Summary DTE Energy is a Detroit-based diversified energy company. Its operating units include Detroit Edison, an electric utility serving 2.3 million customers in Southeastern Michigan; MichCon, a natural gas utility serving 1.3 million customers in Michigan; and other nonutility energy businesses focused on power and industrial projects, fuel transportation, and marketing. In July 2021, DTE […]
Summary Lazard Ltd., one of the world’s leading financial advisory and asset management firms, provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset managemen Upgrade to begin using premium research reports and get so much more. Exclusive reports, detailed company profiles, and best-in-class […]
Bristol Myers Squibb (NYSE: BMY) shareholders are certainly finishing the trading week on a high note. The drugmaker’s stock is up 9.6% as of 1:14 p.m. ET, according to data from S&P Global Market Intelligence, in response to a surprisingly strong second-quarter report and subsequently raised full-year guidance. Bristol Myers Squibb is firing on all […]
Nvidia ‘s slump is hitting some technical milestones that suggest the stock could continue to slide, according to Raymond James. Shares of the dominant maker of chips used in artificial intelligence are down about 8% in July. Raymond James chart analyst Javed Mirza said in a July 25 note to clients that Nvidia has triggered […]
It’s not every day that a firm tells shareholders to disavow any and all comments from its parent company’s largest shareholder and CEO. But that’s exactly what Pershing Square USA Ltd. did on Thursday when it threw Wall Street speculator Bill Ackman under the bus. In a letter marketing his new closed-end activist hedge fund […]
Check out the companies making headlines in midday trading: 3M — The stock skyrocketed more than 18% to hit a 52-week high after the maker of office supplies and adhesives reported stronger-than-expected quarterly results. 3M posted second-quarter adjusted earnings of $1.93 per share, exceeding an LSEG estimate of $1.68 per share. Its revenue also came […]
Retirement often means relying on a fixed income, making careful budgeting essential. Many retirees need to cut back on expenses to make ends meet. Financial expert Suze Orman, a leading voice in personal finance, suggests one specific area where retirees should consider reducing spending. “That expense is eating out,” Orman told GOBankingRates. Don’t Miss: Orman […]
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games. “Given the NBA’s unjustified rejection of our matching of a third-party […]
The late comedian Rodney Dangerfield was famous for his catchphrase, “I don’t get no respect.” Does Dangerfield’s line apply to some stocks today? Absolutely. Three Motley Fool contributors think they’ve found surprisingly underrated pharmaceutical stocks to buy right now. Here’s why they picked AstraZeneca (NASDAQ: AZN), Pfizer (NYSE: PFE), and Viatris (NASDAQ: VTRS). A healthcare […]
Improving news on inflation again has raised investors’ hopes that the Federal Reserve soon will start to aggressively lower interest rates. Following Friday’s Commerce Department report that the annual inflation rate as gauged by the Fed’s favorite measure had cooled to 2.5%, traders increased the probability that not only will the first rate cut in […]
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Disney and Marvel’s “Deadpool & Wolverine” has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. The latest entrant in the Marvel Cinematic Universe is […]
Last year, just months before his passing at 99, legendary investor Charlie Munger sat down for a rare and insightful interview on the Acquired podcast. Munger, best known as Warren Buffett’s right-hand man and the Vice Chairman of Berkshire Hathaway, shared his wisdom on investing, business, and life. Don’t Miss: During the interview, host David […]
