Netflix can continue to march higher even as the stock already trades at record levels, according to Evercore ISI. Analyst Mark Mahaney maintained his outperform rating on the streaming giant and raised his price target by $200 to $1,350, which suggests nearly 14% potential upside ahead. Shares hit an all-time high this week, bringing their year-to-date gains to nearly 32%. Mahaney’s bullish sentiment on Netflix comes after Evercore ISI ran its 54th quarterly U.S. survey and 15th annual UK survey, which received roughly 1,300 respondents in each market. From the survey results, Mahaney observed live events to be a key…
Author: usaeverydaylife
Indian tourists and Kashmiris walk near the clock tower (Ghanta Ghar) in Srinagar, Jammu and Kashmir, on May 28, 2025. Firdous Nazir | Nurphoto | Getty ImagesIndia’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended March, despite the growing uncertainty in the global economy.The gross domestic product in the first three months of 2025, or the fourth quarter of the government’s fiscal year 2025, was sharply higher than the 6.7% growth forecast by economists in a Reuters poll.That marked the strongest quarterly growth in the fiscal year of 2025, accelerating from a 6.2% expansion in the…
The euro has seen significant gains against the dollar amid uncertainty around President Trump’s tariffs policies.Matt Cardy | Getty Images News | Getty ImagesU.S. President Donald Trump’s tariffs regime has sparked volatility in American assets — and European officials are making no secret of wanting the euro to seize upon wavering confidence in the U.S. dollar.The dollar is the world’s most commonly held reserve currency, accounting for almost 60% of global foreign exchange reserves and playing an important role in the trade of assets like oil and gold. It also acts as a peg for currencies including the Hong Kong…
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty ImagesThe fate of many of President Trump’s tariffs is uncertain after a string of court rulings this week.But even if a court block on country-specific tariffs is upheld, others that would remain on the books — for products like steel and automobiles — are still expected to cost consumers almost $1,000 a year, according to a new analysis by the Yale Budget Lab.”It does…
A crisis in the world of private credit may not unfold in the near term, but investors should think about what may happen when the next recession comes along. The Boston Federal Reserve recently published a paper exploring whether or not the surge of dollars into private credit will eventually pose systemic financial risk to the lending industry. While the paper didn’t directly answer the question posed, it’s important that it was asked at all. The private credit asset class has swelled to about $1.7 trillion . Firms in the industry provide loans to businesses in an environment where banks…
Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., exits federal court in the Brooklyn borough of New York, US, on Thursday, May 29, 2025. Yuki Iwamura | Bloomberg | Getty ImagesFormer Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1MDB.Leissner’s conduct was “brazen and audacious,” judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the…
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system.Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The legislation must still gain the Senate’s approval.”We see this legislation as creating the scope for the US administration…
European stock markets broadly riseEuropean stock markets broadly moved higher despite U.S. tariffs being re-imposed by U.S. courts.The Stoxx Europe 600 index is up 0.1%, the FTSE 100 added 0.4% and Germany’s DAX is higher by 0.3%. Meanwhile, France’s CAC 40 bucked the trend by declining 0.2% in early trade.— Ganesh RaoPositive start for European stock marketsEuropean stock markets are expected to open in positive territory on Friday.Futures contracts for the Stoxx Europe 600 index point to a 0.1% gain at the open. Meanwhile, the U.K.’s FTSE 100, is set to open 0.2% higher, France’s CAC 40 could add 0.1%…
A large number of commercial vehicles were assembled at Yantai Port for shipment and export overseas in Yantai City, Shandong Province, China, on April 24, 2025.CFOTO | Future Publishing | Getty Images A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs leads to cheaper goods, likely more consumer spending and higher corporate revenue, which tends to flow back to stock prices.This ideal scenario, however, rests on the assumption that the court’s decision is final and the Trump administration…
An overview of the construction site of the Stuttgart 21 railway station project seen on May 22, 2025 in Stuttgart, Germany.Thomas Niedermueller | Getty Images News | Getty ImagesGermany’s newly minted government is looking to the private sector to help save the country’s ailing infrastructure.Economy minister Katherina Reiche called for a cash injection earlier this month:”We need speed and investments, and we need private capital,” she told CNBC. “Of all the investments we will do, 10% of them could be done with public money, we need 90% of private sector investments.”Germany has become riddled with infrastructure issues after a long…
