Growth stocks led the market sell-off in 2022, but it's too soon to buy in, according to UBS strategists."Going forward, we think it is still too early to get back into tech stocks. While valuations for growth stocks are now less demanding, they are still high relative to value stocks," David Lefkowitz, head of Equities … Read more
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Investors are growing pessimistic about tech firms — and on Apple (AAPL) in particular. The company’s market value dipped below $2 trillion for the first time since last spring on Tuesday.Dan Ives of Wedbush Securities shares their concerns. In a note to investors, he lowered his price target for Apple from $200 to $175. Still, … Read more
GameStop's stock (GME) is likely dead money until it can convince Wall Street otherwise, the research team at Jefferies argues."Long-term growth prospects and lack of communication from management remain a key source of speculation," Jefferies analyst Andrew Uerkwitz wrote in a new client note. "We take a prove it approach, as we are not currently … Read more
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If you’re sick of phoning your bank or internet provider, a bot could soon do the mundane task for you.A company called Do Not Pay has created an artificial intelligence that mimics your voice to make calls to customer-support lines on your behalf.In a video shared on Twitter, Do Not Pay founder Joshua Browder uses … Read more
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Banks and businesses alike are tightening their belts in anticipation of a 2023 recession.“As we head into a recessionary period, it’s like we’re getting prepared for battle, in a way,” said Michael McMahon, Buffalo market president for KeyBank. “We’re focused more on the defensive than the offensive.”Banking leaders in Buffalo say they’re adjusting their strategies … Read more
January 5, 2023 — The Office of the City Controller has released the most recent City of Houston Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 2022, which provides a snapshot of the City’s overall financial position and a detailed look at the City’s finances. Based on the report, the City’s financial … Read more
