Tesla Stock May Slip, but an Analyst Sees a Buying Opportunity

Tesla Stock May Slip, but an Analyst Sees a Buying Opportunity

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

McDonald’s fans fooled by fake tweet announcing return of all-day breakfast

McDonald's fans fooled by fake tweet announcing return of all-day breakfast

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

Okta and Salesforce Stocks Are Upgraded. Analyst Says Bad News Is Priced In.

Okta and Salesforce Stocks Are Upgraded. Analyst Says Bad News Is Priced In.

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

Apple union wave continues as Oklahoma store files for election

Apple union wave continues as Oklahoma store files for election

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

Stock futures higher after August jobs report

Stock futures higher after August jobs report

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 CEO Evan Spiegel upset workers by calling layoffs a chance to prove ‘haters’ wrong: report

Snap CEO Evan Spiegel upset workers by calling layoffs a chance to prove 'haters' wrong: report

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

Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says

Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says

(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 added 315,000 jobs in August, unemployment rises to 3.7%

US added 315,000 jobs in August, unemployment rises to 3.7%

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