2023-09-20 20:40:48 The New York Stock Exchange (NYSE) in New York City, United States par Stephen Culp NEW YORK (Archyde.com) – The New York Stock Exchange ended lower after the US Federal Reserve (Fed) announced, as expected, that it was maintaining interest rates at their current level but warned that its strict monetary policy could … Read more
2023-09-18 10:03:00 (AOF) – Societe Generale (-9.27% to 24.01 euros) Societe Generale is at the bottom of the CAC 40 after the presentation of its strategic plan for 2026: the group is notably targeting a return on tangible equity (ROTE) of between 9% and 10% in 2026 compared to 8.9% last year , while it … Read more
2023-09-11 15:39:18 Sept 11 (Archyde.com) – Wall Street financial analysts on Monday revised their ratings and price targets on several U.S.-listed companies, including Intuit, Rent the Runway and Tesla. HIGHLIGHTS * Brunswick Corp BC.N: JP Morgan reduces its opinion from overweight to neutral * Intuit Inc INTU.O: Piper Sandler increases target price from $528 to … Read more
2023-09-11 12:08:01 (Adds industry detail and context in paragraphs 5-6, second quarter results details in paragraphs 7-9) Sept 11 (Archyde.com) – Truist Financial Corp TFC.N plans “significant reductions” in its workforce between the third quarter of 2023 and the first quarter of next year to reduce costs, the bank revealed in a regulatory filing on … Read more
2023-08-28 08:59:32 Aug 28 (Archyde.com) – Wall Street financial analysts on Monday revised their ratings and price targets on several U.S.-listed companies, including Duolingo, Mister Car Wash and Nerdy. HIGHLIGHTS * Bio Rad Laboratories Inc BIO.N: RBC lowers target price from $524 to $511 * Duolingo Inc DUOL.O: Raymond James takes over coverage with the … Read more
2023-08-28 02:42:56 par Lewis Jackson SYDNEY, Aug 28 (Archyde.com) – Workers at one of Chevron’s liquefied natural gas (LNG) facilities in Australia, a major exporting nation, will decide on Monday whether to allow their unions to appeal to the strike, after the company’s other two facilities voted in favor of possible action. The Gorgon and … Read more
2023-08-23 10:04:36 BERLIN, Aug 23 (Archyde.com) – Tesla TSLA.O has lowered production target at its German factory to 4,350 per week in July and August, after hitting 5,000 per week in March, and plans to cut it further, according to a Business Insider report citing internal documents and unnamed sources. The US automaker posted on … Read more
2023-08-21 05:37:49 (Title reworded, added Pershing Square’s decline to comment in paragraph 8) Aug 20 (Archyde.com) – Hedge fund firm Sculptor Capital Management SCU.N said on Sunday it had received an unsolicited offer from a third party that participated in a strategic alternatives process, but the offer did not state of “adequate committed funding”. Sculptor, … Read more