Author: News Room

Tuesday saw Mizuho Securities initiate coverage on Churchill Downs (NASDAQ:) stock with a Buy rating, setting a price target of $142.00. The firm’s positive outlook is based on several key factors expected to drive the company’s performance. The analysis by Mizuho identified three primary drivers behind their recommendation. Firstly, they anticipate upside to estimates due to Churchill Downs’ growth projects located in demographically favorable areas with little competition. Secondly, potential legislative changes targeting gray market activities could criminalize unregulated games, potentially reducing competition in key markets such as Virginia and Kentucky, benefiting Churchill Downs. Lastly, Mizuho forecasts an improvement in…

When Apple launched its first Mac computer in 1984, with its iconic Mac smiley-face “hello” greeting, it wanted to differentiate itself in the fledgling PC market. The Mac was approachable with its friendly, innovative design – Apple’s way of setting the Mac apart in the confusing PC landscape. That consumer-friendly mantra still exists today, with Apple carefully curating an easy-breezy yet controlled user experience across its products, including the billions of iPhones used around the world. But the Biden administration believes Apple took that too far. On Thursday, the Department of Justice sued Apple for illegally monopolizing the smartphone market.…

EUR/USD continues its bounce higher as traders take profit after last week’s volatile sell-off.  The divergence between Federal Reserve and European Central Bank speakers suggests future weakness is possible.  US Durable Goods Orders are the main release for the pair on Tuesday.  EUR/USD is trading over two tenths of a percent higher in the1.0800s on Tuesday, in line with broader US Dollar (USD) selling.  Both the US Dollar Index (DXY), which tracks the currency’s performance against a basket of competitors, and the highly correlated US 10-year Note yield are trading lower too.  EUR/USD has now broken back above the key 50-day and…

Crossmint, a Web3 development platform, recently partnered with Astar, a well-known blockchain network, and Hakuhodo KEY3, a forward-thinking initiative, in response to Japan’s corporations’ determination to embrace Web3 solutions. This collaboration aims to leverage the robust developer tools provided by Crossmint and the Astar blockchain to streamline the implementation of Web3 technologies for major Japanese corporations. By doing so, these organizations may potentially achieve significant cost savings in development, amounting to millions of dollars. Notable global brands like Microsoft, Etihad Airways, Johnnie Walker, and AC Milan are among Crossmint’s growing list of customers thanks to the reliability of its Web3…

Topline Former President Donald Trump admitted Monday he might have to sell some of his assets to pay the full $454.2 million bond payment in his New York civil fraud trial, after a New York appeals court ruled the former president will not have to post the full amount up front, allowing Trump to post just $175 million and delay payment for the rest while he appeals the ruling. Key Facts Trump said in a press conference on Monday he would use cash as collateral for a $175 million bond, vowing to do so “very quickly,” after an appeals court…

Gerard Barron’s The Metals Co. has a robot that can scoop up copper, cobalt and other seabed minerals crucial for EV batteries. But first, he needs a ton of nickels to pay for it. By Christopher Helman, Forbes Staff Gerard Barron, CEO of The Metals Company, sports a shaggy mop of hair, a rakish beard and a leather bomber jacket with a palm-sized, poly-metallic nodule in its pocket. Aside from setting off metal detectors, the nodule is a good conversation starter, since it was recovered from the Pacific Ocean seafloor, two miles down, where it formed over millions of years…

It’s another Tuesday night, and work is winding down. I send my last Slack messages for the evening, fire off a few emails, and shut my laptop with a false sense of finality as if I don’t have to return to my desk in sixteen short hours.I make the short trek from my at-home office to the couch, where I grab the remote and settle in for yet another night of “Real Housewives” viewing. Before I know it, four hours have passed. My eyes are heavy, and it’s time for bed. So long, Tuesday.That’s how it goes on Wednesday and…

I made a lot of questionable purchases as a teenage gadget geek in the 1990s, but the one that made my parents most regret giving me a credit card was the Sony Glasstron. The flimsy head-mounted display (which offered the “stunning” clarity of 800 x 600 pixels), the attached earbuds, and the video cable tether were all mine for the low, low price of $2,599 in 1999 dollars — or nearly $5K today. When the device arrived, delight turned to disappointment, and it was quickly returned. But my obsession with portable displays never went away. To me, it felt inevitable…

By Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday is poised to consider whether to restrict access to the abortion pill as President Joe Biden’s administration fights to maintain broad access to the medication in a major case that thrusts reproductive rights back on the agenda of the justices in a presidential election year. Arguments are set for 10 a.m. ET (1400 GMT) in the Biden administration’s appeal of a lower court’s ruling that would limit how the medication, called mifepristone, is prescribed and distributed. Four medical associations and four doctors who oppose abortion brought the challenge…

By Francesco Canepa FRANKFURT (Reuters) – As Europe seeks to hold its ground against economic rivals, politicians think they have a secret weapon: the untapped savings of its citizens. From Italy selling government bonds to households, to French talk of a pan-European savings product or Britain offering tax breaks for investment in UK shares, governments across Europe are seeking ways to mobilise household wealth. All these plans share an underlying thinking: Europe is sitting on plenty of cash that could be channelled towards its goals, from the green transition to beefing up militaries. Politicians hope private money, invested in local…