‘With few exceptions, the employer has every right to call people back to the office,’ one attorney told MarketWatch.
: Apple’s iPhone sales were weaker than usual this May, analyst says
Spring is rarely an exciting time for iPhone sales, as consumers await the fall launch of new models, but this May’s sales were likely below typical patterns.
Metals Stocks: Gold’s poised to log weekly gain on the back of a weaker U.S. dollar
Gold prices edge up on Friday, leaving the yellow metal on track to score another weekly rise on the back of overall weakness in U.S. dollar softened. Traders also reassess expectations for a Federal Reserve interest-rate hike next week.
: Carvana’s stock rally continues, but analysts aren’t buying in just yet
Carvana’s stock is up for the second straight day after a whopping 56% gain but it falls short of any analyst upgrades
The Ratings Game: Meta’s stock deemed a high-conviction buy at Citi, as strategy remains ‘underappreciated’
Meta Platforms Inc. picked up more praise at Citi Research Friday, with analysts there adding the social-media stock to their list of highest-conviction ideas.
: U.K. says it will withdraw windfall oil and gas tax — if prices drop below these levels
The U.K. government on Friday said it will keep a windfall profit tax on oil and gas companies in place, unless both oil and gas prices fall below their 20-year averages.
Crypto: Binance’s U.S. affiliate suspends dollar deposits, will pause dollar withdrawals following SEC lawsuit
Crypto exchange Binance.US said late Thursday that it is suspending U.S. dollar deposits “to protect” its customers and platform.
The Ratings Game: Target’s stock downgraded at Citi, which cites slowing traffic and ‘tough competitive positioning’
Target faces stiff competition from Walmart, according to Citi.
: Jefferies projects ‘muted’ Q2 for investment banking but sees ‘green shoots’ in M&A
Encouraging trends in fixed-income trading and a potential boost in deal-making advisory revenue may not offset an overall drop in revenue.
: White House signals no pause on Medicare drug price negotiations after Merck lawsuit
Administration officials highlight Inflation Reduction Act prescription-drug savings as negotiation process moves forward.
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