JPMorgan Chase could have even more room for growth following its latest quarterly report , according to Wells Fargo. Analyst Mike Mayo, who has an overweight rating on the “best-in-class” bank, raised his price target to $325 from $320. The increase implies more than 13% upside from Tuesday’s close. Mayo’s target change comes after the big U.S. bank reported second-quarter revenue of $45.68 billion, beating the LSEG consensus estimate of $44.06 billion. Noting a rise in investment banking activity over the course of the quarter, the bank also hiked its forecast for full-year net interest income – a measure of…
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Even with President Donald Trump’s tariffs, the U.S. stocks with the highest international sales are actually besting domestic-focused names. Indeed, a recent analysis from Goldman Sachs found that the 50 S & P 500 stocks with the greatest overseas footprint outperformed the 50 S & P 500 stocks with the least exposure by 7 percentage points in 2025. International facing stocks advanced 11% from the start of the year, while U.S.-focused names rose just 4%. A big part of that story is the U.S. dollar, which dropped more than 10% through June in its worst first half going back to…
Representative Steve Scalise, a Republican from Louisiana, center, speaks to members of the media in Statuary Hall of the US Capitol in Washington, DC, US, on Wednesday, July 16, 2025.Valerie Plesch | Bloomberg | Getty ImagesThe future of a trio of crypto regulation bills was in limbo late Wednesday, after the second day of opposition from conservative House Republicans brought the legislation to a standstill.Fresh opposition emerged earlier in the day from a new bloc of Republicans who objected to last-minute changes proposed to appease the original conservative hold-outs from the day before.Negotiations are ongoing, but as of 4:30 PM more…
Tesla (TSLA) is facing significant challenges that present a compelling bearish outlook. Despite industry-leading growth metrics, Tesla faces declining deliveries, increasing competition and significant executive turnover. With recent price action suggesting that investors are concerned, this presents an optimal opportunity to seek bearish exposure using options with limited risk heading into next week’s earnings. Trade timing If we look at the chart, TSLA has continued to trend lower and recently was rejected at its $360 resistance level and more recently again at its $330 resistance level. Couple this with the stock underperforming the S & P 500, it suggests that…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin climbed after the House approved a procedural vote to consider three key crypto regulation bills after GOP lawmakers halted their passage the day before. Plus, Zack Shapiro, head of policy at the Bitcoin Policy Institute, breaks down the three crypto-related bills currently sitting in the U.S. House of Representatives. Source link
Fire-affected residents meet with FEMA officials on Jan. 14, 2025 in Pasadena, California, where a FEMA Disaster Recovery Center opened today to help homeowners, renters, businesses and non-profits with their economic recovery.Frederic J. Brown | AFP | Getty ImagesA group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from terminating a multibillion-dollar grant program that funds infrastructure upgrades to protect against natural disasters.The lawsuit filed in Boston federal court claims that the Federal Emergency Management Agency lacked the power to cancel the Building Resilient Infrastructure and Communities program in April after…
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024.Kevin Carter | Getty ImagesUnited Airlines’ second-quarter earnings beat estimates and its CEO said travel demand is picking up after a rocky start to 2025.Travel demand, particularly from more price-sensitive customers for domestic flights, had come in weaker than airline executives expected at the start the year, sending airfares lower. “The world is less uncertain today than it was during the first six months of 2025 and that gives us confidence about a strong finish to the year,” CEO Scott Kirby…
OpenAI CEO Sam Altman speaks to members of the media as he arrives at a lodge for the Allen & Co. Sun Valley Conference on July 8, 2025 in Sun Valley, Idaho.Kevin Dietsch | Getty Images News | Getty ImagesOpenAI said Wednesday that it expects to use Google’s cloud infrastructure for its popular ChatGPT artificial intelligence assistant.The reach for additional capacity aligns with OpenAI’s desire for more computing power to meet heavy demand after initially relying exclusively on Microsoft for cloud capacity. The two companies’ relations have evolved since then, with Microsoft naming OpenAI as a competitor last year.Both companies…
Facade with logo at headquarters of Scale AI, San Francisco, California, June 2, 2025. Smith Collection | Gado | Archive Photos | Getty ImagesWeeks after Meta poured $14.3 billion into Scale AI and hired founder Alexandr Wang, the artificial intelligence startup is cutting 200 full-time employees, or 14% of its staff. Scale AI’s interim CEO Jason Droege, who took over for Wang, told employees in a memo on Wednesday that the startup ramped up its generative AI capacity “too quickly” and created too many layers of “excessive bureaucracy.” He said Scale AI remains a well-resourced and well-funded company.”These changes will…
Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it’s clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most of 2025. By continuing to trade above the $2,870-breakout zone, the measured-move upside objective would be all the way up at $4,375. Momentum is also supportive of the move. ETH’s 14-day Relative Strength Index (RSI) now has spiked from the low 30’s to the mid-70s…
