The future looks bright for First Solar , according to Guggenheim. The investment bank reiterated its buy rating on the solar technology stock in a research report Friday, and hiked its price target by 42%, to $287 from $202. Shares of First Solar have climbed 9% this year, through Thursday. This revised target price is more than 49% above where the stock last closed. FSLR YTD mountain FSLR YTD chart Guggenheim analyst Joseph Osha pointed to First Solar’s continued operations in Southeast Asia as a catalyst for the price target increase. “Most of the changes to our estimates are driven…
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The recent action in tech stocks has many on the Street walking on eggshells. Source link
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty ImagesPresident Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position.”What she did was bad,” the president told reporters who asked about Cook, an appointee of former President Joe Biden who has come under fire from the Trump administration over allegations about her mortgages.”So I’ll fire her if she doesn’t resign,” he said during an impromptu visit to The…
A “Now Hiring” sign hangs in the window of a hair salon in the Greater Boston town of Medford, Massachusetts, August 12, 2025.Brian Snyder | ReutersWage growth is doing something odd these days.Typically, wages grow at a faster clip each year for workers who switch jobs, compared to those who stay in their current role.That makes sense: Workers generally leave a job when they find something better for them, which often includes a higher salary, according to labor economists.But in 2025, the roles have reversed as workers, faced with a souring job market, shift from job-hopping to “job hugging” —…
[The stream is slated to start at 10 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]Federal Reserve Chair Jerome Powell delivers his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming.With the speech expected to review the economic situation and the Fed’s five-year framework outlook, markets also are looking to Powell to provide strong hints about a September interest rate cut.For their part, the chair and other officials have been cautious about easing monetary policy with the impact of…
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesWaymo is getting one step closer to rides in New York City.The Alphabet autonomous vehicle subsidiary received its first permit from the New York Department of Transportation on Friday to start testing in New York City, Mayor Eric Adams announced Friday. The rollout is the city’s first autonomous vehicle testing launch.Waymo will start testing eight vehicles in Manhattan and Downtown Brooklyn through late September with the potential to extend the program.…
LONDON — Tariffs, economic uncertainty and political challenges have created a difficult-to-navigate U.K. market this year, sparking some turbulence for the country’s currency. The pound has gained around 7.2% against the U.S. dollar in the year to date, while losing 4.3% against the euro, with some significant bumps along the way. GBP= YTD line GBP/USD ‘Bizarre behavior’ Part of the picture is dollar weakness arising from a broad rotation out of U.S. assets , which has benefited both sterling and the euro. But the economic and geopolitical backdrop entangling the U.K. in recent months have clouded the picture for the…
Check out the companies making headlines before the bell. Nvidia – The artificial intelligence chip darling fell more than 1% after it reportedly asked some of its component suppliers to halt production of its H20 graphics processing units. The company is also reportedly having conversations with the U.S. government about shipping a more advanced chip to China. Intuit – The stock pulled back more than 6%. While the financial technology company’s fourth-quarter results surpassed expectations – its adjusted earnings of $2.75 per share on revenue of $3.83 billion beat the $2.66 per share on revenue of $3.75 billion that analysts…
Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty ImagesJohn Deere is facing a crossroads as the company continues to see weaker demand in the agricultural sector even while it has committed to investing millions in U.S. manufacturing and promised a brighter road ahead.The agricultural machinery company warned on its fiscal third-quarter earnings call last week that it is seeing much softer demand, posting significant year-over-year decreases in net income…
US President Donald Trump speaks during a multilateral meeting with European leaders in the East Room of the White House in Washington, DC, US, on Monday, Aug. 18, 2025.Aaron Schwartz/CNP/Bloomberg via Getty ImagesThe U.S. and European Union granted businesses some desperately sought after clarity as they shared fresh details on their trade agreement on Thursday, but questions remain about whether the deal can really be trusted.Thursday’s update broadly echoed the framework announced by the U.S. and EU in July, which called for 15% tariffs as well as pledges for Brussels to amp up spending and investment in the U.S. New…
