Apple is struggling to keep up with iPhone sales and a competitive artificial intelligence landscape, leading Oppenheimer to move to the sidelines on the stock. The firm downgraded Apple to perform from outperform and removed its $250 price target on the stock, citing a weaker outlook for iPhone sales in the next 12 to 18 months, lack of AI innovation and challenges in the Chinese market. “We see a twofold challenge ahead for iPhone growth: 1) stronger competition in greater China and 2) lack of compelling Apple Intelligence and generative AI apps to accelerate near-term device replacement,” analyst Martin Yang…
Author: usaeverydaylife
Check out the companies making headlines before the bell. F5 – Shares soared nearly 14% on the heels of the application security company’s fiscal second-quarter outlook beating Wall Street’s expectations. F5 expects revenue to come in between $705 million and $725 million, while analysts polled by FactSet had penciled in $702.7 million. Nextracker – The solar tracker manufacturer surged more than 24% after beating revenue expectations and offering stronger-than-expected earnings guidance. Nextracker reported $679.4 million in revenue for the quarter, exceeding the FactSet consensus forecast of $646 million. ASML – U.S.-listed shares of the Dutch semiconductor giant rose 5% after the…
Orbex is a startup that develops both small and medium-sized space rockets. The firm uses a renewable form of propane known as bio-propane to fuel its rockets.Michal Wachucik | AFP via Getty ImagesThe U.K. government announced Wednesday a £20 million ($24.8 million) investment in Orbex, a Scottish spaceflight startup aiming to rival Elon Musk’s SpaceX.The investment — part of a larger funding round that’s being raised by the firm — was revealed at the European Space Conference in Brussels. Orbex raised £23 million for its latest fundraise. Other investors involved include Denmark’s Export & Investment Fund, Octopus Ventures and former Informatica…
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve.Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the January meeting, indicating the euro zone’s central bank will cut by at least a quarter-percentage point. That would take the deposit facility, its key rate, to 2.75% marking its fifth trim since it began easing monetary policy in June 2024.Market pricing then suggests follow-up cuts at…
Goldman Sachs has turned more cautious on Moderna as the biotech struggles against strong competition from other vaccine makers. Analyst Salveen Richter downgraded shares from neutral to buy. Additionally, she lowered her price target by $48 from to $51, which suggests about 13.5% potential upside ahead. Richter’s changes are based on revised revenue projections for Moderna’s respiratory syncytial virus, or RSV, and cytomegalovirus, or CMV, vaccines. “We note the recent product revenue guidance represents the second in a series of negative revisions over the last six months, which while potentially at an achievable level, leads us to believe MRNA has…
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesFrontier Airlines said Wednesday it has again proposed merging with Spirit Airlines, which is in bankruptcy.Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer later derailed that plan. JetBlue’s acquisition of Spirit was blocked by a federal judge last year, and Spirit filed for bankruptcy protection in November.Frontier said in a release that it has met with Spirit’s board and executives since it made its proposal. It said…
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesThe German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth in 2025.The latest GDP estimate is sharply down from an October projection of 1.1% growth this year, but broadly in line with forecasts from other economic bodies. The International Monetary Fund earlier this month cut its outlook and now sees 0.3% growth for the German economy this year, while the federal…
For two summers during high school, instead of joining her classmates at the beach, Noura Ghazoui had an internship at the town hall of her hometown, Borghetto Santo Spirito, on the Ligurian coast.But when she tried to apply for a job there at age 19, she found herself ineligible because, like hundreds of thousands of children born to immigrants in Italy, she could not get Italian citizenship.“I feel Italian, I think in Italian, I dream in Italian,” Ms. Ghazoui said in Ligurian-accented Italian. “But I am not recognized in my country.”For generations, European countries have used mostly bloodlines to determine…
MicroStrategy’s massive run isn’t over yet, according to Mizuho. The firm initiated the stock with an outperform rating and $515 price target, indicating shares could climb an additional 53.5% from Tuesday’s close. MicroStrategy, often seen as a proxy for the price of bitcoin, benefitted from the postelection bitcoin rally and has surged more than 550% over the past 12 months. The stock, which joined the Nasdaq-100 index in December, is up nearly 16% so far this year. MSTR 1Y mountain MicroStrategy stock performance. The company’s strategy of using proceeds from debt and equity issuance to buy bitcoin, with the goal of…
British Airways Boeing 787-8 Dreamliner aircraft spotted flying on final approach over the roofs of the houses of Myrtle avenue for landing at London Heathrow Airport LHR in the UK.Nurphoto | Nurphoto | Getty ImagesU.K. Finance Minister Rachel Reeves on Wednesday unveiled plans to deliver a shot in the arm for the country’s ailing economy, signaling she backs the long-delayed expansion of one of the world’s busiest airports.In a major growth speech in Oxfordshire, Reeves said that a third runway at London’s Heathrow Airport was “badly needed,” adding it would boost investment, support economic expansion and potentially create create over…
