Does Apple Inc. have its next blowout product on its hands?You might think so, based on early order trends for the $3,499 Vision Pro headset. Apple AAPL, +0.53% opened up online preorders for the mixed-reality device earlier Friday, and they seem to be flying off virtual shelves, based on quoted delivery times. While Apple fans can preorder the Vision Pro headset today, they won’t be able to get them until Feb. 2 at the earliest. And while some of the first shoppers may be getting their devices then, those ...

Tricon Residential Inc.’s stock jumped 28% on Friday after Blackstone Inc. said it would buy the Canadian real-estate-investment company and take it private for $3.5 billion. Tricon Residential Inc.’s NYSE-listed stock TCN, +28.04% TCN, +27.64% was up by $2.46, to $11.08 a share, on Friday morning. Blackstone BX, -0.02% said its Blackstone Real Estate Partners X real-estate fund and Blackstone Real Estate Income Trust Inc. will buy all outstanding common shares of Tricon for $11.25 (equivalent to C$15.17 ...

As the S&P 500 has charged nearly 80% higher over the past five years, AT&T’s stock has missed the boat — big time.But the telecommunications stock, down 29% over a five-year span, now looks attractive, according to Oppenheimer analyst Timothy Horan. He upgraded AT&T’s stock T, +1.07% to outperform from perform in a Friday morning note. Horan sees promise in AT&T shares after the company spent years doing the “difficult” work of repositioning itself as a pure play on connectivity. “We believe these headwind ...

Move over, Nvidia Corp. A different chip name could be a bigger winner this year, according to a Citi analyst. Citi’s Atif Malik elevated Marvell Technology Inc.’s stock MRVL, +1.17% to his top specialty chip pick in a Friday morning note, bumping Nvidia’s stock NVDA, +1.21% to the No. 2 position. He cheered the 2024 setup for shares of Marvell, which sells compute, networking, storage and custom semiconductor offerings. The name is a play on the artificial-intelligence boom, according to Malik, who sees po ...

Apple’s stock has been dogged by various concerns this year, from a looming antitrust lawsuit to a fight over Apple Watch sensors to pressures in China. Could there actually be a silver lining for investors in all the skepticism?Evercore ISI analyst Amit Daryanani seems to think so, noting that buy-side expectations are likely below the consensus view for the most recent quarter. That means that if Apple AAPL, +3.26% can even just meet consensus projections for its latest quarter, the stock could move highe ...

JPMorgan Chase & Co. is giving Chief Executive Jamie Dimon a $1.5 million base salary raise for his “continued exemplary leadership” of the biggest bank in the United States.JPMorgan Chase JPM, +0.20% will pay Dimon $36 million in compensation in 2023, up from $34.5 million in 2022 as the bank’s independent board members considered his performance in a particularly challenging year, according to a late Thursday filing.JPMorgan Chase shares were up 0.3% in premarket trades on Friday. Dimon led JPMorgan Chase ...

Shares of Travelers Companies Inc. TRV, +0.43% surged 6.3% into record territory in premarket trading Friday, after the property casualty insurer reported fourth-quarter profit that rose well above expectations, citing lower catastrophe losses and higher underwriting gains. Net income nearly doubled to $1.63 billion, or $6.99 a share, from $819 million, or $3.44 a share, in the year-ago period. Excluding nonrecurring items, core earnings per share of $7.01 beat the FactSet consensus of $5.10. Total revenue ...

Investors should pass on shares of Ericsson and Nokia, say Barclays analysts who downgraded both telecom equipment providers, citing unappealing valuations and struggling radio access networks (RAN).The pair were dropped to underweight from neutral, with price targets lowered 15% and 35%, respectively. Shares of Ericsson ERIC, +1.49% ERIC.B, -3.04% fell over 3% and Nokia NOK, +0.58% NOKIA, -2.39% dropped more than 2% locally, with those losses reflected in U.S-listed shares ahead of the market’s open. “Tele ...

U.S. stock futures inched higher early Thursday, as Treasury yields dipped and stress eased in Asian markets.On Wednesday, the Dow Jones Industrial Average fell 94 points, or 0.25%, to 37267, the S&P 500 declined 27 points, or 0.56%, to 4739, and the Nasdaq Composite dropped 89 points, or 0.59%, to 14856.What’s driving markets U.S. equities remain in thrall to bonds. The good news for equity bulls on Thursday is that Treasury yields are nudging lower, encouraging index futures to stabilize. The S&P 500 has ...

Taiwan-based chip maker Taiwan Semiconductor Manufacturing Co. Ltd. on Thursday reported a 19.3% fall in net profit, but still managed to beat expectations amid hopes a global chip slowdown is easing.TSMC 2330, +1.20% TSM, +1.26% reported net income of new Taiwan dollars $238.71 billion ($7.6 billion) in the fourth quarter from NT$295.90 billion in the year ago period. The company was expected to post net income of NT$224.67 billion for the quarter ended Dec. 31, according to a poll of analysts by S&P Globa ...