Business
DraftKings says no evidence systems were breached following report of a hack
Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank accounts, according to a report by […]
Read More
This crypto cold storage stock could more than double following the FTX collapse, JPMorgan says
Shares of CompoSecure could more than double from here as the FTX debacle spells a buying opportunity in crypto cold storage providers, according to JPMorgan. Analyst Reginald L. Smith has an overweight rating on CompoSecure, saying the crypto cold storage provider allows traders to take their cryptocurrencies offline and protect them in a digital wallet. […]
Read More
Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. George Rose | Getty Images The Biden administration […]
Read More
NASA’s Orion spacecraft flies by the moon in milestone for Artemis 1 mission
NASA’s Orion spacecraft made its closest approach to the moon on Monday morning during day five of the Artemis 1 mission. The uncrewed capsule flew about 81 miles above the lunar surface, the agency said. Artemis I launched from Florida on Wednesday, with NASA’s most powerful rocket ever – the Space Launch System (SLS) – […]
Read More
Analysts cheer Iger’s return to Disney; MoffettNathanson upgrades and sees 30% upside
Wall Street analysts broadly approved of Bob Iger’s return to Disney . Iger was reappointed as chief executive officer, effective immediately, after his successor, Bob Chapek, faced criticism for his handling of the company. Disney shares rose 8% in premarket trading Monday. They’re off 40% this year. As a whole, analysts welcomed the CEO change, […]
Read More
Disney board reached out to Iger on Friday following concerns over earnings
Disney’s board reached out to Bob Iger on Friday, without any other serious candidates in mind to replace Bob Chapek as CEO, CNBC’s David Faber reported Monday, citing sources. The board’s outreach to Iger and discussion to replace Chapek came after surging concerns crested following Disney’s most recent quarterly earnings report, according to Faber’s sources. […]
Read More
Barclays downgrades Williams-Sonoma and RH, warns of a weak housing cycle ahead
A weak housing cycle will hurt home furnishing retailers Williams-Sonoma and RH , according to Barclays. Analyst Adrienne Yih downgraded both stocks to equal weight from overweight. She also slashed her price targets on Williams-Sonoma and RH. “We are downgrading both WSM and RH on a weakening housing cycle that we believe will have a […]
Read More
This self-driving car technology stock can jump more than 25%, Goldman Sachs says
Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst’s 12-month price target of $36 implies […]
Read More
Goldman Sachs upgrades this new shoe stock, predicts 65% upside as more on Wall Street get on board
Shares of On Holding can surge more than 65% as more people on Wall Street get on board with the Swiss footwear sneaker company, according to Goldman Sachs. Analyst Richard Edwards upgraded shares to buy from neutral, but lowered his target price, saying investors can expect “rapid growth” from the footwear company on the strength […]
Read More
5 things to know before the stock market opens Monday
Heritage turkeys make rapid gurgling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky, November 16, 2021. Amira Karaoud | Reuters Here are the most important news items that investors need to start their trading day: 1. Time to talk turkey Happy Thanksgiving Week. We may have a shortened trading schedule, […]
Read More