Billionaire entrepreneur Mark Cuban has put forth an idea that could potentially shake up the dominance of tech giants in the social media space. Cuban shared his strategy on the social news network Bluesky. What Happened: Cuban’s proposition is straightforward: dedicate 20 minutes each day to encourage friends, family, and businesses to join Bluesky. The platform currently […]
Dow Edges Lower; Exxon Mobil Earnings Top Views
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Friday. The Dow traded down 0.04% to 44,865.23 while the NASDAQ climbed 1.15% to 19,908.53. The S&P 500 also rose, gaining, 0.57% to 6,105.94. Check This Out: Jim Cramer: AutoZone Is A ‘Great’ Stock, Recommends Buying This Energy […]
This Coinbase Global Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Barclays analyst Alex Scott upgraded the rating for Brighthouse Financial, Inc. (NASDAQ:BHF) from Equal-Weight to Overweight and raised the price target from $52 to […]
Jim Cramer Is Worried About This Consumer Cyclical Stock: 7% Yield? ‘Something May Be Wrong Here’
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he is worried about The Wendy’s Company (NASDAQ:WEN). Cramer says it should not have a 7% yield, adding, “That, to me, suggests something may be wrong here. Morgan Stanley analyst John Glass supported his view on Jan. 21, downgrading Wendy’s from Equal-Weight to Underweight and lowering […]
AT&T Nets $850 Million In Sale-Leaseback Deal as Part of Copper Network Exit
AT&T Inc. (NYSE:T) disclosed that it completed a structured sale-leaseback of 74 underutilized central office properties with Reign Capital, generating over $850 million in upfront cash. The deal, covering 13 million square feet, also includes future profit-sharing from redevelopment opportunities. The transaction aligns with AT&T’s strategy to exit most legacy copper network operations by 2029 […]
Johnson & Johnson Q4 Earnings: Cancer Drugs Performance Drives Revenue Beat
On Wednesday, Johnson & Johnson (NYSE:JNJ) reported a fourth-quarter adjusted EPS of $2.04, down 10.9% year over year, beating the consensus of $2.01. The pharmaceutical giant reported sales of $22.52 billion, up 5.3% year over year and beating the consensus of $22.44 billion. Operational growth was 6.7%, and adjusted operational growth was 5.7%. Innovative Medicine sales increased to $14.33 […]
Rivian Stock Is Racing Higher: What’s Going On?
Rivian Automotive Inc (NASDAQ:RIVN) shares are charging higher in Thursday’s after-hours session after the company finalized a loan agreement with the U.S. Department of Energy (DOE). What Happened: After the market close on Thursday, Rivian announced it closed its loan agreement with the DOE Loan Programs Office for up to $6.6 billion in financing to support […]
What’s Going On With Nokia Stock Premarket On Wednesday?
Nokia Corporation (NYSE:NOK) shares are trading higher premarket on Wednesday. The company entered a multi-year patent license deal with Samsung Electronics Co., Ltd. (OTC:SSNLF), granting Samsung access to its video technologies for use in televisions. As part of the deal, Samsung will pay royalties to Nokia. This deal is separate from the company’s existing 5G […]
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Elon Musk Reacts After EV Enthusiasts Take Cybertruck Driving From Florida To Arctic Ocean: ‘Cool’
September 4, 2024
Four Tesla Inc enthusiasts made it to the Arctic Ocean in their Cybertrucks on Tuesday from Florida to much applause from the company and its billionaire CEO Elon Musk. What Happened: Justin Demaree, Rafael Santoni, Nancy, and Gary Mark on Tuesday made it to the Arctic Ocean in two Cybertrucks covering 5500 miles on the […]
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