Core Scientific Inc, a crypto miner, has caught the attention of BTIG, which has increased its price target for the company to $15 from $10. This upgrade is based on the recent data center contracts secured by Core Scientific and the growth potential observed in the Bitcoin mining sector. The firm’s BTC mining basket, consisting
Southwest Airlines recently experienced a significant drop in its shares, with a roughly 4% decrease in premarket trading. This decline was a result of the carrier cutting its second-quarter revenue forecast due to changing booking patterns. The airline now expects a decrease in revenue per available seat mile by as much as 4.5%, compared to
The recent drop in the yen to its lowest level against the dollar since 1986 has sent shockwaves through the currency markets. With the U.S. dollar trading at 160.39 yen, concerns have been raised about the future of the Japanese currency. The significant interest rate differential between the United States and Japan has played a
As the first half of 2023 comes to a close, the U.S. auto industry is facing some challenges that may hinder its growth in the second half of the year. While sales have been up by 2.9% compared to the previous year, there are concerns about the industry’s ability to sustain this momentum. Factors such
Investors are always on the lookout for stocks that not only provide attractive income but also have the potential for price appreciation. According to Morgan Stanley, certain stocks exhibit characteristics that make them prime candidates for offering a unique blend of unexpected income and share price growth. In this article, we will delve into the
Denver voters are facing a critical decision in the upcoming election – whether or not to increase the sales tax rate to provide much-needed financial support to Denver Health, the only safety net healthcare provider in Colorado. The proposed 0.34% sales tax increase aims to generate approximately $70 million annually for the struggling health system,
The housing market is facing a bleak future, according to Bank of America economists. They predict that the market is unlikely to recover for several years, and affordability will not improve unless a recession occurs. The bank’s economists paint a mostly pessimistic picture of the sector, pointing to various factors that are working against a
The South African rand displayed a slight recovery in early trade on Tuesday, following reports from local media indicating progress in negotiations over cabinet positions within the unity government. Despite experiencing a 0.8% decline against the dollar on Monday, the rand traded at 18.0750 against the dollar at 0650 GMT, showing a modest 0.2% increase
In recent weeks, former President Donald Trump has seen a surge in volume and value of crypto tokens linked to his persona. As the November U.S. presidential election draws near and the anticipation for the first public debate between Trump and his rival Joe Biden builds up, the world of “PolitiFi” tokens has witnessed a
As the second half of the year unfolds, fixed-income investors may find it necessary to make adjustments to their portfolios. Initially, there were expectations of multiple interest rate cuts by the Federal Reserve, but the central bank has held the federal funds rate steady between 5.25% and 5.50%. Despite this, there is anticipation of rate