SHANGHAI (Reuters) -China’s central bank has stepped up efforts to support the yuan currency this week in the wake of renewed downside pressure amid Beijing’s underwhelming measures to stabilise a faltering economy and widening yield differentials with the United States. The People’s Bank of China (PBOC) has asked some domestic banks to scale back their…
By Jonathan Stempel (Reuters) -Whirlpool agreed to pay an $11.5 million civil fine to resolve U.S. Consumer Product Safety Commission charges that it failed to immediately report that its glass cooktops could turn on by themselves, posing burn and fire hazards. Thursday’s settlement covers 17 models of electric radiant heat cooktops under the JennAir, KitchenAid…
(Reuters) – Russian mercenary chief Yevgeny Prigozhin was believed dead after a private jet on which he was listed as a passenger crashed north of Moscow with no survivors. Prigozhin, 62, spearheaded a mutiny against Russia’s top army brass on June 23-24, which President Vladimir Putin said could have tipped Russia into civil war. Others…
(Reuters) – Former U.S. President Donald Trump faces numerous legal troubles as he seeks the Republican nomination to face Democratic President Joe Biden in the 2024 presidential election. Trump, 77, denies any wrongdoing. Here is a look at the major legal cases involving Trump. GEORGIA ELECTION-TAMPERING PROBE Trump on Aug. 15 was hit with a…
Analyst Jason Helfstein from Oppenheimer remains bullish on Netflix Inc (NASDAQ:NFLX), emphasizing an Outperform rating with a target of $515. This projection comes as Netflix experiences multiple growth drivers, many of which Helfstein believes investors might be undervaluing. In his assessment, Helfstein recognizes the potential in paid sharing and advertising strategies, anticipating they…
Recent analyses have shown multiple options trades for Ford Motor (NYSE:F), totaling approximately $954,701. Concurrently, another set of trades have been identified, amounting to around $968,782. Price Target Considerations: Based on the Volume and Open Interest of these contracts, significant activity has been observed, suggesting a price target range for Ford Motor between…
Nvidia Corp. (NASDAQ:NVDA) experienced a favorable adjustment in its stock price target, possibly paving the way for more in the near future. This comes after the tech giant surpassed even the most bullish predictions from Wall Street for Q2. Nvidia Overview: Analyst John Vinh from KeyBanc Capital Markets continues to be positive about…
