Prime Minister Benjamin Netanyahu’s sudden attempt to remove the head of Israel’s domestic intelligence agency is the latest salvo in a two-year campaign by the Israeli government to exert more control over different branches of the state.The move prompted calls on Monday for mass protests and led to criticism from business leaders and the attorney general, summoning memories of the social upheaval in 2023 that was set off by a similar push to reduce the power of state watchdogs.Mr. Netanyahu’s plan to hold a cabinet vote on the future of Ronen Bar, the head of the agency known as the…
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Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on Capitol Hill on February 11, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty ImagesRespondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and raised their inflation outlook.Much of the change appears to stem from concern over fiscal policies from the Trump administration, especially tariffs, which are now seen by them as the top threat to the US economy, replacing inflation. The outlook…
Tesla gains could be limited as competition mounts, according to RBC Capital Markets. Analyst Tom Narayan lowered his price target to $320 per share from $440 on the electric vehicle maker. However, this new forecast still represents a potential upside of 34%. Narayan also kept his outperform rating on shares. Driving the lower price target are lowered expectations around pricing for the the company’s self-driving capabilities. “We now assume Tesla FSD pricing drops to $50/month in 2026 from $100/mo today,” he said. Tesla is also facing pressure from overseas rivals, particularly in China. “While we do think it unwise to…
Ralph Lauren is prepared to weather near-term tariff-related headwinds, Goldman Sachs said. The bank upgraded shares of the luxury fashion stock to buy from neutral. Analyst Brooke Roach accompanied the move by raising her 12-month price target to $286 from $280. Roach’s updated forecast represents a 30% upside from Monday’s close. The call comes as tensions between the U.S. and other key trade partners increase. The U.S. has placed tariffs on goods from Mexico, Canada and China. The latter countries slapped retaliatory levies on American products in response. RL 1M mountain RL 1-mo chart However, Roach said that Ralph Lauren…
The Reichstag building in the early morning.Paul Zinken/dpa | Picture Alliance | Getty ImagesGermany’s Bundestag is set to vote on a major fiscal package later on Tuesday, which includes changes to long-standing debt policies to enable higher defense spend and a 500 billion euro ($548 billion) infrastructure and climate fund.More than two thirds of parliament need to support the package in order for it to pass and become enshrined in Germany’s constitution. The law then also needs to be passed by the Bundesrat, a body representing the country’s states, on Friday.Under the proposed new laws, defense and certain security expenditures…
Coinbase is primed for strong returns ahead, according to Bernstein. The firm initiated the cryptocurrency exchange with an outperform rating, setting a price target of $310. This is roughly 64% above where shares of Coinbase closed on Monday. Coinbase has struggled this year, losing 24% as momentum following the U.S. election faded. However, analyst Gautam Chhugani thinks the tides are due to turn soon for the company. He pointed to support for the crypto industry from President Donald Trump as a catalyst for gains ahead. COIN YTD mountain COIN YTD chart “With the Trump Administration’s aspiration to make America the…
The messaging app’s business services are driving revenue growth. Source link
Israel’s overnight attacks on Gaza stopped short of an immediate ground invasion, suggesting that its leaders may be waiting to gauge Hamas’s reaction before returning to a full-scale ground war, analysts said on Tuesday.The Israeli strikes, which health officials said killed hundreds of people, followed weeks of fruitless negotiations on an extension to the country’s truce with Hamas. The talks stalled after Israel pushed Hamas to release significant numbers of hostages, a move that Hamas was unwilling to make without assurances that Israel would allow it to remain in power in Gaza after the war ends.The nature of Israel’s strikes…
Lip-Bu Tan appointed chief executive officer of Intel CorporationCourtesy: IntelIntel’s incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan’s thinking told Reuters, in a sweeping bid to revive the ailing technology giant.The new trajectory includes restructuring the company’s approach to AI and staff cuts to address what Tan views as a slow-moving and bloated middle management layer. Revamping the company’s manufacturing operations, which at one time only made chips for Intel but have been repurposed to make semiconductors for outside clients…
Shoppers in New York City, U.S., on Feb. 2, 2025.Robert Nickelsberg | Getty Images News | Getty Images The Wall Street adage to never bet against the U.S. consumer still holds true — to some degree. February’s retail sales, while lower than expected, still registered an increase. For the skeptics, that is like desperately squinting for a silver lining. It might very well be. But the dark clouds, in the form of U.S. President Donald Trump’s tariffs, are more ominous than usual.Tariffs, after all, are a tax on imported goods that will likely be passed on to the consumer. That…