By Joseph White DETROIT (Reuters) -Ford said on Thursday it will begin shipping to North American dealers 144,000 of its redesigned F-150 and Ranger pickup trucks that it built but held back until now in an effort to head off quality problems. Ford said it also will restart shipments this month of F-150 Lightning electric … Read more
WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved the construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load … Read more
4 REITs With Recent Analyst Downgrades It’s always interesting to see the timing of analyst downgrades. The best downgrades usually come after a lengthy price runup that looks unsustainable, but sometimes an analyst will downgrade a stock after a sizeable pullback in price. When that happens, some investors see it as a contrarian indicator, speculating … Read more
The production company behind Top Gun: Maverick might fly to the top of Paramount’s mountain of content. Skydance Media, the production studio owned by Larry Ellison’s son David, is in advanced negotiations to take a significant stake in Paramount Global. The exact nature of the deal has not yet been defined, including whether or not … Read more
Apple (AAPL) stock could be due for a rerating when the consumer electronics giant comes out with its rumored AI-enabled iPhone this fall, a Wall Street analyst says. X Hedge fund investors are starting to warm to Apple stock, despite the company’s deteriorating fundamentals near term, JPMorgan analyst Samik Chatterjee said in a client note … Read more
(Bloomberg) — Globe Life Inc. dropped by a record on Thursday, closing at the lowest level in eight years after a short-seller report that the company refuted. Most Read from Bloomberg Shares dropped 53% during regular hours trading in a frenzied sell-off that triggered multiple volatility halts through the day. The rout followed a critical … Read more
Tom Lee was formerly JPMorgan’s chief equity strategist.Brendan McDermid/Reuters Investors should take advantage of the inflation-induced market sell-off and buy stocks, according to Fundstrat. Fundstrat’s Tom Lee said there was real progress made in the March CPI report, suggesting that disinflation will continue. Lee also sees a strong possibility of a Fed interest rate cut … Read more
Dow Jones futures tilted higher after hours, along with S&P 500 futures and Nasdaq futures. JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) report early Friday. X The stock market rallied generally as investors shrugged off a mixed March PPI inflation report following Wednesday’s hot CPI inflation reading. The Nasdaq powered to a record … Read more
Here’s How Much $1,000 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct Ark Invest, led by CEO Cathie Wood, has quickly grown into one of the largest asset managers in the world since launching in 2014. The firm emphasizes investing in technology, offering a variety of exchange-traded funds (ETFs) centered around … Read more
Costco’s decision to sell precious metals has brought it golden buzz. A Wells Fargo report stated that the bank’s analysts believe that the warehouse retail giant is selling between $100 million to $200 million in gold per month. Wells Fargo suggested that the precious metal offering was a way to add value to the company’s … Read more