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You are here: Home / Archives for US Top News and Analysis

Citi raises Meta price target to highest on Wall Street, cites strong Reels ads

June 27, 2023 by US Top News and Analysis

The bank raised its price target on Meta to $360 per share, the highest on Wall Street, from $315.

Filed Under: Uncategorized

Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demand

June 27, 2023 by US Top News and Analysis

CEO Rosalind Brewer said Walgreens will increase its cost-cutting program to $4.1 billion and take action to increase profitability in the health-care segment.

Filed Under: Uncategorized

Goldman sees big gains in this food stock even as industry growth becomes scarce

June 27, 2023 by US Top News and Analysis

Kellogg will shine in an increasingly tough environment for the food industry, according to Goldman Sachs.

Filed Under: Uncategorized

A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024

June 27, 2023 by US Top News and Analysis

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.

Filed Under: Uncategorized

Hundreds of flights canceled as severe weather slams the East Coast, while Texas faces possibly record-breaking heat

June 27, 2023 by US Top News and Analysis

More than 715 flights in, to and out of the United States were canceled as of early Tuesday.

Filed Under: Uncategorized

Bernstein downgrades Alibaba on concerns of ‘perpetual low growth’

June 27, 2023 by US Top News and Analysis

Bernstein says Alibaba’s low growth rate will weigh on the stock.

Filed Under: Uncategorized

Bernstein downgrades Google-parent Alphabet, says increased competition will cap gains

June 27, 2023 by US Top News and Analysis

The firm downgraded the tech giant to market perform from outperform.

Filed Under: Uncategorized

Lagarde says inflation still too high in euro area, cannot declare victory yet

June 27, 2023 by US Top News and Analysis

European Central Bank President Christine Lagarde said Tuesday that inflation is still too high and it’s still too early to declare victory over consumer price rises.

Filed Under: Uncategorized

China’s Baidu claims its Ernie Bot beats ChatGPT on key tests as A.I. race heats up

June 27, 2023 by US Top News and Analysis

Baidu said the artificial intelligence model called Ernie 3.5 outperformed OpenAI’s ChatGPT and GPT 4 in several key areas.

Filed Under: Uncategorized

Audi ex-boss becomes first top manager sentenced for fraud in 2015 diesel scandal

June 27, 2023 by US Top News and Analysis

The ex-boss was fined 1.1 million euros ($1.20 million), which will go to the state treasury and non-governmental organisations, the court said.

Filed Under: Uncategorized

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