KeyBanc said Zillow has more room to run ahead as the housing market improves. The firm upgraded the real estate marketplace to overweight from sector weight. Its price target of $100 implies upside of 26.3%. Analyst Sergio Segura highlighted Zillow’s app experience and innovation as a catalyst for stock growth. He added that an increase in existing home sales could serve as a macroeconomic tailwind for the firm. “We believe Zillow’s integrated app experience and increased penetration of enhanced markets can continue driving mid-teens growth in a historically challenging real estate market,” Segura said “Coupled with high incremental margins and…
Author: usaeverydaylife
United States Steel is running out of runway for growth, according to Morgan Stanley. The firm downgraded the steel stock to equal weight from overweight on Monday, alongside a $39 per share price target. Morgan Stanley’s forecast implies nearly 6% from Friday’s close. Analyst Carlos De Alba said that U.S. Steel stock is now currently trading right around its target valuation for the company, which leaves little room to run moving forward. “However, we no longer see meaningful upside to our standalone price target. While a deal with Nippon — or another party — may still happen, which is reflected…
Russian President Vladimir Putin smiles during his meeting with workers, while visiting the AvtoVAZ automobile plant, January 28, 2025, in Togliatti, Russia. Contributor | Getty Images News | Getty ImagesRussia’s Vladimir Putin warned Europe will quickly “stand at the feet of the master” after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, provoking a global markets meltdown and alarm among European allies.Commenting on Trump’s decision at the weekend to impose trade duties on America’s closest trading partners, the Kremlin on Monday said it was watching on as “tensions” build between the U.S. and its allies.”You know, there are…
President Donald Trump’s tariff plans could put pressure on Constellation Brands , according to Piper Sandler. The firm downgraded the alcoholic beverage producer to neutral from overweight and lowered its price target to $200 per share from $245. Piper Sandler’s forecast implies about 11% upside from Friday’s $180.80 close. Trump over the weekend slapped a 25% levy on imports from Mexico and Canada, along with a 10% duty on Chinese goods. Canada reacted with retaliatory tariffs of its own, while Mexico said it would explore duties on U.S. imports. Constellation Brands imports Mexican beers Modelo, Corona and Pacifico, meaning these…
As President Trump was locked in a war of words with the leader of Colombia over the military deportation of migrants, China’s ambassador to Colombia declared that relations between Beijing and Bogotá were at their “best moment” in decades.Zhu Jingyang, the ambassador, later said that it was a coincidence that he posted his comment on social media last week, a day after Mr. Trump said he would slap tariffs on Colombia. But the public outreach suggested that Beijing saw an opportunity to strengthen its hand in the high-stakes superpower rivalry between China and the United States.Two weeks into the second…
Beyonce speaks after winning the Best Country Album award for “Cowboy Carter” during the 67th Annual Grammy Awards on Feb. 02, 2025. Kevin Winter | Getty Images Entertainment | Getty ImagesBeyonce scored the top prize at music’s Grammy Awards on Sunday, taking album of the year for the first time in her career with her country record “Cowboy Carter,” at a ceremony that delivered a love letter to wildfire-ravaged Los Angeles.The superstar singer triumphed over Taylor Swift, Billie Eilish and others to claim the trophy that had eluded her even as she collected more lifetime Grammys than any other artist.”I just feel very full and very honored. It’s been…
A person buys products at a Mercadona store in Lisbon, Portugal, on January 25, 2025.Luis Boza | Nurphoto | Getty ImagesThe euro zone inflation accelerated to a hotter-than-expected 2.5% in January on an annual basis, flash data from statistics agency Eurostat showed Monday.Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.So-called core inflation, which strips out food, energy, alcohol and tobacco prices, came in at 2.7% in January and has remained unchanged since September. The closely watched services inflation print meanwhile inched lower to 3.9% in January from 4% in December.Energy…
President Donald Trump speaks at a joint news conference with Britain’s Prime Minister Theresa May (not pictured) in London, Britain, June 4, 2019.Carlos Barria | ReutersU.S. President Donald Trump on Sunday said trade tariffs would be imposed on the European Union and U.K., but signaled that a deal could still be worked out with Britain.Trump has sent global markets into a tailspin after following through on his threat to impose import tariffs on the U.S.’ largest trading partners, applying a 25% tariff on imports from Mexico and Canada and a 10% levy on goods from China. The tariffs are set…
Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty ImagesFinancial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026.The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024.That was a 55% improvement from the £78 million GoCardless lost the year prior.The firm noted that “restructuring activity” at the end of the full year ending June 2023 contributed to a reduction in operating losses in 2024. In June 2023,…
The Trump administration’s move to impose tariffs on Mexico sent shock waves across the country of 130 million people on Sunday, with economic sector after sector bracing for the impact of these measures.So far, Mexico has yet to provide any specifics on how it plans to hit back. But President Claudia Sheinbaum’s negotiators must select from areas where her country has some leverage to react, such as agriculture, and parts of the economy where it has little or none, like the energy industry.“Just as a starting point, Mexico has to retaliate,” said Kenneth Smith Ramos, a former Mexican government negotiator…
