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Western Digital (NASDAQ:WDC | WDC Price Prediction) received a bullish analyst upgrade Tuesday morning when Bernstein upgraded the stock to Outperform from Market Perform and doubled its price target to $340, up from $170.
» Read more about: Wall Street Thinks Western Digital Stock Price Will Soar Higher This Year »
In August 2025, President Donald Trump issued an executive order asking regulators to consider adding alternative investments to 401(k) retirement plans. In this request, he highlighted that workers should be able to invest in private equity and cryptocurrency within their 401(k)s if they choose. Shortly after that, the Department of Labor rescinded a statement from a few years earlier that discouraged the use of private equity in 401(k) plans.
A succession of firms have stepped forward in recent days to say they remain committed to investing in the Gulf. That’s despite a war that seems to lack a clear strategy or endgame, and that is wreaking havoc across the Gulf.
Which begs the question: Is Wall Street overly optimistic about how this conflict plays out?
» Read more about: Wall Street bosses stick by the Gulf despite war »
President Donald Trump on Tuesday urged countries that did not help in the U.S.-Israeli strikes on Iran to buy American oil and go to the Strait of Hormuz and “just TAKE it.” Trump singled out Britain and France as unhelpful in the month-long war that has roiled global markets, driven up energy prices and seen Iran effectively close oil tanker traffic through the Strait.
Today’s Highlights
📌 Top story — scroll down for more updates
9:45 am — MCK +0.5%, UL -3.4%
By Emily Flippen, CFA
Team Rule Breakers
McCormick (MKC 4.54%) and Unilever (UL 5.90%) appear to be on the verge of finalizing what would be one of the largest deals in consumer staples history.
Warren Buffett said he doesn’t regret the billions he donated to the Gates Foundation despite revelations of the close ties between Bill Gates and convicted sex offender Jeffrey Epstein, but that he is no longer talking to his close friend Gates.
“I wish that certain things hadn’t happened,” Buffett, who has donated tens of billions worth of stock to the Gates Foundation,
In a monumental fusion of Wall Street wisdom and NBA royalty, a new charitable era is dawning. This year, the legendary “Power Lunch” is being reimagined as A Seat at the Table, a high-stakes charity auction featuring American business magnate Warren Buffett alongside 4x NBA Champion Stephen Curry and lifestyle entrepreneur Ayesha Curry.
Data from a key indicator for the economic health in the manufacturing industry has shown a significant slowdown in the growth in the Chicago area.
The Chicago Purchasing Managers’ Index (PMI) data showed a reading this month of 52.8 which fell short of the forecasted 54.8. While the numbers still show growth in the sector,
» Read more about: US Economy Slowing Down Much More Than Expected »
The European Union voted to advance the bloc’s trade deal with the US, clearing a major hurdle after weeks of delays.
EU lawmakers adopted the so-called Turnberry agreement, a framework that US President Trump and EU Commission President Ursula von der Leyen reached in Scotland last August. US officials and diplomats had been pressuring the EU to implement the deal,