Shares of financial services company Robinhood (NASDAQ:HOOD) fell 5.3% in the morning session after Wolfe Research analysts downgraded the stock's rating from Buy to Hold, citing valuation concerns. The analysts added, "Since our June upgrade, key drivers underpinning our upside (bull) case have largely played out and are now reflected in the current valuation / share price."
Shares of homebuilder Tri Pointe Homes (NYSE:TPH) fell 8.8% in the afternoon session after the company reported weak fourth-quarter results: Backlog fell sharply, down 35% in units and 28% in dollar value, raising concerns about future growth. Management blamed "elevated mortgage rates" for the weakness. On the other hand, sales and EBITDA came in ahead of expectations during the quarter. Looking ahead, management remains optimistic about 2025, citing early signs of demand recovery. Overall, thi
Nike is joining forces with reality TV star Kim Kardashian's shapeware and clothing brand in an effort to get more women to purchase Nike products.
DETROIT (Reuters) -Some middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley's latest attempt to cut the automaker's bloated costs, according to six people familiar with the matter. Around 1,650 middle managers out of 3,300 globally will not get stock bonuses, according to a person familiar with the discussions. The stock awards are usually paid in March, but senior managers have been told to select which half of their middle management staff will receive them, four of the sources said.
(Bloomberg) -- Crypto custody firm BitGo Inc. has launched a global over-the-counter trading desk for digital assets amid its plan to go public. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe expansion comes as demand for cryptocurrencies from institutio
(Bloomberg) -- Many of the banks that helped Venture Global Inc. go public now see the liquefied natural gas exporter’s stock price languishing even more from its already scaled back launch.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegThe Arlington, Virgin
Major U.S. indexes wavered between gains and losses at midday Tuesday ahead of fresh economic data due later in the week.
Bitcoin and Ether face headwinds while XRP has multiple tailwinds.
(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said policy needs to remain restrictive until there’s more progress on inflation, which she expects will continue declining over time.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private Winnipeg“At
Roughly eight out of 10 CFOs plan to boost spending on generative AI and other technologies this year, Gartner found in a survey.
