The firm moved its rating to underperform from market perform.
Oppenheimer raises S&P 500 target to 4,900
The firm raised its year-end S&P 500 price target to 4,900 — the highest in CNBC’s Market Strategist survey.
Ukraine and Russia struck by drones; West-led peace talks in the pipeline
Ukraine and Russia were struck by drones and the world is now looking to Western-led peace talks set to happen in Saudi Arabia.
Myanmar junta grants partial pardon to democracy champion Aung San Suu Kyi
The Nobel Laureate was only last week moved from prison to house arrest in the capital, Naypyitaw, after being in detention since a military coup in early 2021.
Daimler Truck hits double-digit return on sales in industrial business
Incoming orders were nevertheless down by 12% in the first half of the year, results showed.
Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%
Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
From Washington to Warsaw, a ‘greenlash’ is picking up steam despite extreme heat
Reprisals over climate policies come at a time of extreme heat.
HSBC net profit more than doubles in the first half, announces $2 billion share buyback
Net profit for the first half stood at $18.1 billion, while revenue for the same period came in at $36.9 billion.
Nearly all of Trump’s biggest 2020 donors refrain from giving to rival GOP candidates
A poll released shows Trump with 54% of the support of likely GOP primary voters, Florida Gov. Ron DeSantis at second with 17%. No other candidate eclipsed 3%.
Country Garden shares drop 5% after reporting it scrapped $300 million share sale
Chinese property stocks slid Tuesday, after Country Garden scrapped its $300 million primary share placement.
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