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Wall Street Bullish on L3Harris Technologies, Inc. (LHX) Despite Price Target Cuts
Insider Monkey101d agobearish
Wall Street Bullish on L3Harris Technologies, Inc. (LHX) Despite Price Target Cuts

L3Harris Technologies, Inc. (NYSE:LHX) is among the 9 Best Drone Stocks to Buy According to Wall Street Analysts. As of the close of business on May 8, the stock is a Strong Buy with an average share-price upside potential of 30%. This is despite recent price target reductions following first-quarter financial results. On May 4, […]

North American EV Demand Drops Sharply Despite Rising Global Sales, Iran War
Benzinga101d agobearish
North American EV Demand Drops Sharply Despite Rising Global Sales, Iran War

EV demand across the globe surged in April as steep gas prices and uncertainty over the Iran war continued to drive a shift in consumer perception of internal combustion engine (ICE) vehicles. EVs Decline In North America, Europe Posts Gains Despite an uptick in registrations for EVs and plug-In Hybrid Electric Vehicles (PHEVs), Benchmark Mineral Intelligence data, cited by Reuters on Tuesday, showcased a 28% decline in registrations across North America to 120,000 units in April. Global registr

Walmart Cuts Hundreds Of Corporate Jobs As AI-Driven Efficiency Push Accelerates: Report
Benzinga101d agobearish
Walmart Cuts Hundreds Of Corporate Jobs As AI-Driven Efficiency Push Accelerates: Report

Walmart Inc. (NYSE:WMT) will eliminate or relocate 1,000 corporate workers as part of its plan to combine its global technology and product teams to boost efficiency. According to the Wall Street Journal report, the shift is tied to a broader effort to tighten internal coordination and place more teams inside the company's main office locations. Job Restructuring Plan A memo from Daniel Danker, head of global AI acceleration, and Suresh Kumar, head of global technology, said some groups were tac

Elon Musk's Tesla Launches Affordable Financing Plan After Dropping Out Of China's Top EV 10 Makers
Benzinga101d agobearish
Elon Musk's Tesla Launches Affordable Financing Plan After Dropping Out Of China's Top EV 10 Makers

Tesla Inc. (NASDAQ:TSLA) has dropped out of the top ten EV companies in the Chinese domestic market as the Elon Musk-led EV giant’s retail sales fell in April. Tesla Drops Out Of Top 10 In a report by CnEVPost on Tuesday, citing the China Passenger Car Association (CPCA) data, BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), Geely Automobile Holdings Ltd. (OTC:GELHY) (OTC:GELYF), Changan, Stellantis NV-backed (NYSE:STLA) Leapmotor and Xiaomi Corp. (OTC:XIACF) (OTC:XIACY) made up the top five new energy veh

Stock Market Today: Dow Jones Futures Fall, S&P 500 Gains As Trump Takes Big Tech Leaders To China—Nvidia, Nextpower, Red Cat In Focus
Benzinga101d agobearish
Stock Market Today: Dow Jones Futures Fall, S&P 500 Gains As Trump Takes Big Tech Leaders To China—Nvidia, Nextpower, Red Cat In Focus

U.S. stock futures were mixed on Wednesday after Monday’s mostly lower close. Dow Jones futures fell, whereas S&P 500 and Nasdaq 100 indices were rising. This follows President Donald Trump‘s visit to China along with Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang, Tesla Inc.‘s (NASDAQ:TSLA) Elon Musk, Apple Inc.’s (NASDAQ:AAPL) Tim Cook, BlackRock Inc.‘s (NYSE:BLK) Larry Fink, and Qualcomm Inc.‘s (NASDAQ:QCOM) Cristiano Amon. Before leaving, Trump said on Tuesday that Americans' financial struggle

State Street Takes 5% Nike Stake As Tariff Lawsuits Cloud Outlook
Simply Wall St.101d agobearish
State Street Takes 5% Nike Stake As Tariff Lawsuits Cloud Outlook

State Street Corp has disclosed a passive 5% stake in NIKE (NYSE:NKE), signaling a significant holding by a major institutional investor. Nike is facing ongoing and escalating consumer lawsuits tied to tariff-related price increases, following a Supreme Court ruling that invalidated certain tariffs. Plaintiffs claim Nike did not refund tariff-linked price increases after the ruling, creating potential legal, operational, and brand challenges. Nike, through its NIKE and Jordan brands, is a...

Bloomberg101d agobearish
Oil Inventories Falling at Record Pace on Iran War, IEA Says

(Bloomberg) -- Oil inventories are falling around the world at a record pace and will continue to drop for months as the disruption to Middle East supplies from the Iran war intensifies, according to the International Energy Agency.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home Reve

S&P 500 Falls From Record High Following Inflation Report: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone
Benzinga101d agobearish
S&P 500 Falls From Record High Following Inflation Report: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the S&P 500 falling from a record high during the session after a hotter-than-expected April inflation report consolidated worries that the Federal Reserve will not cut interest rates this year. Headline Consumer Price Index accelerated to 3.8% year-over-year in April from 3.3% prior, the highest reading si

Siemens Aktiengesellschaft Q2 Earnings Call Highlights
MarketBeat101d agobearish
Siemens Aktiengesellschaft Q2 Earnings Call Highlights

Siemens Aktiengesellschaft (ETR:SIE) reported higher orders, revenue growth and stronger free cash flow in its fiscal second quarter, while management said geopolitical uncertainty and currency headwinds remain key risks for the rest of the year. Chief Executive Roland Busch said Siemens continued

Evaluating Meta Platforms (META) Valuation As Scam Lawsuit Targets AI Driven Advertising Model
Simply Wall St.101d agobearish
Evaluating Meta Platforms (META) Valuation As Scam Lawsuit Targets AI Driven Advertising Model

Santa Clara County’s civil lawsuit against Meta Platforms (META) puts the company’s core advertising model under legal scrutiny, raising fresh questions for investors about AI driven monetization, regulatory risk, and future compliance costs. See our latest analysis for Meta Platforms. At a share price of US$603.00, the stock is down 4.3% over the past month and 7.3% year to date. The 3 year total shareholder return of about 1.5x suggests earlier AI optimism is now meeting heavier scrutiny as...

Assessing Ford Motor (F) Valuation After F 150 Recall Oakville Retooling Support And Upcoming Unifor Talks
Simply Wall St.101d agobearish
Assessing Ford Motor (F) Valuation After F 150 Recall Oakville Retooling Support And Upcoming Unifor Talks

Ford Motor (F) is back in focus after a large F 150 recall, fresh government support for retooling its Oakville plant, and upcoming Unifor labor talks that could reshape future truck production and costs. See our latest analysis for Ford Motor. Ford’s share price has softened over the past quarter, with a 90 day share price return down 13.43% and a year to date share price return down 10.12%. At the same time, the 1 year total shareholder return of 18.69% points to longer term momentum that...

Meta Lawsuit Puts Scam Ads And Meta Platforms Valuation In Focus
Simply Wall St.102d agobearish
Meta Lawsuit Puts Scam Ads And Meta Platforms Valuation In Focus

Santa Clara County filed a civil lawsuit accusing Meta Platforms (NasdaqGS:META) of knowingly enabling and profiting from scam ads on Facebook and Instagram. The case alleges Meta leveraged its AI tools to facilitate fraudulent advertising that targeted vulnerable users and small businesses at scale. The lawsuit seeks broad legal remedies and claims Meta limited enforcement against scam advertisers to protect ad revenue. For anyone following Meta Platforms, this case goes straight to the...

What Intuitive Surgical (ISRG)'s FDA Class I Recall and Institutional Selling Mean For Shareholders
Simply Wall St.102d agobearish
What Intuitive Surgical (ISRG)'s FDA Class I Recall and Institutional Selling Mean For Shareholders

In recent months, Intuitive Surgical has faced FDA Class I recalls on certain da Vinci stapler components and visible institutional selling, reflecting elevated concern around product safety and regulatory scrutiny despite earlier strong quarterly results. These developments coincide with ongoing competition in surgical robotics and highlight how regulatory risk and large investor behavior can quickly influence perceptions of an otherwise growing, cash-generative business model. We’ll now...

Paramount defends Warner bid amid California probe
AFP102d agobearish
Paramount defends Warner bid amid California probe

Paramount Skydance has defended its attempt to buy the legendary Warner Bros. studio, in a letter to California's top lawyer whose office is probing the $110 billion bid, US media reported Tuesday.Combined, Paramount and Warner Bros.

Waymo recalls thousands of robotaxis for surprising reason
TheStreet102d agobearish
Waymo recalls thousands of robotaxis for surprising reason

On April 20, an unoccupied Waymo robotaxi encountered a flooded section of road in San Antonio during extreme weather. Instead of stopping, it slowed down and kept going. The vehicle was swept into Salado Creek. It had to be recovered from the waterway days later. Ten days after that incident, ...