Wells Fargo shares edged lower in premarket trading Monday after Morgan Stanley analyst Betsy Graseck downgraded the bank to equal weight from overweight. The move comes even as Graseck raised her price target on the stock to $95 from $87, a level that implies just 2.3% upside from Friday’s close.The…
The weekend’s headlines were dominated by high-profile political developments in the United States and the United Kingdom, with remarks on Middle East negotiations, a provocative White House social-media post, a sudden change in New York’s mayoral race, and a looming US government funding showdown. Trump: Gaza negotiations “in their final…
Even as gold has hit a series of record highs recently, silver’s rally remains more impressive this year so far. Silver prices on COMEX have risen by a whopping 57% since the start of the year, outperforming even gold, which has gained 45%. Last month alone, gold’s little brother rose by 15%.The…
A violent attack in Michigan has left at least four people dead and eight others injured after a former US Marine drove his vehicle into the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township, set the building on fire, and opened fire with an assault rifle.The suspect,…
France is confronting one of its biggest fiscal challenges in years, with Prime Minister Sebastien Lecornu under pressure to balance the euro area’s largest deficit while addressing mounting demands for tax justice. At the centre of the debate is whether the nation’s wealthiest citizens and biggest companies should pay more…
GSK announced on Monday that Chief Executive Emma Walmsley will step down after nine years in the role, with current Chief Commercial Officer Luke Miels set to take over on January 1. The transition marks a major shift for the UK-based drugmaker as it seeks to define its long-term growth…
Moldova’s pro-European Party of Action and Solidarity (PAS), led by President Maia Sandu, is set to form a majority government after securing 50% of the vote in a parliamentary election closely tied to the country’s future relationship with the European Union. With most of the 1.6 million votes counted, PAS…
The TikTok deal has intrigued the markets experts, not just because of its $14 billion price tag but because of what it represents: a rare blend of politics, regulation, and corporate strategy colliding in real time. For many investors, the deal is less about numbers on a balance sheet and…
Following a social media post by US President Donald Trump over the weekend, which suggested potential health benefits from cannabidiol use, shares of cannabis companies rose in early premarket trading on Monday, according to a Reuters report.In a post on Sunday, Trump suggested that cannabidiol (CBD) holds significant promise for…
BP, a British energy major, announced on Monday its decision to proceed with a $5 billion offshore drilling project in the US Gulf of Mexico. This move highlights the company’s dedication to rebuilding its oil and gas business in the American region.The Tiber-Guadalupe project, a significant undertaking in the oil and…