Ladenburg Thalmann lifts Edison stock rating to ‘neutral’ on valuation
Investing.com — Ladenburg Thalmann upgraded Edison International (NYSE:EIX) to “neutral” from “sell” given its valuation support following a recent sell-off. The stock, trading at a 34% discount to P/E estimates, is seen as reflecting worst-case outcomes linked to California wildfire risks. Ladenburg Thalmann
US defense contractor tells Musk panel that Pentagon bureaucracy is the problem
By Mike Stone WASHINGTON (Reuters) – The CEO of one of the world’s biggest defense contractors, L3Harris Technologies (NYSE:LHX), told President-elect Donald Trump’s government efficiency panel in a letter on Wednesday that the Pentagon’s huge contracting system is too slow and
Potential higher tariffs stoke worries on economy, higher inflation: Biege Book
Investing.com — The potential for higher tariffs from the incoming Donald Trump administration has stoked concerns about economy and inflation at time when price pressures are expected to persists this year, according to the Federal Reserve’s Biege Book released Wednesday. “Contacts expected
Fed hawks and doves: what US central bankers are saying
(Reuters) – U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in 2024, given slower progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty