Midday movers: FedEx soars; Nike, Lululemon and Tesla fall

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Apple-Baidu AI cooperation likely 'driven by regulatory concerns' - Citi

March 26, 2024 10:11 AM EDT

Citi analysts said in a note Tuesday that Apple's (NASDAQ: AAPL) reported cooperation with Baidu (NASDAQ: BIDU) on AI is mostly driven by regulatory concerns.

Yesterday, WSJ reported Apple is set to use Baidu's... More

'Tesla may be witnessing price-cut fatigue with consumers' - Morgan Stanley

March 25, 2024 9:42 AM EDT

Morgan Stanley maintained an Overweight rating on Tesla (NASDAQ: TSLA) in a note Monday but said it thinks the electric vehicle giant "may be witnessing price-cut fatigue with consumers."

The firm, which also maintained a $320 per share price target on the... More