Investing.com -- Software stocks have historically responded to recessions with mixed resilience, shaped largely by business model and end-market exposure. Bernstein analysts, in a recent note, examined the 2008–2009 financial crisis and more recent economic scares to understand how software companies might perform in another downturn.During the Great Recession, subscription-based cloud sof ...
Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today!Rosenblatt downgrades Apple due to a lack of AI-driven iPhone sales accelerationRosenblatt Securities downgraded Apple (NASDAQ:AAPL) to Neutral from Buy and lowered its price target to $217 f ...
HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba (NYSE:BABA) Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not say whether the disc ...
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he built over 60 years will retain its long-term focus and culture but worry about the loss of Buffett’s vision and star power. Following Buffett’s surprise announcement on Saturday that he would step down as chief executive by t ...