Reported 23 days ago
Loop Capital has increased its price target for Palantir Technologies Inc. (NASDAQ:PLTR) from $130 to $155 while maintaining a 'Buy' rating. The firm's optimism stems from Palantir's leadership in enterprise AI and its impressive Q1 revenue growth, which saw a 55% year-over-year increase. Loop Capital highlights the expanding use cases for AI and Palantir’s significant market opportunities as key factors for its investment outlook.
Source: YAHOO
Reported 23 days ago
Wells Fargo has raised its price target on Intuit Inc. (INTU) from $825 to $880 while maintaining an 'Overweight' rating, anticipating a recovery in the software sector due to reduced economic uncertainties. Intuit reported strong Q3 2025 results, with significant revenue growth in its Global Business Solutions Group and online offerings, bolstered by a successful tax season. The firm predicts continued growth for TurboTax Live and an overall positive outlook for the fiscal year.
Source: YAHOO
Reported 23 days ago
The Senate parliamentarian has ruled that Republicans cannot use President Trump's tax bill to eliminate funding for the Consumer Financial Protection Bureau (CFPB) or to reduce Federal Reserve employee salaries. This decision comes as the GOP prepares to move forward with their $3 trillion tax and spending cut initiative. Democrats, led by Senator Elizabeth Warren, argue that these proposed cuts would harm consumers and destabilize the financial system.
Source: YAHOO
Reported 23 days ago
Morgan Stanley has upgraded Henderson Land (HLDCY) from Equal Weight to Overweight, setting a price target of HK$31, increased from HK$26.50. The firm cites a potential bottoming in Hong Kong property prices, which have dropped 30% over the last five years, suggesting favorable conditions for investors in the future.
Source: YAHOO
Reported 23 days ago
Morgan Stanley has downgraded Sino Land from Overweight to Equal Weight, setting a new price target of HK$8.60, down from HK$9. This adjustment reflects the company's updated ratings within the Hong Kong property market, which has seen a 30% decline in prices since its peak five years ago. Analyst Praveen Choudhary suggests that several indicators hint at a potential market bottom, presenting investors with a possible steady cycle ahead.
Source: YAHOO
Reported 23 days ago
Emma Gilthorpe has resigned from her position as chief executive of Royal Mail after just over a year, following the sale of the delivery company for £3.6bn to Czech billionaire Daniel Křetínský. Appointed in May 2024, Gilthorpe previously held the role of chief operating officer at Heathrow airport and expressed pride in leading Royal Mail during its transformation. Alistair Cochrane, the company's current chief operating officer, will take over on an interim basis. This leadership change comes amid ongoing challenges for Royal Mail, including service quality issues and recent price hikes.
Source: YAHOO
Reported 23 days ago
US President Donald Trump indicated a willingness to delay military action against Iran, opting to give diplomacy a chance instead of responding to recent tensions. With ongoing negotiations and heightened military activity between Israel and Iran, the president stated he will make a decision about potential action within the next two weeks. Trump's comments come amid an escalating conflict, with Israel conducting strikes on Iranian facilities while Iran's leadership emphasizes the need for unconditional cessation of aggression.
Source: YAHOO
Reported 23 days ago
Diageo-controlled United Spirits is set to acquire a majority controlling stake in India's Nao Spirits for approximately Rs1.3bn ($15.2m), initially owning 97.07% after the first tranche. This investment follows earlier stakes purchased over the past three years in Nao Spirits, known for its craft gin brands like Hapusa and Greater Than. United Spirits' CEO declared the acquisition a key move for future growth in the craft spirits market.
Source: YAHOO
Reported 23 days ago
Russian authorities have once again rejected Anadolu Efes' proposal to buy out Anheuser-Busch InBev's stake in their joint venture. Anadolu Efes confirmed it is reviewing further steps after the rejection, which follows AB InBev's plan to divest its interest since the Ukraine conflict began. The venture includes operations in Russia and Ukraine but has been affected by changes in management and the local political climate.
Source: YAHOO
Reported 23 days ago
Finding a successor for Bob Iger as Disney's CEO presents significant challenges due to the company's complexity and the media industry's rapid changes. Kevin Mayer, a former deputy to Iger, emphasizes that the next CEO must excel in managing creativity and possess strong strategic business acumen to handle Disney's diverse assets. The internal candidates include Dana Walden, Alan Bergman, Josh D'Amaro, and Jimmy Pitaro, with Walden and D'Amaro being frontrunners. Mayer advises the new CEO to closely collaborate with Iger for a successful transition.
Source: YAHOO
Reported 23 days ago
Accenture experienced a second consecutive drop in quarterly new bookings, attributed to decreased U.S. government spending and economic uncertainty, overshadowing its better-than-expected revenue and increased annual forecasts. To counter this trend, the consulting firm announced a strategic reorganization focusing on AI consulting, creating a new unit called reinvention services. Despite the booking decline, Accenture reported strong third-quarter revenue and profit per share, prompting a more optimistic annual revenue growth forecast.
Source: YAHOO
Reported 23 days ago
Kroger (KR) shares surged by 9% after the company raised its full-year sales forecast and maintained its profit outlook despite a competitive landscape dominated by Walmart and Costco. In the first quarter, Kroger exceeded earnings expectations with adjusted EPS of $1.49 and reported a 3.2% increase in same-store sales. Although the grocery giant acknowledges a cautious consumer sentiment affected by macroeconomic uncertainties, it remains committed to strategies for market share growth, including the closure of around 60 stores in the next 18 months following a failed merger with Albertsons.
Source: YAHOO
Reported 23 days ago
Source: INVESTORS
Reported 23 days ago
在最近的一集「Opening Bid」播客中，Candle Media的首席執行官Kevin Mayer與Yahoo Finance的Brian Sozzi探討了迪士尼的未來。他回顧了自己在迪士尼的25年經歷，並對迪士尼是否會繼續出售其電視業務、繼任的可能人選以及傳統電視行業所面臨的困境等問題發表了看法。他還談到，Candle Media如何計劃在媒體變革的背景下發展其品牌，特別是針對孩子的受歡迎節目Cocomelon的未來計劃。
Source: YAHOO
Reported 23 days ago
U.S. equity funds saw their largest outflows in three months, totaling $18.43 billion for the week ending June 18, driven by escalating tensions between Israel and Iran and investor concerns regarding economic risks from high tariffs. Notably, large-cap funds faced the highest withdrawals at $19.38 billion, while sectoral funds drew in $855 million in net inflows. Bond fund inflows also hit a seven-week low, with mortgage funds witnessing a notable increase in demand.
Source: YAHOO
Reported 23 days ago
US investors are hesitating to shift into defensive stocks amidst rising geopolitical tensions, particularly concerning the Israel-Iran conflict. Despite typical market behaviors during such unrest, there has only been a modest movement into defensive sectors like utilities and healthcare, as many hedge funds maintain a cautious approach rather than panicking. With current market conditions, experts suggest a more strategic allocation towards defensive stocks, especially utilities, while others remain skeptical about the need for such shifts.
Source: YAHOO
Reported 23 days ago
In a comparative analysis of Nvidia and Broadcom as leading players in the artificial intelligence (AI) semiconductor market, it was found that while Broadcom's stock has outperformed Nvidia in the past year, Nvidia is experiencing faster growth and has a larger share of the data center GPU market. Both companies are poised for success, but Nvidia's continued dominance and potential for future growth position it as the better investment option for AI-focused stocks.
Source: YAHOO
Reported 23 days ago
Source: YAHOO
Reported 23 days ago
Source: YAHOO
Reported 23 days ago
The Federal Reserve is closely monitoring the potential impact of AI on the job market, amid concerns that technology could lead to significant workforce reductions. Amazon CEO Andy Jassy has called generative AI a 'once-in-a-lifetime' technology that could increase efficiency but reduce employment. Fed Chair Jerome Powell noted that while the current labor market remains strong, the interplay between AI augmenting or replacing human labor is uncertain. As major corporations prioritize productivity, the job market is facing challenges, particularly for recent graduates seeking entry-level positions.
Source: YAHOO
Reported 23 days ago
Michael O'Rourke, chief market strategist at JonesTrading, advises investors to steer clear of S&P 500 stocks, especially mega cap companies, due to their high valuations. He suggests focusing on small and midcap stocks, treasury bonds, and potential sector corrections stemming from tariff changes for better investment opportunities.
Source: YAHOO
Reported 23 days ago
Businesses are facing confusion over President Trump's mixed messages regarding immigration raids that impact their workforce. While some statements suggest protection for certain industries, others imply aggressive targeting of undocumented workers. This uncertainty is causing concern among companies, especially in sectors heavily reliant on immigrant labor, like agriculture and construction, while Trump finds himself balancing the demands of different voter bases.
Source: YAHOO