Business

Wall Street bullish on 3 Club stocks on Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were investigated by Wall Street on Wednesday. Here is the latest analyst commentary on these Club holdings, along with our take. Apple analysts say: Baird cut its estimate for iPhone manufacturing by 8 million units in Apple’s fiscal first quarter, citing continued difficulties at an assembly …

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European Central Bank Says Bitcoin Is On “Road To Irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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China’s Zhengzhou, home to world’s largest iPhone factory, ends Covid lockdown

hong kong CNN Business — The central city of Zhengzhou, China, home to the world’s largest iPhone factory, lifted a five-day Covid lockdown, in a move analysts called a much-needed relief for Apple and its main supplier Foxconn . Zhengzhou is the site of “iPhone City”, a sprawling manufacturing campus owned by Taiwanese contractor Foxconn …

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Dow Jones Futures: Stock rally awaits Fed chief Powell, key economic data

Dow Jones futures rose early Wednesday, while S&P 500 and Nasdaq futures edged higher with Fed Chief Jerome Powell and key economic data at hand. X The stock market rally ended mixed on Tuesday with Apple (AAPL) once again a drag on major indices, as well as Amazon.co.uk (AMZN) and You’re here (TSLA). Meanwhile, the …

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Airbnb launches the first accommodation platform for apartment renters

Airbnb partners with several large landlords and management companies to list designated apartment buildings where tenants are allowed to offer short-term sublets on the site. The company said Wednesday that a new page on its website will list so-called Airbnb-compatible buildings, which will give tenants the option of hosting their apartments the way landlords can. …

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Elon Musk: Twitter less secure due to new owner’s management style, says former top exec Yoel Roth

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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Powell speech, GDP revision, private hiring and more: Wednesday’s 5 things to know

Kobeissi’s letter editor provides insight into the impact of Fed meetings on the market on “Making Money.” Here are the main events taking place on Wednesday this could have an impact on trade. POWELL’S SPEECH: The chairman of the Federal Reserve is scheduled to speak at the Brookings Institution on Wednesday. This is the last …

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