Business
Paramount’s peak earnings growth is likely in the past, Wells Fargo says in downgrade
Wells Fargo is shifting its perspective on Paramount , believing the entertainment company may have surpassed its peak earnings growth. “The transition to streaming appears to be the right one, but earnings might need another structural reset lower, even after streaming loses abate,” wrote analyst Steven Cahall in a note to clients Tuesday. “We don’t […]
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Air cargo rates slump but some companies see long-term strength
The cost of shipping air freight around the world is slumping, but some companies say the world’s shift to flying goods around the world will keep the market attractive for years. “I don’t think it’s going to give back share to other forms of transportation,” Boeing CEO Dave Calhoun told reporters at an industry conference […]
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5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE Sept. 30, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. A little relief The weather was gloomy Monday in New York, but the markets, for a change, were not. Stocks rebounded sharply as investors sought to shake […]
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GM adds former Lyft and Tesla executive Jon McNeill as board member
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity. Jeff Kowalsky | AFP | Getty Images DETROIT – General Motors on Tuesday said it is adding Jon […]
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JPMorgan trims Disney’s price target, cites higher direct-to-consumer losses
Disney ‘s upside could be capped as the entertainment company faces higher potential losses in some segments. Analyst Philip Cusick trimmed his price target on the stock to $145 from $160 a share in a note to clients Tuesday, citing adjustments to operating income for the company’s parks and entertainment segment and higher losses in […]
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UBS upgrades Domino’s Pizza, says demand slowdown concerns are overblown
It’s time for investors to take a slice out of the Domino’s Pizza pie despite concerns of slowing demand for the pizza maker, according to UBS. Analyst Dennis Geiger upgraded shares of the fast food stock to buy from neutral, saying in a note to clients that the valuation looks attractive compared to its peers […]
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Manhattan apartment sales fall 18% in third quarter, marking reversal
Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Images Manhattan apartment sales fell 18% in the third quarter, as rising mortgage rates and declining stock markets put the brakes on New York’s real estate comeback. The drop is the first […]
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Dubai, Tel Aviv and beyond: CNBC names the best hotels for business travel in the Middle East
Preparing for a business trip to the Middle East? CNBC has made it easy to find the best hotel for the trip. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in the Middle East. This is the first ranking of its kind between CNBC and […]
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London, Paris, Frankfurt and beyond: CNBC names Europe’s best hotels for business travel
International travel may still have its challenges. But finding a solid hotel for a business trip isn’t one of them. CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in Europe. This is the first ranking of its kind between CNBC and Statista, who […]
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Jim Cramer says Apple is still the ‘greatest stock of all time’
CNBC’s Jim Cramer on Monday said that investors should ignore negative calls about Apple and hold onto their shares of the company. “The next time you hear this Apple mishegoss, you need to recognize that you’re still getting one more buying opportunity in what I consider to be the greatest stock of all time,” he […]
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