Text size Analysts have raised Tesla price targets since a stock split at the end of August. Patrick T. Fallon/AFP via Getty Images Piper Sandler analyst Alexander Potter sees “crosscurrents” that could drive Tesla stock lower in coming weeks. But Potter remains bullish on the long-term outlook for the company and the shares. The three … Read more
A viral tweet which posted a McDonald’s press release announcing the return of the all-day breakfast is fake. A Twitter user who goes by the handle @bereniceruizzz posted a screenshot on Thursday of a McDonald’s press release which read: “Let There Be Breakfast: McDonald’s Serving All Day Breakfast Starting Oct. 6.” “Mark your calendars,” the … Read more
Text size Salesforce trimmed its full-year financial estimates on Aug. 25. Victor J. Blue/Bloomberg Okta and Salesforce have both shared troubling news recently, but Guggenheim lifted its ratings on the cloud-based software stocks, saying the shares’ prices now reflect the companies’ challenges. Analyst John DiFucci raised his rating on Okta and Salesforce to Neutral from Sell … Read more
Employees of an Apple Store in Oklahoma City have filed for a union election, adding to a growing wave of labor organizing efforts among retail workers at the world’s most valuable company. About 70% of employees at Apple’s Penn Square Mall store have signed union cards and are seeking representation from the Communications Workers of … Read more
Warren Buffett keeps backing up the truck on big oil. Lock in energy yields up to 13.3% for some fat income to boot Energy was the top-performing sector of the S&P 500 last year. And that momentum has carried into 2022. Year to date, the Energy Select Sector SPDR Fund (XLE) is up 37%, in … Read more
U.S. stocks opened Friday’s trading session higher following an in-line August jobs report. Shortly after the opening bell, the S&P 500 was up 0.7%, the Nasdaq up 0.7%, and the Dow was up about 150 points, or 0.5%. This jump follows a volatile trading session on Thursday that saw all three major indexes sink before … Read more
Snap boss Evan Spiegel reportedly angered his remaining employees on Thursday by framing the company’s recent sweeping layoffs as a chance for them to stick it to the firm’s “haters.” Spiegel’s remarks came during an all-hands meeting with Snap employees after the social media app slashed about 20% of its workforce, or more than 1,200 … Read more
(Bloomberg) — Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say. Most Read from Bloomberg Global equity funds had outflows of $9.4 billion in the week to Aug. 31, the fourth-largest redemptions … Read more
US employers hired slightly more workers than expected in August, keeping the Federal Reserve on track to deliver a third 75 basis points interest rate hike this month, though the unemployment rate increased to 3.7%. Nonfarm payrolls increased by 315,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for July was revised slightly down to show … Read more
Text size Cathie Wood’s ARK sold Tesla and bought Nvidia shares in three of its exchange-traded funds on Thursday. Getty Images Cathie Wood seems to have used Nvidia ’s tough day to buy more stock in the graphics chip giant. She sold some of her Tesla stake to buy the Nvidia shares. Nvidia (ticker: NVDA) … Read more