Author: News Room

On Monday, Piper Sandler assumed coverage on First Business Financial (NASDAQ:) Services, Inc. (NASDAQ:FBIZ), assigning an Overweight rating with a price target of $44. The firm based this target on an 8.5 times multiple of their estimated 2025 earnings per share (EPS), which aligns closely with the average of peers at 8.9 times. First Business Financial, with $3.5 billion in assets, operates a branch-lite model across four full-service locations in the most populous metropolitan statistical areas (MSAs) of Wisconsin and in Kansas City. The bank focuses primarily on commercial banking while also offering wealth management services. The bank’s approach is…

(Reuters) – Morgan Stanley raised its price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and demand balances on OPEC+ commitment and Russia’s oil production curtailments after recent drone attacks on its refineries. Morgan Stanley lowered its supply forecast for OPEC and Russia by 0.2-0.3 million barrel per day (bpd) for 2Q/3Q as it sees a modest deficit in second quarter, increasing to a larger deficit in the third quarter. The bank also hiked its first-quarter Brent price outlook to $85 per barrel from $82.5, second-quarter forecast to $87.5 from $82.5 and for…

Starting Monday, YouTube creators will be required to label when realistic-looking videos were made using artificial intelligence, part of a broader effort by the company to be transparent about content that could otherwise confuse or mislead users. When a user uploads a video to the site, they will see a checklist asking if their content makes a real person say or do something they didn’t do, alters footage of a real place or event, or depicts a realistic-looking scene that didn’t actually occur. The disclosure is meant to help prevent users from being confused by synthetic content amid a proliferation…

AUD/USD rises after the release of better-than-expected macroeconomic data from China, its largest trading partner.  Risk from China’s property sector, however, continues to undermine Iron Ore, Australia’s largest export.  The week promises volatility as both Australia and US’s central banks hold policy meetings.  AUD/USD is edging higher, trading in the 0.6570s on Monday, after the release of strong Chinese data showed higher-than-expected growth in Industrial Production, Retail Sales and Fixed Asset Investment, in February.  The data improves the outlook for Australia’s largest trading partner but is not enough to provide an antidote to China’s property sector woes. Construction is also…

The crypto market is finding its footing again following a highly volatile weekend which saw Bitcoin price roll back significantly from its new all-time high of $68,208. Following the sharp drop to $64,528 on Sunday, the Bitcoin price prediction shows renewed bullish pressure backed by the rush by investors to buy the dip. Bitcoin Price Prediction: ETF Inflow Volume Hit New All-Time High Bitcoin ETF net inflow volume continues to rise as more institutional investors embrace new investment alternatives. Data by SoSoValue reveals a commendable increase to $12.15 billion – the highest cumulative total net inflow. BlackRock’s IBIT is leading…

It’s hard to lose a spouse, and a costly surprise makes it even more difficult, especially for older women — higher taxes. But financial experts say there are several ways to prepare.In 2022, there was a 5.4-year life expectancy gap between U.S. sexes, according to data from the Centers for Disease Control and Prevention. Life expectancy at birth was 74.8 years for males and 80.2 years for females. The gap often leads to a “survivor’s penalty” for older married women, which can trigger higher future taxes, certified financial planner Edward Jastrem, chief planning officer at Heritage Financial Services in Westwood, Massachusetts,…

Shortly after the opening bell, we will be selling 30 shares of Meta Platforms at roughly $490 each. Following the trade, Jim Cramer’s Charitable Trust will own 293 shares of META, decreasing its weighting in the portfolio to 4.5% from 4.98%. When one of our stocks outperforms for an extended period, we run into the high-quality problem of that stock becoming too big of a position in the portfolio. That’s where we currently find ourselves with Meta Platforms . Due to the stock’s 194% gain in 2023 and continued outperformance so far in 2024, with shares up about 36% as…

The Supreme Court declined Monday to hear the appeal of a former New Mexico county commissioner who was removed from office because of his role in the January 6, 2021 insurrection – a case that was similar to the one the high court recently decided involving former President Donald Trump. Cowboys for Trump founder and convicted Capitol rioter Couy Griffin was removed from office in 2022, marking the first time an elected official was booted under the 14th Amendment’s “insurrectionist ban” because of the US Capitol riot. The Supreme Court’s move means the ruling barring Griffin from office will stand.…

The earliest opener in the history of baseball is two days away. That’s when the Los Angeles Dodgers, fresh from spending a cool billion on two stars who got their start in Japan, will play the San Diego Padres in Seoul, South Korea – previously virgin territory for Major League Baseball. Heavily favored to play deep into October, the Dodgers not only signed the top two free agents of the winter (Shohei Ohtani, 12 years at $700 million, and Yoshinobu Yamamoto, 12 years at $325 million) but have a roster loaded with MVPs. Ohtani won the award twice while playing…

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