Baird raises Caterpillar's price target to $805, citing robust order backlogs and earnings visibility fueled by surging demand for power systems from data centers and AI infrastructure.
Amazon has filed official notice of plans to cut 2,200 corporate roles in Seattle, continuing a trend that is visibly reshaping its historic headquarters footprint. The move comes despite strong recent financial performance and bullish analyst ratings, highlighting the company's intensified focus on cost efficiency and automation.
With the expiration of the New START treaty, the final pillar of formal nuclear arms control between Washington and Moscow has collapsed. Amidst deep geopolitical rifts and rapid technological change, experts warn the world is entering a perilous new phase without agreed limits on the world's largest arsenals.
Wilson Asset Management has liquidated its entire $4.16 million stake in BellRing Brands, the protein shake maker, following a near 70% decline in the company's share price over the past year. The exit highlights growing investor concern over margin compression and leadership transition.
As generative AI tools become go-to sources for financial queries, GOBankingRates put their forecasting skills to the test. We compare their inflation predictions with expert analysis to see where the algorithms align with reality—and where they miss crucial context.
UBS raises its price target on the defense and aerospace giant following strong quarterly results, citing improving demand across its Gulfstream, Combat, and Marine units. However, below-consensus guidance and margin pressures keep the firm's rating at Neutral.
Elon Musk touts a new dry electrode technique as a significant advance for lithium-ion battery production, promising lower costs, reduced environmental impact, and greater scalability for Tesla's energy and automotive divisions.
Baron Discovery Fund's latest investor letter spotlights Exact Sciences (EXAS) as a key contributor, buoyed by strong market adoption of its cancer screening tests and favorable industry dynamics, despite the fund's broader quarterly underperformance.
Siemens Energy announces a major $1 billion investment to scale up U.S. manufacturing and hire over 1,500 workers, responding to surging electricity demand driven by data centers, AI, and industrial electrification.
Cognex Corporation (CGNX) shares have shown recent strength, closing at $39.76. While the stock gained 7.7% over the past month, it remains down sharply over three and five-year horizons, presenting investors with a complex valuation puzzle amid shifting industrial automation trends.
Alberta is on the verge of transforming its online gambling landscape by opening the door to private operators, aiming to capture revenue from a thriving grey market and become Canada's second province with a competitive, regulated iGaming sector.
House Speaker Mike Johnson confronts a pivotal procedural vote Tuesday to end the partial government shutdown, navigating a razor-thin Republican majority and internal defiance despite former President Trump's directive against any changes to the funding measure.
Fortinet's latest upgrade to its FortiCNAPP platform integrates disparate cloud security tools into a unified, context-aware system, a strategic move watched closely by investors as the company vies for dominance in the crowded cybersecurity market.
Industrial supplies giant W.W. Grainger (NYSE:GWW) reported fourth-quarter revenue that edged past Wall Street forecasts, though earnings per share fell short of consensus. The company's outlook suggests a period of moderated growth ahead.
Pfizer reported a Q4 loss driven by steep declines in its COVID-19 vaccine and antiviral sales, while highlighting promising early data for a newly acquired GLP-1 weight-loss therapy as it seeks to diversify its revenue stream.
Mizuho Securities lowered its price target for Qualcomm, citing a weaker outlook for global smartphone shipments and increased competition. The firm projects a potential decline in handset production and pressures from rising memory costs.
Specialty materials maker ATI (NYSE: ATI) saw its shares surge after reporting fourth-quarter earnings that topped estimates, even as revenue came in slightly below Wall Street forecasts. The company pointed to strong demand in aerospace and defense as a key driver.
Merck & Co. reported solid fourth-quarter revenue growth driven by its blockbuster cancer drug Keytruda, but the pharmaceutical giant forecasts a slowdown in earnings growth as it absorbs billions in costs from recent acquisitions aimed at diversifying its pipeline ahead of Keytruda's patent expiration.
The building materials distributor sees its return on capital employed fall to 2.3%, significantly trailing the industry average, raising questions about its reinvestment strategy and growth trajectory.
Following the landmark sale of Versace, Capri Holdings reports a streamlined balance sheet and mixed quarterly results, as it pivots focus to reinvigorate its core luxury brands.
