Apple Inc. doesn’t have to get flashy to cook up big new business opportunities, according to Evercore ISI analyst Amit Daryanani.
The Ratings Game: Chip stocks ‘have gotten ahead of themselves,’ Citi says — but this ‘top pick’ can thrive
Chip stocks have enjoyed a recent run-up amid the frenzy over AI, but a Citi analyst warns that semiconductor names seem “due for a pullback.”
Metals Stocks: Gold kicks off week with loss as dollar, Treasury yields rise
Gold futures lost ground Monday, as the U.S. dollar and Treasury yields rose to kick off the week.
The Ratings Game: Target’s stock downgraded by KeyBanc Capital — but it’s not because of its LGBTQ+ merchandise
The problem is student loan repayments, which are slated to resume later this year.
Banking: U.S. banks may need to raise capital requirements by 20%: WSJ
The Federal Reserve spearheads effort to boost requirements, alongside the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
: Dollar hits fresh record against Turkish lira despite appointment of ‘rational’ finance minister
The dollar hit a fresh record high versus the Turkish lira despite President Erdoğan appointing a finance minister who pledged a “rational” economic policy.
Need to Know: Morgan Stanley sees an earnings wipe out ahead for Wall Street’s unloved stock rally
Morgan Stanley strategist Mike Wilson still expects “a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced in,” by stock markets.
: Tesla recalls some Model Y EVs, stock jumps toward 7-day win streak
Tesla has issued a voluntary safety recall of certain Model Y electric vehicles, due to a risk of loss of steering control.
Bond Report: Treasury yields higher as investors assess interest rate outlook
Appetite for risk across markets reduced demand for sovereign debt, while investors continued assessing what could be next for the Fed’s interest-rate decision
Kelley Blue Book: Kia jumps into electric car price wars by bringing back the EV6 Light
The South Korean automaker has cut the starting price on its gorgeous 2023 EV6 SUV by bringing back an entry-level trim.
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