Bank of America has raised its year-end price target for the S&P 500 (^GSPC) from 5,000 to 5,400, while Wall Street generally remains hesitant on inflation risks. Yahoo Finance Markets Reporter Josh Schafer breaks down the BofA note published by strategist Savita Subramanian's team. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Bank of America has raised its year-end price target for the S&P 500 (^GSPC) from 5,000 to 5,400, while Wall Street generally remains hesitant on inflation risks. Yahoo Finance Markets Reporter Josh Schafer breaks down the BofA note published by strategist Savita Subramanian's team.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Bloomberg
(Bloomberg) -- Crispin Odey has kept a low public profile ever since fresh allegations of sexual misconduct prompted his exit last year from the namesake hedge fund he founded that is now winding down. A recent company filing suggests he harbors comeback hopes.Most Read from BloombergChina Scraps Premier Li's Briefing, Breaking Years of ConventionWall Street’s DEI Retreat Has Officially BegunWhat to Remember If the Stock Market Takes a DiveHaley Gets First Primary Win in D.C. With Super Tuesday
Bloomberg
(Bloomberg) -- JetBlue Airways Corp. formally abandoned its pursuit of Spirit Airlines Inc. more than a month after a federal judge blocked the $3.8 billion acquisition on antitrust grounds.Most Read from BloombergChina Scraps Premier Li's Briefing, Breaking Years of ConventionWall Street’s DEI Retreat Has Officially BegunWhat to Remember If the Stock Market Takes a DiveHaley Gets First Primary Win in D.C. With Super Tuesday AheadYoung Hong Kongers Who Defied Xi Are Now Partying in ChinaThe carr
Bloomberg
(Bloomberg) -- Jerome Powell faces heightened pressure this week from Democrats who want interest-rate cuts to keep the economy humming in an election year and Republicans who want him to scrap a plan to boost bank capital.Most Read from BloombergChina Scraps Premier Li's Briefing, Breaking Years of ConventionWall Street’s DEI Retreat Has Officially BegunWhat to Remember If the Stock Market Takes a DiveHaley Gets First Primary Win in D.C. With Super Tuesday AheadYoung Hong Kongers Who Defied Xi
Reuters
A group representing Indian startups has asked the country's antitrust watchdog to order Alphabet Inc's Google to reinstate apps it removed for policy violations, a letter seen by Reuters shows, escalating a showdown with the U.S. giant in a key market. Google on Friday removed more than 100 Indian apps, including popular ones by Matrimony.com, for not complying with its policy of paying a service fee when in-app payment options other than Google's are used. The startups have now taken the issue to Competition Commission of India (CCI).
Bloomberg
(Bloomberg) -- Bank of America Corp.’s Savita Subramanian is the latest equity strategist to ratchet up her target for the S&P 500 Index to among the highest on Wall Street after this year’s rally left forecasters blindsided.Most Read from BloombergWhat to Remember If the Stock Market Takes a DiveChina Scraps Premier Li's Briefing, Breaking Years of ConventionYoung Hong Kongers Who Defied Xi Are Now Partying in ChinaHaley Casts Doubt on Nominee Pledge After Trump’s Power PlayWall Street’s DEI Re