business news
Shares of Mattel could see more than 30% upside on TV and movie releases, Goldman Sachs says
A slate of recent and upcoming TV and film content releases including Minions and Barbie will buoy shares of Mattel, according to Goldman Sachs. Analyst Michael Ng upgraded Mattel to buy from neutral, saying in a Sunday note that the toymaker has a number of promising developments in its pipeline. “Against the backdrop of increasing […]
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Bernie Ecclestone: Former F1 boss to be charged with fraud over assets worth more than £400m
Getty Images | Getty Images Sport | Getty Images Former Formula One boss Bernie Ecclestone will be charged with fraud by false representation over an alleged failure to declare £400m of overseas assets to the government. The charge against the 91-year-old was authorised by the Crown Prosecution Service (CPS) on Monday following an investigation by […]
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Bank of America upgrades Honeywell to buy, citing potential growth in aerospace and oil and gas
Bank of America said investors should consider shares of Honeywell , which has an attractive mix of end markets that will benefit from broader manufacturing trends. Analyst Andrew Obin upgraded shares of Honeywell to buy from neutral, and maintained its price target, saying in a Monday note that he approves of the company’s execution and […]
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Pregnant Texas woman says unborn baby should count as car passenger after receiving HOV ticket
Emilija Manevska | Moment | Getty Images A pregnant Texas woman said her unborn baby should count as a second passenger in her vehicle after she received a ticket, citing Texas’ penal code in the wake of Roe v. Wade’s being overturned. Brandy Bottone, 32, of Plano, was pulled over June 29 after she drove […]
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Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid in premarket trading after Elon Musk announced late Friday that he was abandoning his $44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las Vegas […]
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It’s time to sell Meta until it figures out the metaverse, Needham says in downgrade
Investors should sell shares of Meta until the social media company figures out the metaverse, according to Needham. Analyst Laura Martin downgraded shares of Meta Platforms to underperform from hold, noting that the company’s heavy investments in the metaverse — just as it expects slower revenue growth — may take too long to pay off. […]
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8 ways the Elon Musk-Twitter saga could end
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, May 2, 2022. Andrew Kelly | Reuters In the latest twist in the Elon Musk-Twitter saga, the world’s richest man told the social media company he no longer intends […]
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Bank of America shares are a compelling buy even in a recession, Societe Generale says in upgrade
Investors should consider buying Bank of America even as recession risks linger, according to Societe Generale. Analyst Andrew Lim upgraded Bank of America to buy from hold, saying in a Monday note that the “quality bank” is looking cheap after falling 36% off its recent highs. “Bank of America (BoA) is the highest quality US […]
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Twitter shares sink 7% in premarket trading after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank sharply in early premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company. Shares of […]
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15 dead, dozens trapped after attack on Donetsk apartments; Kyiv says Russia isn’t taking an ‘operational pause’
Le Maire: Russia cutting gas to Europe is one of the key scenarios French Finance Minister Bruno Le Maire, speaking Sunday to CNBC’s Charlotte Reed at the Rencontres Economiques event in Aix-en-Provence, discusses the possibility of Russia shutting off the gas taps to Europe. “I think that this is one of the key scenarios and […]
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