[ad_1] A “Hollywood ending” for Herc has been postponed, according to Bank America. Analyst Sherif El-Sabbahy double-downgraded shares to underperform from buy, citing the near-term impact from the ongoing writers and actors strike in Hollywood. He also reduced his price target to $140 from $150, which implies a 1.6% pullback from Thursday’s close. Herc rents … Read more
[ad_1] A man passes by a location of financial broker Charles Schwab in the financial district in New York, March 20, 2023. Brendan McDermid | Reuters Shares of brokerage firm Charles Schwab rose sharply Tuesday after the company’s second-quarter report topped expectations. Schwab generated 75 cents in adjusted earnings per share on $4.66 billion in … Read more
[ad_1] The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande Group posted a combined loss of $81 billion in its long overdue earnings report late on Monday. The world’s most indebted property developer fell … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange. NYSE Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world. The Dow Jones Industrial Average traded 60 points higher, or 0.2%. The S&P 500 climbed 0.2%, while the Nasdaq Composite advanced 0.4%. … Read more
[ad_1] A photo illustration of the digital Cryptocurrency, Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are seen on September 13 2018 in Hong Kong, Hong Kong. Yu Chun Christopher Wong | S3studio | Getty Images Cryptocurrencies headed for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally. … Read more
[ad_1] Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. Warren Buffett‘s big energy and utility division bought the stake from Dominion Energy … Read more
[ad_1] Investors may want to stick with what’s working in the market. ETF experts Todd Sohn and VettaFi’s Dave Nadig believe a second winning half is in store for technology and artificial intelligence plays. Sohn, Strategas’ ETF and technical strategist, particularly likes Roundhill Generative AI and Technology ETF (CHAT). “What I like about [CHAT] is … Read more
[ad_1] Bitcoin touched a 13-month high on Thursday as optimism grew among investors that the U.S. could soon get a bitcoin ETF. The cryptocurrency was last flat at $30,548.68, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. It gave back those gains, however, … Read more
[ad_1] Jordan Mansfield | Getty Images The price of bitcoin fell on Friday following a report that recent bitcoin filings from big names like BlackRock and Fidelity have been deemed inadequate in the eyes of the SEC. Bitcoin was last hovering below the flat line, trading at $30,402.81, according to Coin Metrics. Earlier it fell … Read more
[ad_1] A trader works on the floor of the New York Stock Exchange, May 22, 2023. Brendan McDermid | Reuters Stock futures were flat on Monday morning as Wall Street looked to see if the market rally could find more momentum in the final week of June. Futures tied to the Dow Jones Industrial Average … Read more