HSBC says its time to move to the sidelines on Cisco Systems . The bank downgraded the network infrastructure stock to hold in a Thursday note and lowered its price target to $69 per share from $73. HSBC’s forecast implies about 0.4% downside from Thursday’s close. Analyst Stephen Bersey said Cisco’s “restocking party seems over”…
Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per this quarter, falling short of the $2.39 per share expected by LSEG. The company projected $6.7 billion in revenue, versus the $7.34 billion estimate. During…
A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company. “We’re all capitalists,” Luria, head of technology research at D.A. Davidson, said in an interview with CNBC’s “Squawk Box.” “We…
Doug McIntyre Soccer Journalist With the 2026 FIFA World Cup under a year away, all eyes will be on the upcoming English Premier League campaign, which kicks off today with a matchup between Liverpool vs. Bournemouth. The EPL is home to some of the biggest and brightest stars in world soccer, many of whom will…
UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange on April 21, 2025. Michael Nagle | Bloomberg | Getty Images Stock Chart IconStock chart icon UnitedHealth Friday Shares of UnitedHealth were down nearly 50% for 2025 through Thursday’s close before Buffett’s filing. The largest private health insurer has become the face…
Insurance firm Gallagher is tapping into a new kind of summer intern: professional athletes. Last year, the insurance giant expanded its internship program to offer positions to pro athletes, giving them a pathway to prepare for life after sports. In return, Gallagher discovered the stars also tend to shine off the field. “They know what…
London’s FTSE 100 touched a fresh record high on Friday – and some market watchers see more upside ahead for the long-maligned index, with U.S. tariffs, macroeconomic influences and outperformance in certain sectors sparking a widespread reassessment of U.K. equities. The U.K. index — home to some of the world’s most renowned companies, including AstraZeneca…
Milwaukee has been on an absolute heater lately. And with that, bettors who haven’t gotten on the Brewers’ bandwagon might want to consider doing just that. Milwaukee is on a 12-game winning streak. Their last loss was on July 30 to the Cubs. Just how good could the winnings have been had you consulted your…
DC Attorney General Brian L. Schwalb speaks during a DC Mayoral and Council swearing-in ceremony at the Walter E. Washington Convention Center on Monday January 2, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty Images Washington, D.C., Attorney General Brian Schwalb filed a lawsuit Friday challenging President Donald Trump’s unprecedented takeover…
People move through a crowded JFK International Airport days before the 4th of July holiday on July 02, 2024 in New York City. As the summer travel season takes off, millions of Americans and tourists are experiencing long delays and congestion at airports, train stations and on highways. July is the busiest month of travel…
