Discovery Inc.
Warner Bros Discovery, a global media company, is exploring a strategic move to separate its digital streaming and movie studio businesses from its TV networks, citing a Financial Times report. This potential break-up plan aims to lift the company's share price, with Bank of American Global Research analysts
Stocks
The initial sessions of 2024 have seen a decline in U.S. indices, driven by increased pressure on technology stocks. The rise in U.S. Treasury bond yields, particularly the 4% yield on 10-year bonds, has contributed to this downturn. Investors are awaiting the release of the Federal Reserve'
Stocks
Stock market indexes closed near session lows on Wednesday after the Federal Reserve released minutes from its December meeting, revealing tension among officials about future rate hikes. The S&P 500 fell 0.8%, the Nasdaq composite lost 1.2%, and the Dow Jones Industrial Average was down 0.
Stocks
The Dow Jones Industrial Average held onto a modest gain on Friday despite a disappointing report from Nike, a component of the index. Despite the decline in Nike stock, several other Dow Jones stocks showed gains, including Amgen, Walmart, Merck, and Intel. The mixed performance came as investors weighed the
Stocks
The stock market rally faced a test this week, but major indexes held steady, buoyed by strong earnings and economic data. Micron Technology's surprise beat sent the chip sector soaring, while FedEx and Nike fell on weak earnings guidance. Adobe canceled its $20 billion Figma deal due to
Stocks
The stock market experienced a broad advance as the Federal Reserve signaled a possible three rate cuts in 2024, leading to a record high for the Dow Jones and new highs for the S&P 500, Nasdaq composite, S&P MidCap 400, and small-cap Russell 2023 indexes. Treasury
Stocks
The Dow Jones Industrial Average closed with a modest gain on Friday, extending its weekly win streak to seven. Boeing and Intel were strong gainers, while Verizon, Johnson & Johnson, and Coca-Cola showed losses of around 1%. Notably, Boeing's stock surged nearly 3% after UBS maintained a buy
Stocks
Global markets experienced a mixed day yesterday, with the Dow Jones Industrial Average closing up 185 points, or 0.5%, and the S&P 500 gaining 0.4%. The Nasdaq Composite added 66 points, or 0.5%, despite the impending Thanksgiving Day holiday. In the tech sector, Amazon.com&
Stocks
Eli Lilly stock is rallying after the Food and Drug Administration approved the company's new weight-loss drug, Zepbound. This follows a 20% discount to Wegovy, Novo Nordisk's weight-loss drug, which could drive better insurance coverage and patient uptake. Analysts expect Mounjaro sales to skyrocket 841% this
Stocks
The US stock market experienced a broadly down trading session, with a firm labor market evidenced by lower-than-expected jobless claims data. Investors are bracing for the critical employment report on Friday, which could significantly impact stock prices. Despite multiple factors contributing to the decline, a few stocks managed to defy
Stocks
Ken Newman, a key analyst at KeyBanc Capital Markets, has initiated coverage of five industrial automation stocks, with Symbotic and Emerson Electric emerging as top picks. Newman sees these companies benefiting from the growing trend of reshoring manufacturing, driven by government stimulus, tight labor markets, and technological innovations. Symbotic'
Stocks
A stock market rally attempt has begun, driven by Treasury yields backing off long-term highs and improving economic indicators. The Nasdaq and Russell 2000 reversed higher for modest weekly gains, while the S&P 500 and Dow Jones were still down. Investors are looking for a follow-through day to
