Stocks
By Julio-Cesar Chavez and Jonathan Allen HOLLIDAYSBURG, Penn. (Reuters) -The suspect in the killing of UnitedHealth Group (NYSE:) executive Brian Thompson was transferred into the New York Police Department custody on Thursday to face murder charges after he waived his right to extradition proceedings in a Pennsylvania court hearing. Luigi…
Investing.com — Tapestry (NYSE:) stock received an upgrade by Jefferies analysts, from Hold to Buy, based on the company’s potential for sales growth, margin expansion, and a significant share buyback plan. The investment firm also hiked its price target on the stock from $50 to $80. The company’s shares rose…
Investing.com — Palantir Technologies Inc . (NASDAQ:) stock climbed 3% following a new coverage initiation by UBS and news of an extended partnership with the U.S. Army. The rebound comes after a 3.9% decline on Wednesday, which was influenced by the market’s reaction to hawkish comments from the Federal Reserve.…
Investing.com — Christopher Jacobson, options strategist at Susquehanna International Group, weighed in on the approximately 70% surge in the spot Volatility Index () that took place on Wednesday. This represents the largest one-day increase for the measure in the last five years, and the most significant since the “Volmageddon” event…
By Mrinalika Roy and Seher Dareen (Reuters) – Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on . Meta (NASDAQ:) and Alphabet (NASDAQ:)’s Google are among the tech companies…
By Anousha Sakoui, Anirban Sen and Kane Wu LONDON/NEW YORK/HONG KONG (Reuters) – Bankers expect global deal volumes to surpass $4 trillion next year, the highest in four years, buoyed by U.S. President-elect Donald Trump’s promise of less regulation, lower corporate taxes and a broadly pro-business stance. The total value…
By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) – Some unions are born of necessity, others from convenience. In the case of Honda (NYSE:) and Nissan (OTC:)’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise…
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would temper the pace of rate cuts next year, while the yen dipped after the Bank of Japan kept rates steady. The Fed’s hawkish…
By Richard Cowan, Bo Erickson, Andy Sullivan and Katharine Jackson WASHINGTON (Reuters) – The U.S. Congress has two days to avert a partial government shutdown after Republican President-elect Donald Trump rejected a bipartisan deal late on Wednesday and demanded lawmakers also raise the nation’s debt ceiling before he takes office…
By Liam Mo and Brenda Goh BEIJING (Reuters) – Apple (NASDAQ:) is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter. The U.S. firm started the rollout of OpenAI’s ChatGPT into its…
