Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls
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- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Volkswagen investors return to criticizing CEO’s dual roles
December 16, 2022 2:14 PM ESTVolkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More
Amazon (AMZN) falls as bull cuts AWS numbers
December 16, 2022 12:27 PM ESTAmazon (NASDAQ: AMZN) shares fell 1.5% Friday, modestly underperforming today's market swoon, following a number cut by bullish analyst Doug Anmuth from JP Morgan.
Anmuth, who continues to rate shares at Overweight, trimmed 2023 estimates due to AWS softness and lowered his price target to $130 from $145 - suggesting 47% upside to... More
US opens probe into GM’s Cruise robotaxi braking, blocking traffic
December 16, 2022 12:20 PM ESTThe National Highway Traffic and Safety Association has opened a probe into General Motors (NYSE: GM) Cruise robotaxi company to investigate reports that the autonomous vehicles may brake too quickly or unexpectedly stop, potentially stranding passengers.
The agency also has multiple reports of the Cruise robotaxis without human safety drivers becoming immobilized in San Francisco traffic. The reports of immobilized vehicles came from... More
