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Hertz's stock is having an awful week, and BofA adds to investors' misery
Morningstar· 2 days agoThe lowlight of the decline was Thursday's 19.3% tumble after the company reported a much wider-than-expected quarterly loss. BofA analyst John Babcock downgraded the stock ...
Alphabet joins the $2 trillion market-cap club - and could vault above Nvidia
Morningstar· 2 days agoAlphabet Inc.'s stock is cruising toward one of the best performances in its history on Friday, following an earnings report that drew effusive praise from analysts. Alphabet shares (GOOG) ( ...
With inflation still high and economic growth slowing sharply we could be heading toward...
Fortune· 2 days agoSpending so long trying to protect against an economic downturn, only to find themselves confronted with the possibility of stagflation, has now thrown investors for a loop. “I’m not worried ...
Nike needs a win, and it's giving Caitlin Clark over $20 million to deliver one
Morningstar· 5 days agoCaitlin Clark is reportedly adding to the $76,535 starting salary she'll make in the WNBA in a big way: with an eight-figure endorsement deal with Nike Inc. Clark's endorsement deal with Nike ...
For Passover this year, Jewish Americans are buying more Israeli wine than usual
Morningstar· 6 days agoWhen Jewish Americans gather starting Monday night to observe Passover, they will be sipping cup after cup of wine as part of the ritual holiday meal known as the Seder. For generations, that ...
Humana stock reverses lower as earnings outlook to remain unclear for months
Morningstar· 4 days agoShares of Humana Inc. reversed lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare ...
Microsoft and Apple are safer bets than the U.S. government? Bond investors seem to think so.
Market Watch· 3 days agohave been dipping below U.S. Treasurys on a spread basis. The Apple bonds coming due in May 2025...
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
Market Watch· 3 days agoFear not, says a team of equity strategists at Bank of America, led by Vivek Arya: a sell-off for...
U.S. economy takes a step backward in April, S&P surveys show, as demand weakens
Morningstar· 5 days agoThe numbers: The U.S. economy lost momentum in April, a pair of S&P surveys found, as businesses reported a decline in new orders and reduced employment for the first time since the pandemic ...
Snap's 2024 plans are showing signs of paying off, and shares soar 25%
Morningstar· 3 days agoShares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more ...