Oracle, Intel, Manchester United rise premarket; Apple falls

Japan to provide $854M to support Toyota's (TM) domestic EV battery production plans

Asian finance newspaper, The Nikkei reports Thursday that Japan will give Toyota (NYSE: TM) around 120 billion yen ($854 million) in support towards the Japanese automakers plans to invest in the domestic production of lithium ion batteries used in electric vehicles.

Earlier this... More

Manchester United (MANU) jumps on report it's negotiating exclusivity period with Qatar's Sheikh Jassim

English Premier League giant Manchester United plc (NYSE: MANU) is negotiating to grant exclusivity to Qatar Sheikh Jassim bin Hamad al-Thani's consortium, Reuters reported Thursday.

The publication revealed that sources told them members of the Glazer family, which own... More

Elon Musk encourages Toyota (TM) to join EV charging revolution, embrace NACS connector

Tesla (NASDAQ: TSLA) CEO Elon Musk suggested on Twitter Wednesday that he would welcome Toyota (NYSE: TM) into the coalition of automakers that have already adopted his companys charging connector, known as the North American Charging Standard (NACS).

Over the past several weeks, numerous automakers and charging companies have already committed to adopting the NACS connector.

The moves were started by Ford... More

Toyota (TM) shareholders vote down climate resolution, show support for management

Toyota (NYSE: TM) shareholders handed the Japanese company a win at their shareholders meeting today when investors voted down a resolution urging greater disclosure of its climate lobbying. Investors also backed all 10 members of the board, including Chairman Akio Toyoda, despite concerns about board independence raised by prominent... More

Apple (AAPL) institutional ownership has increased YTD - Bernstein

Bernstein analyst Toni Sacconaghi believes institutions being underweight Apple (NASDAQ: AAPL) and the tech giant's buybacks could be uniquely helping the stock.

The analyst, who has a Market Perform rating and $175 price target on AAPL shares, said that Apple has been a... More

CFRA Upgrades Oracle (ORCL) to Hold, 'We like momentum from cloud applications'

CFRA analyst Angelo Zino upgraded Oracle (NYSE: ORCL) from Sell to Hold with a price target of $130.00 (from $71.00).

The analyst comments "We boost our 12-month target to $130 from $71, shifting to P/E of 22x our CY 24 EPS estimate of $5.93, above... More

Toyota to face governance challenge over climate lobbying, transparency

Toyota will confront a difficult hurdle Wednesday when the company holds its annual shareholder meeting. According to recent reports, certain pension funds plan to vote against Chairman Akio Toyoda over governance concerns. These investors are also advocating for increased transparency regarding the company's climate lobbying activities.

The Japanese auto giant has attracted the attention of activists and green investors in recent years, who say... More

Toyota (TM) soars after detailing plans for a new battery and innovative EV tech

Shares of Toyota (NYSE: TM) were sent soaring almost 5% after the company revealed Tuesday that the Japanese auto giant will introduce a high-performance, solid-state battery alongside other technologies to improve the driving range and cut costs of future electric vehicles (EVs).

The plan comes a day before an annual shareholder meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinized.

The comprehensive technology roadmap unveiled by the Japanese automotive giant encompasses a wide range of initiatives,... More

Goldman Sachs 'increasingly constructive' on Oracle's (ORCL) ability to deliver 2026 revenue target

Following Oracle's (NYSE: ORCL) latest earnings release, Goldman Sachs analyst Kash Rangan upgraded the company's shares to Neutral from Sell with a $120 price target.

The analyst told investors in a note that they are upgrading the stock "after a solid F4Q print and 1Q guide that alleviated concerns key to our Sell thesis which centered primarily on mounting CapEx... More