Tag: business news
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This could infrastructure stock has been hit hard of late. UBS says to buy it
The investment bank initiated coverage with a buy rating.
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Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%
As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.
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Microsoft will get a boost from Azure and Copilot, Stifel says
The investment firm upgraded the tech giant to buy from hold.
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AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
Tekever is one of a number of European defense tech startups raising sizable rounds amid a rearmament campaign from countries in the region.
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Fed’s Collins warns inflation could be ‘notably’ higher after backing rate hike
There is “an increased likelihood” of inflation staying “notably” above the Federal Reserve’s 2% target, Boston Federal Reserve President Susan Collins said.
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Morgan Stanley thinks investors should diversify into these markets
Look to Japan and European markets for investment opportunities, including the banking and defense sectors, Morgan Stanley said.
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South Korean solar stocks jump as curbs on Chinese sector expected to remain in place
South Korean solar stocks jumped as U.S. restrictions on Chinese solar products came into focus ahead of the Trump-Xi summit.
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CFTC says prediction markets’ ‘mentions’ contracts present a higher risk of manipulation
The announcement comes after reports in August that the agency was conducting an internal review into the event contract type.
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Royal Caribbean nears $3 billion deal to take 50% equity stake in Sandals
Royal Caribbean has been trying to diversify beyond cruises and become a leader overall in vacations.
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Lennar shares pop as Berkshire builds almost a 10% stake in beleaguered homebuilder
The conglomerate built by Warren Buffett and led today by Greg Abel holds a sizable stake in Miami-based homebuilder Lennar.
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