Investing.com — UBS downgraded Nucor Corp (NYSE:NUE), Steel Dynamics Inc (NASDAQ:STLD), and Commercial Metals Company (NYSE:CMC), citing less compelling risk-reward dynamics following a strong rally in their shares. Nucor and Steel Dynamics were cut to “neutral” from “buy,” while Commercial Metals was downgraded to “sell.” UBS pointed to weak third-quarter earnings, disappointing fourth-quarter guidance, and continued…
Investing.com — UBS initiated coverage on UiPath Inc (NYSE:PATH) with a “sell” rating, citing mounting competitive pressures and a challenging market environment that could weigh on growth. UiPath, a leader in robotic process automation (RPA), faces increasing competition from tech giants like Microsoft (NASDAQ:MSFT) and ServiceNow (NYSE:NOW), which embed automation features into broader software suites. UBS…
(Reuters) – Stifel expects the S&P 500 index to peak in the first half of 2025, then fall 10% to 15% in the second half of the year, the brokerage said on Thursday citing concerns about slower economic growth and sticky inflation. The brokerage expects the U.S. stocks benchmark to drop to mid-5,000s late next…
By Daina Beth Solomon BUENOS AIRES (Reuters) – The head of global mining group Rio Tinto (NYSE:RIO) pledged to act if wrongdoing was discovered following the filing of sexual harassment lawsuits against the company. Brisbane-based law firm JGA Saddler this week filed a class action against Rio and BHP Group (NYSE:BHP), alleging widespread and systemic…
FRANKFURT (Reuters) – A handful of European Central Bank policymakers initially wanted a larger interest-rate cut on Thursday, worried among other things that new U.S. tariffs would hamper economic growth, three sources told Reuters. The ECB cut interest rates by a quarter of a percentage point on Thursday and kept the door open to more…
NEW YORK (AP) — The December holidays are supposed to be a time of joyful celebration, but the season can be especially grueling for the millions of people who work in retail stores, staff airline counters and field complaints coming into call centers. Instead of compassion or good cheer, service sector workers often encounter rude…
(Reuters) – BuzzFeed said on Thursday it has sold First We Feast, creator of YouTube’s popular talk show ‘Hot Ones’, to a group led by Soros Fund Management affiliate for $82.5 million, as the struggling media company faces a cash crunch. First We Feast will become an independent company led by founder Chris Schonberger as…
Investing.com — TD Cowen analysts named Booking Holdings (NASDAQ:BKNG) as their best stock idea for 2025, citing a continued runway for share gains and a new cost-efficiency plan. The firm’s analysts highlight that Booking Holdings Inc (NASDAQ:BKNG) is outperforming the industry with an 8% increase in booked nights for the year 2024, notably surpassing competitors…
Investing.com — Baird initiated coverage on Palantir Technologies Inc (NASDAQ:PLTR) with a “neutral” rating, given its strong position in artificial intelligence applications while noting its more than 300% gain year to date. “We are positive on the company’s position, but are wary of chasing given strong YTD performance and valuation,” analyst added. Palantir’s artificial intelligence platform, launched…
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion, after enjoying a one-time surge the prior quarter, the Federal Deposit Insurance Corporation reported Thursday. The slightly lower profits were primarily due to the fact that banks reported one-time gains on equity security transactions in…
