Dell shares have experienced a significant rise of over 9% to an all-time high following Morgan Stanley’s bullish outlook on the company. Analyst Erik Woodring from Morgan Stanley raised the price target on Dell and highlighted the increasing momentum in the AI server business as a key driver for the stock’s growth. Woodring upgraded Dell’s
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The recent report by the Labor Department’s Bureau of Labor Statistics revealed that wholesale prices jumped more than expected in April. The producer price index, which measures prices received at the wholesale level, increased by 0.5% for the month. This was higher than the 0.3% estimate provided by Dow Jones, indicating a significant uptick in
The job market for new college graduates is undergoing a shift, with a decrease in hiring compared to the previous year. Employers are planning to hire about 5.8% fewer graduates from the Class of 2024 than they did from the Class of 2023. This decline is particularly evident in industries such as chemical manufacturing, finance,
With the anticipation of potential rate cuts from the Federal Reserve, the debate surrounding how the central bank communicates with the public has intensified. Economists are divided on the number of rate cuts to expect from the Fed in the upcoming year, despite what was perceived as dovish signals from Fed Chair Jerome Powell during
A recent scandal involving Rep. Henry Cuellar, D-Texas has rocked the political sphere, shedding light on a case of alleged bribery and corruption. Two key political operatives connected to Cuellar, Mina Colin Strother and Florencio “Lencho” Rendon, have agreed to plead guilty and cooperate with the Justice Department in their investigation. The indictment accuses Cuellar
Tesla, known for its innovative electric vehicles and renewable energy solutions, is now facing allegations of union busting in its Buffalo, New York plant. The National Labor Relations Board has filed a complaint accusing Tesla of taking steps to discourage its employees from forming or joining a union. This complaint, brought forth by the NLRB’s
Belgium’s AB InBev saw a 5% rise in its shares on Wednesday morning following the release of its first-quarter results. The company reported higher revenue and profit, with a 2.6% increase in revenue year-on-year to $14.55 billion. Analysts noted that this growth narrowly exceeded expectations, despite a 0.6% decrease in the volume of beer sold.
Spinoff stocks have been performing exceptionally well in 2024, outshining the broader market by a significant margin. The General Electric aviation and energy split, which resulted in the creation of GE Vernova, has seen shares surge by more than 23% since its inception. This trend is not limited to a few isolated cases – 15
The dream of homeownership is becoming more elusive for renters, as highlighted by a recent New York Federal Reserve survey. The survey revealed that only 13.4% of renters in February had hopes of achieving “residential mobility” – a significant decline from previous years. This pessimism is fueled by a combination of factors that are making
Warren Buffett recently addressed Berkshire Hathaway shareholders about the future of the conglomerate he built, focusing on the succession plan once he is no longer at the helm. With Buffett turning 94 soon, thoughts of succession have been on the minds of many investors, especially after the passing of his long-time friend and business partner,