Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period.
Jefferies says this small-cap gaming stock could almost double
Jefferies upgraded PlayAGS shares to buy from hold, citing brighter prospects of accelerating product momentum.
Fed’s Bostic casts doubt on rate cuts this year even if there’s a recession
Atlanta Federal Reserve President Raphael Bostic and Chicago Fed President Austan Goolsbee spoke Monday on CNBC’s “Squawk Box.”
How the New York City metro area’s slow legal weed rollout created a boom in ‘gray’ market cannabis shops
New York City’s rollout of adult-use marijuana has stalled as the heavily populated tri-state metro area looks to grow a completely new legal cannabis industry.
Loop Capital downgrades Alphabet, says A.I. proliferation could hurt the stock
Loop Capital analyst Rob Sanderson downgraded Google shares to hold from buy. The analyst said he believes shares have only 6% more upside from Friday’s close.
Baird says lithium stock Albemarle can surge more than 45%, cites pricing power
Baird analyst Ben Kallo upgraded Albemarle shares to outperform, citing the company’s position as a leader in the near- and longer-term.
Loop Capital says Meta’s revenue outlook is getting brighter, sees more than 35% upside for tech giant
Loop Capital upgraded Meta shares to buy from hold, citing a bullish outlook on the company’s revenue prospects.
Americans are keeping their cars longer amid sky-high prices, rising interest rates
Rising vehicle ages are good news for aftermarket parts suppliers like AutoZone, O’Reilly Automotive and Advance Auto Parts.
Raymond James says Charles Schwab can rally nearly 30% as brokerage continues to attract assets
Raymond James upgraded Charles Schwab shares to outperform. The firm’s price target implies the shares could rally more than 28% from Friday’s close.
Fanatics to buy PointsBet’s U.S. assets for about $150 million
Fanatics agrees to acquires sports betting company PointsBet’s U.S. assets for $150 million.
