Barclays analyst recommends loading up on Victoria’s Secret on the recent weakness. Adrienne Yih upgraded the fashion retailer this morning to “overweight”, citing confidence in “meaningful top-line acceleration and operating margin expansion.” But how high could Victoria’s Secret stock go in 2025? Let’s explore. How high could Victoria’s Secret stock…
French authorities have escalated their scrutiny of Binance, the world’s largest cryptocurrency exchange, by launching a judicial probe into allegations of money laundering, tax fraud, and other financial crimes, Reuters reported. The investigation, announced on Tuesday by the economic and financial crime section of the Paris prosecutor’s office (JUNALCO), spans…
The US Food and Drug Administration (FDA) has elevated its recall of Lay’s Classic Potato Chips to a “Class 1” alert, its most severe classification, due to the presence of undeclared milk. The FDA first announced on December 18, 2024, that Frito-Lay issued a recall on a “limited number” of the 13…
Artificial intelligence has been all the rage in financial markets in recent days after DeepSeek announced a new AI model that rivals OpenAI at a surprisingly low cost. While the revelation from the Chinese startup has been a major hiccup for US stocks in the near term, President Donald Trump…
A stampede broke out at the ongoing mega Hindu religious gathering of Mahakumbh in India’s Prayagraj during the early hours of Wednesday, reportedly killing dozens, as tens of millions of devotees descended on the holy city to bathe on Mauni Amavasya- the most sacred bathing day of the festival. According…
President Donald Trump has recently urged the US based technology companies to focus on innovation to remain competitive. His comment has been associated primarily to artificial intelligence, considering it came after the launch of DeepSeek’s new model that wiped billions off American AI stocks. But more broadly, it’s reasonable to…
Norway’s colossal $1.8 trillion sovereign wealth fund, one of the world’s largest, posted a robust 13% return in 2024, translating to a staggering $222 billion gain. This impressive performance was largely fueled by the booming US technology sector. However, despite this significant surge, the fund narrowly missed its self-imposed benchmark…
Maruti Suzuki India Ltd., the dominant player in India’s automotive market, reported a quarterly profit that fell short of expectations, revealing the challenges the company faces from escalating raw material costs. Despite a robust increase in sales volume, the carmaker’s profitability was squeezed by a substantial jump in production expenses.…
Gold price is on a corrective pullback after extending its gains to a three-month high on Friday. Since Fed’s December meeting when it hinted at slowing on its rate cuts in 2025, the precious metal has rallied by about 6%. An environment of lower interest rates tends to bolster the…
After rallying to a 12-year high in October 2024, silver price movements in recent weeks have been bearish. Over the past three months, the precious metal has been hitting lower lows and lower highs; a pattern that signals a bearish trend. As at the time of writing, silver was hovering…