Here are the biggest calls on Wall Street on Tuesday: Wells Fargo names Citi a top 2025 pick The firm says Citi is a “dominant number one.” “Our dominant number one Overweight-rated large cap bank remains Citigroup.” Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later … Read more
Deutsche Banks said CVS is poised for a comeback after a tough 2024. The bank upgraded the pharmacy stock to buy from hold and reiterated a $66 per share price target. Deutsche Bank’s forecast implies about 12% upside moving forward from Monday’s close. Analyst George Hill said that CVS’ earnings and multiple are likely near … Read more
UKRAINE – 2022/01/07: In this photo illustration a Microsoft Azure logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — Microsoft on Tuesday was accused of unfairly overcharging customers of rival cloud companies in a lawsuit claiming damages of more than £1 … Read more
A pedestrian walks by a logo in front of an AT&T store on June 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images AT&T expects its free cash flow to be more than $18 billion in 2027, the company said on Tuesday as it detailed a three-year vision for the business to expand … Read more
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Consumers are increasingly concerned that their online orders may not arrive in time for the holidays — and rightfully so. More than half of shoppers — … Read more
Sturti | E+ | Getty Images When shopping for a home, many buyers may hope to avoid purchasing a property subject to a homeowners association. But that may be easier said than done. That’s because HOAs are on the rise in the U.S. Therefore it’s important to understand the ins and outs of these organizations … Read more
French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. Barnier, a right-wing former EU Brexit negotiator, was appointed three weeks ago by French President to bring some stability after the political chaos created by a hung parliament that resulted from snap … Read more
China’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world’s second-largest economy. That’s the view of prominent AI scientist Max Tegmark, who told CNBC artificial general intelligence (AGI) is closer than we … Read more
Alex Wong | Getty Images News | Getty Images U.S. President-elect Donald Trump has pledged to block Japanese company Nippon Steel’s planned purchase of U.S. Steel. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a post … Read more
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs on Beijing aimed … Read more