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Stock market today: Tesla’s unexpected earnings boost sends its stock soaring, while tech sector challenges weigh down the market for the third consecutive day.

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Stock market today: Tesla’s unexpected earnings boost sends its stock soaring, while tech sector challenges weigh down the market for the third consecutive day.

U.S. stocks experienced a decline on Wednesday, extending the losing streak on Wall Street to three days as the market grappled with rising Treasury yields and disappointing earnings. However, after hours, Tesla’s stocks saw a surge following a better-than-expected earnings report, rising by more than 9%. Tesla announced plans to begin production on more affordable … Read more

Peloton’s valuation is overlooked, according to David Einhorn.

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Peloton’s valuation is overlooked, according to David Einhorn.

David Einhorn spoke at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Peloton’s shares surged over 11% on Wednesday following Greenlight Capital’s David Einhorn stating that the company’s shares are significantly undervalued, as reported by CNBC. Einhorn presented his case at the Robin Hood Investors Conference, although … Read more

IBM Stock Drops Despite Beating Q3 Earnings Expectations with Lower Revenue.

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IBM Stock Drops Despite Beating Q3 Earnings Expectations with Lower Revenue.

IBM (IBM) stock saw a decline late on Wednesday despite reporting better-than-expected third-quarter earnings. Although IBM’s revenue missed expectations, the company experienced strong growth in software sales, which was partially offset by weaknesses in consulting and infrastructure operations. IBM reported adjusted earnings of $2.30 per share on sales of $14.97 billion for the quarter ending … Read more

UniFirst anticipates modest growth in 2025 with record revenues, according to Investing.com

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UniFirst anticipates modest growth in 2025 with record revenues, according to Investing.com

We achieved record full-year revenues of $2.427 billion, marking an 8.7% increase from the previous fiscal year. Our fourth quarter revenues rose to $639.9 million, a 11.9% increase, with net income at $44.6 million. Adjusted EBITDA for the quarter increased to $95 million, up 32.5% year-over-year. Looking ahead to fiscal 2025, we project revenue to … Read more

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High demand for MBAs could have negative implications for the U.S. economy

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High demand for MBAs could have negative implications for the U.S. economy

A new report reveals a significant increase in student demand for MBA degrees. The number of total applications to U.S. MBA programs surged by 11% between 2023 and 2024, following two years of declines. The Graduate Management Admissions Council (GMAC) released the survey showing this uptick. Full-time MBA programs experienced the most growth in the … Read more

Stocks recommended by BMO Capital Markets for both presidential election scenarios

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Stocks recommended by BMO Capital Markets for both presidential election scenarios

BMO Capital Markets recently released its 2024 election guide, analyzing how different sectors of the stock market may be impacted depending on the outcome of the White House race. The firm focused on factors such as tariffs, regulation, immigration, taxation, and socially conscious business frameworks. While they are not predicting the election outcome, BMO shared … Read more

Today’s Stock Market Update: Dow Jones Plunges, Boeing Declines Before Crucial Vote; Warren Buffett’s Investment Alert Issued (Live Updates)

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Today’s Stock Market Update: Dow Jones Plunges, Boeing Declines Before Crucial Vote; Warren Buffett’s Investment Alert Issued (Live Updates)

The Dow Jones Industrial Average experienced a decline on Wednesday, with McDonald’s (MCD) facing challenges due to an E. coli outbreak. Boeing (BA) also saw a drop in its stock price, while Trump Media & Technology (DJT) managed to reclaim a key benchmark. Warren Buffett, the CEO of Berkshire Hathaway (BRKB), issued a cautionary message … Read more

Evercore ISI raises Vertiv’s target following robust quarterly performance

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Evercore ISI raises Vertiv’s target following robust quarterly performance

Evercore ISI has raised its price target for Vertiv Holdings Co. (NYSE: VRT) to $135.00 from $125.00, maintaining an Outperform rating on the stock. The firm noted Vertiv’s strong performance in the September quarter, with revenues and earnings per share (EPS) surpassing market expectations. Vertiv reported revenue of $2,074 million and EPS of $0.76, beating … Read more

Boeing Chief Blames ‘Serious Performance Lapses’ for $6 Billion Loss

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Boeing Chief Blames ‘Serious Performance Lapses’ for Billion Loss

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing has reported a $6 billion loss for the third quarter and has stated that it will continue to experience financial difficulties next year. The new chief executive, Kelly Ortberg, has warned that the company … Read more