Saturday, April 11

Business

Gap, Home Depot, StubHub: Top Analyst Calls
Business

Gap, Home Depot, StubHub: Top Analyst Calls

00:00 Speaker A Let's turn now to some of today's top analyst calls on Wall Street. We're watching Gap, Home Depot and StubHub. First up, Gap. Jeffries out with a buy call on the retailer upgrading the stock from hold and lifting its price target to 30 bucks a share from 22. The firm says Gap is seeing strong momentum and encouraging data trends that should drive both top and bottom line growth. 00:26 Speaker A Analyst Cory Tarlo also credits the company's new leadership for what he calls a strong turnaround at both Gap and Old Navy and says there's still meaningful upside in beauty, an area he thinks the street is underestimating. Shares are up about 1% in early trade. 00:46 Speaker A Next, Home Depot. The home improvement giant under some pressure this morni...
Mortgage rate predictions for the next 5 years: What experts say.
Business

Mortgage rate predictions for the next 5 years: What experts say.

Now that the government shutdown has finally come to a close, where are mortgage rates heading long-term? Mortgage interest rates are determined by several factors, with the 10-year Treasury yield being a primary one. At Yahoo Finance, we’ve designed a five-year mortgage rate forecast, built on a 10-year yield correlation, that provides some insight. Mortgage rate forecasts might best be derived from 10-year Treasury note trends. While the two rates often track in the same direction, there is a spread between them that we will account for below. First, let's understand where Treasury yields are headed in the next five years. We'll combine human analysis with data pulled from artificial intelligence to put together a prediction. Michael Wolf is a global economist ...
Dow slides, Nasdaq recovers amid growing doubts on Fed rate-cut path
Business

Dow slides, Nasdaq recovers amid growing doubts on Fed rate-cut path

US stocks recovered from steeper losses Friday, battling back from Wall Street's steepest sell-off in over a month amid ebbing faith in a December interest-rate cut following the longest-ever government shutdown. The Dow Jones Industrial Average (^DJI) slid around 0.8%. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) pared earlier losses, with the S&P crawling around the flatline and the Nasdaq turning positive at one point. DJI - Free Realtime Quote • USD 47,177.22 -280.00 (-0.59%) As of 10:48:20 GMT-5. Market open. ^DJI ^IXIC ^GSPC Wall Street's previous, bruising session saw the major indexes log their steepest one-day declines in over a month. Tech stocks saw their earlier losses shrink mid-morning Friday after AI concerns drove an exodus from ris...
Hospitals are underfunding artificial intelligence governance, report finds
Business

Hospitals are underfunding artificial intelligence governance, report finds

Only a small minority of hospitals and health systems say they're prepared for an AI audit.Hospitals are adopting artificial intelligence technology at increasingly rapid paces, but the majority aren't putting enough funding into AI governance heading into 2026, according to a new report from Black Book Research.Although AI continues to expand across clinical and operational workflows, the median 2026 budget share for AI governance and safety is just 4.2%, and only 22% of hospitals report high confidence that they could deliver a complete, auditable AI explanation within 30 days to regulators or payers, the data showed.Large hospitals and health systems reported the most confidence, with 34% saying they would be prepared for an audit. Just 21% of community systems (those with three to nine...
Dow slides, Nasdaq pares losses as Fed rate-cut doubts creep in
Business

Dow slides, Nasdaq pares losses as Fed rate-cut doubts creep in

US stocks fell on Friday, adding to Wall Street's steepest sell-off in over a month amid ebbing faith in a December interest-rate cut following the longest-ever government shutdown. The Dow Jones Industrial Average (^DJI) slid around 0.8%. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) pared earlier losses, both falling around 0.5% as tech stocks eased after Thursday's slide. Wall Street's previous, bruising session saw the major indexes log their steepest one-day declines in over a month. Tech stocks saw their earlier losses shrink mid-morning Friday after AI concerns drove an exodus from riskier assets to less hotly valued sectors. Still, Tesla (TSLA) shares remained under pressure and broke below $400, on the heels of its worst day since July. Nvidia (NVDA) shares brief...
Algeria: Ambitious Goals, Investor Skepticism
Business

Algeria: Ambitious Goals, Investor Skepticism

Africa’s largest country offers opportunity for investors willing to navigate heavy bureaucracy and an unpredictable business environment. In July, Baladna, a Qatari firm famous for raising cows in the desert, signed a $500 million deal with Algeria’s National Investment Fund to launch the first phase of a $3.5 billion agro-industrial project in the Adrar region. Spanning 117,000 hectares and housing 270,000 cows, the mega-farm aims to cover half of Algeria’s demand for powdered milk and create 5,000 jobs. The landmark project, held 51% by Baladna and 49% by Algeria’s Ministry of Agriculture, perfectly embodies what Algiers wants: to boost local production with the help of foreign partners while retaining substantial government control over the economy. With a population exceeding 4...
Peregrine Hospitality names new chief financial officer
Business

Peregrine Hospitality names new chief financial officer

Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Peregrine Hospitality has appointed Stacy Galligan as chief financial officer, according to a release shared with Hotel Dive. Galligan will be tasked with overseeing the company’s financial, accounting and capital planning. She succeeds Tom Barber, who will stay on to support a seamless transition and provide ongoing strategic advisory services, per the release. “Stacy is a dynamic financial leader who combines strategic insight with operational discipline,” Peregrine CEO Greg Kennealey said in the release. “She brings extensive experience leading finance functions acr...