James Quincey, CEO of Coca-Cola, speaking on CNBC’s “Squawk Box” outside of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Gerry Miller | CNBC Coca-Cola is expected to report its fourth-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting the company to report, based on a survey of … Read more
UBS thinks investors have yet to appreciate the full benefits of Compass ‘ recently closed acquisition. The bank upgraded shares of the residential real estate broker to a buy rating from neutral. Analyst Chris Kuntarich simultaneously lifted his price target to $11 from $7. The revised price objective is approximately 49% above Monday’s close. Kuntarich … Read more
President Donald Trump’s steel and aluminum duties could boost shares of Steel Dynamics , according to KeyBanc. Analyst Philip Gibbs upgraded shares of the steel producer to overweight from sector weight. His price target of $155 represents 17% upside from Monday’s close. The rating change comes after Trump signed an executive order to impose a … Read more
Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025. Bloomberg | Bloomberg | Getty Images European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments … Read more
Musk’s $97.4 billion bid for OpenAI aims to ‘slow down a competitor,’ Sam Altman says PARIS — Elon Musk aims to “slow down a competitor” when the investor group he led put forward a $97.4 billion proposal for control of OpenAI, the company’s CEO Sam Altman told CNBC on Tuesday. Asked how seriously he is … Read more
Sen. Elizabeth Warren, D-Mass. Tom Williams | Cq-roll Call, Inc. | Getty Images Sen. Elizabeth Warren is urging the Federal Deposit Insurance Corporation to reevaluate the decision to rescind more than 200 job offers to bank examiners in the wake of President Donald Trump’s federal hiring freeze. The FDIC is already severely understaffed, which “threatens … Read more
US Senator and Republican vice presidential candidate J.D. Vance speaks to a Fox News reporter in the spin room after participating in the Vice Presidential debate with Minnesota Governor and Democratic vice presidential candidate Tim Walz hosted by CBS News at the CBS Broadcast Center in New York on October 1, 2024. Charly Triballeau | … Read more
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement … Read more
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The high-end fashion group, whose brands … Read more
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank’s M&A overtures. Net profit attributable to the group came in … Read more