Business
NASA begins return to the moon with low-cost CAPSTONE mission, launched by Rocket Lab
The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron […]
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Goldman Sachs cuts Truly maker Boston Beer to sell as hard seltzer’s popularity fades
The waning popularity of hard seltzer brand Truly is about to cut Boston Beer’s momentum, according to Goldman Sachs. Analyst Bonnie Herzog downgraded shares of the Sam Adams brewer to sell from neutral, saying in a Tuesday note that lower consumer interest in hard seltzer, and a lackluster product pipeline, will dampen its sales. “We […]
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3 trends to watch as retailers prep for back-to-school, holiday shopping
Pedestrians view the holiday windows at a store in New York, on Thursday, Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images Summer vacation season is just getting started, but retailers are already gearing up for the holidays. In coming weeks, companies will get early clues about how the all-important holiday shopping season will […]
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UBS downgrades online retailers Ebay and Farfetch to neutral on rising recession risks
An economic slowdown could hit some online retailers, such as Ebay and Farfetch , more than others, according to UBS. Analyst Lloyd Walmsley downgraded shares of Ebay and Farfetch to neutral from buy, saying in a Tuesday note that there are growing concerns around the two e-commerce companies’ performance as recession risks rise. UBS recently […]
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5 things to know before the stock market opens Tuesday
Here are the most important news items that investors need to start their trading day: 1. Stocks attempt to rebound Traders work on the floor of the New York Stock Exchange. NYSE Futures rose Tuesday morning after stocks’ attempt to keep a rally going fizzled Monday. Investors are still weighing the risks of supercharged inflation […]
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Credit Suisse says FedEx and UPS are cheap buys for the long term
It’s time to buy shares of FedEx and United Parcel Service, which are attractive opportunities for investors after their recent stock tumbles, according to Credit Suisse. Analyst Ariel Rosa reiterated outperform ratings on FedEx and UPS, among others, while initiating coverage of 18 transportation and logistics companies. The analyst focused on quality companies with strong […]
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Jefferies sees ‘attractive entry point’ for Snowflake, upgrades shares and predicts 35% upside
Shares of Snowflake are a ‘high quality growth’ story for investors with more than 30% upside from here, according to Jefferies. Analyst Brent Thill upgraded the stock to buy from hold, saying in a Tuesday note that shares are at an “attractive entry point” given its long-term targets. Snowflake’s stock price has fallen 63% off […]
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Electrode maker De Nora ‘not scared’ about volatility as it braves IPO
De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros […]
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Credit Suisse vows to overhaul its risk management after a litany of scandals
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahead with its risk management and compliance overhaul in light of a string of scandals, despite what its CEO called […]
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Why one stock brokerage is bullish on Reliance Industries and Infosys
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president […]
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