(Reuters) – U.S. consumer sentiment ticked up for a fourth straight month in November, led by a big upswing in sentiment among Republicans following Donald Trump’s victory in the presidential election. The University of Michigan’s Consumer Sentiment Index climbed to 71.8 this month, the highest since April, from 70.5 in October. The result was shy…
By Chuck Mikolajczak NEW YORK (Reuters) -The euro fell to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its ascent towards the $100,000 mark. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by…
Investing.com — Wells Fargo initiated coverage on a range of semiconductor stocks on Friday, highlighting key opportunities and challenges across the sector. ON Semiconductor (NASDAQ:ON), Arm Holdings (NASDAQ:ARM), Allegro (WA:ALEP) MicroSystems (ALGM), and Cadence Design Systems (NASDAQ:CDNS) have been rated Overweight, reflecting optimism about their growth potential. Wells Fargo (NYSE:WFC) is bullish on ON Semiconductor’s positioning…
By Dan Levine and Sheila Dang (Reuters) – U.S. government researchers have found that a widely prescribed asthma drug originally sold by Merck & Co (NYSE:MRK) may be linked to serious mental health problems for some patients, according to a scientific presentation reviewed by Reuters. The researchers found that the drug, sold under the brand…
Investing.com — Piper Sandler on Friday downgraded the residential solar company Sunrun Inc (NASDAQ:RUN) to “neutral” from “overweight, citing concerns over cash flow generation under a prolonged higher interest rate environment. The brokerage noted that if IRA amendments reduce homeowner tax credits, residential solar demand could surge in 2025 as consumers rush to capitalize on remaining…
Investing.com — U.S.-listed shares of Temu parent PDD Holdings Inc DRC (NASDAQ:PDD) declined roughly 4% at $100, after JP Morgan downgraded the stock to “neutral” from “overweight” citing limited financial visibility and short-term uncertainties. “As the company provides limited details on its investment plans, visibility on short-term financials is too low to justify an investment case…
By Michael S. Derby NEW YORK (Reuters) – The banks most reluctant to tap the U.S. central bank’s discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on…
By Krishna N. Das and Jatindra Dash NEW DELHI (Reuters) – Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi’s party said they had to answer for contracts signed while they were in power. U.S. authorities have charged Adani and…
By Jonathan Stempel NEW YORK (Reuters) – A New York state judge found Sirius XM Holdings (NASDAQ:SIRI) liable in New York Attorney General Letitia James’ lawsuit accusing the satellite radio and streaming company of making it too hard for customers to cancel subscriptions. While rejecting claims alleging fraud and deceptive practices, Justice Lyle Frank of…
WASHINGTON (Reuters) – The European Union is prepared to react to any renewed trade tensions with the United States that may emerge under President-elect Donald Trump’s second administration, the EU’s ambassador to the U.S., Jovita Neliupšienė, said on Friday. Neliupšienė, speaking to reporters during a press briefing, did not specify actions to respond to Trump’s…
