The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed
The Nasdaq closed out its fifth straight weekly gain and is again outperforming other U.S. indexes as tech stocks are back in favor.
Many companies are adding, expanding tuition assistance so workers can go back to college
In the last few years, more companies have expanded their benefit offerings with free college programs to attract and retain workers.
Biden Interior advances renewable energy transmission projects in Nevada
The transmission projects in Nevada would connect eight gigawatts of clean energy to the Western power grid, the Interior Department said.
Morgan Stanley upgrades this mining stock that can surge more than 20%
Morgan Stanley upgraded shares to overweight, citing an improving production story.
OpenAI’s Sam Altman reverses threat to cease European operations
OpenAI’s CEO threatened to cease operations in Europe if regulation expanded, then seemed to reverse his stance saying there are “no plans to leave.”
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate.
Texas House committee recommends Attorney General Ken Paxton be impeached
An official in the Republican attorney general’s office called the action by the GOP-led committee “illegal.”
American Express is a top pick that can rally more than 20%, Morgan Stanley says
American Express’ current valuation is pricing in too much of a growth slowdown, according to Morgan Stanley.
Wolfe downgrades this well-known data company on concerns over macro outlook
Wolfe Research downgraded shares to peer perform and removed its price target on Snowflake shares, citing macro overhangs.
This health insurance ‘behemoth’ can rally more than 20%, says Piper Sandler
The firm initiated coverage with an overweight rating and a price target of $580, which implies shares rallying 21.4% from where they closed Thursday.
