Bank of America analyst David Barden is optimistic about T-Mobile’s future prospects, citing the company’s business momentum and confidence in its broadband opportunity. Barden believes that T-Mobile’s fiber strategy is focused on generating returns and sees potential in the company’s proposed acquisition of U.S. Cellular’s wireless spectrum. With a strong ability to execute its current
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The stock market has witnessed significant growth in the technology sector, with companies like Nvidia experiencing substantial gains. However, according to John Stoltzfus, the chief market strategist at Oppenheimer, this trend is likely to shift soon. While the S & P 500 tech group has outperformed other sectors with a 28% increase in 2024, Stoltzfus
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Bitcoin investors are facing a challenging period as the cryptocurrency struggles to break out of the tight range it has been stuck in since March, hovering between $60,000 and $70,000. The recent dip to the lower end of this range has raised concerns among market participants, with the potential for July to be a difficult
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The month and the first half of 2024 for municipals came to a quiet end ahead of the Fourth of July holiday-shortened week. Despite a new-issue slate of only $240 million, there were significant movements in the market. Munis outperformed U.S. Treasuries on Friday, holding steady while govies saw some losses. Equities were also in
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NASA and Boeing have decided to extend the first crewed flight of the Starliner capsule named “Calypso” at the International Space Station. This extension is primarily to conduct additional testing on the ground to gather more data about the spacecraft’s performance, particularly focusing on its thruster system. The initial plan was for the Starliner to
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Nike CEO John Donahoe’s leadership seems to be facing scrutiny on Wall Street. Following a disappointing fiscal year, Nike announced that sales for the current quarter are projected to decline by 10%, far exceeding analysts’ expectations. This news led to a significant drop in Nike’s stock price, causing at least six investment banks to downgrade
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