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Union Pacific inks deal with Canadian National to ease Norfolk Southern merger concerns
Stocks

Union Pacific inks deal with Canadian National to ease Norfolk Southern merger concerns

Union Pacific has signed a binding agreement with Canadian National Railway to resolve competition concerns over its proposed Norfolk Southe

Marcus Devlin ·
Norfolk Southern's volume outlook brightens as trucking capacity tightens
Stocks

Norfolk Southern's volume outlook brightens as trucking capacity tightens

RBC Capital Markets lifted its 2026 volume growth estimate for Norfolk Southern to 2.2% after a strong second quarter. The analysts say tigh

Eleanor Whitfield ·
Wedbush: TaskUs Client Slowdown Is Automation, Not a Breakup
Stocks

Wedbush: TaskUs Client Slowdown Is Automation, Not a Breakup

Wedbush argues TaskUs's recent slowdown with its largest client is due to automation moving work from Trust & Safety to AI Services, not a d

Marcus Devlin ·
Morgan Stanley Cuts Boston Beer Price Target as Twisted Tea, Truly Sales Decline
Stocks

Morgan Stanley Cuts Boston Beer Price Target as Twisted Tea, Truly Sales Decline

Morgan Stanley cut its price target on Boston Beer to $190 from $220, citing weakness in core brands Twisted Tea and Truly. The bank also lo

Eleanor Whitfield ·
Morgan Stanley Cuts Tractor Supply Price Target After Company Drops Long-Term Goals
Stocks

Morgan Stanley Cuts Tractor Supply Price Target After Company Drops Long-Term Goals

Morgan Stanley cut its price target for Tractor Supply to $35 from $45 after the rural retailer abandoned its long-term financial targets. T

Eleanor Whitfield ·
Morgan Stanley Raises Nasdaq Earnings Forecasts on AI, Tokenization, and Extended Trading
Stocks

Morgan Stanley Raises Nasdaq Earnings Forecasts on AI, Tokenization, and Extended Trading

Morgan Stanley raised its earnings forecasts for Nasdaq after a strong quarter, pointing to AI, tokenization, and a planned 23/5 US equities

Marcus Devlin ·
Berenberg Raises Fresnillo Forecasts After Strong Gold Output, Keeps Hold Rating
Stocks

Berenberg Raises Fresnillo Forecasts After Strong Gold Output, Keeps Hold Rating

Berenberg raised its forecasts for Fresnillo after a stronger-than-expected Q2 production update for gold and base metals. The bank kept a H

Marcus Devlin ·
Poste Italiane's Telecom Italia Bid Opens, Strategic Plan Due Early 2025
Stocks

Poste Italiane's Telecom Italia Bid Opens, Strategic Plan Due Early 2025

Poste Italiane's offer for Telecom Italia is now open, and the company says it will unveil a strategic plan for the combined group early nex

Eleanor Whitfield ·
SK Chairman's Divorce Ruling Preserves Control, Stock Falls 4%
Stocks

SK Chairman's Divorce Ruling Preserves Control, Stock Falls 4%

A Seoul High Court divorce ruling requires SK Group Chairman Chey Tae-won to pay 944 billion won in cash to his ex-wife, but he keeps his 17

Marcus Devlin ·
Poste Italiane Beats Profit Forecasts, STMicro Plans New Chip Plants, Italy Treasury Sets BOT Auction
Stocks

Poste Italiane Beats Profit Forecasts, STMicro Plans New Chip Plants, Italy Treasury Sets BOT Auction

Poste Italiane beat profit expectations as the Treasury readies its July 29 semi-annual BOT sale. STMicroelectronics laid out new investment

Eleanor Whitfield ·
South Korea's Bonus Backlash Spreads Beyond Samsung to Hyundai, Kakao
Stocks

South Korea's Bonus Backlash Spreads Beyond Samsung to Hyundai, Kakao

Reports of massive bonuses at Samsung Electronics have sparked a broader labor movement in South Korea. Unions at Hyundai Motor and Kakao ar

Marcus Devlin ·
Iris Cairns Property Makes Reef Casino Trust Takeover Unconditional After Qld Approval
Stocks

Iris Cairns Property Makes Reef Casino Trust Takeover Unconditional After Qld Approval

Iris Cairns Property has declared its takeover offer for Reef Casino Trust unconditional after securing Queensland Government approvals. The

Eleanor Whitfield ·