Three of the largest U.S. banks reported their results. Key points are that loan growth remains a wild card, costs are higher, and trading is weak.
4 minStock Picks
Several factors play into the bullish case for GM.
2 minU.S. Stock Movers
Twenty years after the FCC blocked the satellite TV merger not much has changed. The government would still likely to block a deal, even though both companies are now shedding subscribers.
4 minNetflix stock rose after the streaming video service raised prices for subscriptions in the U.S. and Canada.
2 minPiper Sandler analyst Harsh Kumar says Apple's moves into healthcare and autos should set up the company to expand its valuation to $4 trillion and beyond.
2 minThe number of casino licenses handed out by the Macau government will remain at six, much to the relief of investors.
2 minThe winner of Barron’s annual forecasting challenge posted a score of 11 out of a possible 17. The average score: 3.74.
Long readIn a tweet, Tesla CEO Elon Musk says, 'Tesla merch buyable with Dogecoin.'
1 minBausch + Lomb, known for its eye care business, is seeking to raise $100 million with its initial public offering.
2 minWalt Disney, Delta Air Lines, and Marriott International are among the major U.S. companies that suspended their dividends early in the pandemic and still haven’t restored them.
Long readTake-Two stock has been hurt by a shortage of videogame consoles. That’s one reason a deal for mobile-game maker Zynga makes so much sense.
3 minThe agreement gives both companies two ways to benefit, but shares of the trucking company were lower on Friday.
2 minThe two asset classes used to move independently. But after the pandemic began, and central banks flooded markets with liquidity, they began to dance closer together. That’s a problem if you see crypto as a hedge or part of a diversification strategy.
4 minThe company said it has successfully launched 40 satellites into space, adding to the roughly 200 it already operates.
3 minCheniere Energy has reached supply deals with major Chinese companies in the past few months that should boost its revenue for years.
3 minThe company issues fourth-quarter and full-year guidance below Wall Street expectations.
1 minAdobe stock has been underperforming the market, and director Laura Desmond made her first open-market purchase of the software firm’s shares.
2 minStarboard Value charges that chemicals maker Huntsman is disenfranchising investors. Huntsman counters that the hedge fund has been “unconstructive.”
1 minMoney market funds have been undergoing significant changes with every financial crisis. The problem in 2020 might have been caused by new rules implemented after the 2009 crisis. But is the current solution the right one?
Long readRussian stocks have plunged, and the ruble is off more than 8% against the dollar.
3 minFord stock is down a little following a rating cut from RBC.
3 minDeutsche Bank analyst Emmanuel Rosner raised his price targets for both Ford and GM stock, but he still prefers GM as challenges in the automotive sector loom.
2 minReuters reported that Cybertruck production would be pushed back from late 2022 to early 2023, and Tesla stock is falling again.
3 min