Articles

U.S. manufacturers still mired in slump. Fed rate cuts to help, ISM says, but only after the election.

A key barometer of U.S. factories was negative for the fifth straight month, signaling the manufacturing side of the economy is still in a deep slump that might not end until after the presidential election.

Pfizer and Valneva report positive results in mid-stage trial of Lyme disease vaccine

The Phase 2 trial was evaluating the vaccine called VLA15 following a second booster dose given one year after the first one.

Vaxcyte’s stock soars 42% to record high after trial shows positive data for pneumococcal vaccine

Vaxcyte Inc.’s stock soared 42% Tuesday, after the vaccine maker reported positive results from an early-stage trial of its 31-valent pneumococcal conjugate vaccine candidate in adults aged 50 and older.

Transocean to book charge of over $600 million for sale of two deepwater assets

Transocean’s stock headed lower in early Tuesday trading, after the oil services company said it expects to book impairment charges of more than $600 million for the sale of assets.

Market turbulence from early August may not be over, SocGen’s Edwards warns

Tighter Bank of Japan policy and falling optimism over U.S. tech earnings may spark more turmoil.

Nvidia has a ‘high-class problem,’ but these analysts still like the stock

Nvidia’s gross margins could fall due to a rapid product cadence, but demand remains robust.

JPMorgan cut to hold from buy, as Wells Fargo, Bank of America get buy ratings

Deutsche Bank analyst Matt O’Connor sees little upside for JPM after stock’s 32% YTD rise.

Intel’s stock hasn’t been this cheap in at least 30 years. But is it a buy?

While Intel shares look inexpensive based on their multiple of book value, one analyst says he sees “easier ways to generate returns elsewhere.”

Southwest Airlines’ stock rises premarket on report of upped Elliott stake

Elliott now holds enough stock to call a special shareholder meeting ahead of a Sept. 9 sit-down with management.

Nio’s, Li Auto’s stocks fall as August deliveries decrease from the month prior

Shares of both Nio Inc. and Li Auto Inc. looked to open lower Tuesday after the China-based electric-vehicle makers reported August deliveries that rose from a year ago but fell from the prior month.

How the stock market’s volatile August fooled experts who should’ve known better

The broad disparity and differences among Wall Street analysts we’re seeing now is not normal.

Nokia signs fiber network deal with AT&T, which spurned it last year

Nokia on Tuesday said it’s landed a contract with AT&T, which comes after the U.S. giant last year inked a major deal with its arch-rival Ericsson.
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