Shares of Walgreens Boots Alliance Inc. WBA, +0.49% rallied 1.6% in premarket trading Friday, after J.P. Morgan turned bullish on the drugstore chain and healthcare services company, citing expected benefits Read more
Tag: citing
CSX, Norfolk Southern stocks sink to near 2-year lows after UBS downgrades, citing a ‘deteriorating’ outlook
Shares of CSX Corp. and Norfolk Southern Corp. both sank toward the lowest levels in nearly two years Tuesday, after UBS analyst Thomas Wadewitz backed away from his long-time bullish Read more
OPEC cuts 2022 oil demand-growth forecast, citing COVID, geopolitical worries
The Organization of the Petroleum Exporting Countries on Thursday cut its forecast for oil-demand growth in 2022, citing expectations for a resurgence of COVID-19 restrictions and continued geopolitical ructions. In Read more
China slaps $1.2 billion fine on ride-hailing giant Didi, citing cybersecurity breaches — WSJ
SINGAPORE–Chinese authorities fined ride-hailing company Didi Global Inc. the equivalent of about $1.2 billion, bringing an end to a year-long investigation into the company’s cybersecurity practices. The Cyberspace Administration of Read more
GM issues earnings warning citing supply chain disruptions, stock halted for news
General Motors Co. GM, -5.05% warned Friday of a second-quarter earnings shortfall, as vehicle wholesale volumes were hurt by the timing of semiconductor shipments and other supply chain disruptions. The Read more