Tag: business news
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Steer clear of these stocks tied to a faltering footwear market, Truist says
The bank downgraded both names to hold from buy.
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Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
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This solar stock is about to get a big boost from a change in U.S. policy, UBS says
The investment bank upgraded the solar technology name to buy from neutral.
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Haidilao shares jump as delivery growth and new restaurant brands boost outlook
Haidilao shares rose after results showed strong growth in delivery and newer restaurant formats, even as revenue from its core hotpot restaurants declined.
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‘Too much too quickly’: Indonesia’s growth ambitions questioned by economists
Indonesia has set an ambitious growth target, but economists aren’t sure it can get there while keeping the deficit in check.
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Fidelity says this phenomenon is ‘reshaping markets’ and recommends stocks to fight it off
Structural inflation, fueled by government deficits, AI investments, low unemployment, trade barriers and energy disruptions, is reshaping markets.
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HP partners with U.S.-blacklisted Huawei for licensing the Chinese company’s WiFi tech
It’s a sign of adoption of Huawei technology outside China, despite the U.S. restricting the company from working with American suppliers such as Google.
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Oil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran
Oil fell Wednesday, as investors continue to assess the U.S. pivot toward economic sanctions rather than military strikes to add pressure on Iran.
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Amazon service Bezos once called ‘artificial artificial intelligence’ is shutting down
Mechanical Turk launched in 2005 as a way to farm out tasks that are easy for humans to complete but too challenging for computers.
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Dick’s Sporting Goods just had its worst day ever. Here’s Jim Cramer’s advice on the stock now
CNBC’s Jim Cramer said investors shouldn’t give up on Dick’s after its record 30% plunge.
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