News & Updates

While the potential deal would result in a $54 billion automotive company, the world's third largest, any benefits for its credit outlook would come with a delay, they wrote in a research note. "We ... believe it will be difficult for them to produce significant effects quickly through expanding the scope of their collaboration to include batteries, software, and autonomous driving," S&P analysts said, but added the eventual impact on their creditworthiness would be significant. A merger would likely have a negative impact Honda's standalone credit outlook, while it should positively affect that of Nissan, they added.

Outdoor equipment company Toro (NYSE:TTC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 9.4% year on year to $1.08 billion. Its non-GAAP profit of $0.95 per share was in line with analysts’ consensus estimates.

(Reuters) -General Mills slashed its annual profit forecast on Wednesday as the Cheerios maker ramped up investments in promotions to attract cost-conscious consumers, sending shares down about 4% in premarket trading. The company said it was significantly increasing media investment in the third quarter for its Pillsbury brand to attract customers in the key baking season, leading to higher selling, general, and administrative expenses. "Its (General Mills') investments in brand marketing are necessary to sustain the long-term growth of its brands, but this will also have a negative impact on margins in the short term," Blake Droesch, analyst with eMarketer said.

The Dow enters trading Wednesday on a nine-day losing streak, the longest stretch of consecutive daily declines for the blue chip index since 1978. Monitor these key levels.

Aerospace and defense company HEICO (NSYE:HEI) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 8.2% year on year to $1.01 billion. Its GAAP profit of $0.99 per share was 1.3% above analysts’ consensus estimates.

Amazon stock is hovering new record highs after the tech giant hosted it annual cloud conference and touted a strong start to holiday shopping. With Amazon stock is ahead more than 50% so far this year, the e-commerce and cloud computing company is also appearing on several analyst top pick lists for 2025. Analysts are scrutinizing the position of the Amazon Web Services' cloud business in the battle for artificial intelligence spending against Microsoft.

Stocks don’t go up in a straight line, and that pertains to the market’s favorite name, Nvidia, as well! Shares of the chip-maker have fallen into correction territory, dropping by 12% from their November highs. Pros point to several factors for the sell-off, ranging from only an OK third quarter earnings report to signs of new competition from Amazon (AMZN) and Broadcom (AVGO). Comments from Microsoft CEO Satya Nadella on chip supply have also weighed on Nvidia (NVDA) sentiment. Even still, Nvidia secured the 2024 Product of the Year award for its work with game-changing AI chip Blackwell. Yahoo Finance executive editor Brian Sozzi is joined at the roundtable at the Nasdaq in Times Square by one of Wall Street’s most respected chip analysts, Bofa’s Vivek Arya. Arya has been a long-time bull on Nvidia, giving the company high marks for its leadership in chip design and execution. But despite that bullishness, he hasn’t shied away from urging caution on the stock in key periods for the company. Arya dives into his current thinking on the AI chip darling of the Dow Jones Industrial Average and offers up a few predictions that will surely garner the attention of the many Nvidia bulls. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.

HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, announced it has received official notice from the NYSE American LLC (the “Exchange”) confirming that the Company has regained compliance with all continued listing standards set forth in Part 10 of the NYSE American Company Guide (the “Company Guide”). The Company had previously been cited for non-compliance with Sections 1003(

Equity conversion strengthens financial position and accelerates global expansion in the $30 trillion retail market.NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a global leader in AI-driven retail innovation, and its leading investors have entered into a series of transactions agreeing to the conversion of $49 million of the outstanding convertible loan note into equity. The debt subject to conversion was issued pursuant to the secured convertible loan note instrument d

AT&T (T) is jumping on the return-to-office bandwagon. The telecom giant is requiring all of its office workers to head back to the office five days a week starting in January, Quartz confirmed. AT&T had formerly implemented a hybrid schedule, requiring just three days a week of in-office work.