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Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm’s exact forecasts.
Nour Photo/Getty Images The S&P 500’s record high this year has sparked a wave of target price increases from Wall Street. The most bullish price target for the S&P 500 is 6,000 from Evercore ISI, representing a gain of about 7%. Key upside factors include the benefits of artificial intelligence,…
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Market Breaks Records: Dow & S&P set for new high closes
U.S. stocks are trading near their highs after some declines yesterday. The correction was for one day — at least for the S&P and Nasdaq. The Dow Jones Industrial Average was higher yesterday, as was the Russell 2000 index of small companies. Today, all major indices are enjoying strong gains.…
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Abra buys Valkyrie’s Tron and Zilliqa trusts
Abra, a digital asset and wealth management platform, has purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto funds from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private funds before settling with 25 U.S. regulators over allegations that it operated without the required licenses. Marissa Kim,…
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Abra buys Valkyrie’s Tron and Zilliqa trusts
Abra, a digital asset and wealth management platform, has purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto funds from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private funds before settling with 25 U.S. regulators over allegations that it operated without the required licenses. Marissa Kim,…
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Delay in energy transition could be ‘costly and disorderly,’ BP says in annual outlook
SlavkoSereda/iStock via Getty Images Oil futures gave up early gains and settled lower on Friday, capping off the first weekly loss after four straight positive weeks, as the recent rally in prices allowed traders to to exit their positions with healthy profits. Prices are supported by A weak U.S. inflation…
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South Korea’s SK On in talks to supply prismatic EV batteries as it seeks turnaround By Reuters
By Heekyung Yang SEOUL (Reuters) – South Korean electric vehicle battery maker SK ON is in talks with automakers to supply prismatic batteries and expand its existing pouch battery range, a senior company executive said, as it struggles to improve performance amid slowing global demand for electric vehicles. SK ON,…
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The German Government Has Run Out Of Bitcoin
Germany’s on-chain Bitcoin wallet balance has officially hit zero, according to Arkham Intelligence, meaning selling pressure from the European economic powerhouse is likely at or near its end. The recent wallet outflows put an end to the bearish narrative that has been plaguing the crypto market for weeks, at a…
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Tesla CEO Elon Musk donates to Trump’s reelection bid
Billionaire Elon Musk has donated to a giant political action committee working to elect Donald Trump to the White House, a major move by the world’s richest person to make his mark on the American political landscape. Musk has contributed to a low-profile group called America PAC, according to people…
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Stock earnings for the quarter were kicked off. What’s on tap for next week?
JPMorgan, Wells Fargo and Citigroup kick off earnings season today. PepsiCo also reported earnings yesterday. So, what does the earnings calendar look like for next week? Monday, July 15 Goldman Sachs Black Rock Tuesday, Tuesday, July 16 American bank United Health Group gradual Morgan Stanley. Charles Schwab. PNC Interactive Brokers…
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Controversial 3-Year SEC Investigation Into Bitcoin L2 Stacks Concludes With No Charges
The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin. Second layer (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. SEC Ends Investigation Into Stacks Case Muneeb Ali, Co-Founder of Stacks Protocol, Advertise He concluded the SEC investigation with a social media post…
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Controversial 3-Year SEC Investigation Into Bitcoin L2 Stacks Concludes With No Charges
The US Securities and Exchange Commission (SEC) has concluded its three-year investigation into Bitcoin. Second layer (L2) blockchain Stacks (STX) and Hiro Systems without taking any action. SEC Ends Investigation Into Stacks Case Muneeb Ali, Co-Founder of Stacks Protocol, Advertise He concluded the SEC investigation with a social media post…
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Top 40 Under 40: Women make inroads in specialised career fields
A prominent neurosurgeon recently recounted how she was surprised by the reactions of new patients who expected a man to come in. This assumption is common in male-dominated professions. Specialized financial jobs such as accounting, investment banking, engineering, architecture and medicine are the jobs in which Kenyan women are making…
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Vietnam’s VinFast delays US electric car plant amid market slowdown By Reuters
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast has postponed the launch of its planned $4 billion North Carolina factory to 2028 and cut its delivery forecast for this year by about 20,000 units amid uncertainty in the global electric vehicle market. Vinfast, founded by Vietnam’s richest…
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Bitcoin Personas: How Coinbits Approaches Crafting User Experience
introduction in CoinbitsWe are committed to improving the Bitcoin user experience so that more people can benefit from it. As part of our ongoing commitment to transparency and community engagement, we recently released Roadmap for its products Public. Now, we are excited to share another working product that was created…
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Labour faces legal quandary over proposed North Sea licence ban
The Labour government faces a major legal challenge over its commitment to an immediate ban on new oil and gas exploration licences in the North Sea amid an ongoing licensing round. After Labour secured power with a decisive election victory last week, its promise to halt new exploration licences in…
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Global Market Weekly Recap: July 8 – 12, 2024
Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with…
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Is Ethereum About To Retest $4,000? Analyst Foresees 3x Rally
Romare is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create useful, comprehensive, and easy-to-understand articles that are accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Romare became curious about the…
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Elcora Announces Possible Late Filing of Annual Financial Statements and Management Cease Trade Order
This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 12, 2024 •…
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The Dow Industrial Average average can’t close at a record but closes just above 40,000
The Dow Jones Industrial Average hit an intraday high of 40,257, enough for a record close. The previous record close was on May 17, when the index closed above 40,000 for the first time ever at 40,003.60. However, late-day selling pushed the price below 40,000, before a last-minute rally brought…
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How Huione Guarantee Became A $11 Billion Scam Hub
In the evolving landscape of cybersecurity and online financial transactions, Huion Guarantee Huione Guarantee emerged as a pivotal platform in Southeast Asia, promising secure cryptocurrency transactions and protection against the growing threat of cyber fraud. However, beneath this security veneer, a maze of illicit activity was unfolding, placing Huione Guarantee…