Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. HSBC analyst Saul Martinez upgraded Morgan Stanley (NYSE:MS) from Hold to Buy and announced a price target of $118. Morgan Stanley shares gained 0.1% to […]

Customers of Bank of America (NYSE:BAC) faced a significant disruption on Wednesday as they struggled to access their accounts, with many seeing zero balances. The bank has since addressed the issue, stating it has been largely resolved. What Happened: The outage began around 12:45 p.m. ET, as reported by Downdetector, a service that monitors online […]

Apple Inc (NASDAQ:AAPL) is nearing the launch of a budget smartphone by 2025 to regain market share lost to Huawei Technologies Co and Xiaomi Corp (OTC:XIACF) (OTC:XIACY). Apple iPhone’s market share in China slipped to 14%, down from third to sixth place in the second quarter. Huawei bagged the fourth position, and Xiaomi came fifth. Vivo emerged as the […]

Ford Motor Co. (NYSE:F) has introduced a new initiative aimed at increasing electric vehicle sales by addressing customer concerns. What Happened: The “Ford Power Promise” program, starting Tuesday, offers benefits like free home-charging installation for buyers or lessees of new Ford EVs, including the F-150 Lightning and Mustang Mach-E. The initiative aims to alleviate financial […]

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Wolfe Research analyst Andy Chen downgraded the rating for Celldex Therapeutics, Inc. (NASDAQ:CLDX) from Outperform to Peer Perform. Celldex Therapeutics shares fell 8.7% to close […]

Federal Trade Commission (FTC) Chair Lina Khan has raised concerns about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. What Happened: Speaking at the 2024 Fast Company Innovation Festival, Khan highlighted the risks AI poses in enabling fraud and price discrimination. She emphasized that AI tools are accelerating […]

Intel Corporation (NASDAQ:INTC) saw a 2.38% increase in its pre-market trading on Monday, following reports of a potential multi-billion dollar investments from Apollo Global Management Inc. (NYSE:APO) and a takeover interest from Qualcomm Inc. (NASDAQ:QCOM). What Happened: Apollo, a U.S.-based asset management firm, is considering an equity-like investment of up to $5 billion in Intel, […]

Chewy Inc (NYSE:CHWY) shares are trading lower in Thursday’s after-hours session after the company announced a public offering by a selling stockholder and a concurrent share repurchase. What Happened: After the market close, Chewy announced an underwritten offering of $500 million of its common stock by Buddy Chester Sub LLC, which is an entity affiliated with funds […]