2024's first quarter has been fruitful for investors.
Palantir Technologies (PLTR) shares are trading lower Thursday after Brian White, an analyst from Monness, Crespi, Hardt & Co., downgraded the stock to Sell from Neutral. Additionally, White lowered his price target to $20, citing an "excessive" valuation fueled by the AI boom and that he believes "the darkest days of this economic downturn are ahead of us." Yahoo Finance's Josh Lipton and Akiko Fujita breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
AMC Entertainment (AMC) shares are trading lower Thursday afternoon after the company filed to sell up to $250 million worth of its stock. The movie theater chain is looking to strengthen its balance sheet, using the proceeds from the stock sales to pay down debt. AMC also indicated that last year's Hollywood strikes impacted the box office in the first quarter. Akiko Fujita and Josh Lipton break down the latest developments for the movie theater chain. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Gabriel Roy.
(Bloomberg) -- The European Central Bank can’t ignore the economic risks of keeping interest rates high for too long and should begin cutting at one of its next two meetings, according to Governing Council member Francois Villeroy de Galhau. Most Read from BloombergBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineDubai Is Losing Its Allure for Wealthy RussiansLondon Insurers Face Baltimore Bridge Payouts Worth B
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