For the first time in three years, capital raisings in the cannabis sector increased, according to Frank Colombo, general director of data analysis and investment banking at Viridian Capital Advisors. Colombo provided an overview of capital raising trends in the space on Tuesday at the Benzinga's Cannabis Capital Lecture. He …
The S&P 500 and Dow Jones Industrial Average hit all-time highs this week. A strong start to the third-quarter earnings season boosted both indexes, offsetting concerns about last month's unexpected rise in inflation. JPMorgan Chase & Co. JPM, Wells Fargo & Co. CFM, Bank of New York Mellon Corp. bk …
Tesla Inc.'s TSLA recent “We, Robot” event, which showed the Cybertaxi and RoboVanleft many wondering how this could affect the ridesharing space. If it weren't for Uber Technologies Inc. UBER For investors, the consensus among analysts appears to be that while Tesla's autonomous vehicle (AV) ambitions are bold, the near-term …
Friday's trading session saw another strong rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average hitting new all-time highs, boosted by better-than-expected third-quarter earnings from major U.S. banks. The S&P 500 surpassed 5,800 points, while the Dow Jones Industrial Average surpassed 42,800. Leading the charge were …
A notable rally in financial stocks boosted bullish sentiment across Wall Street on Friday, propelling both the S&P 500 and the Dow Jones Industrial Average to new record highs. Strong earnings from major U.S. banks helped lift the broader market, and investors shrugged off mixed economic data released earlier in …
When asked about CVS Health Corporation CVS on CNBC's “Mad Money Lightning Round” Jim Cramer He said, “I think there's real value here.” On October 10, Barclays analyst Andrew Mok upgraded CVS Health from equal weight to overweight and raised the price target from $63 to $82. Cramer also recommends …
US index futures are pointing to a modestly lower opening on Friday as traders await better news on the wholesale pricing front. Thursday's slightly better-than-expected consumer price inflation data kept sentiment subdued throughout the session before the major averages closed modestly lower. Following the inflation data, the managing partner of …
Major US stock indexes fell on Thursday following a higher-than-expected September Consumer Price Index (CPI) inflation report and as oil prices soared, driven by fuel disruptions caused by Hurricane Milton and rising tensions in the Middle East. The S&P 500 fell 0.2% from its all-time high set on Wednesday, while …
MercadoLibre Inc MELI It is expected to report its third quarter of 2024 in late October or early November. MercadoLibre operates online marketplaces dedicated to e-commerce and online auctions. Analysts estimate adjusted earnings per share of $10.55 on revenue of $5.25 billion, according to data from Benzinga Pro. Goldman Sachs …
A better-than-expected September Consumer Price Index (CPI) report has not changed the overall market narrative of continued disinflation, nor altered expectations of a possible interest rate cut in November. Headline inflation was slightly above forecasts. However, economists and Federal Reserve officials remain focused on the broader trend of cooling price …