Nike’s stock price could double, claims UBS
UBS believes Nike’s (NYSE:NKE) stock price “could double” if the company performs according to its long-term sales and margin targets.…
GM wrestles with costs, struggles with EVs as Q2 profits fall
(Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted…
London court revives $3.5 billion mass forex lawsuit against banks
(Reuters) – A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan (NYSE:JPM) and Citigroup (NYSE:C)…
S&P 500 and Nasdaq eye higher open ahead of Big Tech earnings
(Reuters) – The S&P 500 and the Nasdaq were set for a slightly higher open on Tuesday after multiple companies…
Analysis- Sensing end of Fed hikes, some investors return to dividend stocks
(Reuters) – Some investors are giving the shares of dividend-rich companies a second look as expectations grow that the Federal…
RV industry steers through post-pandemic US slump
(Reuters) – The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s…
GM puts profit ahead of growth, veering away from Tesla
(Reuters) – General Motors (NYSE:GM) lifted its full-year profit guidance on Tuesday, in large part because it plans to invest…
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning…
Australia’s Wesfarmers to merge discount stores Kmart and Target
(Reuters) – Australian retail conglomerate Wesfarmers (ASX:WES) said on Tuesday it will merge the business units of its budget department…
Chinese property stocks rally on stimulus promises
Chinese property stocks rebounded sharply from recent losses on Tuesday, aided chiefly by promises of more economic support for the…