(This Feb 7 story has been repeated with no changes to the text)
WASHINGTON, Feb 7 (Reuters) - U.S. President Donald Trump on Saturday publicly backed a proposed merger between local television station operator Nexstar Media and its smaller rival Tegna.
"We need more competition against THE ENEMY, the Fake News National TV Networks," Trump wrote in a social media post. "GET THAT DEAL DONE!"
Nexstar last year proposed a... (continue reading...)
Investing.com -- AppLovin Corp (NASDAQ: APP) stock surged 7% Monday after Jefferies analyst James Heaney defended the company amid its significant year-to-date decline.
Heaney reiterated a Buy rating and $860.00 price target on AppLovin, describing the stock’s 39% year-to-date drop as "a great buying opportunity" for what he considers a high-growth company. The analyst expects AppLovin to deliver over 50% top-line growth by fiscal year 2026.
The mobile technology... (continue reading...)
Investing.com -- Stocks rallied on Friday as technology shares rebounded after several sessions of sharp losses, while Bitcoin recovered from a steep selloff that had at one stage erased more than half its value.
The Dow Jones Industrial Average gained 1,206.95 points, or 2.47%, to close at 50,115.67, marking the first finish above the 50,000 level. The S&P 500 rose 1.97% to 6,932.30 and the Nasdaq Composite advanced 2.18% to 23,031.21. The move pushed the S&P 500 back... (continue reading...)
BEIJING, Feb 9 (Reuters) - China's Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker.
The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, 2018 and January 16, 2023, a statement released by the State Administration for Market Regulation on Monday said. Some of these vehicles have a software issue that could lead... (continue reading...)
Investing.com -- Robinhood Markets (NASDAQ: HOOD) stock rose 2.7% Monday morning, outperforming broader markets that were down slightly and crypto-linked stocks that fell over 2%, following an upgrade from Wolfe Research.
Analyst Steven Chubak upgraded Robinhood from Peerperform to Outperform and set a price target of $125.00, representing significant upside from Friday’s closing price of $82.80. The upgrade comes as the analyst looks to "take advantage of the recent... (continue reading...)
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