Check out the companies making headlines in midday trading. Altice USA — The cable television firm tumbled more than 12% after Wells Fargo downgraded the stock to underweight from equal weight. The bank is now skeptical on Altice’s M & A prospects, analyst Steven Cahall wrote. Tesla — The electric vehicle maker lost nearly 2% […]
Steve Eisman of “The Big Short” fame has been bullish on infrastructure stocks after studying the industry for the past two years, and here are the companies he likes the most. The investor who called and profited from the subprime mortgage crisis grew fond of infrastructure companies on the back of increased government spending. Eisman, […]
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images Federal Reserve Governor Michelle Bowman said Friday that it’s possible interest rates may have to move higher to control inflation, rather than the cuts her […]
Hunter Howell, 22 years old and freshly graduated with a degree in business administration from Elmhurst University in the Chicago suburbs, has submitted over 1,700 job applications. But in his 10 months of job hunting, he’s gotten only one offer. “The initial feeling was like, What the hell is going on? What the hell is […]
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry up. […]
(Reuters) -Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said. COMMENTARY: SAM ABUELSAMID, PRINCIPAL […]
As the dust settles on the breakup of the industrial conglomerate known as General Electric, markets are still trying to figure out how to price the different parts of the business. Shares of GE Aerospace (NYSE: GE) traded up 5% as of 10:30 ET on Friday as investors took a fresh look at the potential […]
Shares of beleaguered semiconductor giant Intel (NASDAQ: INTC) tumbled for a fourth straight day on Friday, falling 2.3% through 10:15 a.m. ET as investors continue to digest the news that Intel lost $7 billion building semiconductor chips for its competitors last year. And Wall Street isn’t helping matters much. Adding insult to injury, this morning, […]
BTIG raised its Microstrategy price target to $1,800 from $780. The broker said the firm has a greater exposure to bitcoin on a per-share basis. The software company should benefit from bitcoin catalysts such as the halving event, the report said. MicroStrategy has a track record of creating value for shareholders, broker BTIG said in […]
For investors seeking a steady stream of monthly income, real estate investment trusts (REITs) that pay dividends on a monthly basis emerge as a compelling financial strategy. Let’s check out two with yields up to 7.2%. Whitestone REIT Whitestone REIT (NYSE:WSR) owns and manages a portfolio of 55 open-air retail centers containing approximately five million […]
(Bloomberg) — The world’s biggest gold miners are at risk of missing out on the metal’s record run after spending billions of dollars to become the obvious home for bullion-focused investors. Most Read from Bloomberg Despite gold hitting all-time highs almost daily, Newmont Corp. shares are down about 6% this year, and rival Barrick Gold […]
The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth. Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300 jobs. Government and leisure and […]
