CompaniesBIO

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images Investors should avoid allocating to Europe in the hunt for value stocks, as the continent's energy crisis means the risk-reward is still not there, according to Willem Sels, global CIO at HSBC Private Banking and Wealth Management. The macroeconomic outlook in Europe is bleak as supply disruptions and the impact of Russia's war in Ukraine on energy and food prices continue to stifle growth, and force central banks to tighten monetary policy aggressively to rein in inflation. related investing news Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett Sarah Min 2 hours ago Is it time to buy Treasurys? Here's how to allocate your po...

Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices on some equipment and closing a number of retail stores. Illumina — The gene-sequencing technology company dropped more than 9% after reporting lower- than-expected second-quarter profit and revenue. Illumina also issued an outlook that fell short of analyst estimates . New York Times — Shares of the newspaper fell 3%, retreating from a near 11% rally in the previous session. Thursday's rally came after activist investor ValueAct Capital took a 6.7% stake, pushing the publisher to charge more for subscriber-only content. Toast — Shares of the payment tech company jumped more than 12% after it raised its earnings outlook for the year. The company als...