Lujiazui Business Districk in Pudong, Shanghai, China.Liqun Liu | Construction Photography | Hulton Archive | Getty ImagesAsia-Pacific markets were set to climb Wednesday, after Wall Street traded mixed on hopes that the record-setting U.S. government shutdown could be nearing an end and AI trade stumbling.Japan’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 51,190, and its counterpart in Osaka at 51,110, against the index’s Tuesday close of 50,842.93.Australia’s S&P/ASX 200 was flat.Futures for Hong Kong’s Hang Seng Index pointed to a slightly higher open, trading at 26,865, against the index’s…
Author: usaeverydaylife
Here are Monday’s biggest calls on Wall Street: Jefferies reiterates Apple as hold Jefferies said its checks show Apple’s iPhone volume has likely peaked. “iPhone has been super strong in China driven entirely by 17, and due mostly to pricing.” Goldman Sachs upgrades Piper Sandler to buy from neutral Goldman said it’s bullish on the capital markets and financial services company. “We upgrade PIPR to Buy (from Neutral), with a $386 price target, or 17% upside (vs. 14% on average across our IBanks coverage), and 19% total return, inclusive of a 2% dividend yield.” Deutsche Bank upgrades MP to buy…
The final trades of the day with CNBC’s Melissa Lee and the ‘Fast Money’ traders. Source link
CNBC’s Jim Cramer suggested some artificial intelligence companies might start to underperform after months of easy gains across the board, expressing concerns about OpenAI’s ability to pay the billions it’s committed to spend on an infrastructure buildout.”In this kind of environment, you need to start diversifying into other growth areas, perhaps in time to keep all the king’s horses and all the king’s men sidelined,” he said. “Maybe OpenAI can come public and Humpty-Dumpty won’t have a great fall, but in the meantime, it’s something you need to keep an eye on.”OpenAI has inked deals with many tech peers worth…
Supplemental Nutritional Assistance Program (SNAP) signage at a grocery store in Dorchester, Massachusetts, US, on Monday, Nov. 3, 2025. Mel Musto | Bloomberg | Getty ImagesThe Supreme Court on Tuesday extended until late Thursday night a pause in a federal judge’s order that the Trump administration pay full SNAP benefits for November.The two-day delay, which was objected to by Justice Ketanji Brown Jackson, gives Congress time to pass a short-term funding bill that would reopen the U.S. government, which has been shut down since Oct. 1, and fund the SNAP program that provides 42 million Americans with food stamps.The Trump…
The U.S. Capitol is shown the morning after the Senate passed legislation to reopen the federal government on Nov. 11, 2025 on Capitol Hill in Washington, DC.Win McNamee | Getty ImagesThe Senate Agriculture Committee has released a draft of its portion of a much-awaited digital assets market structure bill — a critical step toward accelerating institutional and retail adoption of cryptocurrencies. Unveiled on Monday by Agriculture Chair John Boozman, R-Ark., and Sen. Cory Booker, D-N.J., the bipartisan discussion draft lays the groundwork for creating guardrails for the crypto industry in the U.S. It also establishes guidelines for institutions that want to…
Multiple waves of obesity treatment adoption should drive Eli Lilly higher from here, according to Leerink Partners. The investment firm upgraded the biopharmaceutical stock to outperform from market perform. Analyst David Risinger also hiked his price target to $1,104 per share from $886, pointing to upside of 19% from Friday’s close. Eli Lilly reached deal with the Trump administration in which Medicare will begin covering GLP-1s for certain patients with obesity beginning next year. Monthly out-of-pocket costs for patients could range anywhere from $50 to $350. LLY YTD mountain LLY YTD chart “LLY’s deal with the U.S. government should significantly…
David Risinger, Leerink, joins ‘Fast Money’to share his prognosis for the biopharma space. Source link
The U.S. Capitol building after the U.S. Senate advances a bill to end the government shutdown in Washington, D.C., U.S., November 10, 2025. Evelyn Hockstein | ReutersEconomic data releases that have lagged during the government shutdown likely will take some time to get rolling again once Congress is back in business.The reopening could happen as soon as the end of this week once final votes take place and President Donald Trump signs a stop-gap spending bill into law.From there, though, it will take the various agencies, primarily in the departments of Labor and Commerce, to get up and rolling again…
Crystals of gallium are seen in a laboratory at Freiberg University of Mining and Technology in Saxony, Germany on 13 September 2023.Picture Alliance | Picture Alliance | Getty ImagesChina has rolled back a number of restrictions on its export of critical minerals and rare earth materials to the United States, in a sign that a trade truce between the world’s two largest economies is holding.China’s Ministry of Commerce said Friday that it would suspend some export controls on critical minerals used in military hardware, semiconductors and other high-tech industries for a year.The suspended restrictions, first imposed on Oct. 9, include…
