Goldman Sachs is getting more bullish on Nvidia ahead of the company’s quarterly results. The firm increased its price target on Nvidia to $200 per share from $185 in a Thursday note and reiterated its buy rating. Goldman’s new forecast implies more than 11% upside from Wednesday’s $close. Analyst James Schneider said that even though investor expectations are high heading into fiscal second-quarter results at the end of August, the chipmaker should have no trouble rising to the occasion. NVDA YTD mountain Nvidia stock in 2025. “We expect Nvidia to deliver a clean beat-and-raise quarter, with the stock reaction likely…
Author: usaeverydaylife
Jakub Porzycki | Nurphoto | Getty ImagesThe crypto market jumped Thursday on excitement that bitcoin and other digital assets could soon be coming to 401(k) retirement plans.President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, including private equity, real estate and digital assets, CNBC has confirmed.The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Ether rose more than 4%, also returning to a one-week high.Crypto-linked stocks got a boost of energy as well in premarket trading. Coinbase gained 2%,…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | ReutersIntel shares were under pressure Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 5% lower.Stock Chart IconStock chart iconINTC dropsTan was named as Intel CEO in March. This week, U.S. Republican Senator Tom…
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesEli Lilly on Thursday said the highest dose of its daily obesity pill helped patients lose almost 12% of their body weight, or roughly 27 pounds, at 72 weeks in a late-stage trial, paving way for its entrance into the market.The pill’s weight loss was 11.2% when analyzing all patients regardless of discontinuations. Shares of the company fell more than 13% in premarket trading on Thursday. The data comes under what some Wall Street analysts were expecting…
The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs.The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous outlook of $58 billion to $61 billion on underlying strength across its business. The pharmaceutical giant also expects its adjusted fiscal 2025 earnings to come in between $21.75 to $23, up from a previous guidance of $20.78…
Caterpillar’s recent run higher is unsustainable and investors should steer clear of the stock as tariffs hit the business, according to Morgan Stanley. Morgan Stanley downgraded the construction and engineering equipment maker to underweight from equal weight in a Thursday note. It did raise its price target to $350 per share price from $283, though that still calls for more than 19% downside from Wednesday’s close. Analyst Angel Castillo said that while shares have surged more than 50% from their April lows, both profitability and broader fundamentals have not kept pace, which he said points to potential “negative earnings revision…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a “gradual and careful” approach to lowering interest rates.The BOE was widely expected to trim rates by 25 basis points at its latest monetary policy meeting, but traders and economists were keen to see the breakdown of support for the decision among the bank’s policymakers.As it turned out on…
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025.Andrew Caballero-Reynolds | Afp | Getty ImagesIndia’s stock market showed little sign of panic a day after the U.S. announced a 50% tariff on goods from the country and threatened secondary sanctions over its continued oil trade with Russia.The Sensex, the benchmark index for India’s blue-chip stocks, was down 0.8% as of 1:50 p.m. Mumbai time (4:20 a.m. ET) on August 7.From bureaucrats to businesses, there’s a broad consensus in India that…
A Rolls Royce driving past the entrance of the Jaeger-LeCoultre boutique on Rue du Rhône on August 2, 2025 in Geneva, Switzerland.Robert Hradil | Getty Images News | Getty ImagesBusiness leaders are scrambling to get their head around a new era of tariff complexity.The bemused mood among European chief executives on Thursday came as U.S. President Donald Trump sought to reshape the global trading system in America’s favor.The Trump administration slapped higher tariff rates of between 10% to 50% on dozens of trading partners just after midnight ET, following months of delays and extensions.As of Thursday, most imports into the…
Drazen Zigic | Istock | Getty ImagesA measure in President Donald Trump’s “big beautiful bill” that caps federal student loans could make it harder for medical students to finance their education or force them to abandon their medical school plans, experts say.Starting next year, the legislation caps the amount of federal loans students can borrow for graduate school at $100,000 over a lifetime — and sets a lifetime loan limit of $200,000 for professional programs, such as medical, dental or law school. Grad PLUS loans will also be eliminated entirely. Those changes go into effect for new borrowers on July 1, 2026.Some experts say the…
