Job openings hold strong despite rate hikes; manufacturing in contraction
Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession.
Rivian stock hits new 52-week low after the automaker misses 2022 production target
Rivian said it produced 24,337 vehicles last year, slightly missing its 25,000 target.
Shares of Charles Schwab could rise 20% as interest rates peak, Goldman Sachs says in upgrade
The company has an “under-appreciated earnings and capital return opportunities,” according to Goldman Sachs.
Mastermind of ‘Varsity Blues’ college admissions scheme sentenced to more than 3 years in prison
William Rick Singer allegedly raked in more than $25 million from his clients and paid bribes totaling more than $7 million in the nationwide college admissions scandal.
Bank of America upgrades Merck, says pharma giant will outperform even as macro pressures mount
The firm expects further upside for the pharmaceutical stock, which jumped roughly 45% in 2022.
UBS downgrades Microsoft, cites weakening outlook for Azure and Office
The firm said the latest round of field checks into the business lowered its confidence in the stock.
Microsoft recognizes its first union as ZeniMax software testers organize
Testers at multiple U.S. ZeniMax video game studios voted in favor of joining a union. Microsoft’s support lines up with a previous commitment.
Two children and two adults survive after Tesla plunges 250 feet off California cliff
The two rescued adults suffered “non-life-threatening injuries,” and the two children were unharmed, according to the San Mateo Sheriff’s Office.
Piper Sandler upgrades Coty, says China exposure could boost beauty stock in 2023
Piper Sandler said the stock is poised to benefit from several macro developments in its beauty and wellness outlook for the new year.
Barclays downgrades Ally Financial, says the bank is more vulnerable in 2023
Ally shares are coming off their worst year on record in 2022, dropping 48.7%.
