Summary: Wells Fargo has recruited a 17-person advisory team, the Canell Group, formerly managing $2 billion for J.P. Morgan Advisors in New York.
Full articleSummary: Chinese chip stocks surged after reports of Chinese government urging companies to stop using Nvidia's H20 chips in AI development to boost domestic market share.
Full articleSummary: Microsoft (NASDAQ:MSFT) remains a top-notch company with diverse revenue streams, competitive advantages, and strong growth prospects, especially in cloud services and AI. The company's high valuation is justifiable considering its quality and future growth potential.
Full articleSummary: Apple (AAPL) pulled out of talks for the next funding round for OpenAI while Nvidia (NVDA) and Microsoft (MSFT) are expected to participate, with Microsoft investing $1 billion.
Full articleSummary: Tesla is preparing to release its third-quarter delivery numbers with analysts projecting around 461,000 vehicles delivered. Wall Street analysts have become increasingly bullish about the electric vehicle maker's performance.
Full articleSummary: Morgan Stanley analyst downgrades JPMorgan Chase citing challenges related to potential interest rate cuts and limited upside compared to peers.
Full articleSummary: PayPal stock reached a new yearly high of $80.00 last week, showing promising prospects despite a failed initial attempt to surpass this mark. The company is expected to release its quarterly earnings in four weeks and has outperformed expectations compared to previous years.
Full articleSummary: Boeing factory worker strike in its third week with talks breaking off, Wall Street analysts lower targets for Boeing stocks due to strike costs
Full articleSummary: Alphabet-backed Aye Finance is in the final stages of its IPO process with a size in the range of ₹2,000-3,000 crore, likely to file the draft prospectus in 2-3 weeks. It has seen significant funding rounds and major investors include A91 Partners, Elevation Capital, and Falcon Edge Capital.
Full articleSummary: Morgan Stanley analysts report that lead times for Apple's iPhone 16 Pro and Pro Max models are stabilizing and extending, which is a positive development.
Full articleSummary: Raytheon, an RTX business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations. ESSM Block 2 offers increased maneuverability and improved performance over its predecessor, catering to the growing importance of self-ship and local area defense missions.
Full articleSummary: Ford is offering free home chargers and installation to buyers of EVs like Ford Mustang Mach-E, F-150 Lightning pickup truck, or E-Transit Cargo van from October 1 through year-end to address charging concerns and boost EV demand.
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