Arsgera Solstice Advanced Materials (SOLS) down 1% in Monday’s trading even as UBS upgraded the specialty materials company to Buy from Neutral while lowering its price target to $78 from $88 previously, after shares tumbled ~20% during the past week following the announcement of the company’s Source link
Trump’s crypto riches loom over Clarity Act talks to ban conflicts for U.S. officials
On Monday, several Senate Democrats announced that they’d hold a press conference this week to state their opposition to Clarity and what they said is its “failure to rein in President Donald Trump’s corrupt crypto schemes.” Senator Murphy will join senators Chris Van Hollen and Jeff Merkley at that event…
How £100 a month could build an £8,254 second income
Image source: Getty Images A second income is the sort of prize usually reserved for Wimbledon finalists. But the weekend’s champions aren’t the only ones who can bank recurring rewards. While Arthur Fery burst onto the Centre Court scene, the stock market quietly kept doing what it has done for…
Circle’s (CRCL) OCC approval fails to ease core concerns, Mizuho says
Circle Internet Group’s (CRCL) final approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance, according to Japanese investment bank Mizuho. “While a positive development, we believe the market reaction is likely…
Dollar rises on geopolitical risks, rate hike expectations
Dollar rises on geopolitical risks, rate hike expectations Source link
The marginal bitcoin seller may be done liquidating, analysts say
Dessislava Ianeva, an analyst at Nexo, made a similar point in an email to CoinDesk. “ETF flows confirm it from another angle. The past ten days split between inflow and outflow, netting slightly positive,” Ianeva said. “Glassnode data shows spot selling pressure has faded. June’s net selling averaged nearly 2,000…
Strategy pauses bitcoin purchases as USD reserve reaches $3 billion
Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired just 520 BTC for approximately $35 million. Since then, the company has shifted its immediate focus from bitcoin accumulation to strengthening its liquidity position. During the week ending July 5, Strategy sold 3,588 BTC in two transactions.…
S&P 500 performs best when Fed keeps rates steady: HB Wealth (SPY:NYSEARCA)
mbbirdy/E+ via Getty Images The S&P 500 has historically delivered its strongest returns during periods when the Federal Reserve keeps interest rates unchanged, rather than when it is actively raising or lowering borrowing costs, according to Gina Martin Adams, Chief Market Strategist at HB Wealth. Source link
XRP-linked firm lands inside UK plan for tokenized repo, bonds and funds
The report also noted a problem with permissionless chains: a confirmed transaction can, in theory, be reversed by a chain reorganization. That introduces a settlement-finality risk that traditional infrastructures do not encounter. Nevertheless, the report said, established firms in traditional finance and crypto-native companies are converging. As one example, it…
Humana pops as Wells Fargo upgrades on moderating cost trends (HUM:NYSE)
jetcityimage/iStock Editorial via Getty Images Humana (HUM) popped 2% on Monday after Wells Fargo upgraded the health insurer to Overweight from Equal-Weight, citing moderating cost trends in Medicare Advantage. The brokerage also boosted Humana’s price target to $502 from $227. The price target implies a 28% increase from the Source…