Raymond James downgrades Home Depot, says there are challenges ahead despite solid earnings report
Analyst Bobby Griffin downgraded shares of Home Depot to market perform from outperform, foreseeing challenges next year for the housing sector.
Qualcomm is a top semiconductor pick with nearly 20% upside, Credit Suisse says
Analyst Chris Caso initiated the stock with an outperform rating, saying it’s a good pick for investors limiting near term risk compared to other chip names.
Amazon starts cutting jobs, with layoffs hitting Alexa unit and cloud gaming division
CEO Andy Jassy has moved aggressively to cut costs across Amazon, and the company previously said it would freeze hiring in its corporate workforce.
Several Kentucky supreme court justices sound skeptical of state’s near-total abortion ban
Abortion providers asked Kentucky’s supreme court to block the state’s near-total abortion ban. In oral arguments, some justices sounded skeptical of the ban.
Apple will buy processors from factory in Arizona, CEO Tim Cook reportedly says
If Apple were to buy processors manufactured in Arizona, it would represent a significant diversification in Apple’s supply chain away from Taiwan.
Microsoft will update harassment policy after report shows pitfalls in handling of complaints
Some people who filed harassment or discrimination complaints indicated they could be hurting their career prospects, an issue Microsoft is working to address.
Microsoft, Meta and others face rising drought risk to their data centers
Data centers generate massive amounts of heat through their servers because of the enormous amount of power they use, and water is used to cool them.
Crypto.com customers worry it could follow FTX, as CEO tries to reassure them everything’s fine
Crypto.com has seen the value of its native token plunge since FTX’s collapse last week, and concern has mounted about deposits, which the CEO says are stable.
FDA could approve over-the-counter nasal spray, autoinjectors to treat opioid overdoses
But the FDA stressed that it needed more data to make a definitive conclusion on the use of the over-the-counter treatments for opioid overdoses.
Ford says making its own parts for electric vehicles could offset job losses
CEO Jim Farley compared the insourcing to the early days of the auto industry Ford controlled most, if not all, of the components going into a vehicle.
