Articles

Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says

Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit markets

Southwest’s stock falls after activist calls special meeting to elect new board

Southwest Airlines’ stock took a turn lower Monday, after activist investor Elliott Investment Management called for a special meeting to give shareholders a chance to elect “a completely independent” board of directors.

Longboard Pharmaceuticals’ stock soars amid Lundbeck’s $2.6 billion deal to acquire the company

H. Lundbeck plans to acquire Longboard Pharmaceuticals in a $2.6 billion deal, the companies announced Monday.

Why Apple’s stock is a sweet play ahead of earnings, according to this analyst

An Evercore ISI analyst thinks Apple looks primed to capitalize on low investor expectations for the latest quarter.

Amgen’s stock falls as analyst warns that hype around obesity drug is baked in

Truist analyst Srikripa Devarakonda backs away from bullish call as competition mutes potential for biotech’s drug pipeline.

Nvidia’s stock heads for first record high in months as customers seem locked in

One analyst says customers are in a “prisoner’s dilemma” that will keep them spending, while another was encouraged by recent Nvidia commentary on the company’s “moat.”

Microsoft and these other stocks are the way to play AI now, says Goldman Sachs

So-called “platform” stocks, such as Microsoft and Snowflake are the most attractive part of the AI sector according to Goldman Sachs.

General Motors says Barclays will replace Goldman Sachs as rewards-card issuer starting next summer

The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM’s line of electric vehicles.

U.S. companies reassert their dominance of Fortune Global 500 ranks vs. rival China

A dramatic turnaround since 2022 represents both China’s struggles and robust performance from U.S. companies.

B. Riley’s stock soars 18% after bank agrees to sell Great American to Oaktree for almost $400 million

Investment bank’s stock is down 79% in the year to date amid regulatory fallout over a loan

Caterpillar’s stock falls after new bear calls out ‘mounting risks’ to earnings

Caterpillar’s stock pulled back from a record on Monday, after an analyst’s warning to sell ahead of earnings, citing valuation and signs of growing risks of weakness in the construction business.

Space stocks rise after SpaceX captures booster in fifth Starship flight test

For the first time, SpaceX used mechanical arms dubbed “chopsticks” on the launch tower to capture the Starship rocket booster.
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