Leon Cooperman says ‘too rich’ stocks to go down, and long-term rates could go higher this year
Leon Cooperman believes the stock market with hefty valuations could see losses this year, while long-duration Treasury yields could test higher again.
DocuSign to lay off 6% of workforce, or about 440 jobs
DocuSign announced Tuesday it will cut 6% of its workforce as part of a restructuring plan
Honda recalls 750,000 U.S. vehicles over air bag defect
Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash.
Eli Lilly results blow past estimates on strong Zepbound launch, surging Mounjaro revenue
The quarterly results are the first to include sales of Eli Lilly’s new weight loss drug Zepbound, which won FDA approval in early November.
World’s biggest chipmaker TSMC to open second Japan factory with backing from Sony, Toyota
The expansion of TSMC’s operations in Japan highlights the Japanese government’s push to onshore manufacturing of semiconductors.
Country singer Toby Keith dies at age 62
The “Should’ve Been a Cowboy” singer died on Monday night surrounded by his family, a short statement said.
BP shares rise 5% after British oil giant announces plans to boost shareholder returns
British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices.
CNBC Daily Open: Wall Street anxious over Fed concerns
Investors are once again getiing ahead of themselves on the Fed’s next move.
Nintendo hikes sales forecast of flagship Switch console to 15.5 million units
Nintendo said it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast of 15 million.
Warnings, liquidity boost and proverbs — China’s tools for propping up its stock market
Various Chinese financial authorities have commented on the onshore China stock market rout in the last three days, underscoring a familiar Beijing playbook.
