A customer enters a Commerzbank AG bank branch in Berlin, Germany, on Tuesday, Aug. 6, 2024.Bloomberg | Bloomberg | Getty ImagesGermany will not sell any more shares in Commerzbank for the time being and the bank’s strategy is “geared towards independence,” the nation’s finance agency said on Friday.The statement comes days after the Italian bank UniCredit announced it had bought a 9% stake in Commerzbank – from the German government as well as on the open market – and its chief executive said he wanted to explore a merger. The agency announced that at a meeting on Friday it decided…
Author: usaeverydaylife
Federal Reserve Governor Christopher Waller said Friday he supported a half percentage point rate cut at this week’s meeting because inflation is falling even faster than he had expected.Citing recent data on consumer and producer prices, Waller told CNBC that the data is showing core inflation, excluding food and energy, in the Fed’s preferred measure is running below 1.8% over the past four months. The Fed targets annual inflation at 2%.”That is what put me back a bit to say, wow, inflation is softening much faster than I thought it was going to, and that is what put me over…
U.S. Representative Josh Gottheimer (D-NJ) speaks during a press conference about the SALT Caucus outside the United States Capitol on Wednesday February 08, 2023 in Washington, DC. Matt McClain | The Washington Post | Getty ImagesHouse lawmakers are using former President Donald Trump’s own words as leverage to pressure their colleagues into preserving the original state and local tax deduction, with a fight set to take shape next year.The SALT deduction allows tax payers to deduct up to $10,000 of property, sales or income taxes that have already been paid to state and local governments. Historically, most of the tax payers…
When Aitana Bonmati won the Ballon d’Or last year, it brought a global spotlight to a player whose genius was crying out to be recognised.Even now, it would be hard to argue that there is a better female footballer on the planet.Over the past 16 months, Bonmati has won the Champions League twice and the Spanish top-flight, Liga F, twice with Barcelona. With Spain, she lifted the Women’s World Cup in August last year before adding the inaugural Women’s Nations League in February. Her goals and golden touch make her a leading contender to win another Ballon d’Or this year.…
Here are Friday’s biggest calls on Wall Street: Jefferies initiates Duke Energy as buy Jefferies said the energy company is a top idea. “We initiate Duke Energy (DUK) at BUY with a $138.00 PT as a top large cap idea.” Morgan Stanley upgrades Centessa Pharmaceuticals, to overweight from equal weight Morgan Stanley said in its upgrade of Centessa that it’s bullish on the biopharma company’s narcolepsy treatment. “We upgrade our rating to Overweight (from Equal-weight) and raise our PT to $26 (from $11).” Morgan Stanley downgrades Pepsi to equal weight from overweight Morgan Stanley said it sees “topline softness.” “..…
Centessa Pharmaceuticals could be at the forefront of a leading narcolepsy treatment that can send its shares soaring, according to Morgan Stanley. Analyst Jeffrey Hung upgraded the clinical-stage pharmaceutical company to overweight from equal weight. He also lifted his 12-month price target by $15 to $26, which suggests a whopping 64% potential upside. Shares are up nearly 108% this year and rose more than 5% Friday on the upgrade. CNTA YTD mountain Centessa stock this year. Centessa is developing a pipeline of orexin receptor 2 agonists , which attempt to activate parts of the body involved with regulating sleep and…
Republican presidential nominee and former U.S. President Donald Trump looks on during a rally at Nassau Veterans Memorial Coliseum, in Uniondale, New York, U.S., September 18, 2024.Brendan Mcdermid | ReutersShares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after “lockup” restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares.Trading volume was heavier than average on Friday morning, but it will likely be several days before public filings with the Securities and Exchange Commission reveal whether this volume is due to…
Diana Taurasi, playing in her 20th WNBA season, didn’t officially announce her retirement Thursday night after the Phoenix Mercury’s regular season finale against the Seattle Storm. But the Mercury icon hinted the end may be imminent as she addressed the home crowd.“If it is the last time, it felt like the first time,” Taurasi said as the crowd chanted, “one more year.”“I love you guys.”Taurasi played 18 minutes Thursday as the Mercury lost 89-70 to the Storm, where she scored nine points and tallied one rebound and two assists. With 3:11 remaining in the fourth quarter, fans at the Footprint…
Consumers may feel their medical bills are unyielding, inflexible, set in stone. But that’s not always true: A new study shows patients can often reap financial benefits by disputing charges that seem erroneous or by negotiating for financial relief.Of consumers who don’t reach out to question a medical bill, 86% said it’s because they didn’t think it would make a difference — but “the experiences of those who did reach out provide evidence to the contrary,” according to a new University of Southern California study.About 26% of people who called because they disagreed with a charge or couldn’t afford to…
The Dow Jones Industrial Average surged to a record above 42,000 on Thursday. That rally may not be sustainable, based on the venerable ” Dow Theory .” The century-old Dow Theory looks at the relationship between the Dow Industrials and the Dow Transports , and argues that market trends must be confirmed by both groups. In other words, if the Dow Industrials are going lower, then Transports most also be falling to confirm a prolonged negative run. Right now, investors are presented with the Dow Industrials at all-time highs and Transports barely positive for the year. Transports are up just…