Wall Street slashes price targets this earnings season. Here are 13 stocks that bucked the trend
More than 65% of S&P 500 companies that have reported results have seen cuts to price targets. Only 13 stocks saw meaningful upward revisions with potential upside.
DBS profit jumps 32% to record on rates, flags upbeat outlook
Banks globally have benefited from a jump in net interest income as central banks hike rates to tackle soaring inflation.
Hong Kong stocks lead losses in Asia-Pacific session after Fed signals more hikes ahead
Shares in the Asia-Pacific dropped on Thursday after the U.S. Federal Reserve Chairman Jerome Powell signaled further hikes ahead.
World’s largest iPhone assembly plant under new Covid lockdown in China
An industrial park in China that is home to the world’s largest assembly plant for Apple’s iPhones has been ordered to complete a seven-day Covid lockdown.
Jeffrey Gundlach says bonds are attractive now. Here’s how he builds a portfolio with an 8% return
The so-called bond king said Treasurys are now “potentially a profit maker.”
Qualcomm shares fall on first-quarter guidance, hiring freeze announced
Qualcomm shares fell in extended trading on Wednesday after the chipmaker offered poor first-quarter guidance.
Shares of Airbnb tumble 13% on low fourth-quarter guidance
Shares of Airbnb fell Wednesday, a day after the company released third-quarter earnings that beat Wall Street’s estimates but fell short on Q4 guidance.
Goldman says humanoid robots will be a $6 billion market in 10 years – How to play the growing trend
The rise of humanoid robots for work in factories and caring for the elderly could be a huge investing opportunity, according to Goldman Sachs.
Ark’s Cathie Wood is betting Elon Musk will turn Twitter into a ‘super app’
Twitter may one day look more like WeChat Pay, the digital payments service of Chinese messaging app WeChat, Wood said.
10-year Treasury yield turns higher after Fed’s Powell says rates will go higher than expected
Traders tried to decipher the Federal Reserve’s message on its tightening path after the central bank approved another big rate hike.
