Amazon downgraded, Netflix upgraded: Wall Street’s top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Phillip Securities upgraded Netflix (NFLX) to Neutral from Reduce with...
Zuckerberg, Dimon Are Among Top Sellers Ahead of Tariff Stock Rout
Insiders including Meta Platforms Inc.’s Mark Zuckerberg, Oracle Corp.’s Safra Catz and JPMorgan Chase & Co.’s Jamie Dimon cashed out shares worth billions of dollars before President Donald Trump’s tariff announcements roiled markets. Zuckerberg sold 1.1 million...
Beneath Market’s Uneasy Calm, Dread Runs Deep Across Wall Street
It was an unexpected, if improbable relief. The panic unleashed by Donald Trump’s trade war, which convulsed financial markets around the globe and sowed doubts about America’s standing in the world, died down nearly as quickly as it began. The S&P 500 Index —...
Beneath Market’s Uneasy Calm, Dread Runs Deep Across Wall Street
It was an unexpected, if improbable relief. The panic unleashed by Donald Trump’s trade war, which convulsed financial markets around the globe and sowed doubts about America’s standing in the world, died down nearly as quickly as it began. The S&P 500 Index —...
Behind the Vanguard, Blackstone, Wellington Plan to Launch Private Investments
The announcement follows the introduction of a public and private ETF from State Street and Apollo last month. There’s a new private-markets tag team in town. Vanguard and Wellington Management are teaming up with Blackstone to launch private and public assets inside...
UnitedHealth Falls Most in 26 Years After Shock Forecast Cut
UnitedHealth Group Inc. cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. The company said it was blindsided by rising medical costs as the first quarter closed, upending a...
UnitedHealth Falls Most in 26 Years After Shock Forecast Cut
UnitedHealth Group Inc. cut its annual forecast and reported its first earnings miss in more than a decade, in a foreboding sign that weighed on other insurance stocks. The company said it was blindsided by rising medical costs as the first quarter closed, upending a...
Whale Rock Lost 20% in First Quarter Amid Trade War Volatility
Whale Rock Capital Management racked up double-digit losses in the first quarter as President Donald Trump’s trade wars rattled markets. The public equities hedge fund lost 15% in March, extending its loss over the first three months of the year to about 20%,...
Stock Rout Has Couples Taking Axe to Wedding Budgets
Couples are cutting wedding budgets and delaying the event altogether in a sign that a sinking stock market and recession fears are causing a pullback on big purchases. Wedding planner Alyssa Pettinato said that four of the 15 couples she’s working with in the New...
For Wall Street, Worsening Economy Is a Problem for Later
Bank executives’ commentary over the past week made clear they’re worried about where the economy is headed, but their first-quarter results showed little concern. The six biggest US banks bought back roughly $22 billion of stock in the quarter, a jump of more than...
Retail Investors Who’ve Only Known Bull Markets Are Buying the Dip
Tariff turmoil has shredded investing play books up and down Wall Street. But far from Manhattan, in the Nevada desert, Brandon Arnett is sticking to the retail trading mantra that’s worked for all his life: Buy the dip. “I have been buying into the S&P 500,...
Bessent Says ‘Everything’s On the Table’ for Taxes on Wealthiest
Treasury Secretary Scott Bessent said Republicans are looking at all options to help pay for President Donald Trump’s campaign promises on tax cuts, including increasing levies on the wealthiest Americans. “We’re going to see where the president is” on the issue,...
Dollar’s Losing Run Shows Wall Street Angst Over Tariff U-Turns
Worries over global trade dragged the dollar to a six-month low on Monday, leaving investors bracing for more weakness ahead. The Bloomberg Dollar Spot Index extended declines for a fifth day, falling a total of 3.3% during that stretch. While Treasuries and stocks...
Agility Robotics was raising $400 million at a $1.7 billion valuation
Agility Robotics was raising $400 million at a $1.7 billion valuation. Klarna and StubHub delay their IPOs due to Trumps tariff regulations. Plaid raised $575 million at a $6.1 billion valuation. Ripple acquired Hidden Road, a prime brokerage firm, for $1.25 billion....