Investing.com -- Benchmark upgraded Trade Desk Inc (NASDAQ:TTD) to "Hold" from "Sell," noting that the stock has retreated to within 10% of its discounted cash flow-based fair value of $59. The firm expects Trade Desk’s near-term stock performance to be influenced by the pace of its revenue growth reversion to broader U.S. digital ad industry trends.Benchmark highlighted that Trade Desk†...
Investing.com-- The S&P 500 cut losses in volatile Friday, as investors weighed a soft employment report and further trade uncertainty after President Donald Trump reportedly said he may impose reciprocal tariffs on Canada as soon as today. At 1:52 p.m. ET (18:52 GMT), the Dow Jones Industrial Average rose 143 points, or 0.2%, the S&P 500 index rose 0.3%, and the NASDAQ Com ...
(Reuters) - Blackstone (NYSE:BX) has raised $8 billion in its most recent real estate debt fund, the world’s largest alternative asset manager said on Friday, a sign that the property sector is seeing a recovery after a couple of tumultuous years.The fund - Blackstone Real Estate Debt Strategies V - will be active in North America, Europe and Australia and make loans and buy existing loans, acco ...
By Kanchana Chakravarty and Arsheeya Bajwa(Reuters) -Broadcom’s shares rose 6% on Friday as the semiconductor maker’s strong revenue forecast helped restore some confidence in AI chip demand after a bruising sector-wide selloff following rival Marvell (NASDAQ:MRVL) Technology’s bleak outlook.The rosy forecast from Broadcom (NASDAQ:AVGO) - the biggest supplier of custom AI chips to Big Tech - ...