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The Latest Breaking News from Bernstein

Chevron Stock Upgraded After Mega Acquisition While Shell Bucks This Q3 Oil Major Trend

Chevron stock was handed a slew of price target revisions this week after earnings and its deal for Hess.

Investors Business Daily

Boeing Earnings: Dow Aerospace Giant Volatile After Backing Cash Flow Targets

The Dow aerospace giant's smaller Q3 loss missed views But Boeing backed cash-flow targets. Boeing stock was up and down.

Investors Business Daily

Tesla Stock Growth Story Undercut By Earnings Skid, Cybertruck Outlook

Analysts cut Tesla stock price targets Thursday after third-quarter earnings.

Investors Business Daily

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Apple could lose big if Google loses DOJ antitrust case

New estimates show that Apple could lose billions if Google loses its Department of Justice antitrust case.

The Street

Apple’s Lesser-Known Revenue Stream Surges With Google Deal

Apple's agreement with Google as default search engine could face jeopardy, raising potential for new search options.

Zenger

Are investors bored of Bitcoin? Its 90-day volatility is now the lowest since 2016

Bitcoin's low volatility is leading more short-term investors to prioritize traditional markets.

Fortune

Stablecoins Will Create ‘The New Bedrock For How Finance Moves Around,’ Says Archblock’s Bill Wolf

The Chief Information Officer at Archblock, believes that stablecoins are set to revolutionize the financial landscape

Zenger

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Markets Today: Stocks Fall on Negative Carryover from China’s Debt Crisis

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.15%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.14%. Stock indexes this morning gave up an overnight advance and are modestly lower. Higher T-note yields this morning are a bearish factor for stocks. Also,...

Barchart

China is Now Home to 40% of All Arm Servers: Report

China uses more Arm-based servers than any other country, according to Bernstein.

Tom’s Hardware

SEC likely to change its tune on spot Bitcoin ETF, according to Bernstein

The regulator has received applications to create a spot Bitcoin ETF from several TradFi players including Fidelity and BlackRock.

Fortune

Tesla Sales Soar, But Analyst Forecasts Challenging Business Conditions

Tesla hasn't launched any new models in a long time, which could impede its growth, as per Bernstein analyst

InsideEVs

Alphabet's downgrade double-whammy

In a downgrade double-whammy, UBS AG and Bernstein both warned that generative A.I. represents a near-term threat to Google search ad revenue and its profit margins.

Fortune

Is Amazon.com (AMZN) a Good Buy for the Week?

Amazon.com (AMZN) is venturing out into new avenues with an aggressive expansion strategy. Would it be wise to invest in the e-commerce giant now? Let’s look at its financial metrics to know more….

StockNews.com

Amazon Web Services Playing Catch-Up In Generative AI

A Wall Street analyst on Thursday raised his price target on Amazon stock on improving prospects for AWS in generative AI.

Investors Business Daily

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The Street

Bud Light Is Set to Lose a Big Chunk of Its Business Permanently

But that doesn't mean the stock isn't attractive, according to Bernstein analysts.

Windows Central

PC market might return to normal this year analyst says noting Intel and AMD reports

The PC market has taken a dive in recent years, but it's looking like things could look "less ugly" by end of year.

Salon

Is the grocery industry broken?

In a world where we're forced to choose between monopolies, it becomes apparent that the grocery industry is broken

InsideEVs

Here's How Tesla Aims To Cut Manufacturing Costs In Half

Tesla hopes to increase its production numbers even more than it has in the last few years, and ultimately reduce its manufacturing costs in the coming decade.

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news in one place.

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The Guardian - UK

British Gas owner expected to reveal record profits of £3bn

Britain’s largest energy supplier only recently ended its much-criticised forced installation of prepayment meters

Investors Business Daily

Dow Jones Falls 200 Points With 8 Key Earnings Movers; Microsoft Earnings Due

The Dow Jones Industrial Average fell 180 points Tuesday as J&J and Verizon reported earnings. Microsoft earnings are due out after the stock market close.

Zenger

Tesla Sharply Lowers EV Prices In US: You Can Now Own A Model 3 For Little Under $36,500

Tesla Inc

Los Angeles Times

Hollywood school took 8 hours to find teen overdose victim in bathroom, mother's lawsuit alleges

LOS ANGELES — Melanie Ramos was missing for eight hours before she was found dead of suspected fentanyl poisoning in a Hollywood school bathroom this year, the 15-year-old's mother and her lawyers said Wednesday in announcing a lawsuit against the Los Angeles Unified School District.

Financial Times

The week that could unravel the global oil market

As western countries prepare to impose a price cap on Russian crude, many of the industry’s norms are being undermined

The Independent UK

Italian EV startup takes on US, Chinese rivals with design

A new fully electric vehicle startup in Italy is challenging U.S. and Chinese rivals with “Made in Italy" design

Benzinga

Meta Platforms To $200? These Analysts Slash Price Targets On Meta Following Q3 Results

Meta Platforms, Inc. (NASDAQ: META) reported worse-than-expected Q3 EPS and issued Q4 revenue guidance with a midpoint below estimates. The company also guided FY23 expenses of $96 billion to $101 billion. Meta Platforms shares dropped 22.1% to $101.20 on Thursday.

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