The U.S. Federal Reserve should quickly get interest rates up to a level where borrowing costs will no longer be stimulating the economy, and should raise them further if high inflation proves persistent, Richmond Fed President Thomas Barkin said on Tuesday. “How far we will need to raise rates, in fact, won’t be clear until…
Did Donald Trump-Affiliated SPAC Stock Spike on Fox News Joining Truth Social?
Shares of a SPAC linked to taking former President Donald Trump’s media and social media company public jumped Tuesday. Here’s what could be causing the sudden spike. What Happened Social media app Truth Social is part of Trump Media & Technology Group, a company going public via SPAC merger with Digital World Acquisition Corp.. Fox…
US Airline Demand, Costs Soaring as Earnings Kick Off
April 14, 2022
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CHICAGO—Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report quarterly earnings starting on Wednesday. After a blip caused by the Omicron coronavirus variant, travel demand has roared back, with some airlines reporting the highest ticket sales in…
Ark’s Wood Remains Bullish on Tesla as US Recession Fears Rise
NEW YORK—Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns of the car maker’s Shanghai factory due to spiking coronavirus cases. “What we said during COVID about innovation solving problems will move into overdrive,” she told a webinar,…
A Turbulent Market Ahead?
Commentary Phases of volatility across U.S. stocks have played out in the last two months. After an initial war-driven decline in stocks ended in mid-March, replaced by a retail-driven melt up, the U.S. stock market has been on unstable footing in April. So where do investors go from here? While some experts—such as Goldman Sachs…
Circle Announces $400 Million Funding Round Led by BlackRock
Global internet finance company Circle, which is set to go public via SPAC merger later this year, on Tuesday announced a funding round led by BlackRock. What Happened Circle entered into an agreement for a $400 million funding round with investments from BlackRock, Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. In addition, BlackRock entered into a broader strategic partnership with Circle, which includes exploring…
Analysts Give Thumbs up to This Newly Formed Media Giant; Compare It to Disney
In 2021, AT&T Inc. and Discovery Inc. agreed to merge AT&T’s WarnerMedia assets with Discovery Inc.’s platform to create a standalone global entertainment company, now known as Warner Bros. Discovery Inc. Analysts are now comparing the new media firm with The Walt Disney Co. Evercore ISI analyst Vijay Jayant upgraded WBD to Outperform from In-Line with a price target of $40, down from $45…
Why This Nvidia, Qualcomm Analyst Is Lowering Price Targets for These Chip Stocks
Nvidia Corporation shares command a premium valuation, and sell-side’s theses have all along justified its valuation due to the chipmaker’s strong growth profile and optionality. An analyst at KeyBanc Capital Markets, however, deemed it fit to downwardly revise the price target, and here’s why: Semiconductor Analyst Analyst John Vinh maintained an Overweight rating on Nvidia…
LIVE UPDATES: Satellite Images Show Russian Ship Before Ammunition Blast
The latest on the Russia–Ukraine crisis, April 14. Click here for updates from April 13. Satellite Images Show Russian Ship Before Ammunition Blast Satellite images released on Wednesday (April 13) showed the Moskva Russian missile cruiser in the port of Sevastopol before it was damaged by an ammunition blast. The images, released by Maxar Technologies, show…
LIVE UPDATES: Satellite Images Show Russian Ship Before Explosion
The latest on the Russia–Ukraine crisis, April 14. Click here for updates from April 13. Satellite Images Show Russian Ship Before Explosion Satellite images released on Wednesday showed the Moskva Russian missile cruiser in the port of Sevastopol before it was damaged by an explosion. The images, released by Maxar Technologies, show the vessel in and…
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