Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts
Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.
News
Disney stock jumps as earnings, streaming profit, and guidance top estimates
Disney reported fiscal fourth quarter earnings that beat expectations on both the top and bottom lines as its streaming business swung to a profit.
China Copper Buyers Cut Annual Contracts With Market in Flux
(Bloomberg) -- China’s copper importers are reining in the amount of tonnage they buy through annual supply negotiations, once a bellwether for the global metal market, and opting for spot supplies instead.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndNYC Congestion Pricing Plan With $9 Toll to Start in JanuarySaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural
GSK Raises Prospects For Withdrawn Blood Cancer Drug Blenrep To Return To US Market - Here's Why
On Thursday, GSK plc (NYSE:GSK) released headline results from a planned interim analysis of the DREAMM-7 head-to-head phase 3 trial of Blenrep (belantamab mafodotin) in combination with bortezomib plus dexamethasone (BorDex) as a second-line or later treatment for relapsed or refractory multiple myeloma. The trial met the key secondary endpoint of overall survival (OS), showing that belantamab mafodotin when combined with BorDex significantly reduced the risk of death versus standard of care da
What Is Plug Power's Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth
Analysts revised the price target or estimates on Plug Power, Inc. (NASDAQ:PLUG) after the company reported weak third-quarter results and provided FY25 guidance. On Wednesday, Plug provided its financial outlook for 2025, projecting revenue between $850 million and $950 million (street view: $1.185 billion). Looking further ahead, the company aims for a target revenue of approximately $3.75 billion by 2030. Also this week, Plug Power reported third-quarter revenue of $173.73 million, which miss
Stocks trade lower. Movers: American Airlines, Cisco, Disney, more
Here are the stocks making the biggest market moves midday.
Campbell Soup Rao's Brand Growth Strong And US Sales Trend Improving, Analyst Upgrades Stock
Piper Sandler analyst Michael S. Lavery upgraded Campbell Soup Company (NASDAQ:CPB) to Overweight from Neutral, raising the price forecast from $47 to $56. The analyst upgraded Campbell Soup due to improved long-term growth prospects from its Rao’s brand and better sales trends in the U.S. (excluding SOVO brands). Despite better trends, the stock has had a 15% pullback since mid-September. The analyst sees this as a good buying opportunity. Lower steel costs (down 25%) and secured contracts for