Following last week’s quarterly print, BofA analyst Omar Dessouky raised the price target for the stock to $4.50 from $1.50 but maintained an ‘Underperform’ rating.
President Donald Trump said in a Truth Social post, “It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE” in about six hours from the time of his posting (6:02 p.m. ET), lasting through 12 hours.
Wall Street resilient as Iran fires missiles at U.S. bases in Qatar and Iraq, defying expectations in energy market. U.S. equities and gold up, bonds down.
Among the Main Street catalysts traders look forward to in the new week are S&P’s flash private sector activity readings for June, the personal income and spending report for May, two June consumer confidence readings, and the weekly jobless claims data.
The acquisition has been greenlit by Couchbase’s board and is expected to finalize in the second half of 2025, pending shareholder approval and regulatory clearance.
Chairman of the Independent Committee, Brent Turner, said the best path forward for Surgery Partners is to continue operating as an independent publicly traded company.
The major averages in Asia were mixed in early trading as traders took stock of Wall Street’s gains overnight and stayed wary about the crisis in the Middle East.
Investors embraced a risk-on mood Monday, showing optimism that Iran might seek a diplomatic solution to the crisis despite continued hostilities with Israel.
U.S. stocks retreated Friday as geopolitical tensions erupted following Israel's surprise airstrike on Iranian nuclear sites, sparking a sharp rally in oil and gold.
AST SpaceMobile secured rights to 45 MHz of mid-band satellite spectrum, enabling faster mobile data from space and boosting plans for nationwide broadband coverage with speeds up to 120 Mbps.
The University of Michigan’s preliminary U.S. consumer sentiment index for June is due at 10 a.m. ET. On average, economists expect the index to rise to 54 from 52.2 in May.
