Strategist says this tech giant is the ‘cheapest of all the mega-cap names’ right now
Raymond James Investment Management’s Matt Orton says it’s one of “two big long-term winners” in artificial intelligence and is underappreciated in that area.
CNBC Daily Open: High rates are still haunting IPOs
Markets were in a downbeat mood ahead of today’s Federal Reserve policy decision. Even excitement over Instacart’s debut on the Nasdaq was somewhat muted.
S&P 500 falls after the Fed signals it will hike rates one more time this year: Live updates
The central bank is expected to hold rates steady, but investors will closely watch the summary of economic projections and the comments from Fed Chair Powell.
Klaviyo valued at $9.2 billion after pricing IPO above range: Reuters
Klaviyo priced 19.2 million shares at $30 apiece, the sources told Reuters, requesting anonymity as the discussions are confidential.
The 40-hour workweek started with autoworkers—now they’re trying to make 32 hours the new norm
The United Auto Worker’s new proposals aren’t the first time the industry has called for a shortened workweek without a pay cut.
Channel checks in China suggest iPhone orders will be disappointing, Barclays says
The latest channel checks in China convey a potentially difficult cycle ahead for the iPhone, according to Barclays.
Bank stocks show more signs of life after a tumultuous year. Here’s what’s causing the run and why we’re optimistic on these financial names
Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.
Amazon devices unit morale wanes amid cuts, weak development pipeline
The division, known as Lab126, was a focus for Amazon’s founder Jeff Bezos, but more recently it has been buffeted by mass layoffs and key executive departures.
Never before have just 10 stocks held this much sway over the global stock market
Ned Davis Research noted the top 10 names by market cap in the All Country World Index now account for a record nearly one-fifth of the benchmark.
