A man walks out of Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Check out the companies making the biggest moves in premarket trading: Walgreens Boots Alliance — The retail pharmacy chain sank about 7% after the company lowered its full-year earnings guidance to $4…
Malaysia’s sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director. Khazanah’s net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. The Kuala Lumpur-based fund invests…
Chinese Premier Li Qiang attends a meeting on June 26, 2023, with the Director-General of the World Trade Organization ahead of the World Economic Forum New Champions meeting in Tianjin, China. Pool | Getty Images News | Getty Images BEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach…
Market Movers rounded up the best reactions from investors and analysts on Uber . The pros discussed the ride-sharing service after Bernstein reiterated the stock as outperform . The firm also raised its price target to $50 a share from $45 and named Uber one of its top picks. Uber hit an intraday high of…
The Publishers Clearing House offices in Jericho, New York on Jan. 30, 2019. Bill Perlman/Newsday RM via Getty Images) How ‘dark patterns’ can trap consumers Sara Adair shows off the oversized check for $1 million her husband Mark received from the Publishers Clearing House Prize Patrol in South Boston, Massachusetts, on April 1, 2022. Craig…
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric-vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the stock…
A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store June 18, 2023 in South Burlington, Vermont. Robert Nickelsberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — Shares dropped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade…
A new ETF is making a big bet on real estate and other hard assets. CBRE’s Investment Management launched the IQ CBRE Real Assets ETF in May with the idea that it will deliver inflation protection in a rising interest rate environment. “The ETF market is lacking options in this space,” the ETF’s portfolio manager,…
Market Movers rounded up the best reactions from an investor and an analyst on Tesla . Dan Ives of Wedbush Securities and investor Ron Baron discussed the electric-vehicle maker after recent downgrades from Barclays and Morgan Stanley . The chairman and CEO of Baron Capital said on CNBC’s ” Squawk Box” Friday that he sees…
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. While China revamps its rulebook for tech, the European Union is thrashing out its own regulatory framework to rein in AI but has yet to pass the finish line. Str | Afp |…
