Warner Bros. Discovery is poised for a pullback as it contends with media industry headwinds, particularly if its proposed merger with Paramount Skydance fails to materialize, according to KeyBanc Capital Markets. The investment firm downgraded Warner Bros. Discovery’s stock rating to sector-weight from overweight. It has no price target on the shares, which have soared 68% in the past month. “The stock’s valuation has gotten ahead of the fundamentals,” KeyBanc analyst Brandon Nispel said Thursday in a note to clients. “We don’t see much risk to expectations, but we also do not believe the fundamental improvement justifies the recent stock…
Author: usaeverydaylife
My top 10 things to watch Friday, Sept. 26 1. The S & P 500 was looking at a higher open this morning after three down days in a row. Core consumer inflation in August rose 2.9% year over year, as expected. Bond yields dropped. Good for mortgage rates. 2. Home Depot , which relies on the housing industry, was added to the analyst focus list at JPMorgan on expectations of multiple expansion. It’s one of the best long-term stories in retail. There is still time to register to have your book, “How to Make Money in Any Market,” signed…
A car equipped with Momenta technology on display at the IAA Mobility show in Munich, Germany in September 2025.Arjun Kharpal | CNBCMomenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter told CNBC.The valuation could change as the funding progresses, one of the people, who wished to remain anonymous because they were not authorized to discuss the details publicly, said.Bloomberg first reported the deal with a valuation above $5 billion.Momenta declined to comment when contacted by CNBC.The Beijing-headquartered company develops software and…
Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday.Excluding food and energy, the more closely followed core PCE price level was 2.9% on an annual basis after rising 0.2% for the month.The headline annual inflation rate was a slight increase from the 2.6% in July while the core rate was the same.All of the numbers were in…
Check out the companies making the biggest moves in premarket trading: Paccar — The maker of Peterbilt trucks jumped 7% after President Donald Trump said slapped a 25% tariff on imported heavy trucks starting Oct. 1. Intel — The chip company added 4.4%. The Wall Street Journal reported Intel has approached Apple , Taiwan Semiconductor and other companies about investing in the beleaguered company. Furniture stocks — President Trump said he is imposing a 30% tariff on upholstered furniture, effective Oct. 1, sending shares of furniture retailers lower. RH tumbled nearly 4%, while Wayfair and Williams-Sonoma both fell about 3%.…
Here are Friday’s biggest calls on Wall Street: JPMorgan upgrades Riot Platforms to overweight from neutral JPMorgan said the bitcoin miner has the “best value.” “RIOT is the rare bitcoin miner with installed scale, a clear path to hashrate expansion, cheap power contracts, capital and HPC [high performance computing] optionality.” Bernstein reiterates Oracle as outperform Bernstein raised its price target on the stock to $364 per share from $363. “After updating our long view estimates to incorporate management’s guidance, we expect Oracle’s growth to accelerate for the next few years;” Deutsche Bank reiterates Tesla as buy Deutsche raised its price…
A Peterbilt 579 truck equipped with Aurora’s self-driving system is seen at the company’s terminal in Palmer, south of Dallas, Texas, September 23, 2021.Tina Bellon | ReutersShares of Paccar jumped Friday after President Donald Trump announced that he will impose a 25% tariff on imported heavy trucks beginning Oct. 1.Paccar was last up more than 6% premarket.Trump said in a social media post Thursday that “large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions.”Stock Chart IconStock chart iconPCAR 5-day chartPaccar is the owner of Peterbilt and Kenworth.…
Nvidia CEO Jensen Huang gestures as U.S. President Donald Trump (not pictured) delivers remarks during the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersNvidia this week said it’ll invest $100 billion into OpenAI in a deal that highlights just how big the chipmaker’s investment portfolio has become since the arrival of generative AI in 2022.That deal came just one week after Nvidia committed a $5 billion investment into one-time rival Intel, and after the company announced its intention to make $500 million investment into self-driving car startup Wayve and a £500 million…
A logo sits illuminated at the Accenture booth in Mobile World Congress 2025 on March 03, 2025 in Barcelona, Spain.Xavi Torrent | Getty Images News | Getty ImagesTech consultancy Accenture has laid out plans to lay off staff that aren’t able to reskill on artificial intelligence amid a broader restructuring strategy which will see the company prioritize AI efforts.Accenture CEO Julie Sweet said in a call Thursday that as advanced AI becomes “a part of everything we do” and the global professional services company continues to invest significantly in the area, it expects employees to “retrain and retool” at scale.”We…
Microsoft’s efforts to meet the demands of the AI boom may be slow-going, but the technology company is still slated to notch impressive growth from its ties to the industry, as well as from several of its enterprise solutions, according to Morgan Stanley. The investment firm, which has an overweight rating on shares, raised its price target for Microsoft to $625 from $582, implying 18.9% upside. The bank also named Microsoft a top pick. “Sustained momentum on the top-line [and] better appreciation of the breadth of growth drivers…should drive shares toward our upwardly revised $625 price target,” Morgan Stanley analyst…
