Posted inStock
Street call of the week
Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments.…
Posted inStock
These analysts say Trump’s tariffs could be “economically damaging”
Investing.com — Republican presidential candidate Donald Trump’s tariff proposals have the potential to be economically “damaging” unless they are offset by sufficiently large fiscal measures, according to analysts at BCA Research.…
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5 big analyst AI moves: SMCI rating suspended, ARM stock downgraded
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade…
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VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper
BERLIN (Reuters) – Volkswagen (ETR:VOWG_p)’s planned cost-cutting programme was unavoidable in order to remedy “decades of structural problems” at the German carmaker, CEO Oliver Blume said in an interview published…
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Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway (NYSE:BRKa) extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record…
Posted inEconomy
Australia to slash $10 billion off student debt amid cost of living pressures
SYDNEY (Reuters) -Australian Prime Minister Anthony Albanese said on Sunday that his government planned to cut student loans for around three million Australians by 20%, wiping off around A$16 billion…
Posted inEconomy
Elon Musk loses bid to move case over $1 million voter prizes
By Luc Cohen (Reuters) – A U.S. judge on Friday denied Elon Musk’s bid to move a Pennsylvania lawsuit over his $1 million voter prizes to federal court, moving the…
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China’s BYD boosts production and hiring amid Q3 growth
BEIJING (Reuters) – China’s electric vehicle giant BYD (SZ:002594) ramped up production by nearly 200,000 units from August to October, while hiring close to 200,000 new employees in car manufacturing…
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TGI Friday’s operator files for bankruptcy amid financial woes
By Mrinmay Dey (Reuters) – TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges…
Posted inStock
KKR exploring investment in Thames Water share plan, Sky News reports
(Reuters) -U.S. investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a 3 billion pounds ($3.88 billion) share sale which forms…