Shares of Block (NYSE: SQ) surged sharply higher Tuesday, jumping as much as 12.4%. Deutsche Bank analyst Bryan Keane significantly lowered his price target on Block stock, down to $95 from $155, while maintaining his buy rating on the stock. While a lower price target normally wouldn't be reason to celebrate, it was what the analyst had to say about Block -- and more specifically Square's Cash App -- that got investors excited.
Britain will review its controls on outward investment and exports to protect its economic security, Prime Minister Rishi Sunak's deputy said, warning of the global economy's vulnerabilities to actions of players like Russia and China. Deputy Prime Minister Oliver Dowden said that globalisation had exposed the security risks of economic integration, citing the rise in the price of gas spurred by Russia's invasion of Ukraine, and "Chinese acts of economic coercion." "Our open economy is being targeted by state-based actors and their proxies, across our inbound and outbound investment flows, our imports and exports and our academic collaborations," Dowden said in a speech at the Chatham House think tank in London.
Madison Investments, an investment advisor, released its “Madison Small Cap Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned 11.4% compared to a 5.2% return for the Russell 2000 Index and a 6.9% return for the Russell 2500 Index. All sectors except communication […]
During a recent discussion in Pleasantville, New York, the Father of the Bride and Buffy the Vampire Slayer producer said she didn't understand the hype around the Euphoria star, adding, "She's not pretty, she can't act." A representative for the in-demand actress responded to Baum's "shameful" comments in a statement on Wednesday. "How sad that a woman in the position to share her expertise and experience chooses instead to attack another woman," the rep said. "If that's what she's learned in her decades in the industry and feels is appropriate to teach to her students, that's shameful.
This total cutie pie is a baby bat-eared fox who was born on 5 April 2024 at the Cincinnati Zoo & Botanical Garden. He is doing well in the care of the Zoo’s neonate specialists and animal care staff. The baby bat, known as a kit, is a little squeaker, according to staff at the zoo! “The kit, a boy, is progressing well with bottle feeding. He sleeps a lot, which is normal, and makes adorable vocalisations when it’s feeding time,”said Cincinnati Zoo’s Animal Ambassador Team head keeper Samantha Villa. “His eyes are already open, and he is curious about his surroundings,” adds Senior Trainer at the Cat Ambassador Program, Andie Haugen. In addition to meeting the kit’s nutritional needs, the team is spending time socialising him and making sure that he is comfortable with people. He will eventually become an ambassador animal, and visitors will see him in the zoo’s Cheetah Encounter and at some events. Bat-eared foxes have giant ears and exceptional hearing that helps them locate insects to eat. They also have more teeth than most mammals, making it easier to consume live prey and are native to southern Africa.
Nvidia and chips led the latest market retreat Wednesday. Taiwan Semiconductor earnings and guidance were upbeat.
FA Cup replays have been scrapped from next season as part of a deal the Football Association claimed will “strengthen” the competition.
Airline says demand has rebounded, with strong bookings at its holiday arm
Forty eight people died in the blaze at the Dublin nightclub on St Valentine’s Day in 1981.
With its heavy mood and gnomic song lyrics, this updated reimaging of Our Mutual Friend is like a 19th-century noir
A company has been forced to apologise after it edited Grenfell Tower from the skyline of a video.
Authorities are unclear as to what caused the outages after the 911 services were restored for some areas
UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct knowledge of the matter. UBS will shut up to 17 of its equity and bond private funds and return the money to the investors, out of 19 funds launched since the private fund management unit started in 2016, said two of the three sources. In China, private funds are equivalent to hedge funds and private equity funds, serving high net worth and institutional investors.
Prince William has been spending time with wife and children since last engagement in March
‘Maybe you dreamed this one during one of your court siestas, I don’t know’
NEW YORK (AP) — Former House Speaker Nancy Pelosi has completed a book about her years in public life, from legislation she helped enact to such traumatizing moments as the Jan. 6 siege of the U.S. Capitol and the assault at her San Francisco home that left her husband with a fractured skull. Simon & Schuster announced Thursday that Pelosi's “The Art of Power” will be released Aug. 6. “People always ask me how I did what I did in the House,” Pelosi, the first woman to become speaker, said in a s
Defence Secretary Grant Shapps says ‘naive’ not to expect an Israeli response to Iran attack but warns against actions spiralling out of control
Spring is the best time for cleaning your home from top to bottom. That’s also the perfect time to conduct a full home maintenance routine. Alpha Foundations joins us with what you should be looking out for.
Futures for Wall Street's main indexes gained on Thursday as chip stocks rebounded, while investors awaited commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts. Micron Technology rose 1.9% after a report that the memory-chip maker is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects. "Generally, fundamentals will be supportive of chip stocks, but also after such a strong rally, it's not unusual to see a bit of profit-taking," said Fiona Cincotta, senior market analyst at City Index.
U.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding alternatives like money-market funds for better returns. Net interest income (NII), or the difference between what a bank earns on loans and pays out on deposits, fell 20% to $886 million in the quarter. In recent weeks, analysts have pushed back expectations of interest rate cuts this year due to strong economic data.
There were temporary issues in Nevada, Nebraska, South Dakota and Texas overnight; the cause is unknown.
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