In the first quarter, the United States’ GDP growth rate was 1.6%, below the anticipated 2.5% and lower than the previous quarter’s 3.4%. In the […]
Category: Brokerage Reports
Market Reacts: $META Stock Drops 13% Pre-Market as Analysts Slash Target Prices
In pre-market, $META down by 13%. Several financial institutions have adjusted their target prices for $META: Truist Securities has decreased its target price from $550 […]
Tesla Analyst Updates: Ratings, Revisions, and Price Targets Revealed
Tesla analyst revisions and ratings: Bank of America (BofA) upgraded Tesla from Neutral to Buy, with a price target (PT) of $220. Morgan Stanley reiterated […]
Meta’s Revenue Outlook Miss Sends Stock Plummeting 19% in After-Hours Trading
Meta, led by Mark Zuckerberg, experienced a sharp decline of up to 15% in after-hours trading following a Q2 revenue guidance miss. The company anticipates […]
US DOJ Seeks Jail Term for Former Binance CEO and Settles with Exchange in Landmark Cryptocurrency Crackdown
The U.S. Department of Justice (DOJ) is pursuing a three-year jail sentence for Changpeng Zhao, the former CEO of Binance, the world’s leading cryptocurrency exchange. […]
Boeing and Spirit AeroSystems Forge $425 Million Deal Amidst Production Challenges and Acquisition Talks
Boeing and Spirit AeroSystems have struck a $425 million deal to tackle Spirit’s inventory challenges and cash flow issues. This move comes as the U.S. […]
Apple’s First Quarter Phone Sales in China Decline by 19.1%, While Huawei Experiences a 70% Increase
Counterpoint Research reports a 19% decline in Apple’s iPhone sales in China during the March quarter, marking its weakest performance since the Covid outbreak in […]
Tesla and Reliance Industries in Talks to Forge EV Manufacturing Venture in India
Tesla and Reliance Industries Ltd. are currently engaged in preliminary discussions regarding the establishment of an electric vehicle (EV) manufacturing plant in India, as reported […]
Stock Market Recap: Nasdaq 100’s Worst Day Since 2023, Netflix and Nvidia Plunge
The Nasdaq 100, represented by $QQQ, experienced a significant drop of -2.1%, marking its most substantial single-day decline since October 2023. Both the S&P 500 […]
Bengaluru’s Shift to Smarter Spending: Pre-Owned Car Sales Jump 87 percent
Newsvoir Bengaluru is leading a significant shift in Indias automotive scenario, with a growing number of residents opting for pre-owned vehicles. Spearheaded by CARS24, Indias […]
Infosys Q4 Triumph: Surpasses Estimates with Rs 7,969 Crore Profit, Declares Rs 28 Dividend
Infosys announced its fiscal fourth-quarter results, reporting a net profit of Rs 7,969 crore. This surpassed analysts’ expectations. The company disclosed revenue of Rs 37,923 […]
Turbulence at Tesla: Job Cuts, Executive Departures, and Strategic Shifts Shake EV Giant
Tesla’s premarket shares dropped by 2.35% after confirming substantial job cuts and the departure of key executives. The electric vehicle (EV) giant disclosed plans to […]