Check out the companies making headlines before the bell. American Airlines – Shares gained more than 4% after TD Cowen upgraded the airline to a buy from a hold rating and lifted its price target to a Wall Street high. The new target implies roughly 47% upside from Friday’s close. FuboTV – The streaming provider […]
EMBARGOED TO 1AM SG MON JAN 6 / 9AM PST SUN JAN 5 2025 Beijing-based robot vacuum maker Roborock revealed a new model in January 2025 with an artificial intelligence-powered folding arm for removing obstacles. CNBC | Evelyn Cheng BEIJING — Chinese robot vacuum cleaner company Roborock revealed a new model on Monday that comes […]
Analysts are pointing to Hong Kong-traded Air China as the leading turnaround candidate among struggling Chinese airlines. China has been far slower than the U.S. to recover from the shock of the 2020-2023 pandemic as the world’s second-largest economy faces its own unique challenges. But among several analysts, ranging from DBS to Citigroup, Beijing-based Air […]
D3sign | Moment | Getty Images Stocks soared in 2024. Congratulations! After taking a victory lap, it may be time to adjust your portfolio — because those heady returns likely threw your investment allocations out of whack. The S&P 500, a stock index of the largest public U.S. companies by market capitalization, gained 23% in […]
Check out the companies making headlines in midday trading. Rivian Automotive – Shares popped 19% after the electric vehicle maker’s vehicle production and deliveries for 2024 met the company’s previously announced guidance. This comes after the company had lowered its production target for the full year in October. U.S. Steel – Shares fell 6% following […]
Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares slid nearly 8% after President Joe Biden blocked Japanese company Nippon Steel’s $14.9 billion takeover of U.S. Steel, saying : “U.S. Steel will remain a proud American company.” Biden said the domestic steel industry is a national security priority. Block — Shares […]
Ken Griffin, Founder and C.E.O. of Citadel speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical […]
Warren Buffett’s Berkshire Hathaway outperformed the S & P 500 in 2024 and pulled off its best year since 2021. Class A shares of the Omaha-based conglomerate rallied 25.5% last year, beating the S & P 500’s 23.3% return. Berkshire shares topped $700,000 during the year and posted their ninth positive year in a row. […]
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion […]
Traders work at the New York Stock Exchange on Dec. 31, 2024. NYSE Crypto trades jumping. Roaring Kitty boosting meme stocks. Broader market ripping on no apparent catalysts. Animal spirits are on the run at the dawn of 2025 trading. Many speculative pockets of the stock market surged in early trading Thursday, the first session […]