Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

The logo of Coinbase Global Inc, the largest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase Shares jumped after a federal judge in Manhattan dismissed a class action lawsuit against the cryptocurrency exchange on Wednesday in … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

Deutsche Bank smashes fourth-quarter profit forecast as rising interest rates bolster revenue

Deutsche Bank smashes fourth-quarter profit forecast as rising interest rates bolster revenue

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. Kai Pfaffenbach | Reuters German Bank Thursday reported its 10th consecutive quarter of earnings, supported by higher interest rates and favorable market conditions. Deutsche Bank announced net profit attributable to shareholders of 1.8 billion euros ($1.98 billion) … Read more

Analysts Name 4 Alternatives to Alibaba in China’s Tech Sector

Analysts Name 4 Alternatives to Alibaba in China’s Tech Sector

Chinese stocks have rebounded in recent months following the country’s reopening – and that has gotten investors excited about the tech. No Chinese tech stock has generated as much excitement as Alibaba, one of the best-known names in China’s internet industry. The stock is a favorite of Wall Street analysts, with Morgan Stanley naming Alibaba … Read more

Adani cancels $2.5 billion stock sale as regulatory concerns mount

Adani cancels .5 billion stock sale as regulatory concerns mount

Signage of Adani Group is pictured outside Mumbai Chatrapati Shivaji International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee AFP | Getty Images On Wednesday, Gautam Adani announced that he was abandoning the sale of $2.5 billion in shares of his … Read more

How the Fed Managed to Trigger a Stock Market Rally While Talking Tough

How the Fed Managed to Trigger a Stock Market Rally While Talking Tough

Fed Chairman Jerome Powell spoke tough on Wednesday, promising further rate hikes in the relentless fight against inflation, but he also let slip a few comments dovish enough to send the stock market higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its … Read more

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has officially laid out plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged … Read more

Central banks set to signal path of sliding interest rates in crucial week

Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy … Read more