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U.S. Stock
Dec 09, 2024
U.S. Steel seen as 'diamond in the rough' at GLJ on hopes Biden approves Nippon deal
On Monday, a report from GLJ Research following consultations with government officials and industry experts suggested an increased likelihood of President Biden approving Nippon’s...
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Dec 09, 2024
US probes Hellofresh, Midway Staffing over child labour allegations, ABC report says
By Paolo Laudani (Reuters) - The U.S. Department of Labor (DOL) is investigating Hellofresh over allegations that migrant children were working at the meal-kit maker's cooking and...
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Dec 09, 2024
Exuberance rising but valuations not extreme, Evercore says
-- Market exuberance is on the rise but valuations haven’t yet reached extreme levels, Evercore ISI strategists said in a Sunday note. While the S&P 500's trailing...
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Dec 09, 2024
4 reasons why S&P 500 multiple is 'justifiably elevated': UBS
-- UBS noted on Monday that at 22.2x, the S&P 500's price-to-earnings (P/E) ratio is 1.5 standard deviations above its 30-year average, raising concerns about lofty...
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Dec 09, 2024
RealReal stock surges on Wells Fargo upgrade
-- Shares of RealReal (NASDAQ:REAL) surged over 13% on Monday following an upgrade by Wells Fargo (NYSE:WFC) to an "overweight" rating, accompanied by a substantial...
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Dec 09, 2024
Enterprise Bancorp to merge into regional lending peer Independent Bank in $562 million deal
(Reuters) - Enterprise Bancorp and Independent Bank (NASDAQ:INDB), the parent of Rockland Trust, have agreed to merge in a cash-and-stock deal valued at $562 million, they...
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Dec 09, 2024
China's Xiaomi to launch new SUV next summer amid rising demands
BEIJING (Reuters) - Chinese electronics maker Xiaomi (OTC:XIACF) said on Monday that it expects to launch its first SUV, the YU7, next June or July as it ventures deeper into...
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Dec 09, 2024
Pactiv Evergreen shares surge on Novolex buyout deal
In a significant move within the packaging industry, Pactiv Evergreen Inc. (NASDAQ:PTVE) shares jumped 19.5% in premarket trading following the announcement that Novolex, an Apollo...
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Dec 09, 2024
In case of TikTok ban, Meta, Snap set for significant upside, says Deutsche Bank
-- In case TikTok is banned in the United States, it could drive significant gains for rivals Meta Platforms (NASDAQ:META) and Snap Inc (NYSE:SNAP), according to a ...
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Dec 09, 2024
Chevron gains as BofA names it Top Pick 'into a pivotal 2025' year
-- Chevron Corporation has been named a top pick by Bank of America analysts heading into a "pivotal 2025." The firm reiterated its Buy rating on the stock and raised...
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