Brown Forman, Campbell Soup, GameStop reports: 3 things to watch
Investing.com -- Stocks struggled for direction on Tuesday as investors weighed the chances for another Federal Reserve interest rate hike next week. Futures traders are putting the...
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Stellantis and LG consider Ottawa's enriched subsidy offer as factory construction remains halted
Stellantis (STLA) and LG Energy Solution are reviewing an enhanced subsidy deal from Ottawa designed to save an electric vehicle battery factory worth 2,500 Canadian jobs. Construction on...
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US Bank Regulators Tell Lenders to Watch Risks From Vendors
(Bloomberg) -- The top US banking regulators on Tuesday released new guidance for how banks should manage risks from firms they work with in a bid to reduce dangers to the financial...
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EPA to scrap proposed EV volumes from biofuel blending rule
Reuters reports today, citing three unnamed sources familiar with the matter, that the Biden administration is planning to discard a proposal to include the electric vehicle industry into...
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Molson Coors the 'clear beneficiary' following Bud Light saga
Jefferies analysts raised the firm's price target on Constellation Brands (NYSE:STZ) to $293 from $285 and Molson Coors Brewing (NYSE:TAP) to $75 from $74 n a note to clients on Tuesday,...
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S&P 500 struggles for direction as regional banks rebound, but health care weighs
Investing.com -- The S&P 500 struggled for direction Tuesday as a slip in health care stocks kept gains in checks following renewed investor appetite for regional banking stocks. The...
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Ford names Whirlpool's Liz Door as new supply chain chief
Ford Motor (NYSE:F) on Tuesday announced the appointment of Liz Door from Whirlpool Corp (NYSE:WHR) as its new chief supply chain officer, effective June 12. This decision comes as Ford...
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BofA says clients net sellers of U.S. equities for first time in 3 weeks
BofA analysts said in their note on client equity flow trends on Tuesday that last week saw the biggest retail outflows in 13 weeks. Last week, BofA clients were net sellers of U.S. equities...
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Tesla Model 3 now more affordable than Toyota Camry in California
President Joe Biden's administration confirmed Tuesday that after a rapid adjustment of its battery supply chain, the Tesla (NASDAQ:TSLA) Model 3 now qualifies for the full $7,500 tax...
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Midday movers: Coinbase, Unity Software, GitLab and more
Investing.com -- Stocks are mixed on Tuesday on uncertainty about the direction of interest rates. Here are the market movers for June 6. Coinbase Global Inc (NASDAQ:COIN) shares fell...
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Adobe Systems 'sets up for another quarter of consistent execution' - Barclays
Adobe Systems (NASDAQ:ADBE) sets up positively into the second quarter, according to Barclays analysts, who raised the firm's price target on the stock to $485 from $385, maintaining an...
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A Retail Exodus from US Stocks Points to Gains Ahead, Bank of America Says
(Bloomberg) -- A major exit from US stocks by individual clients at Bank of America Corp (NYSE:BAC). could be a bullish contrarian cue for the market. Private clients at the firm sold...
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Investment from Dutch industries will be encouraged: Siddaramiah
Bengaluru, June 6 (IANS) The Consul General of the Netherlands in Bengaluru Ewout de Wit on Tuesday called on Chief Minister Siddaramaiah and held discussions.Noting that Karnataka has an...
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Adani Group delivers record-breaking performance across portfolios; EBITDA grows at 36% to Rs 57,219 cr
New Delhi, June 6 (IANS) Adani Group, Indias largest critical infrastructure developer, has released the Adani portfolio results snapshot compendium for FY23.The group, which has interests...
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Hyderabad Pharma City will be world's largest pharma cluster: KTR
Hyderabad, June 6 (IANS) Telangana has undertaken massive infrastructure development projects to compete globally and attract investments, state Industries and Commerce Minister K.T. Rama...
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AMC Networks downgraded at Morgan Stanley as cord-cutting trends worsen
AMC Networks (NASDAQ:AMCX) was cut to Underweight from Equal-Weight at Morgan Stanley on Tuesday, with analysts lowering the firm's price target on the stock to $12 from $19 per share. The...
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Tingo Group shares plunge following Hindenburg short report
Tingo Group (NASDAQ:TIO) shares crashed almost 57% Tuesday after activist short-selling firm Hindenburg Research labeled the company "an exceptionally obvious scam." Hindenburg alleges...
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GMR divests warehouse facility at Hyderabad airport to ILP Core Ventures
Hyderabad, June 6 (IANS) GMR Hyderabad International Airport Ltd (GHIAL), subsidiary of GMR Airports Infrastructure Ltd, on Tuesday announced the divestment of an approximately 8,18,000...
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Fed could continue rate increases this cycle, Clarida says
Investing.com -- The Federal Reserve might have more interest rate increases in its back pocket, according to Pimco's global economic advisor. Richard Clarida, Pimco managing director and...
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Citi continues to favor growth over value
Citi analysts told investors in a research note on Tuesday that the value-to-growth rotation is likely to continue. Low macro risk exposures and reasonable valuations are still conducive to...
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Xponential Fitness sees 'zero turbulence' from current macroeconomic environment
Xponential Fitness, Inc. (NYSE:XPOF), the franchise group of boutique fitness brands, said at Baird's Global Consumer, Technology, and Services conference on Tuesday that it is seeing "zero...
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SEC has the edge over Coinbase in the 'critical' crypto legal fight - analysts
TD Cowen analysts reflected on today’s developments after the U.S. Securities and Exchange Commission (SEC) sued cryptocurrency exchange Coinbase Global (NASDAQ:COIN) for allegedly...
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Ford expands recall for 125K vehicles due to fire risk and engine failure
Ford Motor Company (NYSE:F) revealed Tuesday that the Detroit automaker is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks. The recall specifically targets a...
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Global EV penetration reaches 14% in April with promising uptick in May
Barclays' April report card shows that global electric vehicle penetration reached 14% in April, slightly outpacing last year’s EV penetration of 13%; however, it fell short of the...
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Sequoia Capital's China business to become separate entity
Investing.com -- Sequoia Capital has said it plans to spin off its business in China into a separate entity, as the venture capital giant looks to simplify its operations in an "increasingly...
