The good news for aluminum production company Alcoa has already been priced into the stock, according to Morgan Stanley.
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Morgan Stanley downgrades Alcoa, says good news already baked into the stock
Business
Apartment rents weaken further as war and job cuts weigh on demand
Key Points March rents were down 1.7% on an annual basis, according to Apartment List. That’s the largest drop since Apartment List began tracking in 2017and larger than the record set in the early months of the Covid pandemic. Rents are falling because vacancies are also unusually high. A version of this article first appeared […]
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Business
Volkswagen deal with EV maker Xpeng shows how China tech threatens Western automakers
In 1984, Volkswagen partnered with a Chinese automaker because it was required by Chinese law. Now the German company is partnering with Chinese automakers because it wants to use their technology. Volkswagen Group today maintains the original joint ventures it made with Chinese automakers in those early days of its foray into what has become […]
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Business
Tom Brady, famed health nut, explains his junk food endorsements in retirement: ‘Moderation in all things’
From Pizza Hut to Dunkin’, Tom Brady is seemingly everywhere these days promoting food brands he once wouldn’t have touched during his NFL playing days. The seven-time Super Bowl winning quarterback famously followed a strict health-focused diet and once referred to soda and sugary cereals as “poison for kids.” But Brady says he’s softened his […]
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