On Wednesday, Jefferies, a well-known financial services company, increased its price target for Analog Devices (NASDAQ:ADI) shares, moving the target from $212.00 to $224.00. The firm maintained a Buy rating on the stock, expressing confidence in the company\'s future performance. The revision follows Analog Devices\' recent financial results, which showed a modest revenue beat of...
(Reuters) -Democrat Congresswoman Maxine Waters (NYSE:WAT) said on Wednesday she was \"deeply opposed\" to Capital One Financial (NYSE:COF)\'s $35.3 billion planned acquisition of Discover Financial and called on banking regulators to block the deal. \"This merger represents yet another struggle to rein in the economic power of the megabanks, and ensure that our financial system...
(Reuters) - AbbVie (NYSE:ABBV) is looking to sell at least $13 billion of corporate bonds to help fund its acquisitions of ImmunoGen (NASDAQ:IMGN) and Cerevel Therapeutics, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The sale is expected to be announced as soon as Thursday, following fixed-income investor calls on Wednesday,...
-- S&P 500 and Nasdaq futures rose in evening deals on Wednesday, with the latter leading gains as optimism over a strong outlook from AI darling Nvidia drove investors into technology stocks. Dow futures, however, were muted following a string of other weak earnings reports, while the minutes of the Federal Reserve’s late-January meeting showed...
SAO PAULO (Reuters) -Brazilian miner Vale said on Wednesday it had received a letter from the State of Para\'s environmental secretary informing it that its operating license for its Sossego mine has been suspended. The company said in a filing it was evaluating the necessary measures to re-establish the full validity of the mine\'s operating...
(Reuters) - Real estate investment trust Host Hotels & Resorts (NASDAQ:HST) forecast on Wednesday its 2024 revenue to be higher than Wall Street estimates, anticipating a continued recovery in demand for business travel. U.S. travel companies have been benefiting from increased demand, primarily from small- and medium-sized enterprises. Host Hotels & Resorts, which owns about...
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore\'s United Overseas Bank (OTC:UOVEY) (UOB) on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit. UOB maintained its 2024 guidance for double-digit fee growth while projecting total income to see positive growth, according to...
By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia (NASDAQ:NVDA)\'s earnings that could determine near-term momentum for equities. After the closing bell, Nvidia shares surged 6% after...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company\'s data center chips and graphics processing units (GPUs)...
By Praveen Menon and Echha Jain (Reuters) -New Qantas Airways CEO Vanessa Hudson (NYSE:HUD) delivered lower profits in her maiden results on Thursday, but gifted shareholders with a A$400 million ($262.2 million) stock buyback and promised more spending on customers as the Australian flag carrier looks to fix its battered reputation. Hudson, the airline\'s first...