Carvana drops as JPMorgan cuts, says stock disconnected from fundamentals after 720% YTD rally
JPMorgan analysts downgraded Carvana (NYSE:CVNA) to Underweight from Neutral with a price target of $10 per share. The price target…
Dow futures rise ahead of PPI data; PepsiCo lifts FY forecast
U.S. stock futures rose Thursday, extending the previous session’s gains after cooler-than-expected inflation data raised expectations of an early end…
PepsiCo lifts annual forecasts again on price hikes, steady demand
(Reuters) – PepsiCo Inc on Thursday raised its annual revenue and profit forecasts for the second time, banking on resilient…
US FTC chair to face questions on court losses in congressional hearing
(Reuters) – Lina Khan, the progressive head of the U.S. Federal Trade Commission, goes before a Republican-led House committee on…
Tesla in talks with India to set up factory with up to 500,000 annual capacity – report
(Reuters) – Tesla has begun discussions with the Indian government for an investment proposal to set up a car factory…
Oil benchmark Brent hovers above $80 after pricing in US data
(Reuters) – Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates…
Russia’s Lavrov: I have not heard new proposals on Black Sea grain deal
(Reuters) – Russian Foreign Minister Sergei Lavrov said on Thursday that he had not heard of any new proposals on…
Dollar slides after inflation surprise spooks bulls
(Reuters) – A sliding dollar came under more pressure on Thursday, as traders took surprisingly slow U.S. inflation as a…
Dollar continues to weaken after soft CPI; sterling gains despite GDP drop
The U.S. dollar drifted lower in early European hours Thursday, continuing to fall after softer-than-expected U.S. inflation raised expectations of…
5 big analyst picks: Morgan Stanley raised to Buy, Holley jumps on two upgrades
Morgan Stanley raised to Buy Odeon Capital upgraded Morgan Stanley (NYSE:MS) to Buy from Hold with a price target of…