Bowman Says Fed Obligated To Be Transparent, Accountable
Investing.com -- Circle Internet Group (NYSE: CRCL) stock declined over 3% Tuesday after receiving its first downgrade since its June IPO, with shares that initially priced at $31 now trading above $200.
Compass Point analyst Ed Engel downgraded CRCL from Neutral to Sell with a price target of $130, down from $205, citing concerns about the company’s long-term economics relative to its $53 billion valuation. The downgrade comes after U.S. stablecoin legislation passed... (continue reading...)
(Reuters) -Homebuilder Pultegroup on Tuesday posted second-quarter revenue above Wall Street estimates, helped by steady home sales resulting from buyer incentives, sending the company's shares up 1.7% before the bell.
The sector is grappling with a weakening consumer sentiment, prompting builders to offer incentives like mortgage rate buydowns and smaller, more affordable homes to stimulate demand - which in turn hurt their margins.
Home... (continue reading...)
By Abhirup Roy and Akash Sriram
SAN FRANCISCO (Reuters) -A key driver of Tesla's profit is disappearing fast as the U.S. government changes policies on an environmental asset known as regulatory credits.
Investors are likely to have a number of questions for Chief Executive Elon Musk when Tesla reports second-quarter results on Wednesday. Among them are how fast the EV maker can turn a trial robotaxi program into a money-making business, how... (continue reading...)
By Mike Stone
(Reuters) -RTX cut its 2025 profit forecast on Tuesday, as the aerospace and defense giant took a hit from U.S. President Donald Trump's trade war despite strong demand for its engines and aftermarket services.
Shares of the company fell 3.8% in premarket trading.
Trump's imposition of tariffs on imports of aluminum and steel has shrouded the markets with uncertainty, threatening to add pressure on an... (continue reading...)
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