Shares of Edison International plummeted Wednesday as its Southern California Edison subsidiary was forced to shut off power to thousands of customers because of the Los Angeles-area wildfires.
US benchmark equity indexes were little changed intraday as markets parsed the latest labor market d
Wall Street analysts rerated Nvidia Corp (NASDAQ:NVDA) after it showcased its Blackwell Geforce RTX 50 series product lineup, AI supercomputer Project Digits, and more at the CES 2025. Rosenblatt analyst Hans Mosesmann maintained Nvidia with a Buy and a $220 price target. CEO Jensen Huang and CFO Colette Kress held court with Wall Street yesterday at CES, as investors were still digesting Jensen’s keynote in Las Vegas. Mosesmann provided his key takeaways from the Financial Analyst Q&A. The AI m
HOUSTON (Reuters) -Analysts on Wednesday lowered their fourth-quarter earnings estimates for Exxon Mobil, the day after the top U.S. oil producer warned that reduced prices and margins could hurt quarterly results. Shares of Exxon declined 1.4% to $107.17 in midday trading. The earnings snapshot from the industry bellwether signaled a tougher quarter for oil producers, which will begin publishing results this month.
Major trading markets and the federal government will take a break Thursday to commemorate the life of former President Jimmy Carter.
Novo Nordisk's U.S.-listed and domestic shares rose Wednesday after analysts from UBS upgraded the Danish drugmaker's stock to "buy" from "neutral," calling the recent sell-off of the stock "overdone."
U.S. equites were slightly lower at midday as the market weighed the latest report on private sector employment and waited for the government's jobs report later this week.
Cal-Maine Foods shares climbed Wednesday after the egg producer reported better-than-expected results on higher egg prices and holiday season demand.
(Bloomberg) -- Plunging UK markets are serving a fresh warning about the British economy and heaping pressure on Keir Starmer’s embattled Labour government.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?While UK bond yields have been creepi
Roth MKM analyst Joe Reagor initiated coverage on Brazil Potash Corp. (AMEX:GRO) with a Buy rating and a price target of $17, citing the company’s undervalued Autazes potash project. According to Reagor, Brazil’s heavy reliance on potash imports underscores the project’s importance, and favorable financing terms could unlock additional valuation upside. The Autazes project could supply 18% of Brazil’s potash demand, producing 2.4 million tons annually. As a major agricultural exporter and potash