Weekend Sip: Is this the smokiest Scotch on the market?
Have a dram of Bruichladdich's Octomore, known for its intense peaty flavor, to honor the January 25 birthday of Scottish poet Robert Burns
Have a dram of Bruichladdich's Octomore, known for its intense peaty flavor, to honor the January 25 birthday of Scottish poet Robert Burns
Stocks opened mostly lower Friday, on track for a hefty weekly loss as the Nasdaq Composite pushes deeper into correction territory. The Dow Jones Industrial Average rose 56 points, or 0.2%, to 34,772, while the S&P 500 was off 0.1% at 4,477. The Nasdaq was down 0.2% at 14,126, bringing it down more than 5% for the week. The Nasdaq earlier this week entered correction territory, falling more than 10% from its record high set in November. Shares of Netflix Inc. helped weigh on the Nasdaq in Friday's session... Читать дальше...
Longtime Netflix bear suggests stock selloff is now overdone
Coty Inc. stock rose 1.9% in Friday premarket trading after the beauty company was upgraded to buy from neutral at D.A. Davidson. Analysts maintained their $11.50 price target. D.A. Davidson cites market share gains for the CoverGirl cosmetics brand and Sally Hansen nail brand along with steep share declines since a November meeting with Chief Executive Sue Nabi for the rating change. Coty stock has slumped 14.6% over the past month, but shares have rallied 25.4% over the past year. The S&P... Читать дальше...
Huntington Bancshares Inc. shares fell 4.4% in premarket trades on Friday after the bank missed Wall Street's earnings target. The Columbus, Ohio financial company said it earned $401 million, or 26 cents a share in the fourth quarter, up from $316 million, or 27 cents a share, in the year-ago quarter. Adjusted earnings totaled 36 cents a share in the latest quarter. Revenue rose to $1.65 billion from $1.24 billion. The bank fell short of the analyst expectation for earnings of 30 cents a share and revenue of $1.69 billion... Читать дальше...
Blackstone Inc. and Starwood Capital Group have agreed to pay $1.5 billion to jointly acquire 111 properties under the WoodSpring Suites brand from Brookfield Asset Management Inc. , The Wall Street Journal reported Friday. The WoodSpring Suites brand, owned by Choice Hotels International Inc., specializes in guests staying weeks or months. The firms are targeting Americans traveling for business or drive-to vacations, the newspaper reported, citing people familiar with deal. The WoodSpring Suites... Читать дальше...
Need to Know: An asset that UBS analysts see experiencing an ‘up crash’
The average monthly mortgage payment in the U.S. in December soared 21.6% from a year ago, the biggest increase since real-estate services company Redfin Corp. has been keeping records, and are expected to keep rising this year, Redfin said Friday. And monthly average rents in December jumped 14.1% to $1,877, also the biggest increase on record. Redfin attributed the rise in mortgage payments to both climbing home prices and mortgage rates. Redfin started recording rental data in February 2019. Читать дальше...
Disney CEO's compensation more than doubled in 2021
Ratings Game: Analysts react — mostly negatively — to Netflix results, forecast
Raymond James analyst William J. Wallace IV (RJA) on Friday upgraded shares of Webster Financial Corp. to strong buy from outperform and increased his price target to $73 from $65. The integration of the bank's $5 billion acquisition of Sterling Bancorp should drive upside after it closes as expected in February, he said. Webster Financial's fourth-quarter core loan growth, excluding PPP loans, came in at 4.3% as "the biggest highlight" from its results. The fourth quarter marked the third consecutive... Читать дальше...
Tempur Sealy International Inc. said Friday that it is launching Sealy Naturals, an eco-friendly line of mattresses. Coming in the summer, the Naturals line is made from responsibly-sourced materials including wool, hemp, organic cotton and natural latex. Prices will start at $3,499 for a queen-sized mattress, which will come in firm, soft and medium options. Sealy Naturals will be a collection of hybrid mattresses with both an innerspring and latex design. Tempur Sealy stock has rallied 37.6% over the past year... Читать дальше...
Schlumberger Ltd. shares rose 1.4% premarket Friday, after the energy giant beat estimates for the fourth quarter and said it expects demand-led capital spending in the sector to create a multiyear growth cycle. The Houston, Tx.-based company posted net income of $601 million, or 42 cents a share, for the quarter, up from $374 million, or 27 cents a share, in the year-earlier period. Adjusted per-share earnings came to 41 cents, ahead of the 39 cent FactSet consensus. Revenue climbed 13% to $6.225 billion from $5.532 billion... Читать дальше...
Shares of Netflix Inc. plummeted 19.6% in premarket trading Friday, as the streaming-video service's disappointing outlook overnight prompted a number of Wall Street analysts to cut their ratings, but at least one analyst said the selloff appears "overcooked." Benchmark's Matthew Harrigan, who's been bearish on Netflix for at least the past two years, isn't turning bullish, but he did raise his rating to hold from sell. "Netflix stock should find a floor as the $405 after market price discounts... Читать дальше...
The U.S. is averaging more than 2,000 COVID-19 deaths a day, according to a New York Times tracker, as the highly contagious omicron variant keeps cases and hospitalizations close to record levels. U.S. new cases are averaging 735,652 a day, up 21% from two weeks ago, although cases appear to be peaking in northeastern states that were among the first to be hit hard. New York City, Cleveland, Chicago and Washington, D.C. are showing case numbers level off and start to fall, Deaths lag cases and... Читать дальше...
Shares of two partly-held Siemens renewable plays slump after warnings
Stoxx Europe 600 index tumbles 1.3% as techs track Wall Street rout
Airbus cancels order for 50 planes from Qatar Airways amid dispute
U.K. retail sales sink 3.7 in December, sharply missing analysts' forecasts
The regulator's move followed several earlier tightening measures targeting the ride-hailing and cargo-delivery market, including rules to cap commission rates and strengthen driver welfare.
Time on Thursday night reported the chip maker plans to commit $20 billion to build at least two chip fabrication plants at a 1,000-acre site in New Albany, Ohio, outside Columbus.
‘He thinks that because he is the working spouse, and has made all the money over the years, he should own 100% of his share of the business.’
Cryptocurrency prices tumbled Thursday night, with bitcoin hitting its lowest price since last August.
In a reversal from previous comments, House Speaker Nancy Pelosi said Thursday she was open to banning stock trades by members of Congress.
The streaming giant Netflix Inc. is maturing, and the company appears to be finally recognizing that fact.
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