Apple Inc. stock has been on a strong run in recent sessions, and an analyst at Wedbush is of the view there is further upside. Apple Analyst Daniel Ives maintained an Outperform rating on Apple and increased the price target from $185 to $200, suggesting more than 20 percent upside from current levels. Apple Thesis…
Why Apple Is on Track to $3 Trillion Market Cap in 2022: A ‘Safety Blanket’ Tech Stalwart During Market Storm
Analysis: New COVID-19 Scare Sparks Rate Rethink in Market
LONDON—Risks of a new COVID-19 hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive. Money markets no longer fully price a 25-basis-point interest rate rise by the Federal Reserve by June…
EU Sees ‘Decisive Moment’ for Building Single Capital Market
November 25, 2021
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LONDON—The European Union set out its third wave of reforms in six years on Thursday to try to build a seamless securities market that can compete better with London and New York, a step that will pit stock exchanges against rival platforms. The EU project to create a capital markets union (CMU) suffered a blow…
Alibaba, Xpeng Dip in Hong Kong: JD, Tencent, and Baidu Strike Gains as China Data Beats Estimates
Shares of Alibaba Group Holding Limited and Xpeng Motors fell in Hong Kong on Monday, while JD.Com Inc., Tencent Holdings Inc., and Baidu Inc. traded higher. Li Auto Inc. traded flat. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 0.9 percent lower at about $20.7 in Hong Kong, while e-commerce company JD.Com’s shares gained 1.6…
BOE Says Market Infrastructure Firms No Longer Need to Discuss Dividends
November 11, 2021
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LONDON—Financial market infrastructure and service providers no longer need to discuss paying dividends in advance with the Bank of England, it said on Thursday. The central bank had imposed the requirement in June last year, as part of a wider series of curbs on dividends aimed at ensuring firms had enough capital to see them…
Tiny House in Wealthy Boston Suburb Sells for $315,000
NEWTON, Mass.—A tiny home in a wealthy Boston suburb has sold after about a month on the market, albeit for far less than the original asking price of almost $450,000. The roughly 250-square-foot (23-square-meter) home in Newton sold on Monday for $315,000, according to Coldwell Banker Realty’s Hans Brings Results agency. The home, on a…
Spain’s Labour Market Shows Resilience Despite End of Summer Season
MADRID—Spain’s labour market remained resilient in October, official data showed on Wednesday, with joblessness edging lower and job creation surging in a month usually marked by rising unemployment at the end of the summer tourist season. The hospitality sector led job creation, accounting for just over 25,000 of the 102,474 positions added over the month,…
Swiss Banks Expect Market Access Deal With Britain in 2022: NZZ
ZURICH—The head of the Swiss banking lobby expects his country to strike a deal with Britain next year to open up the financial sector to cross-border business, he told the NZZ newspaper in an interview published on Wednesday. Both countries, which are outside the European Union, are negotiating an accord for market access by banks…
Analyst Upgrades Starbucks Following Post-Earnings Sell-Off: ‘Market Is Being Shortsighted’
Starbucks Corporation shares bounced back on Monday after the stock received a Wall Street upgrade by an analyst who believes the stock’s post-earnings sell-off is overdone. The Analyst Stephens analyst James Rutherford upgraded Starbucks from Equal Weight to Overweight and raised his price target from $118 to $130. The Thesis In the upgrade note, Rutherford said…
Robinhood Shares Drop Below IPO Price in After-Market Trading on Crypto Slowdown
October 27, 2021
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Robinhood Markets Inc.’s shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Shares of Robinhood were down 8.77 percent at $36.10 following the release of the results, below the $38…
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