[ad_1] Last Updated: June 03, 2023, 02:41 IST New York, United States of America (USA) The tech-rich Nasdaq Composite Index rose 1.1 percent to finish the week on a new 13-month high of 13,240.77. The passage of a debt limit deal through both houses of Congress appears to have eased market fears Wall Street stocks … Read more
[ad_1] Piper Sandler is bullish on Microsoft ‘s AI potential. Analyst Brent Bracelin raised his price target on shares to $400 from $348, saying he was increasing estimates “for an AI All-Star.” The new price target implies 20.7% upside from where the stock closed on Tuesday. He also maintained his overweight rating on the stock, … Read more
[ad_1] NEW YORK: All three major US stock indexes closed the day higher Friday amid optimism that a deal to avert a potentially catastrophic US debt default was close at hand.Democrats and Republicans inched towards a deal Friday, with just days to go before the treasury department warned the United States could run out of … Read more
[ad_1] Last Updated: May 26, 2023, 23:53 IST New York, United States of America (USA) On Thursday US President Joe Biden expressed confidence about the talks, saying there will be no default and that recent talks had been productive.U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared to be closing in on an … Read more
[ad_1] Although data company Snowflake has strong product offerings, ongoing overhangs leave Wolfe Research with less conviction in the company’s future. “When we launched coverage in April 2022. … we were upbeat on SNOW having the best management team in software, best product, and best growth rate (potential ~50% revenue growth in CY24). While we … Read more
[ad_1] Last Updated: May 26, 2023, 00:13 IST New York, United States of America (USA) Nvidia forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv are expecting revenue of $7.15 billion. (Image: Nvidia logo/Reuters) The semiconductor company’s shares have risen more than 160% this year, adding $586 billion in market … Read more
[ad_1] Traders on the floor of the NYSE, May 17, 2023. Source: NYSE Stock futures were little changed on Monday morning as traders monitored the negotiations over the U.S. debt ceiling. Futures for the Dow Jones Industrial Average and S&P 500 futures traded flat, while Nasdaq 100 futures were 0.1% lower. Stocks rose last week … Read more
[ad_1] Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Icahn Enterprises, Carl Icahn’s conglomerate, saw its stock drop again Wednesday after a disclosure showed regulators are seeking information regarding its corporate governance. The shares fell as much as 20% in morning trading, following a near … Read more
[ad_1] Last Updated: May 09, 2023, 02:07 IST The report comes as the financial sector contends with deposit outflow worries on the back of turmoil after the high-profile collapse of Silicon Valley Bank and Signature Bank in March. (Image: Reuters) In recent weeks, shares of midsized banks suffered brutal trading days while investors remained on … Read more
[ad_1] Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures were flat in overnight trading Sunday after the major averages logged gains for April, and the Dow Jones Industrial Average notched its best month since January. Futures tied to the Dow dipped 3 points, while S&P 500 and Nasdaq-100 … Read more