Tesla Stock Is No Longer a Buy At Goldman Sachs; Shares Slip

Goldman Sachs analysts downgraded Tesla (NASDAQ:TSLA) stock to Neutral from Buy following a massive year-to-date rally in the electric vehicle (EV) maker’s stock. Still, they raised the price target to $248 per share from the prior $185, reflecting increased EPS estimates and a higher target multiple. The analysts remain positive on Tesla’s long-term growth potential […]

Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?

Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above […]

Stocks Rally Stalls, Eyes Powell Testimony For Rate Clues

Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad gauge of world stocks was steady, with Wall Street markets closed for the Juneteenth holiday. In Europe, the […]

Kim Kardashian seeks Secret of Private Equity Success As Rising Rates Bite

Reality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the Super Return industry event, saying she […]

Latest News