business news
A top Tesla analyst is preserving his underperform ranking on the stock, stating a crucial argument of the bulls is wrong
Bernstein’s Toni Sacconaghi is not looking at the application large in Tesla his counterparts on Wall Road do. An evaluation from the company uncovered Tesla’s computer software delivers in about $290 million per quarter, or 1.3% of complete earnings. That is underneath 5% of gross earnings. Sacconaghi rated the stock as underperform with a selling […]
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We’re impressed with health insurer Humana’s solid quarter and rosy outlook for next year
Club holding Humana (HUM) reported a mixed-but-solid third quarter before the opening bell Wednesday. Early optimism about 2023 also supported our bullish view on the health insurer’s stock. Revenue increased 9% year-over-year to $22.75 billion, slightly below estimates of $22.76 billion, and adjusted earnings-per-share increased 42% to $6.88, exceeding estimates of $6.28 per share. Aiding […]
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Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more
In this article CVS EA AMD BA Follow your favorite stocksCREATE FREE ACCOUNT An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier […]
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Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still, […]
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Companies are blaming a new culprit for earnings woes: Electricity costs
Companies continue to battle inflation on a variety of fronts, but a new source is increasingly being called out: electricity costs. Raw materials, packaging, transportation and labor cost pressures all remain significant issues. But this earnings season, a number of companies have cited notably higher electricity costs over the summer that put pressure on operating […]
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2 takeaways from our daily meeting: Stocks await Fed decision, Club earnings recap
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision ahead Quick takes on Club earnings 1. Fed decision ahead Stocks edged down Wednesday ahead of the Federal Reserve’s decision on interest rate increases, set for this afternoon. […]
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Political advertisers shift spending from Facebook to streaming platforms ahead of midterms
A woman walks past a polling station during early voting for the US midterm elections on October 28, 2022 in Silver Spring, Maryland. Brendan Smialowski | AFP | Getty Images In the 2020 election cycle, the Democratic Governors Association spent roughly 75% of its advertising budget on Facebook, taking advantage of the app’s ubiquity and […]
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Washington Commanders owner Dan Snyder hires Bank of America to explore possible sale
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images Washington Commanders owner Dan Snyder has hired Bank of America to […]
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North Korea launches 23 missiles as Kim Jong Un climbs the ‘escalation ladder’
People today check out a tv monitor showing a news broadcast with file footage of a North Korean missile exam, at a railway station in Seoul on November 2, 2022. Jung Yeon-je | AFP | Getty Photos SEOUL, South Korea — North Korea fired extra than 20 ballistic missiles on Wednesday, a file, sending citizens of a South […]
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Stocks fall as Wall Street prepares for Fed rate decision
Decliners lead advancers 3-1 at NYSE Market breadth was negative in early trading, with roughly three New York Stock Exchange-listed stocks declining for every advancer. Overall, 2,006 NYSE-listed names fell, while just 0746 advanced. — Fred Imbert Energy leading stocks lower The S&P 500 energy sector lagged in early trading Wednesday, falling about 1.7%, as […]
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