Analysts watch closely as Chinese EVs battle for market share in Europe
As new EV competitors push into Europe’s mass market segment, how much market share will they be able to take?…
Elon Musk is accused of insider trading by investors in Dogecoin lawsuit
(Reuters) – Elon Musk is being accused of insider trading in a proposed class action by investors accusing the Tesla…
Take Five: Almost half-time
(Reuters) – The hefty weight of tech megacaps, strange reporting rules for an upcoming OPEC meeting and more pain for…
KKR India moves Kumar to Singapore to lead Southeast Asia PE -sources
(Reuters) – KKR & Co (NYSE:KKR) is moving a managing director from India to Singapore to lead the firm’s Southeast…
Futures inch higher as debt ceiling bill passes House
(Reuters) – U.S. stock index futures edged higher on Thursday after the House of Representatives passed a bill to suspend…
Macy’s cuts annual forecasts as customers curb spending, shares fall
(Reuters) – Macy’s Inc on Thursday cut full-year sales and profit forecasts, hurt by a slowdown in demand for high-end…
Dollar General tumbles 8% on earnings miss, outlook cut
Dollar General (NYSE:DG) shares fell 8% in premarket Thursday after the company’s Q1 results trailed analyst expectations. The company posted…
JPMorgan downgrades Target as U.S. consumer is ‘broadly weakening’
JPMorgan analysts downgraded Target (NYSE:TGT) shares to Neutral after previously placing the stock on Negative Catalyst Watch. Since then, the…
Analysts defend Salesforce as soft guidance prompts shares to fall
Salesforce (NYSE:CRM) reported better-than-expected first-quarter results and revenue guidance for the current quarter that topped expectations. Still, shares trade 5.5%…
Remy Cointreau keeps outlook as annual profit beat forecasts
(Reuters) -French spirits group Remy Cointreau reported a higher-than-expected rise in operating profit for its 2022/23 fiscal year and stuck…