Nvidia is poised for even bigger gains from current prices, according to Morgan Stanley Wealth Management. In a note published on Thursday, the asset manager wrote that it had increased its position in the dominant maker of graphics processing units, or GPUs, used in artificial intelligence. Morgan Stanley Wealth Management currently has an overweight rating […]
A man stands outside his flooded home after heavy rain in Fort Lauderdale, Florida, on April 13, 2023. Chandan Khanna | AFP | Getty Images The warming planet is already proving expensive. U.S. weather and climate disasters cost more than $617 billion between 2018 and 2022 — a record figure, according to the U.S. Department […]
Chris Ratcliffe | Bloomberg | Getty Images Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. Anglo American shares were up 5%. News of the activist’s position comes as the $43 billion, London-based miner faces takeover interest from BHP, a […]
An Airbus employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on Feb. 29, 2024. Sebastien Salom-gomis | Afp | Getty Images Airbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at U.S. rival Boeing, according […]
Inflation showed few signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. That was above […]
Here are Friday’s biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it’s sticking with its buy rating on Alphabet following earnings Thursday. “The quarter beat expectations across all major business lines, supporting a narrative change: Google is a beneficiary of AI. Search is still not without disruption […]
Here are the most important news items that investors need to start their trading day: 1. It’s the economy Stocks fell Thursday after the latest U.S. economic data raised concerns about stagflation. The blue-chip Dow slid 375 points for the day, while the S&P 500 and the Nasdaq Composite dropped 0.5% and 0.6%, respectively. U.S. gross domestic product […]
Pavlo Gonchar | Lightrocket | Getty Images The Food and Drug Administration on Friday approved Pfizer‘s treatment for a rare genetic bleeding disorder, making it the company’s first-ever gene therapy to win clearance in the U.S. The agency greenlit the drug, which will be marketed as Beqvez, for adults with moderate to severe hemophilia B […]
