Aden McCracken Tyrone of Pennsylvania holds a sign in honor of his parents outside of the U.S. Supreme Court on December 4, 2023 in Washington, DC. Michael A. McCoy | The Washington Post | Getty ImagesPurdue Pharma has won support from the attorneys general of 55 U.S. states and territories for its $7.4 billion settlement to resolve thousands of opioid lawsuits against the drugmaker and its owners, members of the Sackler family.A framework for the settlement had been announced in January by New York Attorney General Letitia James and other states, and the support announced on Monday could help Purdue Pharma…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau chats with StandardAero CEO Russell Ford to discuss why the engine maintenance business has done well, business challenges and much more. Source link
After a strong run, CoreWeave stock may have limited room for further upside, according to Bank of America. The firm downgraded CoreWeave to neutral from buy on Monday, but increased its price target to $185 per share from $76, which suggests shares could rise 26% from Friday’s $147.19 close. “We acknowledge there are positive developments including: (1) a new hyperscaler customer; (2) expansion on OpenAI agreement; and (3) debt raise at lower cost of capital,” analyst Brad Sills wrote in a note to clients. “However, with stock trading at 25x CY27e EBIT, a premium to the peer group at 16x,…
The stock market could get another boost on the strength of the “TINA” trade, according to Goldman Sachs. TINA, which stands for “There Is No Alternative,” refers to an idea that takes hold when investors believe there is no viable investment to put their money into outside of one specific asset, usually equities. The bull market following the 2008 financial crisis, when low interest rates made bonds a less attractive option, was one such period when the trade gained steam on Wall Street. Now, David Kostin, chief U.S. equity strategist at Goldman Sachs, said he expects that flows into the…
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty ImagesGlobal investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare in the Middle East.The two regional powers continued trading fire on Monday, marking the fourth consecutive day of fighting since Israel launched airstrikes against Iran last week.Despite the continued fighting — with hundreds reported dead — global stock markets sustained a positive momentum on Monday, seemingly…
It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via the app’s messaging features. The ads will only be shown to users within WhatsApp’s “Updates” tab to separate the promotions from people’s personal conversations. Additionally, Meta will begin monetizing WhatsApp’s Channels feature through search ads and subscriptions. The debut of ads on the messaging app represents a…
Check out the companies making headlines before the opening bell on Wall Street. U.S. Steel — U.S. Steel shares jumped 5%s after President Donald Trump issued an executive order on Friday approving its merger with Japan’s Nippon Steel. The companies also signed a national security agreement that includes a golden share for the U.S government. Although U.S. Steel did not specify what powers the government would wield with its share, Trump said on Thursday that the golden share gives the U.S. president ” total control .” Roku — The streaming platform jumped 8.5% after announcing an exclusive partnership with Amazon that…
A potential multi-year growth outlook for luxury brand Coach could be a key driver for Tapestry stock, according to JPMorgan. The firm reiterated an overweight rating on the fashion holding company stock, alongside a $104 per share price target. JPMorgan’s forecast calls for about 32% upside from Friday’s $78.91 close. Analyst Matthew Boss specifically pointed to an attractive growth profile for Tapestry’s Coach brand as a potential growth catalyst for the stock. Boss also said Tapestry’s past efforts to reach younger customers within its Coach brand has “reached critical scale” which is “more than offsetting prior declines in the customer…
Attendees walk past the closed Israel Aerospace Industries (IAI) Israeli Pavillon during the 55th edition of the International Paris Air Show at the ParisLe Bourget Airport, in Le Bourget, suburb of Paris on June 16, 2025. Alain Jocard | Afp | Getty ImagesThe stands of at least two major Israeli defense firms were blocked off to attendees at the Paris Air Show on Monday, in a move Israel said was ordered by the French government following a dispute over the displays.Boards were placed around the pavilions of firms including Elbit Systems and Israel Aerospace Industries (IAI), which were showcasing examples…
US President Donald Trump disembarks from Air Force One while holding his cellphone with a text message from Roger Stone upon arrival at Joint Base Andrews in Maryland, May 30, 2025, after traveling to Pennsylvania to visit a US Steel plant. Saul Loeb | Afp | Getty ImagesThe Trump Organization on Monday unveiled a mobile phone plan and a $499 smartphone that is set to launch in September.The new service, Trump Mobile, will offer a $47.45-per-month plan that includes unlimited talk, text and data, as well as roadside assistance and a “Telehealth and Pharmacy Benefit,” according to its website.The company…
