Gen Z Is Tired of War

"Moving The Goalposts": BofA Downgrades Nike, Slashes Target As Turnaround Story Delayed Nike shares fell 2% in New York premarket trading after BofA retail analyst Lorraine Hutchinson downgraded the world's largest athletic footwear and apparel company, warning that its "turnaround is taking longer" than expected. With shares trading at 2014 levels, the downgrade adds new woes to a recovery story that might not materialize until 2028. In the report published earlier today, titled "Moving the goalposts," Hutchinson downgraded Nike to "Underperform" from "Neutral" and cut her price target to $30...

Israeli forces continued to carry out their usual cross-border raids into southwest Syria today, and while operations were reported in both Daraa and Quneitra Governorates, the most immediate focus seems to be on the northern part of Quneitra, with raids targeting local villages there unusually often. The village of Taranja in northern Quneitra got some […]

SpaceX Reportedly Lowers IPO Valuation Target SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion. In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...