Little Rock Business News
TikTok: time running out for Chinese apps seeking US online growth
This is a big week for Chinese-owned short video app TikTok. Chief executive Shou Zi Chew will testify before the US Congress on Thursday. The list of US lawmakers who back a ban of the popular app for national security reasons is growing. A ban would set a...
Exxon vs. Chevron? Goldman Sachs reveals its favorite — and other energy picks
Energy stocks dropped last week as oil prices fell to a 15-year low , with the banking crisis roiling markets. The energy sub-sector in the S & P 500 dropped 7% last week, although it has since regained some ground, rising more than 2% in Monday's session....
First Republic hires Lazard to explore options after share price tumbles
First Republic has hired investment bank Lazard to help it explore strategic options after the lender’s shares collapsed in the wake of the shuttering of Silicon Valley Bank. Lazard joins JPMorgan Chase in advising First Republic on potential options including...
BlackRock's Rieder says more volatility could 'play through the financial system'
BlackRock's Rick Rieder said it's not clear whether there are any additional shoes to drop in the banking system, but he does see some tightening of lending and that could hurt the economy. "When you move the funds rate up as much as it has, and the banks are...
UBS to enter talks with Michael Klein to terminate First Boston deal
UBS is set to enter talks with Michael Klein to unwind a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, according to people with direct knowledge of the matter.The negotiations, coming days after UBS...
US shares climb as regulators move to support banks
US stocks continued to advance by Tuesday afternoon as investors took heart from regulatory moves to contain the risk of contagion in the financial system and looked towards the Federal Reserve’s next interest rate decision.The blue-chip S&P 500 rose 0.7...
Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more
Image taken with a drone) A Tesla collision center is seen in this aerial view in Orlando.Paul Hennessy | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading Tuesday.Tesla — Shares popped 5% after Moody's upgraded Tesla to Baa3...
White Claw unveils branded vodka as it enters the spirits category
White Claw beverages on display during the 2022 Bar & Restaurant Expo and World Tea Conference + Expo at the Las Vegas Convention Center on March 22, 2022 in Las Vegas, Nevada.David Becker | Getty ImagesWhite Claw is moving into spirits amid an...
First Republic shares rebound as Yellen to signal backing for smaller lenders
First Republic bank shares rebounded on Tuesday after Janet Yellen was expected to signal a government backstop for smaller banks was at the ready if required. First Republic bank shares surged more 30 per cent in opening trade on Tuesday, paring some of the...
Here are Tuesday's biggest analyst calls: Apple, Meta, Harley-Davidson, Exxon, Amazon, Roblox & more
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley upgrades Meta to overweight from equal weight Morgan Stanley said it sees a more "structurally" disciplined company. " META' s structural pivot focusing on efficiency and ROIC, improving revenue...
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