Tag: business news
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Private payrolls grew by 122,000 in May, stronger than expected, ADP reports
Unlike prior months, where job growth was concentrated in healthcare and a few other sectors, gains were more broad-based.
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Buy this airline stock equipped to handle higher fuel costs, says JPMorgan
The bank initiated coverage of the airline with an overweight rating.
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France’s Macron invites Sam Altman to attend G7, OpenAI tells CNBC
French President Emmanuel Macron has looked to win over tech bosses amid hopes to boost AI capability.
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Eli Lilly’s top dealmaker says don’t be surprised to see more M&A that pushes Lilly into new areas
Eli Lilly’s new top dealmaker explains how the company changed its approach to M&A now that it’s the most valuable pharmaceutical company in the world.
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Mortgage rates are easing slightly, but homebuyers are retreating
Mortgage rates fell slightly last week, but neither current homeowners nor potential homebuyers were inspired. Demand for mortgages fell overall.
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Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
Macy’s has been in the midst of a turnaround under CEO Tony Spring, who has worked to close underperforming stores and reinvest in ones worth keeping open.
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KKR, Ares, Blackstone tumble premarket as Partners Group caps private equity fund withdrawals
U.S. private markets firms fell in premarket trading, as concerns over redemption pressure returned to the spotlight.
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This fast food stock is trading at a discount. Morgan Stanley says it’s a buy
The investment bank upgraded the fast food stock to overweight from equal weight.
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Trump says Iran agreed to not have nuclear weapons, but ‘they can change their mind’
The president was speaking to the New York Post’s “Pod Force One” podcast in a wide-ranging interview.
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SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
The analysts see a wide range of possibilities around xAI and find its “economic moat indeterminate.”
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