Investing.com — Jefferies analysts project the S&P 500 will reach a fair value of 6,000 by the end of 2025, driven by favorable tax policies, deregulation, and market sentiment following the 2024 presidential election. The forecast is based on a forward price-to-earnings (PE) ratio of 20x and 2026 EPS estimates of $300, which are 4% below…
MEXICO CITY (Reuters) – Mexico’s main stock exchange on Friday reinstated a trading suspension on retailer Elektra (BMV:ELEKTRA) before shares changed hands, with Elektra warning that any trading would harm its business. Trading in the retailer, controlled by magnate Ricardo Salinas, has been suspended on and off for several months after Elektra said it had…
WASHINGTON (Reuters) – The U.S. Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta’s Facebook (NASDAQ:META) of misleading investors about the misuse of the social media platform’s user data. Source
Investing.com — Raymond (NS:RYMD) James analysts added Roblox Corp (NYSE:RBLX) stock to their ‘Analyst Current Favorites,’ the firm’s list of favorite stock ideas. The move comes as Raymond James sees RBLX as “very well-positioned” to continue broadening its reach in the Interactive Entertainment sector. “We believe the combination of a substantial outstanding user opportunity and plenty…
TOKYO (Reuters) -Alimentation Couche-Tard is not considering a hostile takeover bid for Japan’s Seven & i, the Nikkei business daily quoted the Canadian suitor’s chairman and co-founder, Alain Bouchard, as saying. In an interview with Japanese media conducted in Canada on Thursday, Bouchard said a hostile bid “was not among factors being considered,” indicating the…
(Reuters) – Canada’s TD Bank said on Friday it had appointed insider Michelle Myers as its global chief auditor, effective Dec. 9. The lender in October was slapped with a $3 billion fine and the rare imposition of an asset cap by U.S. regulators for violating a law aimed at preventing money laundering. Myers, who…
Investing.com — Amazon has announced an expanded partnership with artificial intelligence company Anthropic, committing an additional $4 billion investment. The move deepens their collaboration first revealed in September 2023 when Anthropic named Amazon (NASDAQ:AMZN) Web Services (AWS) its primary cloud provider, according to a press release. Anthropic has now designated AWS as its primary training partner…
WASHINGTON (Reuters) – A measure of U.S. business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year. S&P Global said on Friday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased…
BERLIN (Reuters) – New German finance minister Joerg Kukies said on Friday that a moderate and targeted reform of the debt brake, which limits the public deficit to 0.35% of gross domestic product, was being discussed. Germany’s ruling Social Democrats (SPD) and Greens in particular have bristled at the spending rules at a time when…
Investing.com– U.S. stocks traded mostly higher Friday, ending a generally positive week as investors digested more corporate earnings and the latest business activity data. At 09:45 ET (14:45 GMT), the Dow Jones Industrial Average gained 265 points, or 0.6%, and the S&P 500 index rose 12 points, or 0.2%, while the NASDAQ Composite dropped 10…
