-
US Dollar Could Rally 3% During A Second Trump Term: 'Far-Reaching Implications For FX Markets, Dollar'
Friday, March 15, 2024 - 3:45pm | 574The U.S. Dollar could rally 3% if former President Donald Trump wins re-election in November, Bloomberg reported, citing an analyst note from Barclays plc. What Happened: The GOP front-runner is currently proposing a baseline 10% tariff on all U.S. imports and a levy of 60% or higher on Chinese...
-
Rivian Q4 Earnings Preview: EV Market Jitters, R2 Debut Looms
Tuesday, February 20, 2024 - 2:41pm | 803Electric vehicle company Rivian Automotive Inc (NASDAQ:RIVN) reports fourth-quarter financial results after market close on Wednesday, Feb. 21, 2024. Here's a look at the key earnings estimates, what analysts are saying and key items for investors to watch. Earnings Estimates: Analysts expect...
-
Barclays VP Sues Bank For $290K Alleging Racial, Religious And Gender Discrimination
Wednesday, February 14, 2024 - 2:58am | 666A vice president at Barclays PLC (NYSE:BCS) has filed a lawsuit against the bank, claiming she was discriminated against due to her race, religion, and gender. The lawsuit seeks compensation of approximately $290,000. What Happened: Nazia Lawrence, a vice president at Barclays, has taken legal...
-
'EV Winter' Is Starting To Take A Toll On Rivian: Analyst Says 2024 Targets Are In Jeopardy
Monday, February 12, 2024 - 2:48pm | 608Rivian Automotive Inc (NASDAQ:RIVN) has all the makings of a long-term winner in the EV space, but one analyst sees broader EV market weakness weighing on the company in the short term. What Happened: Barclays analyst Dan Levy downgraded Rivian from an Overweight rating to an Equal-Weight rating...
-
Rivian Rally Loses Steam: What's Going On With The EV Stock?
Monday, February 12, 2024 - 8:35am | 269Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) dipped over 3% in premarket trading on Monday, giving up some of last week’s gains. The decline appears to stem from profit-taking activities following a nearly 7% climb in the week ending Feb. 9. Additionally, negative analyst sentiment may...
-
JPMorgan's Jamie Dimon And Other Bank CEOs Held Private Meeting Over Fintech Competition, Regulatory Burden In Davos: Report
Wednesday, January 17, 2024 - 11:34pm | 650CEOs of major banks, including JPMorgan Chase & Co. (NYSE:JPM) and Barclays PLC (NYSE:BCS), reportedly held a private meeting in Davos on Wednesday to discuss the challenges posed by fintech firms and stringent regulations. What Happened: The CEOs, who were in Davos for the World Economic Forum...
-
Nvidia Left Out, But These Chip Stocks Make The Cut As Barclays' Preferred Picks: 'There Isn't A Ton Of Low-Hanging Fruit At These Levels'
Wednesday, January 17, 2024 - 7:06am | 837Semiconductor stocks rallied sharply in 2023, with the sector among the best-performing S&P 500 sector classes. Against the backdrop, an analyst said on Tuesday he views the group as expensive on the 2024 estimates but remains positive about names levered to the “2nd Wave of AI.”...
-
Apple Suppliers See Share Price Drop As Barclays Downgrades iPhone Maker
Wednesday, January 3, 2024 - 8:38am | 629In a recent development, shares of Apple’s (NASDAQ:AAPL) suppliers took a hit following Barclays downgrade of the tech behemoth due to a potential decrease in product demand in 2024. What Happened: CNBC reported on Tuesday that the shares of suppliers associated with Apple in Asia experienced...
-
Alibaba's Cloud Business Spinoff Cancelation Sparks Mixed Reactions From Analysts
Monday, November 20, 2023 - 6:43am | 609The recent decision by Alibaba Group Holding Limited (OTC:BABAF) to cancel the spinoff of its cloud business was met with mixed responses from investors. What Happened: As reported by CNBC, Morgan Stanley scratched Alibaba from its top pick in the internet sector, pointing to the unexpected cloud...
-
Ford, GM, Stellantis Stocks Languish Amid UAW Strike — And Data Shows One Automaker's Woes Will Linger
Thursday, October 26, 2023 - 5:33am | 1166The striking United Auto Workers union has struck a tentative deal with Ford Motor Co. (NYSE:F), potentially lifting an overhang around Dearborn. The ongoing strike that started around mid-September brought some of the main manufacturing plants of Detroit’s “Big Three” to a...
-
Only A Stocks Crash Can Save Bonds Now, Says Barclays: 'There Is No Magic Level Of Yields'
Thursday, October 5, 2023 - 2:13am | 502Global bonds may continue to plummet unless a sustained decline in equities revives the allure of fixed-income assets, says Barclays Plc. Bloomberg reported these experts suggesting that the only scenario where bonds might rally significantly is if risk assets experience a sharp downturn...
-
Nvidia Stock Eyes Record Territory On Thursday: What's Powering The Rally?
Thursday, August 24, 2023 - 7:39am | 349Nvidia Corp. (NASDAQ:NVDA) shares rose solidly in premarket trading on Thursday after the Santa Clara, California-based chipmaker reported second-quarter earnings and revenue that notably exceeded expectations. More importantly, the company issued upbeat guidance, with the revenue estimate coming...
-
How Rivian Became Analysts' Darling: All Upsides Of Tesla, Minus The Risks?
Monday, July 31, 2023 - 2:04am | 743Rivian Automotive, Inc‘s (NASDAQ:RIVN) standing among sell-side firms has improved notably, particularly after the company reported its second-quarter deliveries. A slew of analysts upped their price target for the shares of the electric vehicle startup. An analyst, who announced...
-
Apple's iPhone 15 Pro Max May Hit Your Wallet Hard With $1,299 Price Tag
Thursday, July 27, 2023 - 2:03am | 656Apple Inc.’s (NASDAQ:AAPL) highly anticipated iPhone 15 Pro Max may come with a significantly higher price tag, with analysts suggesting it could reach up to $1,299. What Happened: According to Tim Long, an analyst at British bank Barclays, Apple...
-
Why Tesla Stock Is On Reverse Gear In Premarket Today
Monday, June 26, 2023 - 6:43am | 369Tesla, Inc. (NASDAQ:TSLA) shares moved to the downside in premarket trading on Monday. The immediate catalyst driving the downside is another rating downgrade suffered by the company. Goldman Sachs analyst Mark Delaney downgraded the stock from Buy to Neutral in a note released Sunday, Investing....