Here are Monday’s biggest calls on Wall Street: Stifel reiterates Tesla as buy Stifel cut its price target on the stock but said it is sticking with Tesla shares. “We are updating our forecasts to reflect lower near-term sales, and trimming our target price to $455 from $474. We expect share price volatility to persist in the near term, but remain optimistic on TSLA’s medium- to long-term prospects and reiterate our Buy.” Morgan Stanley upgrades KLA to overweight from equal weight Morgan Stanley says it sees a “rich catalyst” path ahead and robust earnings in late April for the semis…
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Image source: Getty Images The Lloyds Banking Group (LSE: LLOY) share price fell 3% in volatile trading when the market opened Monday morning (31 March), before steadying. Close Brothers Group (LSE: CBG) lost 8% by midday, and we see a 34% crash over the past 12 months. It looks like nerves are on edge ahead of the car-loan mis-selling case due to kick off at the Supreme Court on 1 April. What’s it about? In October 2024, the Court of Appeal ruled it illegal for lenders to pay commissions to car dealers without fully-informed consent from customers. And now, Close…
Private equity (PE) and private debt (PD) are often viewed as distinct investment strategies, but they are increasingly intertwined in today’s financial landscape. The ongoing spat between KKR and Bain Capital over Fuji Soft[1] highlights how PE firms can be hostile toward each other, yet the rise of private credit has led to more collaboration between these entities. This post explores the evolving relationship between PE and PD and the implications for investors, regulators, and the broader economy. Early in 2023, Apollo and Blackstone’s credit arms were among a syndicate of lenders backing the financing of Carlyle’s investment in healthcare…
Equities drop, Bond prices surge and Gold spikes ahead of Trump’s reciprocal tariffs. US President Trump confirmed that all countries will be targeted. The US Dollar Index trades stable around 104.10, though no safe-haven flows in the Greenback. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, lacks direction and trades almost flat on Monday. The DXY is completely left in the dark while Equities are selling off, Bond prices are spiking higher, and Gold has hit a fresh all-time high above $3,100 earlier in the day. The move comes after…
In a government-launched tender for the supply of high-quality, nature-based carbon credits, Singapore has successfully attracted nearly $1 billion (S$1.3 billion) from 17 different submissions. Launched back in September 2024 by the Prime Minister’s Office Strategy Group, the tender was looking to source credits that are to be delivered by February 2031 at the latest.Following the tender closure in February 2025, data published on the government’s procurement portal, GeBiz, showed that the carbon trading arm of commodities giant Trafigura made the highest bid for an undisclosed number of carbon credits and per-unit price, totaling nearly $223.5 million (S$300 million). The second largest…
Image source: Getty Images Pets at Home Group (LSE: PETS) was trading significantly lower today (31 March). As I write, the FTSE 250 stock is down 13% to 205p, bringing the four-year decline to 50%. Yikes! Here, I’ll look at what has caused today’s sell-off, and whether I think the stock now looks attractive. Trading update Pets at Home is the UK’s leading one-stop destination for pet owners, offering a wide selection of food, toys, and accessories in more than 450 stores. It also provides grooming services. My mate likes to pamper his pooch at one of the firm’s dog…
Marine Le Pen, member of parliament and French far-right National Rally (Rassemblement National – RN) party leader, arrives at the RN party headquarters in Paris, France, July 1, 2024.Benoit Tessier | ReutersThe leader of France’s far-right National Assembly Marine Le Pen has been barred from running for public office for five years after being found guilty of misappropriating EU funds, according to Reuters and French media.The decision is a watershed moment in French politics as its halt her 2027 presidential election hopes and throws her party into disarray after a meteoric rise in popularity in recent years. It’s widely expected…
Image source: Getty Images Time is ticking for me to max out my ISA allowance before the current tax year slams shut. So I’m searching for the best FTSE 100 stocks to buy to make full use of my Stocks and Shares ISA. Any of the £20k allowance I don’t use can’t be extended into the 2025/26. Of course, I don’t actually need to buy any securities to make use of it. Rather, I just need to have the money deposited in my Stocks and Shares ISA to shelter myself from capital gains tax and dividend tax. But the exceptional…
Image source: Getty Images. Palantir Technologies (NASDAQ: PLTR) stock has been one of the biggest winners of the artificial intelligence (AI) revolution so far. It’s up by a whopping 1,237% since the start of 2023! While not as dramatic, the 12-month return of 273% is nothing to be sniffed at. It means an investor who put £10,000 into the AI growth stock one year ago would now have £37,300! Nice. Mind you, our investor would have been sitting on about £54,000 in mid-February when the Palantir share price peaked at $124. It’s currently at $85, meaning it has plunged 31%…
European Central Bank (ECB) President Christine Lagarde said on Monday that “we’re almost at our inflation target.”Additional comments”Keeping inflation in check is a constant battle.””Inflation needs to come down in a durable manner.””To do this, we need to have an interest rate that is carefully set.””Trump tariffs a chance for Europe to show independence.””Any ensuing trade war would be a lose-lose scenario.”Market reactionThe EUR/USD pair is trading listlessly below 1.0850, at the time of writing, unfazed by the above comments. ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets…