business news
5 things to know before the stock market opens Tuesday
People walk by the NYSE in New York City. Spencer Platt | Getty Images News | Getty Images Here are the most important news items that investors need to start their trading day: 1. Futures slide Stock futures fell Tuesday morning, setting up a second straight day of losses. Markets are coming off a winning […]
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The euro is near parity with the U.S. dollar: Here’s how travelers can take advantage of the exchange rate
A customer reaches down to pick up a bottle of water from a street vendor in Paris on June 17, 2022. Stefano Rellandini | Afp | Getty Images The value of the euro relative to the U.S. dollar has sunk near a two-decade low — and that’s good news for Americans traveling to Europe this […]
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Stocks making the biggest moves premarket: PepsiCo, Gap, Peloton and others
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates, and revenue topped Wall Street forecasts. The company also raised its full-year forecast as consumer demand holds up even as prices rise. PepsiCo gained 1.2% […]
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Morgan Stanley downgrades American Express on lower spending among high-end consumers
Shares of American Express could come under pressure as more consumers cut back on spending because of inflation, according to Morgan Stanley. Analyst Betsy Graseck downgraded shares of American Express to equal weight from overweight, and cut the price target, saying in a Tuesday note that rising prices are starting to hit more wealthy consumers. […]
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Peloton to outsource all manufacturing as part of its turnaround efforts
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton said Tuesday that it plans to exit all of its in-house manufacturing and instead will expand its current relationship with Taiwanese manufacturer Rexon Industrial, in […]
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Citi upgrades JPMorgan Chase to buy, says stock is at an attractive entry point
Investors should consider buying shares of JPMorgan Chase ahead of a major earnings week for banks as they’re at an attractive entry point, according to Citi. Analyst Keith Horowitz on Tuesday upgraded shares of JPMorgan to buy from neutral, citing solid fundamentals that should appeal to investors, as well as the recent pullback in the […]
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PepsiCo raises revenue outlook after sales and profit top expectations
A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China. VCG | Getty Images PepsiCo on Tuesday raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade in its latest quarter. Shares of the company […]
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Wells Fargo downgrades Gap, says it cannot recommend buying the apparel retailer after CEO exit
Wells Faro no longer advises investors continue buying shares of Gap following news that the apparel retailer’s most recent chief executive will step down. Analyst Ike Boruchow downgraded shares of Gap to equal weight from buy and slashed his price target, saying in a Monday note that investors should start looking elsewhere for companies with […]
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U.S., Japan agree to address currency, economic impact of Ukraine war
Japanese Finance Minister Shunichi Suzuki shaking hands with US Treasury Secretary Janet Yellen at the latter’ office in Tokyo on July 12, 2022. U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki agreed on Tuesday to further strengthen bilateral ties and work together to address rising food and energy prices exacerbated by Russia’s […]
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Singapore’s state-owned investor Temasek reports record portfolio value
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE — Temasek Holdings reported Tuesday that the net value of its portfolio grew to $286.48 billion (403 billion Singapore dollars) at the end […]
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