Investing.com -- Wall Street analysts have markedly lowered their year-end forecasts for the S&P 500, reflecting growing unease over the economic fallout from rising tariffs.According to a Bloomberg survey, the average projection for the benchmark index has fallen by 8% in April compared to the previous month.The consensus now stands at 6,047, down from 6,539 in March. While that still implies ...
Investing.com -- Wall Street investors poured $8 billion into gold funds last week, the largest weekly inflow on record, according to Bank of America’s latest “Flow Show” report.Stocks also attracted $7.9 billion, while $20.1 billion exited bonds and $72.4 billion left cash—the biggest cash outflow since January.European equities saw their strongest weekly inflow since 2017, led by $6.0 bi ...
Investing.com -- Bausch Health Companies Inc (NYSE:BHC) stock closed up 13.3% following a favorable court decision. The U.S. District Court for the District of Columbia ruled in favor of the company in a lawsuit involving its gastroenterology business, Salix Pharmaceuticals, Inc., against Norwich Pharmaceuticals, Inc.The court denied Norwich’s motion for a preliminary injunction treated as a mot ...
By Jonathan Stempel(Reuters) - Tesla (NASDAQ:TSLA) faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk’s company from having to pay for repairs.The plaintiff Nyree Hinton alleged that Tesla odometer readings reflect energy consumption, driver behavior and "predictive algorithms" rather than actual mileage dr ...