GM has some skeptics on Wall Street about its ambitious EV plans
Wall Street is skeptical of GM’s plans regarding EV profits and revenue growth amid supply chain problems and broader economic concerns.
Children’s hospitals call on Biden to declare emergency in response to ‘unprecedented’ RSV surge
Infants 6 months and younger are getting hospitalized with RSV at seven times the rate observed before the Covid-19 pandemic, according to CDC data.
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
The Boston Fed president expressed confidence that policymakers can tame inflation without doing too much damage to employment.
Shares of DraftKings could surge 40%, to more than $20, Piper Sandler says
DraftKings has a “clear and repeatable” path to profitability, the analyst said.
60% of Americans are living paycheck to paycheck heading into the peak shopping season
The rising cost of living is straining household budgets just as the season of spending kicks into high gear.
Buy Conagra as it catches up with the competition, UBS says in upgrade
UBS said the stock is lagging its peers even as the company behind Chef Boyardee and Pam signals a better earnings growth trajectory ahead.
Bank of America downgrades Coinbase, says FTX collapse raises ‘contagion risk’ for crypto platform
The analyst cited three reasons for the downgrade, including lower trading expected from retail traders after the debacle.
Buy Walgreens as it ramps up its health-care strategy, JPMorgan says in upgrade
The analyst said the drugstore chain is working to revamp its business in notable ways.
Morgan Stanley downgrades Rent the Runway, cites ‘volatile’ business growth
The analyst cited a ‘concerning reversal’ that pointed to wild swings in online traffic month to month.
Crypto firm Multicoin expects contagion from FTX to wipe out many trading firms in coming weeks
Multicoin Capital, one of the top crypto venture firms, told investors in a letter on Thursday that FTX’s collapse will bring more industry pain.
