Bank of America started coverage of FedEx Freight with a Buy rating and a $185 price target following its spin-off from FedEx Corp. The bank highlights FedEx Freight as the largest less-than-truckload (LTL) carrier in North America with a 16% market share and sees potential for margin expansion from 11% to about 15%. Key growth drivers include cost reductions, tailored technology investments, and pricing improvements as it operates independently. Bank of America projects over 20% annual earnings growth from 2026 to 2028, driven by productivity gains and new market opportunities in sectors like healthcare and grocery distribution.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
