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The logistics business has been tough lately. One analyst doesn’t see it getting better soon, leading him to downgrade shares of both FedExFDX +1.49% and United Parcel Service UPS +0.29%. Thursday, BofA Securities analyst Ken Hoexter cut his rating on both FedEx and UPS. His FedEx rating went to Hold from Buy. His UPS rating…
Goldman’s Sara Naison-Tarajano works with many of the richest families in the world. Sara Naison-Tarajano wears numerous hats at Goldman Sachs GS +1.80%, where she works with many of the richest families in the world. A Goldman partner, she is global head of private wealth management capital markets, and Goldman Sachs Apex, which brings investment…
The stock market can get choppy around Federal Reserve interest rate cuts, and it wouldn’t be surprising to see a selloff if the central bank cuts as expected next week. But it is just as likely the market will quickly right itself after any rout and continue to make new highs, lifted by AI optimism…
Karishma Vanjani Fresh signs of a slowing jobs market spurred a rally in the bond market, while a relatively benign inflation report has kept stocks trending higher this morning. The Dow rose 445 points, or 1%, on pace for its fourth record close of the year. The S&P 500 rose 0.5%, while the Nasdaq was…
