The self-driving truck company Embark announced it would lay off 70% of its employees and start evaluating options, including winding down the business.
Dick’s Sporting Goods smashes same-store sales expectations for holiday quarter
Dick’s Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst’s estimates of 2.1%.
Deutsche Bank downgrades Joby, says risks to electric aircraft stock are being overlooked
Analyst Edison Yu downgraded the stock to sell from hold. Yu also cut $2 off his price target to make it $4. His new target implies the stock could slide 11.1%.
Credit Suisse says this biotech stock can surge 100%, citing an opportunity in obesity-related hypertension
Analyst Richard Law initiated coverage of the health-care stock with an outperform rating.
BlackRock says European companies are showing ‘surprise resilience’ — and better value than the U.S.
European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S. looks set to continue, according to BlackRock.
Goldman Sachs says buy Juniper Networks, sees nearly 25% upside for the stock
Analyst Michael Ng initiated coverage of Juniper Networks with a buy rating.
Best Buy will set up in-home hospital care through a new deal with Atrium Health
The retailer is expanding its health-care business as sales of other consumer electronics slow.
Commercial real estate has a ‘shock coming’ as return-to-office plans fall short, CEO says
Offices in the future could work in a similar way to gas stations, Mark Dixon, CEO of flexible office company IWG, told CNBC.
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will “disappoint” global markets, according to David Roche.
Ukraine war live updates: Ukraine vows to fight on in Bakhmut and inflict steep losses on Russia; China defends ties to Moscow
Ukraine vowed to continue defending Bakhmut and will send reinforcements into the city in Donetsk, despite Russian forces effectively surrounding it.