Month: January 2023
Bank of America upgrades Merck, says pharma giant will outperform even as macro pressures mount
Investors can expect further gains from Merck this year, Bank of America said. Analyst Geoff Meacham upgraded shares to buy from neutral, saying the pharmaceutical company will continue to outperform even as macro pressures mount in 2023. “We are upgrading MRK to Buy from Neutral based on continuation of strong growth trends seen last year […]
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Stocks making the biggest moves premarket: General Electric, Salesforce, Alibaba and more
In this article BABA MSFT CRM GE Follow your favorite stocksCREATE FREE ACCOUNT Cincinnati – Circa September 2021: General Electric Global Operations Center. jetcityimage | iStock Editorial | Getty Images Check out the companies making headlines in premarket trading. General Electric — GE HealthCare Technologies begins trading as a separate company on the S&P 500 […]
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French bakers allowed to renegotiate sky-higher expenses with the daily baguette underneath menace
Bread shown at the natural and organic Racynes bakery in Boulogne-Billancourt, outside Paris, in November 2022. Bakery entrepreneurs have been battling with higher crop and electricity charges. Stephane De Sakutin | Afp | Getty Photos Electricity suppliers in France have agreed to let bakeries to negotiate new payment strategies for 2023 to steer clear of […]
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5 things to know before the stock market opens Wednesday
Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023. Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Holiday hangover Stocks started the year with a stumble after the long holiday […]
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Wells Fargo downgrades Target, says headwinds are mounting for the retailer
It’s time to step to the sidelines on Target , according to Wells Fargo. Analyst Edward Kelly downgraded shares to equal weight from overweight, saying a weaker consumer in 2023 will be especially challenging for general merchandise companies. “TGT’s outlook has deteriorated meaningfully and we no longer see it as an attractive investment into an […]
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Mortgage demand plunges 13% to end 2022, as interest rates head higher again
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was down 13.2% at the end […]
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China risks loom in excess of U.S. tech giants Tesla and Apple as share costs plunge
Apple and Tesla are going through significant headwinds in China which is contributing to trader jitters around the two U.S. technologies giants. Tesla shares tanked 12% on Tuesday just after the electric powered carmaker reported deliveries that fell small of analyst expectations, even though Apple fell additional than 3% as considerations resurfaced about demand for […]
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British isles PM Rishi Sunak to suggest obligatory math for pupils up to 18
Britain’s new Primary Minister Rishi Sunak speaks outside Selection 10 Downing Road, in London, Britain, October 25, 2022. Henry Nicholls | Reuters Sunak’s education proposals would only have an effect on pupils in England. Training is a devolved situation, with Welsh, Scottish and Northern Irish authorities managing their personal programs. University-primarily based education in England […]
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UBS downgrades Microsoft, cites weakening outlook for Azure and Office
There’s some weakness ahead for Microsoft , UBS said. Analyst Karl Keirstead downgraded the tech giant to neutral from buy, saying the latest round of field checks into the business lowered the bank’s confidence in the stock. “We are downgrading our rating on Microsoft shares to a Neutral from a Buy on the back of […]
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European markets progress as traders await Fed minutes
Shares on the transfer: BKW up 4%, Tenaris down 5% Swiss power supplier BKW jumped 6% in early trade to guide the Stoxx 600 soon after projecting an “superb” full-calendar year outcome for 2022. Italian steel pipe manufacturer Tenaris fell 5% to the base of the European blue chip index. – Elliot Smith CNBC Professional: […]
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