Investing.com — JPMorgan analysts anticipate significant shifts in crypto markets under a second Trump presidency, driven by a Republican-controlled Congress and expectations of crypto-friendly policies. These changes could reshape the regulatory and market landscape, according to the investment bank. Pending Legislation AdvancesKey crypto-focused legislation, such as the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Clarity for Payment Stablecoins Act of 2023, might be expedited, says JPMorgan. They explain that these bills aim to clarify the roles of the SEC and CFTC, establish stablecoin frameworks, and limit government-backed digital currencies in favor of private-sector alternatives. Collaborative Regulatory…
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Image source: Getty Images Even after many US stocks have drastically increased so far this year, I’m still hunting for the best to buy and hold for the long term. And with a fresh earnings season revealing stronger performance on the back of improving economic conditions, a lot of new growth could be just around the corner. I’ve already started topping up some of my existing portfolio positions as well as opening new ones. So, here are two of my latest stock purchases. The powerhouse behind pharmaceuticals Veeva Systems (NYSE:VEEV) is not a household name. But in the world of…
Wealthy donors to the president-elect’s campaign anticipate a more business-friendly atmosphere, including the firing of Biden-era regulators. Source link
Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week. InvestingPro subscribers always get first dibs on market-moving AI analyst comments. Upgrade today! Alarm.com What happened? On Monday, JPMorgan initiated coverage on Alarm.com Holdings Inc (NASDAQ:) at Underweight with a $50 price target. *TLDR: Alarm offers scalable cloud security solutions. JPMorgan rates Alarm Underweight, citing revenue concerns. What’s the full story? Alarm has developed a robust and scalable cloud-monitoring and management platform, primarily targeting the residential and commercial security sectors according to JPMorgan analysts. Operating on a B2B2C model, Alarm collaborates…
Companies capable of hypergrowth often see their stock prices bid up to outrageous levels. Often, however, shares remain a bargain compared to their long-term potential. Those willing to stomach the high upfront premium can be heavily rewarded if they remain patient. Even after rising more than 100% since I first pointed out how cheap the shares were, my favorite hypergrowth stock still looks like a bargain compared to its long term potential. Let’s take a closer look. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Since the year began, I’ve…
Investing.com — Gold has recently performed as expected leading up to the U.S. election, but Societe Generale (OTC:) analysts suggest the precious metal may take a breather in the near term. Despite this, they see robust long-term drivers that reinforce the yellow metal’s unique role in financial markets. “Gold is the ultimate ‘unknown unknown’ commodity,” Societe Generale stated, explaining that its primary value lies in its role as a hedge against unforeseen and unpredictable risks. Unlike most commodities, gold’s market dynamics are not influenced by typical supply and demand fundamentals. “It is broadly speaking neither seasonal in its supply nor in…
US President Joe Biden (L) speaks with Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru, November 16, 2024.Leah Millis | Afp | Getty ImagesU.S. President Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House.”The two leaders affirmed the need to maintain human control over the decision to use nuclear weapons,” the White House said in a statement. “The two leaders also stressed the need to consider carefully the potential…
Image source: Getty Images Investing in the stock market can be a great way of earning passive income. And whether it’s with a lump sum or regular investing, the returns can be spectacular. Dividends are never guaranteed and even the best investors need some good fortune every now and again. But I’m a firm believer that shares in great companies are the best source of extra income. Warren Buffett Here’s an example of this in action. In 1994, Berkshire Hathaway CEO Warren Buffett invested $1.3bn in American Express shares. At the time, the stock had a dividend yield of just…
By Brenda Goh WUXI, China (Reuters) – A former student went on a stabbing rampage at a vocational college in eastern China, killing eight people and injuring 17, police said on Sunday, prompting further soul-searching just days after the deadliest attack in the country in a decade. Saturday’s knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part of Wuxi city in the eastern province of Jiangsu. The suspect, a 21-year-old man, was arrested at the scene and confessed, police said. Also on Saturday, authorities in the southern Chinese city of Zhuhai said they…
McDonald’s is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant’s Quarter Pounder hamburgers.The investments include $65 million that will go directly to the hardest-hit franchises, the company said.The U.S. Centers for Disease Control and Prevention has said that slivered onions on the Quarter Pounders were the likely source of the E. coli. Taylor Farms in California recalled onions potentially linked to the outbreak.Colorado reported at least 30 cases; Montana reported 19; Nebraska, 13; and New Mexico, 10. The illnesses were reported between Sept. 12…