Business
Deutsche Bank downgrades data storage company Western Digital, cites softening demand
It’s time to move to the sidelines on Western Digital , according to Deutsche Bank. Analyst Sidney Ho downgraded shares to hold from buy, citing weak demand ahead. The analyst also lowered her price target on the stock to $40 from $56. The new target implies upside of roughly 9% from Monday’s close. “We believe […]
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Intuit CEO says company sees healthy consumer spending, but inflation still needs to get under control
Intuit sees strong consumer spending despite persistent inflation dogging the economy, company CEO Sasan Goodarzi told CNBC’s Jim Cramer on Monday. Goodarzi noted that the financial software firm is able to see consumer spending, the number of employees that businesses have hired and the number of hours they’ve worked. “When we look at those elements […]
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Cramer’s lightning round: International Paper is not a buy
Matterport Inc: “I’d rather be in HP. … This company is losing too much money.” Medtronic PLC: “These guys have lost their way. … They are not executing.” International Paper Co: “Once that starts rolling over, it rolls over big. I do not want you to touch that stock.” Stanley Black & Decker Inc: “I […]
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Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose after Arkansas college football game
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage following a college football game. Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail on Saturday evening. He was […]
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Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles, primarily high-margin trucks […]
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Stocks making the biggest moves after hours: Ford, General Motors, Cognex
A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Images Here are the stocks making notable moves in extended trading: Ford — Shares fell about 3.8% post market Monday after the automaker told investors it […]
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Judge tosses conviction of Adnan Syed in ‘Serial’ case and orders him released
Adnan Syed, whose case was chronicled in the hit podcast “Serial” waves as he exits the courthouse after a judge overturned Syed’s 2000 murder conviction and ordered a new trial during a hearing at the Baltimore City Circuit Courthouse in Baltimore, Maryland, September 19, 2022. Evelyn Hockstein | Reuters A judge on Monday vacated the […]
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LIV Golf CEO Greg Norman visits Capitol Hill as the Saudi-backed league battles the PGA Tour
LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois. Brian Spurlock | Icon Sportswire | Getty Images LIV Golf CEO Greg Norman will be visiting Capitol Hill this week to meet with members […]
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‘The Woman King’ poised for big box-office run after surprisingly strong opening weekend
Viola Davis stars in Sony’s “The Woman King.” Sony During a lull in the movie calendar, Gina Prince-Bythewood’s “The Woman King” is generating the kind of buzz — and ticket sales — that the box office desperately needs. The action-packed film about an all-female regiment of warriors brought in $19 million at the domestic box […]
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FAA rejects proposal to halve flight-time requirement for pilots as shortage prompts route cuts
A Republic Airways plane approaches the runway at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, on April 2, 2022. Daniel Slim | AFP | Getty Images The Federal Aviation Administration on Monday said it has rejected a proposal to halve the number of hours required to become a co-pilot, as a severe shortage […]
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