FED MAY SEE MORE INFLATION PROGRESS SOON: CITI The Fed removed a reference to inflation’s progress…
Day: January 30, 2025
📰 FED MAY SEE MORE INFLATION PROGRESS SOON: CITI The Fed removed a reference to inflation’s progress toward the target in its January policy statement, giving the document a hawkish tint. But the 12-month PCE inflation rate, the Fed’s preferred measure, is likely to continue easing over the next few months as speedy price increases from early 2024 drop out of the figure, economists at Citi write. Indeed, the six-month and three-month annualized core PCE inflation rates are on track to fall below 2.5%, they note. “As early as the March FOMC meeting the FOMC might conclude that inflation is once again making progress toward their objective–or even that it has nearly arrived at it,” Citi writes.
📰 ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 2.75%; EST. 2.75%
ECB CUTS DEPOSIT FACILITY RATE BY 25BPS TO 2.75%; EST. 2.75%
📰 THE TYPICAL HOME IS TAKING NEARLY 2 MONTHS TO SELL. THAT’S THE SLOWEST PACE IN 5 YEARS: REDFIN REPORTS
THE TYPICAL HOME IS TAKING NEARLY 2 MONTHS TO SELL. THAT’S THE SLOWEST PACE IN 5…
Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Boosts Studio Results, Peacock Trims Losses
Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates. Revenue of $31.9 billion…
📰 $TSLA 🔸 Jefferies maintained a Hold rating on Tesla with a price target of $300 🔸 Baird reduced the price target for Tesla to $440 from $480 but kept the Outperform rating 🔸 Piper Sandler reaffirmed an Overweight rating with a price target of $500 for Tesla 🔸 Canaccord Genuity upheld the Buy rating and set the price target at $404 for Tesla. 🔸 Stifel maintained a Hold rating with a price target of $492 for Tesla. 🔸 TD Cowen kept a Hold rating with a price target of $180 for Tesla. 🔸 RBC Capital reaffirmed an Outperform rating with a price target of $440 for Tesla. 🔸 Mizuho maintained the Outperform rating with a price target of $515 for Tesla. 🔸 Truist Securities raised the price target to $373 from $351 while keeping the Hold rating for Tesla. 🔸 Morgan Stanley reiterated an Overweight rating with a price target of $430 for Tesla 🔸 UBS increased the price target to $259 from $226 but maintained the Sell rating for Tesla. 🔸 BofA Securities kept the Neutral rating with a price target of $490 for Tesla. 🔸 Wells Fargo raised the price target to $135 from $125 while maintaining an Underweight rating for Tesla.
$TSLA 🔸 Jefferies maintained a Hold rating on Tesla with a price target of $300 🔸…
📰 GRAYSCALE LAUNCHES GRAYSCALE® BITCOIN MINERS ETF (TICKER: $MNRS)
GRAYSCALE LAUNCHES GRAYSCALE® BITCOIN MINERS ETF (TICKER: $MNRS)
Suranne Jones & Jodie Whittaker Teaming On ITV Heist Thriller
EXCLUSIVE: Suranne Jones and Jodie Whittaker are teaming on an ITV heist thriller about two skilled…
American Airlines Jet Carrying 64 People Collides With Blackhawk Helicopter Over Potomac River; Trump Weighs In – Update
UPDATED: A regional commuter flight inbound from Wichita, Kansas has reportedly collided with a helicopter near…