Homebuilder stocks are tanking after J.P. Morgan said it is "more cautious" about the sector's prospects. » Read More
By: Hugh Son
CEO Tim Sloan informs Wells Fargo employees that as many as 26,500 positions will be eliminated. » Read More |
By: Tae Kim
Jefferies raises its price target for AMD shares, predicting big market share gains for the chipmaker due to Intel's processor shortages. » Read More |
Analysts are concerned the negative impact from Intel's processor manufacturing issues may last longer than one quarter.
Former Goldman Sachs macro trader Michael Novogratz is comparing recent growth in cannabis stocks to last year's record-setting gains in crypto.
UBS raises its rating of AT&T to buy from neutral, citing "an overly negative outlook" and saying it expects a turnaround in operating performance.
Some of the names on the move ahead of the open.
European stocks posted solid gains by the end of Friday's session.
The biggest private equity firms have all but pivoted from private equity to private debt, joining a new breed of lightly regulated asset managers that have filled the void as banks are forced to retreat from risky deals, the FT reports.
See which stocks are posting big moves after the bell on Thursday.
Wells Fargo is lowering its employee headcount by 5 to 10 percent in the next three years, the company announced Thursday.
Comcast is preparing for a situation where Fox, working in concert with Disney, increases its offer for Sky, sources say. An increased bid would force Comcast to bid higher for Sky, just as Comcast forced Disney to up its bid for Fox earlier.
Adobe is nearing an acquisition of Marketo, sources said. Private equity firm Vista bought Marketo for $1.8 billion in 2016. Adobe will pay substantially more, the people said.
Persistent rate increases in the United States may be having very negative impacts on the global economy.
Danske Bank said that its headquarters and its Estonian branch failed for years to prevent suspected money laundering involving thousands of customers, The New York Times reports.
Aurora Cannabis is planning to list its shares on a major U.S. stock exchange next month, according to the company.
Turkey's finance minister has slashed the country's economic growth targets and promised to cut public spending by nearly $10 billion as the country tries to rebuild shattered market confidence and find a way out of a currency crisis, The Financial Times reports.
In a major reversal, the Netherlands is considering shutting down the tax-avoidance benefits that made the country a magnet for international corporations like Netflix, Nike and Uber, the New York Times reports.
Developments are afoot from traditional banks and fintechs. As the competition intensifies, that could mean more rewards, fewer fees and higher savings rates for these younger adults. USAToday reports.
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