Morgan Stanley analyst Keith Weiss has downgraded Salesforce stock to Equal Weight from Overweight, causing the cloud-based software giant's shares to edge lower. Despite the downgrade, Weiss has raised his target price for Salesforce stock to $278 from $251. This shift reflects a focus on 2025 results rather than 2024 and incorporates higher estimates resulting from recent … [Read more...] about Salesforce Stock Downgraded by Morgan Stanley Analyst
Walmart Seeks Hackers as Cybersecurity Heroes
Walmart, the retail supergiant, is taking an unconventional approach to hiring cybersecurity professionals. In an effort to combat cybercrime, the company is removing the requirement for a college degree. According to Rob Duhart, deputy chief information security officer at Walmart, they are actively seeking out "geniuses in our backyard" who may not fit the traditional … [Read more...] about Walmart Seeks Hackers as Cybersecurity Heroes
Activity in Australia’s Manufacturing Sector Shows Signs of Stabilization
By James Glynn SYDNEY - Activity in Australia's manufacturing sector remained in a downturn in July, but signs of stabilization are beginning to emerge, according to the latest PMI data from Judo Bank. Manufacturing PMI Sees Increase in July The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Managers Index (PMI) stood at 49.6 in July, up from 48.2 in … [Read more...] about Activity in Australia’s Manufacturing Sector Shows Signs of Stabilization
Toyota Reports Strong First-Quarter Results
Toyota Motor has announced its first-quarter results, demonstrating impressive growth and exceeding market expectations. Here are the key highlights: Net Profit Soars Toyota's net profit for the quarter ended June 30 surged by 78% from the previous year, reaching an impressive 1.311 trillion yen ($9.22 billion). This figure surpasses the estimated net profit of Y793.85 billion … [Read more...] about Toyota Reports Strong First-Quarter Results
Stanley Black & Decker Narrows Full-Year Earnings Guidance
Stanley Black & Decker, the renowned tool maker based in New Britain, Conn., has revised its full-year earnings guidance, providing a clearer outlook despite ongoing uncertainties in the market. Revised Earnings Expectations The company now projects a loss per share of $1.25 to 50 cents for the full year, compared to its previous range of a $1.65-loss to a 60-cent-per-share … [Read more...] about Stanley Black & Decker Narrows Full-Year Earnings Guidance
