Author: Admin
Piper Sandler cuts Netflix price target, says ‘Stranger Things’ to provide only short-term relief
Netflix is still a “business in transition” story for investors to monitor and not buy yet, even with shares down more than 70% from their highs, according to Piper Sandler. Analyst Thomas Champion reiterated a neutral rating on Netflix and cut his price target by 28%. In a Tuesday note, the analyst said stiffer competition, […]
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Stocks making the biggest moves premarket: Tesla, Occidental Petroleum, Exxon Mobil and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained […]
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More than 1,800 flights canceled over holiday weekend: FlightAware
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Phil LeBeau joins ‘Squawk Box’ to break down how major airlines held up over the busy holiday weekend amid a slew of recent delays and cancellations. Source
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Evercore ISI downgrades HP, lowers earnings estimates on tough PC market later this year
Shares of HP could see “downside bias” as the company deals with a tougher market for PCs later this year, according to Evercore ISI. Analyst Amit Daryanani downgraded shares of HP to in line from outperform, saying in a Monday note that earnings for the company, which is favored by Warren Buffett’s Berkshire Hathaway, could […]
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Russia is set to switch off the gas for work on a key pipeline — and Germany fears the worst
Russia says it stands ready to supply gas to Europe, describing ongoing disruption concerns as a “man-made crisis” created by Europe. Bloomberg | Bloomberg | Getty Images Russia is poised to temporarily shut down the Nord Stream 1 pipeline — the European Union’s biggest piece of gas import infrastructure — for annual maintenance. The works […]
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Australia floods worsen as thousands more flee Sydney homes
State Emergency Service and Rural Fire Brigade volunteers are seen during the evacuation of residents from the Woronora River area as floodwaters rise on July 04, 2022 in Sydney, Australia. Sean Foster | Getty Images News | Getty Images Torrential rains kept battering Australia’s east coast on Tuesday, intensifying the flood crisis in Sydney as […]
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Euro slides to 20-year low against the dollar as recession fears build
A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany. Alex Kraus | Bloomberg | Getty Images The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305. It comes as fears of a recession in the […]
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The world’s most powerful tidal turbine just got a major funding boost
Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday it secured £8 million ($9.64 […]
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European stocks flat as markets struggle to build momentum
LONDON — European stocks were flat on Tuesday as global markets look to cement gains after a bruising week for stocks last week. The pan-European Stoxx 600 hovered around the flatline after an hour of trading, having given back opening gains. Food and beverage stocks gained 0.8% while oil and gas stocks dropped 1%. In […]
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China’s Liu He and U.S. Treasury Secretary Janet Yellen hold virtual talks
Chinese Vice Premier Liu He represented his country in the signing of a trade agreement with the U.S. in January 2020.C Saul Loeb | AFP | Getty Images BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call Tuesday about macroeconomic issues, according to official statements from both […]
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