Raymond James thinks that shares of Block should continue pushing higher in the new year. The investment firm upgraded the fintech stock to outperform from market perform. Analyst John Davis also set a new target price of $115, implying upside of 33% going forward. Davis shared that a deep dive in Block’s seller gross payment volumes left him with greater confidence in the stock’s 2025 acceleration story. “In our view, Seller GPV is the most important metric for the stock, and we believe growth can accelerate back into the double-digits in ’25 (from ~8% in ’24) given the combination of…
Author: usaeverydaylife
Las Vegas Sands stands to benefit from the Chinese government’s new efforts to boost the nation’s economy, according to Jefferies. The investment firm upgraded shares of the casino operator to buy from hold and raised its price target to $69 from $60. The new forecast implies 38% upside from Thursday’s close. Analyst David Katz pointed to the improving gaming backdrop in Macao. The Chinese government’s recently announced monetary policy initiatives designed to improve the health of consumers will ultimately prove positive for Macao. The government announced in November a $1.4 stimulus package spread over five years. Meanwhile, room renovations in…
The NKT Victoria cable laying ship operates off the coast of Marske by the Sea as it lays cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, United Kingdom.Ian Forsyth | Getty Images News | Getty ImagesU.S. President-elect Donald Trump on Friday called on Britain to “open up” the North Sea, accusing the country’s Labour government of “making a very big mistake” with its energy tax policy.His comments came in response to a report about U.S. oil and gas producer APA Corporation unit Apache’s plans to end its operations in…
Best Citi credit cards for earning ThankYou® PointsA handful of rewards credit cards issued by Citi earn ThankYou® Points but if you want access to all of Citi’s transfer partners, you’ll need an annual fee card like the Citi Strata Premier℠ Card.It can also make sense to have more than one Citi credit card because there’s a synergy with certain benefits. For example, the Citi Rewards+® Card offers a 10% rebate on points redemptions (on the first 100,000 points you redeem per calendar year). If you link your Citi card accounts and pool your ThankYou® Points, your redemptions with other Citi…
On the first trading day of the year, all major indexes advanced, but they started tilting down before long. The likely culprit? Rising Treasury yields. Source link
European markets were on track to pull back when trading begins Friday amid a rocky start to 2025 for stocks around the world.The U.K.’s FTSE 100 was set to dip by around eight points to 8,243, Germany’s DAX was on track to fall by five points to 19,988 and the French CAC 40 was on course to shed 21 points to 7,369. Italy’s FTSE MIB was last set to fall around 107 points to 34,430.The pan-European Stoxx 600 had closed higher on Thursday after a volatile first trading session of the year.Investors weighed regional and global political uncertainty that could…
Around 30 supporters of impeached President Yoon Suk Yeol stage a sit-in protest in front of his official residence to block his arrest by the police in Seoul, South Korea, on January 2, 2025. A Seoul court issues a detention warrant for Yoon over his failed attempt to impose martial law, making him the first sitting South Korean president to face arrest. (Photo by Chris Jung/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea’s presidential guards and military troops prevented authorities from arresting impeached President Yoon Suk Yeol on Friday in a tense six hour stand-off inside Yoon’s compound…
A building at Nippon Steel’s East Nippon Works Kashima Area facility in Kashima, Ibaraki prefecture, north of Tokyo on Dec. 6, 2024. Richard A. Brooks | Afp | Getty ImagesU.S. President Joe Biden has decided to block Nippon Steel’s $14.9 billion takeover bid of U.S. Steel, The Washington Post reported on Friday, citing two unnamed administrative officials who did not have permission to speak about the matter.The White House is expected to announce Biden’s decision as soon as Friday, according to The Washington Post.The decision on whether to let the deal proceed was referred to Biden on Dec. 23 after the…
Kennie Bukky, co-founder of The Pivot PlaceCourtesy of Kennie BukkyOne millennial managed to save enough money to buy her own property by the age of 25, despite the gloomy economic landscape facing young people.Kennie Bukky, a U.K. based professional who’s under 30, is a compliance officer who has worked at firms including KPMG and Visa.By 25, she had managed to save £50,000 (around $63,000) and got a mortgage on her first home. Her savings and mortgage have been verified by CNBC Make It.Bukky explained that she didn’t have financial help from her parents and instead had to be extremely financially…
Residential 19th century style residential buildings in historic center of Paris, France.Kolderal | Moment | Getty ImagesEurope’s real estate sector is poised for further recovery in 2025, as investment activity picks up and growth returns across key market segments, analysts have predicted.A gradual uptick in transactions in 2024 looks set to gain pace in the coming 12 months, with further interest rate reductions seen easing pressure on the sector and reviving lackluster growth from recent years.Real estate investment activity is now forecast to increase 15% next year across the U.K. and other major European markets, according to real estate firm…
