Shares of Peloton fell despite Bank of America maintaining a Buy rating and $9.50 price target, with the firm noting “plenty of catalysts not priced into shares.”
A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar.
The FDA Commissioner will issue vouchers that drug developers may redeem to participate in a program that will shorten its review time from about 10-12 months to 1-2 months after the company’s final drug application.
In an interview with CNBC, Eisman stated that the current tariff trajectory under Trump carries the risk of triggering a chain reaction that could become difficult to contain, similar to what occurred during World War I.
Investor preference tilted strongly toward the eurozone, emerging markets, and banks, while U.S. equities, the dollar, and energy ranked lowest, according to Bank of America's global fund manager survey.
Japan's SoftBank Group Corp. (OTC: SFTBY) is looking to raise $4.9 billion via a sizable overnight stake sale involving one of its highest-profile legacy holdings.
Shares of beauty products company Coty (NYSE:COTY) jumped 7% in the afternoon session after WWD (Women's Wear Daily) reported that the company is exploring a potential sale. Sources suggested the company was in the very early stages of discussions to potentially sell off its business in two parts, separating its luxury division from its consumer division. This report raised investor optimism about a potential valuation increase for Coty.
Analysts said the Helios rack will play a key role in driving growth for AMD’s Instinct GPUs, which power AI and high-performance computing workloads, and could accelerate the company’s broader recovery.
Bank of America Securities analyst Vivek Arya has reinstated its coverage of Allegro Microsystems (NASDAQ: ALGM) with a Buy rating and a price objective of $38 per share.
