Tag: Paper Mills
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Avis’s stock gets ratings upgrade as demand for travel continues
[ad_1] Avis Budget Group Inc.’s stock got a ratings upgrade from analysts at Morgan Stanley, who said they moved to a “relatively more constructive view” of the rental-car industry amid ongoing heated demand for travel. The analysts, led by Adam Jonas, raised their rating on Avis’s CAR, +1.10% stock to the equivalent of buy from…
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The other ‘building block’ stocks, apart from Nvidia, that AI will drive higher.
[ad_1] Kneel to your king Wall Street. After forecasting record revenue backed by a “killer AI app,” Nvidia has teed up the Nasdaq COMP for a powerful Thursday open. Indeed, thanks to that chip maker and a few other generals — Microsoft, Apple, Alphabet, etc.— tech is seemingly unstoppable: Elsewhere, the Dow DJIA is looking…
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Norfolk Southern reaches deal with another union on paid sick leave
[ad_1] Norfolk Southern NSC, +0.55% said Thursday it reached an agreement on providing paid sick leave with a union representing more than 3,300 of its employees. The Brotherhood of Locomotive Engineers and Trainmen’s members will get up to seven paid sick days per year, according to a statement. It provides them with an additional five…
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George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla
[ad_1] George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The…
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Dow down 300 points as Disney sinks, regional-bank troubles reemerge
[ad_1] U.S. stocks were mostly lower on Thursday, with the Dow leading the way down as disappointing earnings from Disney weighed on the blue-chip index, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt ceiling default. How are stocks trading Major U.S. equity indexes are on…
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Big Tech has made earnings look better, but here come Disney and PayPal
[ad_1] Most of the first-quarter earnings blizzard has passed, and the results, overall, haven’t been as bad as expected — thanks in large part to the nation’s biggest tech companies: Apple Inc., Amazon.com Inc. and Microsoft. The S&P 500 index SPXhas largely moved sideways over the past few weeks, as markets try to stomach concerns…
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As Indiana plastics facility burns, questions rise over recycling-center safety
[ad_1] As the fire at an Indiana plastics-recycling storage facility burned into its third day Thursday and officials scrambled to calm evacuated residents and measure air quality, larger safety questions emerged across a nation that relies on recycling to help offset the impact of teeming landfills and littered waterways. Are recycling centers — challenging to…