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Alcohol stocks drop after US surgeon general calls for cancer warnings

(Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy said in an advisory. "For certain cancers, like breast, mouth, and throat cancers, evidence shows that the risk of developing cancer may start to increase around one or fewer drinks per day," according to the advisory.

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Why Is Clean Tech Company N2OFF Stock Jumping Premarket Friday?

N2OFF, Inc. (NASDAQ:NITO) shares escalated premarket on Friday after the company signed a binding Letter of Intent with Solterra Brand Services Italy, a subsidiary of Solterra Ltd., for renewable energy projects in Italy. The agreement includes the purchase and development of two battery energy storage systems in Sicily, each with a capacity of 98MWp/392MWh. The projects involve a total investment of up to 2.35 million euros ($2.42 billion), structured in milestone payments. Upon project complet

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How To Earn $500 A Month From KB Home Stock Ahead Of Q4 Earnings

KB Home (NYSE:KBH) will release earnings for its fourth quarter, after the closing bell on Thursday, Jan. 9. Analysts expect the Los Angeles-based company to report quarterly earnings at $2.46 per share, up from $1.85 per share in the year-ago period. KB Home projects to report quarterly revenue of $1.99 billion, compared to $1.67 billion a year earlier, according to data from Benzinga Pro. On Dec. 17, Wells Fargo analyst Sam Reid maintained KB Home with an Underweight rating. He also lowered th

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Stock picking hedge funds post highest average returns since 2020, says Goldman Sachs

Global hedge funds taking long and short bets on stocks last year sported their highest average returns since 2020, Goldman Sachs said in a note, attributing the result to steady returns amid volatile markets. These hedge funds' total weighted average return came in at 12.75% for 2024, Goldman Sachs said in a private note to clients on Thursday that was seen by Reuters Friday. Fundamental equity managers' weighted average in 2020 was 22.53%, according to a Goldman note from December 2022.

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Why Is Nu Skin Enterprises Stock Jumping Today?

Nu Skin Enterprises, Inc. (NYSE:NUS) saw its shares rise on Friday following the announcement of a strategic transaction by its Rhyz Inc. subsidiary. Rhyz has sold its Mavely affiliate marketing technology platform to Later, a portfolio company of Summit Partners, for approximately $250 million in cash and a minority equity stake in the combined Later/Mavely business. The deal, which also includes $33 million to be paid to other equity holders in the Mavely business, is part of Nu Skin’s broader

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