Morgan Stanley’s analysts recently increased their price targets on Toyota and Honda, with Honda specifically highlighted as their top choice among Japanese automakers due to improved profitability prospects and sustained shareholder returns. This strategic move is based on the idea that Honda’s profitability is expected to shine brighter in the coming days with a broader
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Rashawn Russell, a former investment banker at Deutsche Bank, was sentenced to 41 months in prison after admitting to a Ponzi-like fraud that involved promising investors guaranteed returns from cryptocurrency trading. The scheme, which ran from November 2020 to August 2022, targeted friends, former college classmates, and colleagues at Deutsche Bank. Russell claimed that he
The recent election projections in South Africa have sparked significant political uncertainty, resulting in a decline in the country’s currency, stocks, and bonds. The African National Congress (ANC) is facing the possibility of losing its parliamentary majority for the first time in 30 years, which could have far-reaching implications for the nation’s economic and fiscal
In April, signed sales contracts on existing homes experienced a significant drop of 7.7% compared to March, marking the slowest pace since April 2020. This decline, reported by the National Association of Realtors, came as a surprise to many industry experts who anticipated flat sales compared to the previous month. The decrease in pending sales,
Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration (FAA) along with other top company leaders to present a quality improvement plan. This plan is aimed at showcasing better staff training and production practices at Boeing’s factories. The FAA ordered this report after a near-catastrophic incident involving an airplane door panel
In response to the escalating demand for artificial intelligence and its impact on energy consumption, Singapore has unveiled a green data center roadmap. This initiative is geared towards supporting the digital economy’s growth while addressing the strain on energy resources caused by the surge in AI and computing requirements. Senior Minister of State for Communications
Columbia Pictures’ Bad Boys: Ride or Die is set to hit theaters in China on June 22, marking the second installment of the Bad Boys franchise to be released in mainland China. The previous film, Bad Boys for Life, debuted in China in August 2020 amidst the Covid-19 pandemic, grossing a mere $3.2M. Despite this
Despite the challenging times faced by the global box office, there is still some positive news to celebrate. One such film that has reached a significant milestone is 20th Century Studios/Disney’s Kingdom of the Planet of the Apes. The movie has managed to surpass the $300 million mark worldwide. With $178.1 million coming from international
The recent transition to faster trade settlements for securities in the U.S. has been met with processing bumps, according to market participants. The move from a two-day settlement cycle (T+2) to a one-day settlement cycle (T+1) was adopted to comply with a rule change by the U.S. Securities and Exchange Commission. This shift in the
The recent market activity has taken a toll on Salesforce, with shares plummeting over 14% after missing first-quarter revenue estimates. The company did manage to surpass adjusted earnings expectations, but its current-quarter guidance fell short on both top and bottom lines. This drop signifies the importance of meeting revenue projections in maintaining investor confidence. UiPath
Thailand’s central bank has indicated that adjustments to interest rates may be considered based on changes in the outlook for the economy and inflation. However, Deputy Governor Alisara Mahasandana emphasized that interest rates are not the primary tool for stimulating economic growth. The Bank of Thailand’s current inflation target range of 1% to 3% is
Cathie Wood’s ARK Invest has recently made headlines with its decision to invest in Elon Musk’s startup xAI as part of its deepening focus on artificial intelligence. This move showcases the fund’s commitment to staying at the forefront of technological innovation and supporting ambitious ventures in the AI space. By taking a stake in xAI,
Dick’s Sporting Goods reported a solid first quarter with substantial growth in comparable sales. The company exceeded analyst expectations, with earnings per share of $3.30 compared to an expected $2.95, and revenue of $3.02 billion versus an anticipated $2.94 billion. This strong performance led to a 5.3% increase in comparable sales, driven by higher transaction
The recent rise in bond yields has sent ripples of unease throughout the European stock markets. Investors are on edge as they anticipate the release of key inflation data, fearing that monetary policy may remain tighter for a longer period. This has led to a decline in the DAX index in Germany, the CAC 40