On Wednesday, Wolfe Research adjusted its outlook on Boeing Co (NYSE:BA), reducing the aerospace giant\'s price target from $270 to $260 while reaffirming an Outperform rating. The move reflects a reassessment of the company\'s near-term prospects in light of recent events and market performance. Boeing\'s stock has experienced a significant decline, falling 30% this year,...
European stocks ticked higher on Tuesday, after having fallen for the first time in three days the previous day due to uncertainty about the outlook for interest rates. There was some cheer on the economic front, with German inflation easing in February as initially expected. Elsewhere, weak U.K. employment and wage growth data spurred hopes...
President Joe Biden has reignited the debate surrounding implementing a 30% tax on electricity used by crypto miners in a budget proposal for 2025. The proposal, outlined in a document titled “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals” by the U.S. Department of the Treasury, aims to address the current gap in regulations regarding...
After a slightly positive start and a subsequent fall into negative territory, the Canadian market edged higher Tuesday morning, amid optimism about the outlook for U.S. interest rates after data showed a slowdown in the annual rate of core consumer price growth in January. Technology, consumer discretionary, healthcare and industrials shares are among the notable...
Tether, the issuer of the world’s largest stablecoin, USDT, announced on March 11 the launch of its stablecoin on the Celo chain. In a statement, the stablecoin issuer said the expansion marks a major milestone for the firm and Celo. Tether Launches On Celo As of March 12, USDT is the largest stablecoin with a market...
The U.S. dollar was higher against its major counterparts in the New York session on Tuesday, after a data showed that consumer inflation increased in line with economist estimates in February, denting prospects of imminent rate cuts from the Federal Reserve. Data from the Labor Department showed that the consumer price index climbed by 0.4...
European stocks closed on a bright note on Tuesday with investors reacting positively to U.S. consumer price inflation data that raised optimism about the outlook for interest rates. Data showing a drop in German inflation, weak U.K. employment and wage growth data spurred hopes of rate cuts by the European Central Bank and the Bank...
Israel’s Central Bank unveiled plans on March 11 to launch an interest-bearing Central Bank Digital Currency (CBDC), dubbed the “digital shekel”. In a recent document, the Bank of Israel (BoI) outlined its proposal for the ‘digital shekel,’ highlighting key features such as wallet provision and bank payment services. Requirements for the ‘Digital Israeli Shekel’ The...
FOX Business analyst Eleanor Terrett opined on March 11 that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members, as an example. In an interview with Tony Edward of Thinking Crypto,...
This year, Equal Pay Day in the U.S. falls on Tuesday, March 12. So what is the significance of the Equal Pay Day? It is a day that was originated by the National Committee on Pay Equity, or NCPE, in 1996 to promote public awareness regarding the gap between men\'s and women\'s wages. This is...
