Morgan Stanley cuts Chegg stock to underweight amid pressures from AI
Investing.com — Morgan Stanley downgraded Chegg Inc (NYSE:CHGG) to “Underweight” on deteriorating third-party data trends and a challenging competitive environment. The brokerage set a price target of $1.25, reflecting concerns about declining revenue and margins. Web traffic and app downloads weakened
Wall St slips as focus shifts to earnings, consumer inflation data
By Johann M Cherian and Sukriti Gupta (Reuters) -Wall Street’s main indexes fell on Tuesday as investors turned their attention to upcoming inflation data and quarterly earnings reports, which are expected to provide insights into the health of the U.S. economy. Stocks
Pfizer to sell 7.7% stake in Haleon for potential $3.1 billion, Bloomberg reports
Investing.com — Pfizer Inc. (NYSE:PFE) is planning a significant share sale in Haleon Plc, the company known for making Sensodyne toothpaste, Bloomberg reported on Tuesday. The pharmaceutical giant is offering approximately 700 million shares, which amounts to a 7.7%
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.30%
Investing.com – U.K. stocks were lower after the close on Tuesday, as losses in the Fixed Line Telecommunications, Beverage and General Retailers sectors led shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.30%. The best performers of
Sweden stocks higher at close of trade; OMX Stockholm 30 up 0.25%
Investing.com – Sweden stocks were higher after the close on Tuesday, as gains in the Telecoms, Financials and Technology sectors led shares higher. At the close in Stockholm, the OMX Stockholm 30 gained 0.25%. The best performers of the session on the