Asian stocks ended mixed on Tuesday following sluggish overnight cues from Wall Street and Europe. The upside, if any, remained capped before key U.S. inflation data out later in the day that might offer some clarity over the path of interest rates. The dollar steadied and gold slipped from record highs while oil prices rose...
On Wednesday, TRI Pointe Homes (NYSE:TPH) received an upgrade in its stock rating by RBC Capital, moving from Sector Perform to Outperform. The firm has also set a new price target for the homebuilder\'s shares at $38.00. The upgrade is based on an optimistic view of the company\'s pricing outlook, as indicated by RBC ElementsTM...
German stocks traded slightly higher on Tuesday after final data from Destatis revealed that German inflation eased in February as initially estimated. The consumer price inflation slowed to 2.5 percent in February from 2.9 percent in January on weaker energy and food prices. The last time inflation was lower was in June 2021, when it...
French teenagers are more likely to invest in crypto than older citizens in the country, a report has claimed. Franceinfo reported that 15% of French people aged 18-24 years have already taken the crypto plunge. This is much higher than the national average, the outlet claimed. Franceinfo wrote that 9% of French citizens are thought...
On Wednesday, Piper Sandler assumed coverage on MidWest One Financial Group, Inc. (NASDAQ:MOFG) with a Neutral rating and a price target of $24.00. The firm set the price target based on 8.5 times the estimated earnings per share (EPS) for the year 2025, noting this valuation is at a discount compared to the 9.1 times...
French stocks were little changed in cautious trade on Tuesday as investors awaited the release of U.S. consumer price inflation data later in the day that might offer some clarity over the path of interest rates. Economists expect consumer prices to climb by 0.4 percent in February after rising by 0.3 percent in January. The...
Coinbase has filed a lawsuit against the Securities and Exchange Commission (SEC), seeking a court directive for the regulatory authority to establish clear guidelines for the cryptocurrency sector. In the lawsuit detailed in their March 11 court submission, Coinbase challenged the SEC’s lack of formal rulemaking for the crypto sector, asserting that the agency’s actions...
Shares of Porsche Automobil Holding (POAHY) fell more than 2% in Frankfurt on Wednesday, a day after the carmaker issued a weak profit margin outlook for 2024. The company’s operating profit rose 7.6% to €7.28 billion in 2023, while sales revenue climbed 7.7% year-over-year to €40.53 billion. Porsche proposed a dividend of €2.30 per ordinary...
The Japanese yen weakened against other major currencies in the pre-European session on Tuesday, as investors speculate that the Bank of Japan is likely to end ultra easy-monetary policy as early as next week. Traders looked ahead to a slew of crucial economic data, including reports on consumer and producer price inflation, for more clarity...
Nexon, the South Korean video game developer, plans to launch a web3 version of MapleStory on the Avalanche blockchain, adding user-generated content and new gameplay mechanics. The official blog post by Avalanche detailed that this version, named MapleStory N, will enable players to design and share their own creations within the game. Set to be...