CIT News
VF Corp. stock gets Piper Sandler upgrade as Vans gains traction with teens
Renewed momentum at Vans is strengthening the investment case for VF Corp. as the footwear brand holds or improves its standing with younger shoppers. Piper Sandler says that trend, alongside ...
American Express launches AI purchase authorization framework for agentic commerce
As AI shopping tools begin to handle more transactions on behalf of consumers, payment providers are moving to reduce the risk of unauthorized purchases. American Express says its new Intent ...
Citigroup third-quarter profit jumps on investment banking, services and wealth gains
Citigroup reports a sharp rise in third-quarter earnings as fee-based businesses and corporate transaction activity help offset a weaker sequential trading performance. The results come as Wall ...
Wells Fargo third-quarter profit rises on loan growth and higher interest income
Large U.S. banks are navigating a market that still supports lending margins even as investors grow more cautious about the economic effect of higher rates. In that environment, Wells Fargo ...
Whitbread urges investors to reject Corvex board seat as it backs turnaround plan
Britain's biggest hotel operator is pressing ahead with a five-year overhaul as it faces a growing challenge from activist investor Corvex Management. The dispute comes as Whitbread also reports ...
Bursa Malaysia filings show stake changes at Pavilion REIT, Talam Transform, Sunway Healthcare and Maybank
Filings for the period from 21 to 25 Sept show significant changes in the holdings of institutional investors and substantial shareholders in several key Bursa Malaysia counters. The movements ...
Starbucks China stake sale cuts exposure to political risk
Rising geopolitical scrutiny is shaping how multinationals structure their China operations as commercial ambitions collide with reputational and policy risks. Starbucks Corp.’s decision to cede ...
Six Flags shares slide after Georgia coaster incident
Six Flags Entertainment shares tumble in after-hours trading after a deadly incident at its Georgia amusement park interrupts a session that had earlier ended with gains. The move adds fresh ...
Wall Street outlook focuses on bank earnings, Dell appearance and industrial updates
U.S. stocks head into Tuesday with investors watching corporate catalysts after the S&P 500 finished nearly flat Monday amid higher oil prices and weakness in memory chip shares. The next session ...
Jim Cramer backs BlackBerry and Nokia in latest stock call round
Television stock commentary remains closely watched by retail investors looking for quick signals on individual names across technology, defense and consumer sectors. In his latest lightning ...
General Motors targets hands-free autonomous driving rollout by 2028
General Motors is keeping its timetable for more advanced autonomous driving features as it shifts strategy toward consumer-owned vehicles. The company says the first application is set to arrive ...
Goldman Sachs, Morgan Stanley gain earnings momentum ahead of U.S. bank results
Third-quarter reporting season begins this week with major U.S. banks at the front, as analysts lift profit estimates for several financial stocks. FactSet data show 25 S&P 500 companies are due ...
Retail stocks seen staging short-term rebound as technical pressure eases
Retail shares are showing signs of stabilization after a recent correction, with technical indicators pointing to a possible short-term relief rally. The setup centers on improving momentum in the ...
Starbucks China stake sale cuts exposure to political risk
Starbucks is reshaping its China strategy as commercial pressures and geopolitical scrutiny increasingly intersect in one of its most important overseas markets. The group’s decision to give up ...
Starbucks rules out Chipotle bid as turnaround stays in focus
Investor attention is centering on Starbucks' strategy after takeover speculation added pressure to the stock last week. The company is instead keeping its focus on a turnaround under CEO Brian ...
UnitedHealth options signal elevated earnings risk ahead of quarterly report
UnitedHealth Group enters its quarterly earnings report with options markets pricing in a far sharper move than the stock has recently delivered. The setup highlights investor caution around ...
McDonald’s chicken, beverage expansion faces competitive pressure
McDonald’s is positioning chicken and beverages as the next engines of growth as it looks to widen its reach beyond its core beef business. New spending data points to a tougher path, with ...
Frasers raises Burberry stake as luxury expansion deepens
Frasers has increased its holding in Burberry to 7.42% as the British retailer pushes further into the luxury segment. The higher stake follows additional share purchases after a late-September ...
U.S. banks face earnings test as options market prices sharp stock swings
Major U.S. banks begin reporting earnings this week as investors look for fresh signals on how higher rates and consumer strain are affecting the financial sector. With financials among the weaker ...
Strategy expands bitcoin holdings to 848,250 BTC after $21.5 million purchase
Strategy adds 250 bitcoin for about $21.5 million, lifting its total holdings to 848,250 BTC. The purchase extends the company's treasury accumulation strategy and leaves it holding more than 4% ...
Robinhood gets Evercore ISI outperform initiation as analysts see upside
Robinhood Markets is drawing fresh Wall Street support as the online trading platform expands products and works to deepen customer monetization. Evercore ISI starts coverage with an outperform ...
