The bank raised its price target on Meta to $360 per share, the highest on Wall Street, from $315.
Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demand
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.
Goldman sees big gains in this food stock even as industry growth becomes scarce
Kellogg will shine in an increasingly tough environment for the food industry, according to Goldman Sachs.
A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024
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.
Hundreds of flights canceled as severe weather slams the East Coast, while Texas faces possibly record-breaking heat
More than 715 flights in, to and out of the United States were canceled as of early Tuesday.
Bernstein downgrades Alibaba on concerns of ‘perpetual low growth’
Bernstein says Alibaba’s low growth rate will weigh on the stock.
Bernstein downgrades Google-parent Alphabet, says increased competition will cap gains
The firm downgraded the tech giant to market perform from outperform.
Lagarde says inflation still too high in euro area, cannot declare victory yet
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.
China’s Baidu claims its Ernie Bot beats ChatGPT on key tests as A.I. race heats up
Baidu said the artificial intelligence model called Ernie 3.5 outperformed OpenAI’s ChatGPT and GPT 4 in several key areas.
Audi ex-boss becomes first top manager sentenced for fraud in 2015 diesel scandal
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.
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