Morgan Stanley says this is the stock to play China’s EV industry consolidation

Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. Fierce competition in China’s new energy vehicle market, which includes battery- and...

Growth, value stocks could see boost from Russell rebalancing

A bullish move may be ahead for both value and growth in the year’s second half.VettaFi’s Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE...

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6,...

Stocks making the biggest moves midday: Trump Media, Kura Sushi, Nike and more

Check out the companies making headlines in midday trading. Nike — The athletic apparel giant plummeted 20% after the firm posted fourth-quarter revenue of $12.61 billion, which came below the $12.84 billion forecast by analysts surveyed by LSEG. Nike also reduced its...

Apple’s Vision Pro starts deliveries at a higher price in China than in the U.S.

The Apple Vision Pro mixed-reality headset is on sale at the Apple flagship store in Hangzhou, Zhejiang Province of China, on June 28, 2024.Vcg | Visual China Group | Getty ImagesHANGZHOU, China — Apple’s mixed-reality headset began deliveries in China on Friday...