Morgan Stanley Downgraded to Neutral by UBS Amid Challenging Revenue Conditions
UBS analyst Brennan Hawken has downgraded the stock rating of Morgan Stanley (NYSE:MS) from buy to neutral today, Wednesday. This…
Birkenstock to list shares after raising $1.5 billion in initial public offering
Birkenstock is set to debut on the New York Stock Exchange on Wednesday after the German shoemaker priced its shares…
Insurer Humana’s longtime CEO Broussard to step down next year
(Reuters) – Humana (NYSE:HUM) CEO Bruce Broussard will step down in the second half of 2024 after more than a…
Apple: Wait times for high-end iPhone 15s have compressed recently – UBS
High-end demand for Apple’s (NASDAQ:AAPL) iPhones in the U.S. and China has shown signs of softening, while Europe doesn’t present…
JPMorgan executes first blockchain-based collateral settlement for BlackRock
In a pioneering move, JPMorgan Chase & Co (NYSE:JPM) has utilized its blockchain technology to execute a collateral settlement for…
Hedge funds expected to ramp up returns on higher rates – BNP survey
(Reuters) – Investors expect hedge funds to produce higher returns with the prospect of interest rates staying higher for longer,…
Arvind and Company Shipping Agencies set to launch IPO under Arcadia group
Arvind and Company Shipping Agencies, a commercial barge service provider under the Arcadia group, is set to launch its initial…
Exxon to buy U.S. rival Pioneer Natural in $59.5 billion deal
Exxon Mobil (XOM.N) will buy U.S. rival Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion that…
US solar company Suniva to restart idled factory thanks to Biden climate law
(Reuters) – Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas, will restart its…
Ford, Hyundai turn to Italian casting machine maker IDRA
(Reuters) – Idra, an Italian aluminium casting machine maker and Tesla (NASDAQ:TSLA) supplier, has added Ford (NYSE:F), Hyundai (OTC:HYMTF) and…