Tag: business news
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Inflation had its biggest monthly decline in six years. What Wall Street is saying now
June’s inflation report was not what many on the Street expected, in a good way.
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This trucking stock has doubled in 2026. BMO says it has more room to run
RXO’s shares are likely to advance as the company notches strong earnings amid a tightening trucking market, per BMO Capital Markets.
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HSBC loses conviction in leading drugmaker, forecasts ‘tough path’ ahead
The bank’s analysts wrote in a note on Monday that they have downgraded the stock to ‘hold’, as the team “no longer finds the risk-reward balance attractive.”
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SpaceX shares are struggling. Evercore ISI still says it’s ‘too compelling to ignore’
SpaceX has a number of projects in its pipeline that have fueled the Street’s confidence in its stock, making it a buy, per Evercore ISI.
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IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
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Apple just hit an all-time high. KeyBanc says investors should sell the tech giant
Apple is likely to contend with slowing sales and weakening services revenue as it increases the prices of its smart devices, including iPhones, per KeyBanc.
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Retail-trader ‘bottleneck bros’ eyeing AI supply chain can’t wait for SK Hynix options
For many of those retail tech traders, SK Hynix’s memory business reminds them of Micron – the paragon of the supply-chain bottleneck thesis.
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Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
For shipping giant Hapag-Lloyd, it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
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Business declares war on Pentagon stock buyback, dividend restrictions moving in Senate
The provision was pushed by Sen. Elizabeth Warren, D-Mass., and was included in the National Defense Authorization Act on a bipartisan basis.
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A French underwear brand is taking on fast fashion — with an IPO
Le Slip Français will make its stock market debut in Paris on Tuesday, betting that consumers will pay for locally made clothing amid competition from Shein.
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