Finance

Analyst hails Fed’s quicker-than-expected approval of an investment in KeyCorp by the Bank of Nova Scotia as a good sign for more dealmaking. Source link

Valued at $55.6 billion by market cap, Johnson Controls International plc (JCI) is a global leader in building technologies and solutions. Headquartered in Cork, Ireland, the company offers an extensive portfolio of products and services, including HVAC systems, building automation, and energy solutions, delivering innovative and sustainable solutions that enhance operational …

(RTTNews) – After moving to the upside early in the session, stocks have turned in a relatively lackluster performance over the course of the trading day on Friday. The major averages have pulled back off their highs of the session and are now lingering near the unchanged line. Currently, the …

The Federal Reserve is set to cut its benchmark interest rate by a quarter-percentage point next week, staying on the path it has laid out to slowly bring rates down even as the economic landscape shifts beneath its feet. Source link

Shares of Broadcom (NASDAQ: AVGO) charged sharply higher on Friday, jumping as much as 22.7%. As of 10:35 a.m. ET, the stock was still up 21.5%. The catalyst that sent the artificial intelligence (AI) specialist higher was Broadcom’s strong financial results, fueled by robust demand for AI. Demand for AI …

A clear sign that consumer confidence is returning is the post-election rally in consumer discretionary stocks. The Consumer Discretionary Select Sector SPDR Fund (NASDAQ: XLY), one of the leading consumer discretionary exchange-traded funds (ETFs), is up 24.7% in the last three months. That’s pushed the fund to a gain of …

As we close the curtain on 2024, a strange phenomenon is creeping into the market. I’ll call it AI fatigue. There’s a sense that, perhaps, artificial intelligence is a bubble that’s run its course.   Some analysts are anxious to move past the novelty of generative AI and large language …

Shares of Uber Technologies Inc (NYSE: UBER) were cruising at all-time highs as recently as October. They’ve slipped considerably since then, and for investors, this will be frustrating. Shares of the ride-hailing giant have fallen a full 25%, with a particularly painful 10% drop last week. This was largely due to …

Steel Dynamics Inc. (Symbol: STLD) has been named as a Top 5 dividend paying metals and mining stock, according to Dividend Channel, which published its weekly ”DividendRank” report. The report noted that among metals and mining companies, STLD shares displayed both attractive valuation metrics and strong profitability metrics. The report …

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the John Hancock Multifactor …