer said the scaling of the GLP 1 offer of the corporate and its strategic price options are in charge.

Hims & Her In May the tightened Semaglutide began, the lively ingredient in Novo Nordisks GLP-1 weight reduction medication Ozempic and Wegovy. Compiled medication might be produced when brand treatments are in systems ShortageBut the US Food and Drug Administration announced on Friday that the shortage of Semaglutide injection products was solved.

As a result, Hims & Hus said on Monday that after the primary quarter it should probably stop to supply Semaglutid on his platform, although some consumers may proceed to find a way to access personalized cans in the event that they are clinically applicable. The GLP-1 offer generated sales of greater than $ 225 million for the corporate in 2024.

“We have to notify customers in the coming one or two months that they have to look for alternative options for commercial doses,” said Andrew Dudum, CEO from HIMS & HERS, when calling.

In the longer term, the corporate said that its weight reduction offer will mainly consist of its oral drugs and the injectable drug Liraglutid, which it desires to introduce on its platform this yr.

Morgan Stanley analysts said on Tuesday in a sign that the corporate's report was “a lot to digest”. They kept their same weight rating for the share and said they were surprised by the extent of the corporate's instructions in 2025.

HIMS & HERS expects sales of two.3 billion US dollars and a couple of.4 billion US dollars this yr. The company added that it could expect its weight reduction offer to generate not less than 725 million US dollars, except contributions from Compound Semaglutid.

“We remain positive about the long-term opportunities and underline the attractive platform of the company and the solid track record that you differentiate between digital health and DTC compenses,” said Morgan Stanley's analysts.

The analysts of the Bank of America said that the corporate could have some success within the transition from patients to its other weight reduction offerings reminiscent of its oral medication, nevertheless it increases with a “considerable explanation risk” with increasing supply of name names.

In addition, the analysts said that the competitors of HIMS & HERS are probably moving the marketing dollar to other products reminiscent of erectile dysfunction and hair loss, which could put pressure on promoting costs. They repeated their underperform -Rating for the share.

“Overall, we do not see the sales advice from 2025 on our head and think that the Beat and considerable story is likely to be over at short notice,” wrote the analysts of the Bank of America in a message on Tuesday.

Citi -analysts have now said that it was “exhausting” to “exhausting” the handbook of HIMS & HERS, since it could require a “considerable acceleration” when using its other weight reduction products. They said they were less confident concerning the success of those offers.

Nevertheless, the analysts increased their price goal for $ 25 to $ 27.

“We are waiting for a more convincing starting point and further details on growth points EX-GLP-1S before we become more constructive,” they wrote in a Monday note.

Each of the last three years, San Jose State's football season ended with a loss in a bowl game. This time there was a 41-39 five-overtime loss to South Florida within the Hawaii Bowl.

In the fifth extra time, the Bulls began with the ball and converted the 2 points with a reception from Keshaun Singleton. As SJSU attempted to reply, a pass from SJSU quarterback Walker Eget intended for Justin Lockhart was deflected, ending the ballgame.

The Bulls led 21-10 at halftime but were outscored 17-3 by the Spartans within the second half.

SJSU took its first lead after linebacker Noah McNeal-Franklin took the ball to the two-yard line following a 27-yard return.

The Spartans' freshman running back Lamar Radcliffe struck out and gave them the lead.

But Floyd Chalk IV, his fellow tailback, was stuffed on a third-and-1 on their final regulation possession, forcing the Spartans to punt with 53 seconds left.

A 13-yard return by USF's Sean Atkins put the Bulls in prime position to push downfield.

Six plays later, Bulls kicker John Cannon converted a 41-yard kick that sent the sport into extra time.

Each team scored in the primary three extra time periods and neither reached the tip zone within the fourth period.

SJSU wide receiver Matthew Coleman, filling in for 2024 Fred Biletnikoff Award finalist Nick Nash, led the Spartans with 119 yards on 12 receptions, including a touchdown in the primary extra time and a two-point conversion within the third third extension.

Eget was 33 of 58 passing with two touchdowns and one interception.

Originally published: December 24, 2024 at 9:51 pm PST

BEIRUT (AP) — The Syrian government fell early Sunday, bringing a surprise end to the Assad family's 50-year rule, after a sudden rebel offensive advanced across government-held territory and entered the capital inside 10 days.

Syrian state television broadcast a video statement from a bunch of men saying President Bashar al-Assad had been overthrown and that each one prison inmates had been released.

The man who read the statement said the opposition group Operations Room to Conquer Damascus called on all opposition fighters and residents to preserve the state institutions of the “free Syrian state.”

The statement got here hours after the pinnacle of a Syrian opposition war monitor said Assad had left the country for an unknown location, fleeing insurgents who said that they had entered Damascus after the remarkably rapid advance through the country.

Syrian Prime Minister Mohammed Ghazi Jalali said the federal government was able to “extend its hand” to the opposition and hand over its duties to an interim government.

“I am in my house and I have not left it, and that is because I belong to this country,” Jalili said in a video statement. He said he would go to his office within the morning to proceed his work and urged Syrian residents to not deface public property.

He didn’t address reports that Assad had fled.

Rami Abdurrahman of the Syrian Observatory for Human Rights told the Associated Press that Assad took a flight from Damascus on Sunday.

Iranian state television, Assad's primary supporter throughout the war years in Syria, reported that Assad had left the capital. Qatari news channel Al Jazeera was quoted as providing the knowledge without elaborating.

There was no immediate comment from the Syrian government.

As day broke over Damascus, crowds gathered to hope in town's mosques and have a good time in its squares, chanting “God is great.” People also chanted anti-Assad slogans and honked their horns. In some areas, celebratory shots were fired.

Soldiers and police abandoned their posts and fled, and looters broke into the Defense Ministry headquarters.

“My feelings are indescribable,” said Omar Daher, a 29-year-old lawyer. “After the fear in which he (Assad) and his father made us live for many years, and the panic and state of terror in which I lived, I cannot believe it.”

Daher said his father was killed by security forces and his brother was in custody, but his fate was unknown. Assad “is a criminal, a tyrant and a dog,” he said.

“Damned be his soul and the soul of the entire Assad family,” said Ghazal al-Sharif, one other reveler in central Damascus. “It is the prayer of every oppressed person and God has answered it today. We thought we would never see it, but thank God we did.”

The police headquarters within the capital gave the impression to be deserted, the door was open and nobody was outside. An Associated Press journalist captured footage of an abandoned army checkpoint where uniforms lay on the bottom beneath a poster with Assad's face. Footage broadcast by opposition-affiliated media showed a tank in one in all the capital's central squares.

It was the primary time opposition forces had reached Damascus since 2018, when Syrian troops recaptured areas on the outskirts of the capital after a years-long siege.

Pro-government radio station Sham FM reported that Damascus airport had been evacuated and all flights had been suspended.

The insurgents also announced that that they had entered the notorious Saydnaya military prison north of the capital and “freed” their prisoners there.

The night before, opposition forces had captured the central city of Homs, Syria's third-largest city, after government troops abandoned it. The city lies at a key junction between the capital Damascus and the Syrian coastal provinces of Latakia and Tartus – the bottom of the Syrian leader and the positioning of a strategic Russian naval base.

The rebels had already captured the cities of Aleppo and Hama in addition to large parts of the south in a lightning offensive that began on November twenty seventh. Analysts said rebel control of Homs can be a game-changer.

The rebels' entry into Damascus got here after the Syrian army withdrew from much of the southern a part of the country and other areas, including several provincial capitals, remained under the control of opposition fighters.

The advances last week were by far the most important in years by opposition factions led by a bunch that has its origins in al-Qaeda and is designated a terrorist organization by the United States and the United Nations. In their push to topple Assad's government, the insurgents led by the Hayat Tahrir al-Sham group (HTS) faced little resistance from the Syrian army.

UN special envoy for Syria Geir Pedersen called on Saturday for urgent talks in Geneva to make sure an “orderly political transition”. Speaking to reporters on the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergei Lavrov, whose country is Assad's primary international backer, said he felt “compassion for the Syrian people.”

In Damascus, people rushed to fill up on supplies. Thousands went to Syria's border with Lebanon and tried to go away the country. Lebanese border officials closed the primary Masnaa border crossing late Saturday, leaving many individuals waiting.

Many shops within the capital were closed, a resident told The Associated Press, and people still open were running out of staples reminiscent of sugar. Some were selling items for 3 times the traditional price.

The United Nations said it was moving non-critical personnel in a foreign country as a precaution.

Syrian state media denied social media rumors that Assad had left the country, saying he was carrying out his duties in Damascus.

He received little to no help from his allies. Russia is busy with its war in Ukraine. Lebanon's Hezbollah, which once sent 1000’s of fighters to support Assad's forces, has been weakened by years of conflict with Israel. Iran has seen its proxies across the region weakened by regular Israeli airstrikes.

US President-elect Donald Trump posted on social media on Saturday that the United States should avoid military involvement in Syria. Separately, President Joe Biden's national security adviser said the Biden administration had no intention of intervening there.

Pedersen said a date for talks in Geneva on implementing a 2015 U.N. resolution calling for a Syrian-led political process can be announced later. The resolution calls for the establishment of an interim governing body, followed by the drafting of a brand new structure and at last elections supervised by the United Nations.

Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, met with Pederson on the sidelines of the Doha summit to debate the situation in Syria.

In a press release, participants reiterated their support for a political solution to the Syrian crisis “that would lead to an end to military activities and protect civilians.”

An insurgent commander, Hassan Abdul-Ghani, posted on the messaging app Telegram that opposition forces had begun the “final phase” of their offensive by encircling Damascus.

HTS controls much of northwest Syria and established a “salvation government” in 2017 to administer day-to-day affairs within the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to reshape the group's image by cutting ties with al-Qaeda, abandoning hardline officials and embracing pluralism and non secular tolerance.

The shock offensive began on November twenty seventh. Gunmen captured the northern city of Aleppo, Syria's largest city, and the central city of Hama, the country's fourth largest city.

Since the conflict began in March 2011, the Syrian government has described armed opposition members as terrorists.

Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to reap the benefits of the lull in fighting lately to deal with the country's underlying problems. “Assad has not taken advantage of this opportunity to engage with his people and restore relations with them,” he said.

“The momentum before the event is waning”