Business

UBS is bearish on Foot Locker , saying that the shoe retailer is unlikely to drive revenue growth in a recession. Analyst Jay Sole downgraded the stock to sell from neutral and cut his price target to $30 from $36. The new target implies downside of 25% from...

UBS appointed Sergio P. Ermotti as its group Chief Executive Officer following its agreement to acquire Credit Suisse.Harold Cunningham | Getty Images News | Getty ImagesUBS named Sergio Ermotti as its new Group CEO on Wednesday, following the recent acquisition of Credit Suisse.The move will be effective April 5,...

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023. Marco Bello | Bloomberg | Getty ImagesJamie Dimon, the veteran JPMorgan Chase CEO...

Micron Technology headquarters in Boise, Idaho, March 28, 2021.Jeremy Erickson | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading Tuesday.PagSeguro — Shares popped 4.1% on Tuesday after Citi upgraded the Brazilian payment stock to buy from neutral. The firm called the company's fourth-quarter earnings...

Bowling stock Bowlero is a strike for investors, according to Stifel. The firm began its coverage of the bowling company with a buy rating and a $26 per share target price. That equates to more than 70% upside from the stocks' previous close of $15.20. Shares rose 5%...

Brazilian digital payments company StoneCo could yield some big gains for investors, according to Citi. Analyst Gabriel Gusan upgraded the company to buy from neutral with a price target of $13 per share. That target represents 40% upside from the stock's last closing price of $9.18 per share....

US President Joe Biden and China's President Xi Jinping (L) shake hands as they meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022.Saul Loeb | Afp | Getty ImagesRelations between the U.S. and China are...

As the likelihood of a hard landing this year rises, Barclays says investors should seek quality stocks that are not overly expensive. Large-cap tech stocks have been outperforming the market in 2023, with the S & P 500's tech sector up more than 16%. However, Venu Krishna, Barclays'...

Alibaba founder Jack Ma has been seen in public in China after the first time in several months. The billionaire's reapprance may suggest Beijing is softening its stance toward the technology sector after an 18-month crackdown.Costfoto | Future Publishing | Getty ImagesAlibaba founder Jack Ma has been spotted...

Tim Cook, chief executive officer of Apple Inc., speaks during a "First Tool-In" ceremony at the TSMC facility under construction in Phoenix, Arizona, US, on Tuesday, Dec. 6, 2022.Caitlin O'Hara | Bloomberg | Getty ImagesApple CEO Tim Cook met with China's minister of commerce, Wang Wentao, on Monday...