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S&P cuts Renault bonds to "junk" and downgrades outlook on PSA
Credit rating agency Standard & Poor's (S&P) delivered downgrades on Thursday to France's top car companies Renault and PSA , cutting Renault's bonds to 'junk' status due to the impact of the new coronavirus......»»
Don"t Panic - Moody"s Cuts Outlook On U.K. Credit Rating
Don"t Panic - Moody"s Cuts Outlook On U.K. Credit Rating.....»»
Novozymes cuts outlook on weakness in U.S. ethanol, agriculture parts
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
PNM Resources Cuts Outlook Amid Service Territory Weakness
PNM Resources (NYSE: PNM) revised its second-quarter consolidated ongoing earnings guidance (a non-GAAP financial measure) due to milder temperatures in New Mexico. read more.....»»
EU commission cuts growth outlook over trade pressures
The European Union's executive commission has trimmed its forecast for eurozone growth this year and next as uncertainty over trade conflicts and continued weakness in the auto industry hold back output......»»
The Ratings Game: Intel’s stock on track for worst day in more than a decade as data-center weakness debated
Intel Corp.’s stock plummets, on track for its worst day in more than a decade Friday after the chip giant cuts its outlook for the quarter and year to “cautious†levels......»»
Baird Cuts Micron Price Target On Softening Memory Market
The NAND and DRAM markets are showing signs of weakness, and one Wall Street analyst is dialing back his bullish outlook for Micron Technology, Inc. (NASDAQ: MU)......»»
Moody"s cuts Italy"s credit rating one notch; stable outlook
Moody's Investors Service downgraded Italy's sovereign debt rating by one notch to Baa3 late on Friday, leaving it one .....»»
IMF cuts global growth outlook, cites trade war and weak Europe
The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy......»»
AMD, Micron and Intel shares sink after Nvidia cuts revenue and gross margin guidance
Semiconductor stocks took a premarket dive Monday, after Nvidia Corp. cut its fourth-quarter revenue and gross margin outlook, citing weakness in its gaming and datacenter businesses.....»»
The stock market can rise another 13% this year even with a dwindling rate-cut outlook, Fundstrat"s Tom Lee says
The S&P 500 could end the year at 5,700 even if the outlook for Fed rate cuts doesn't brighten, Fundstrat's Tom Lee says. Specialist Geoffrey Friedman reacts to the Dow Jones industrials average passing 17,000 on the floor of the New York Stock E.....»»
Bridge Collapse: Moody"s Cuts Maryland Transportation Authority"s Debt Outlook To Negative
Bridge Collapse: Moody's Cuts Maryland Transportation Authority's Debt Outlook To Negative The fallout from the Port of Baltimore bridge.....»»
Lordstown Motors sinks 19% as the electric vehicle maker cuts production outlook and seeks more funding
Lordstown forecast that production of its Endurance truck this year would be "at best" 50% of its previous expectations. The Endurance truck wit.....»»
Sutter Health bond ratings downgraded by credit rating agencies
Added turbulence from the coronavirus pandemic has worsened the forecast for Sutter Health’s long-term financial outlook......»»
Futures Movers: Oil ends lower on renewed global growth fears, but tallies a monthly gain
Oil futures finish lower on Friday, with weakness tied to some worries over the global economic outlook, but prices tallied weekly, as well as monthly gains......»»
HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal
Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. REUTERS/ Bobby Yip HSBC posted a 79% jump in Q1 pre-tax profit that beat analyst expectati.....»»
Cathie Wood Buys Peloton, Coinbase Dips, Cuts Nvidia Stake
Cathie Wood-led Ark Investment Management on Monday snapped up shares of the exercise bike maker Peloton Interactive Inc (NASDAQ: PTON) amid weakness related to a U.S. read more.....»»
Wells Fargo execs bullish on economy, as bank continues to navigate expenses
Executives at Wells Fargo & Co. are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»
Wells Fargo execs bullish on economy, bank continues to navigate expenses
Executives at Wells Fargo are bullish on the economy moving into the rest of 2021. Driving that outlook is increased consumer spending and promising credit quality largely due to federal assistance......»»
Credit Suisse cuts employee bonuses following $4.7B Archegos loss, FT reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»