Tag Archives: America

Elon Musk offered to buy Twitter (TWTR) for $54.20 per share in a filing made public Thursday, calling it his “best and final offer.” But the Tesla (TSLA) CEO will have to reconsider that offer if he’s serious about taking over the social media company, according to one analyst. “No one believes this is the final price. No board in America is going to take that number,” said Jefferies analyst Brent Thill. Twitter shares jumped 4% on news of the all-cash offer, before falling in the… Source link

It was a viral moment that elicited both nervous laughs and tears of joy from a pandemic-weary nation: Colorado Gov. Jared Polis awaiting his state’s first COVID vaccine shipment in December 2020, staring at a delivery door like a child stares at a fireplace on Christmas Eve. “Any minute now we’re going to hear a doorbell,” Polis says with childlike glee, his words muffled by a surgical mask. “And then we’re going to ….” He dramatically pauses before saying, “of course, let the… Source link

U.S. households — particularly low-income ones — are still sitting on a healthy pandemic nest egg, cushioning them for now against steep price increases on food and energy. That means that even with consumer prices forecast to have risen 8.4% in March, shoppers shouldn’t be running out of cash. That’s the finding of a new Consumer Checkpoint report from the Bank of America Institute, which showed debit and credit card spending rose 11% last month, or 6.7% on a per-household basis. The… Source link

Main Street banking is poised to see the best growth since the 1980s, when Madonna and Michael Jackson were on MTV, Ronald Reagan was in office, and everyone had long hair and wore neon attire. And Bank of America (BAC) will be the biggest winner. That’s according to Wells Fargo analyst Mike Mayo, who told Yahoo Finance Live on Thursday that traditional banking revenue will grow the same way it did in the 1980s, creating a boom for the industry in the next three years. Moreover, BofA stands… Source link

There is more meat to the plans to revive Burger King in America than simply reclaiming the flame of the iconic Whopper sandwich. At least that’s the read for the restaurant analyst team at Evercore ISI, which just spent a half day with the management team at Burger King parent company Restaurant Brands. “Aspects of the Burger King U.S. turnaround plan includes menu simplification to improve order accuracy and speed of service, a more balanced value offering (e.g., new $5 meal launched in… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

The hottest car in America isn’t a car, it’s a truck. In its latest sales report, Ford revealed it sold over 8,000 Ford (F) Broncos in January. But try getting your hands on the all-new, full-size Ford Bronco SUV at retail prices — it’s basically impossible. People are paying huge dealer markups to get their hands on the Bronco, or flipping them on eBay if they’re able to get a good deal for one. Ford CEO Jim Farley even addressed the situation, warning he would crack down on those… Source link

After seeing a brutal reception on public exchanges post IPO in 2021, Bank of America strategists think it’s time to strike on a few unloved market newbies. “Fundamentals remain intact for many of the 2021 IPOs,” says BofA strategists Jill Carey Hall and Thomas Thornton.  The strategists listed 16 companies with an average market cap of $1.22 billion where they believe the fundamentals — notably revenue outlooks — continue to be favorable and perhaps disconnected from their current… Source link

Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year 2021 turned out to be a great year for many 5G stocks. But according to Bank of America, 2022 could be even better. “This is the year 5G comes alive,” says the bank’s Global Research team. Bank of America points out that wireless carriers like Verizon, AT&T and T-Mobile plan to spend tens of billions of dollars on 5G deployment in the… Source link

Retail investors haven’t lost confidence in the bull market in stocks (yet) despite a tough start to the year, according to new data from Bank of America’s strategy team of Savita Subramanian and Jill Carey Hall. “BofA Securities clients were small net buyers of U.S. equities the first week of 2022 ($0.5 billion), during which the S&P 500 fell 1.9%. Clients bought both ETFs and stocks. Retail and hedge funds clients led the buying last week while institutional clients began the year with… Source link