May 27, 2022

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3 New Articles
  • 56 mins ago Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery
  • 2 hours ago Credit Suisse downgrades Citi to neutral, says the bank has limited upside
  • 4 hours ago Cryptocurrency firms hope bear market will remove bad players
Home Tag Archives: business news

Tag Archives: business news

Business

Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

By The Texas Chronicle
56 mins ago
in :  Business
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A strong quarterly report is the start of a solid recovery for Ulta Beaty , according to investment firm Jefferies. On Thursday, Ulta blew away estimates for the first quarter, generating $6.30 in adjusted earnings per share on $2.35 billion of revenue. Analysts surveyed by Refinitiv were expecting $4.46 in earnings per share on $2.12 billion of revenue. The company’s …

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Business

Credit Suisse downgrades Citi to neutral, says the bank has limited upside

By The Texas Chronicle
2 hours ago
in :  Business
0
1

Citigroup ‘s stock may struggle to break out until the bank completes its transformation under new CEO Jane Fraser, according to Credit Suisse. Analyst Susan Roth Katzke downgraded the bank to neutral from outperform, saying in a note to clients on Friday that there were better options for investors. “We realize that the downside to C shares may prove more …

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Business

Cryptocurrency firms hope bear market will remove bad players

By The Texas Chronicle
4 hours ago
in :  Business
0
2

Executives from the blockchain and cryptocurrency industry told CNBC that the recent crash in the digital coin market should help get rid of “bad actors” in the space. Billions of dollars of value has been wiped off the cryptocurrency market in the last few weeks driven by a sell-off in stocks and the collapse of algorithmic stablecoin terraUSD and its …

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Business

Europe lambasted for failing to deter Putin’s war

By The Texas Chronicle
6 hours ago
in :  Business
0
2

DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this is Russia versus the West …

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Business

People are leaving Hong Kong and here’s where they’re going

By The Texas Chronicle
7 hours ago
in :  Business
0
2

They stuck it out during the political protests of 2019. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 — not because they want to, several told CNBC, but because Covid restrictions and what they see as an erosion of democratic …

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Business

How to protect yourself against monkeypox, what to do if you catch it

By The Texas Chronicle
7 hours ago
in :  Business
0
1

Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022.  Dado Ruvic | Reuters A recent monkeypox outbreak across the U.S., Europe, Australia and the Middle East has baffled health experts and is raising concerns of a wider outbreak. As of Wednesday, there were 346 confirmed and suspected cases in 22 countries outside …

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Business

Goldman Sachs’ top tech stock picks to weather market volatility

By The Texas Chronicle
11 hours ago
in :  Business
0
1

Goldman Sachs has named four “compelling” buying opportunities in tech after a mixed bag of first-quarter earnings. The stocks offer solid topline growth and are more likely to prevail amid the current market volatility, the bank said. After years of market-beating returns, tech stocks have endured a massive sell-off this year. The sector has borne the brunt of a market rotation …

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Business

India needs to fill China gaps to become the “pharmacy of the world”

By The Texas Chronicle
11 hours ago
in :  Business
0
2

India emerged as a large supplier of Covid-19 vaccines, supplying to 75 countries, including Indonesia, where a medical officer injects the vaccine AstraZeneca into a recipient in Bintan island on July 2, 2021. (Photo credit Yuli Seperi / Sijori images/Future Publishing via Getty Images India has embarked on an ambitious plan to cut dependence on China for key raw materials …

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Business

Tech investor Paul Meeks says avoid from this FAANG stock

By The Texas Chronicle
12 hours ago
in :  Business
0
2

Tech investor Paul Meeks identified the FAANG stock he would currently stay away from despite the recent rout in the broader sector, saying parts of the company’s business “could be in some trouble.” That company is e-commerce giant Amazon , whose shares have dropped more than 30% so far this year, as of the Thursday close. “In the United States, …

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Business

Alibaba announces fourth quarter earnings

By The Texas Chronicle
12 hours ago
in :  Business
0
2

SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. The Nikkei 225 in Japan gained 1.41% as shares of conglomerate SoftBank Group surged 5%. The Topix index advanced 1.08%. South Korea’s Kospi also jumped 1.22%. In Australia, the S&P/ASX …

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Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

The Texas Chronicle
56 mins ago

Credit Suisse downgrades Citi to neutral, says the bank has limited upside

The Texas Chronicle
2 hours ago

Cryptocurrency firms hope bear market will remove bad players

The Texas Chronicle
4 hours ago
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  • 56 mins ago

    Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

  • 2 hours ago

    Credit Suisse downgrades Citi to neutral, says the bank has limited upside

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