Palantir Technologies (PLTR) shares are trading lower Thursday after Brian White, an analyst from Monness, Crespi, Hardt & Co., downgraded the stock to Sell from Neutral. Additionally, White lowered his price target to $20, citing an “excessive” valuation fueled by the AI boom and that he believes “the darkest days of this economic downturn are … Read more
TEL AVIV, Israel — Israel’s finance minister on Sunday slammed the decision by financial ratings agency Moody’s to downgrade Israel’s credit rating, saying the announcement is a “political manifesto” that “did not include serious economic claims.” Moody’s dropped the rating on Israel’s debt on Friday, warning that the ongoing war in Gaza and a possible … Read more
Cryptocurrencies rose broadly on Tuesday in opposition with the inventory market after the scores company Moody’s put the U.S. banking sector on watch. Bitcoin superior about 2.5% and was final buying and selling at $29,785.88, based on Coin Metrics. The worth of the flagship cryptocurrency failed to maneuver greater than 1% in both path for … Read more
Warren Buffett shrugged off Fitch’s U.S. credit standing downgrade, noting it would not change what his conglomerate, Berkshire Hathaway, is doing for the time being. “Berkshire purchased $10 billion in U.S. Treasurys final Monday. We purchased $10 billion in Treasurys this Monday. And the one query for subsequent Monday is whether or not we’ll purchase … Read more