Why Apple stock can rise over 30%: Goldman Sachs initiates first Buy since 2017
For the first time since 2017, Goldman Sachs has initiated first Buy on Apple since 2017 after saying shares could climb as high as 36% in 2023.
Altria buying vape maker NJOY for $2.75B
Altria will buy vape-maker NJOY and absorb the company’s NJOY ACE production as the only e-vapor product with market authorizations from the U.S. Food and Drug Administration (FDA).
Boeing CEO gets pay package, loses $7M bonus
Boeing CEO Dave Calhoun received a pay package of $22.5 million, but was denied a $7 million incentive bonus due to delivery delays.
Adani shares surge after $1.87B GQG investment; more road shows lined up
After falling $130 billion in market value, Gautam Adani's conglomerate, Adani, is beginning to rally after a $1.87 billion investment by GQG Partners in Florida.
Dell shares slide on forecast miss, CFO to retire
Dell shares declined after the company forecast a profit and revenue forecast for the current quarter and full-year that disappointed.
Nordstrom leaving Canada, cutting 2,500 jobs
Nordstrom announced it is shutting down operations in Canada, closing 13 stores and cutting 2,500 jobs.
Stock market in 'bull trap,' headed for more pain in March: Morgan Stanley
The stock market likely faces more losses in March as the Federal Reserve holds interest rates at an elevated level, according to Morgan Stanley analysts.
Inflation gives Kroger's private brands a boost
U.S. grocer Kroger reported upbeat earnings and an optimistic 2023 outlook on Thursday after raising prices due to inflation, surprising Wall Street analysts.
Ford applies for patent that allows cars to self-repossess
Ford has reportedly filed for a patent on technology that could lead to cars remotely repossess due to non-payment.
Rivian shares fall on mixed results, new recall
Electric automaker Rivian reported mixed results along with its second recall in less than six months. The recall involves nearly 89% of the vehicles produced through September.
Caterpillar workers reach contract deal at deadline, averting possible strike
Caterpillar's union workers have reached a tentative agreement on a new contract that covers four company facilities. The deal will likely avert a strike.
GM cutting hundreds of jobs to reduce costs
General Motors is cutting some executive and salaried jobs in an effort to cut costs and streamline operations.
Amazon employees will be able to use stock as collateral for home loans
Amazon historically has given less cash compensation to employees than its big-tech peers and tried to make up the difference with restricted stock units.
Target CEO gives cautious outlook after sales, profits improve
Target reported an increase in sales and revenue for the fourth quarter but CEO Brian Cornell is not as optimistic about the current environment.
Warren Buffett slams critics of stock buybacks after Democrats' scrutiny: 'Economic illiterate'
Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, pushed back on opponents of corporate stock buybacks in his annual letter to shareholders.
Boeing shares drop as 787 Dreamliner issues expand
The Boeing Company has stopped the delivery of its 787 Dreamliner after the company found an analysis error related to a fuselage component by supplier Spirit AeroSystems.
Bank of America totaled $1.2 billion in penalties, settlements in 2022
Bank of America recorded $1.2 billion in fines, settlements and expenses in 2022, topping the costs paid the previous two years.
Nvidia shares soar day after Intel cuts dividend
Chipmaker Nvidia’s shares are up on Thursday after the company reported better-than-expected quarterly earnings on Wednesday and rival Intel slashed its shareholder dividend.
Norfolk Southern’s Ohio train cost cleanup minimal as Buttigieg tours region
U.S. Transportation Secretary Pete Buttigieg will visit East Palestine, Ohio on Thursday following the derailment and spill of hazardous materials of a Norfolk Southern (NSC) freight line.
Norfolk Southern becomes third railroad to offer paid sick time
Norfolk Southern became the third railroad on Wednesday to make sick time available to workers, an issue in the last contract negotiations.



















