Tech-focused private equity firm Francisco Partners raises fresh $17 bln for deals
[ad_1] Francisco Partners Management LP said Tuesday it has $23 billion to invest in the technology sector including $17 billion for two new private equity funds and $6 billion in…
Citi upgrades JPMorgan to buy from neutral ahead of Thursday’s earnings
[ad_1] Citi analyst Keith Horowitz on Tuesday upgraded JPMorgan Chase & Co. JPM, +0.10% to buy from neutral and cut his price target on the stock to $135 a share…
Designer Brands invests in Le Tigre, part of plan to double portfolio sales by 2026
[ad_1] Designer Brands Inc. DBI, -0.23% announced Tuesday that it has signed a licensing agreement and taken an investment in Le Tigre, part of its plan to grow its Owned…
Fortinet stock price target raised at Wedbush, citing stock split and increasing cyber threats
[ad_1] Wedbush raised its Fortinet Inc. stock price to $76 from $68 on Tuesday, citing the cybersecurity company’s recent stock split and an increasingly complex cyber threat environment. “While a…
Starbucks Pickup with Amazon Go to open second location on Tuesday
[ad_1] A second Starbucks Pickup with Amazon Go location will open on Tuesday in the New York Times building in Midtown, Amazon.com Inc. AMZN, -2.26% announced. The first Starbucks Pickup…
UPDATE: Canoo shares soar premarket after Walmart orders 4,500 electric delivery vehicles plus option for up to 10,000 more
[ad_1] Walmart Inc. WMT, -0.30% said Tuesday it is purchasing 4,500 all-electric delivery vehicles from Canoo Inc. GOEV, +53.16% for use in last-mile delivery. The news sent shares of Canoo…
Spanish bank stocks fall after government announces plans for temporary tax
[ad_1] Spanish banks fell sharply on Tuesday after the Spanish government reportedly announced a temporary tax on financial institutions and power companies to help individuals cope with high inflation and…
EIA cuts WTI, Brent oil-price forecasts, lowers 2022 natural-gas price outlook
[ad_1] The Energy Information Administration reduced its 2022 and 2023 price forecasts for U.S. and global crude-oil benchmarks, and cut its estimate for this year’s natural-gas prices, according to the…
Deepening inversion of Treasury yield curve is `getting harder to dismiss’
[ad_1] For a sixth straight trading session, the U.S. bond market sent out one of its most reliable recession signals as the 2-year rate continued to trade above its 10-year…
Corn futures poised for first decline in 5 sessions; USDA raises domestic production estimate
[ad_1] Corn futures declined on Tuesday, heading for their first decline in five sessions, after the U.S. Department of Agriculture raised its domestic production estimate for the 2022/2023 marketing year…
Union Pacific, Norfolk Southern stocks drop after JPMorgan downgrades, citing recession risks
[ad_1] Shares of Union Pacific Corp. UNP, -1.61% sank 1.6% and Norfolk Southern Corp. NSC, -1.42% dropped 0.8% in midday trading Tuesday, after JPMorgan analyst Brian Ossenbeck downgraded both railroad…
ServiceNow shares drop 12% after CEO warns of fierce macro headwinds in interview
[ad_1] ServiceNow Inc.’s stock tumbled 12% on Tuesday following an interview in which its chief executive, Bill McDermott, warned of some serious macro headwinds. “You’re at 41-year high inflation. The…
Google plans to scale back hiring this year: report
[ad_1] Joining a long list of tech firms, Alphabet Inc.’s Google intends to reduce hiring for the rest of 2022 with the threat of recession, company Chief Executive Sundar Pichai…
Dow ends nearly 200 points lower as stocks fall ahead of inflation reading
[ad_1] Stocks ended lower Tuesday, losing ground in afternoon trade as investors appeared reluctant to hold equities ahead of the release of an eagerly anticipated June consumer price index reading.…
StitchFix stock rallies as Bill Gurley hikes stake by a million shares
[ad_1] StitchFix Inc. SFIX stock got a quick fix late Tuesday after Benchmark Capital’s Bill Gurley reported buying a million shares of the stock. StitchFix shares rallied 8% after hours,…
API data reportedly show weekly increases for U.S. crude, gasoline and distillate supplies
[ad_1] The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.8 million barrels for the week ended July 8, according to sources. The API data also…
Rivian planning workforce reductions, hiring halts: WSJ
[ad_1] Rivian Automotive Inc. is readying a cost-cutting plan that includes workforce reductions and halting nonmanufacturing hiring, The Wall Street Journal reported Tuesday. The publication cited an internal letter from…
Google countersues Match, seeking its ouster from app store
[ad_1] Alphabet Inc.’s Google GOOGL, -0.45% GOOG, -0.40% has countersued Match Group Inc. MTCH, -1.07% for breach of contract, and wants the dating-app company banned from its Google Play app…
Gold down a second session, holds ground at lowest since September
[ad_1] Gold futures posted a loss for a second straight session on Tuesday, holding ground at their lowest finish since late September of last year. “The precious metal has been…
Stocks to watch: Oracle, Smith & Wesson, Family Dollar
[ad_1] SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar…
Wisconsin Energy, Oracle, GE are stocks to watch
[ad_1] NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for…
Boeing stock jumps nearly 8% after maker’s commercial-jet deliveries rise more than 50% in Q2
[ad_1] Boeing Co. BA, +8.13% said Tuesday it delivered 121 commercial aircraft in the second quarter, 53% more than the 79 commercial jets it delivered in the second quarter of…