November 2024 – Page 34 – Best Day Investing

Target shares slide 20% as retailer expects stagnant holiday quarter sales

By Savyata Mishra (Reuters) -Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart (NYSE:WMT), sending its…

November 20, 2024

Economy

Non-recessionary rate-cutting cycle should support credit, Pinebridge says

By Matt Tracy WASHINGTON (Reuters) – Asset manager PineBridge Investments said in a report that it is seeing the start of a rare non-recessionary interest rate-cutting cycle that should support…

November 20, 2024

Economy

Fed’s Bowman says rate cuts are concerning

By Ann Saphir (Reuters) – Federal Reserve Governor Michelle Bowman on Wednesday expressed discomfort with the U.S. central bank cutting interest rates while inflation continues to run above the Fed’s…

November 20, 2024

Economy

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

(Reuters) – Goldman Sachs CEO David Solomon expects capital markets to be more robust in 2025, he said in an interview with CNBC on Wednesday, joining a wave of positive…

November 20, 2024

Stock

STMicroelectronics delays financial targets, CEO says governments distorting markets

By Nathan Vifflin and Toby Sterling (Reuters) -Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its key…

November 20, 2024

Stock

EVgo nears closure of $1.05 billion DOE loan, JPM notes

investing.com -EVgo Inc (NASDAQ:EVGO). is poised to close its $1.05 billion loan from the U.S. Department of Energy (DOE), JPMorgan analyst wrote after CEO Badar Khan expressed confidence at an…

November 20, 2024

Stock

Delta Air Lines issues long-term growth targets, bets on premium travel

Investing.com – Delta Air Lines Inc (NYSE:DAL) in its investor day on Wednesday projected financial targets, assuring investors around carrier’s post-pandemic recovery and operational efficiency. The company projects a 10%…

November 20, 2024

Stock

Lynx on Nvidia stock: Step aside and look for a better entry point

Investing.com — Lynx Equity Strategies said investors should exercise patience with Nvidia (NASDAQ:NVDA)’s stock, stating they should “step aside and look for a better entry point” in a note Wednesday. The…

November 20, 2024

Stock

Europe’s STOXX 600 flat in volatile trading; real estate weighs

By Ankika Biswas, Joao Manuel Vicente Mauricio and Pranav Kashyap (Reuters) -Europe’s main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical…

November 20, 2024

Economy

UK inflation could undershoot forecasts, requiring faster rate cuts, BoE’s Ramsden says

By David Milliken LONDON (Reuters) -British inflation is at least as likely to undershoot the Bank of England’s latest forecasts as it is to match them, potentially requiring faster rate…

November 20, 2024