FMP
Mar 18, 2025 6:03 AM - Parth Sanghvi
Gold Prices Hit Record Highs: UBS Sees Further Upside Amid Trade War Concerns
Gold reached a new all-time high of $3,004.94 per ounce, yet UBS strategists believe the precious metal still has room to grow. They have revised their price target upward to $3,200 per ounce from an earlier target of $3,000 per ounce. Key Drivers Behind Gold’s Rally Strong Performance in 2024...
Mar 18, 2025 6:01 AM - Parth Sanghvi
S&P 500 Jumps as Investors Await Fed Insights and Nvidia’s AI Update
The S&P 500 made a notable jump on Monday, with investors eagerly anticipating key updates from the upcoming Federal Reserve meeting and Nvidia’s annual conference—both of which are expected to shed light on the future of AI demand. Dow Jones Industrial Average: +353 points (+0.9%) S&P 500 Index...
Mar 18, 2025 6:01 AM - Parth Sanghvi
Asian Markets Rally on Stimulus Optimism and AI Momentum
Most Asian stocks rose on Tuesday, driven by renewed optimism over Chinese stimulus measures and strong confidence in the region’s AI capabilities. Hong Kong markets led the gains, buoyed by robust buying in major technology shares, while Japanese equities also outperformed following notable moves i...
Mar 18, 2025 6:00 AM - Parth Sanghvi
Alphabet in Advanced Talks to Acquire Cybersecurity Startup Wiz for $30 Billion
Alphabet (NASDAQ: GOOGL), the parent company of Google, is reportedly in advanced negotiations to acquire Wiz, a cybersecurity startup, for an estimated $30 billion. According to sources cited by the Wall Street Journal, if the discussions proceed without unforeseen obstacles, the deal could be fina...
Mar 18, 2025 5:59 AM - Parth Sanghvi
Alibaba’s Hong Kong Shares Surge on AI Optimism and Stimulus Prospects
Alibaba’s (NYSE: BABA) Hong Kong shares soared on Tuesday, driven by mounting optimism over its pivot toward artificial intelligence (AI) and the prospect of increased stimulus measures from Beijing. The e-commerce giant’s stock (HK: 9988) jumped 4.9% to HK$142.10 by midday, contributing to a 1.8% r...
Mar 18, 2025 5:59 AM - Parth Sanghvi
S&P 500 Rally on the Horizon: Support at 5500 Amid Oversold Conditions
Morgan Stanley strategists believe a tradable rally for the S&P 500 is likely, with the benchmark currently trading at the lower end of their forecasted range for the first half of the year. Last Thursday, the index dropped to the critical 5500 level—considered a key support—within a predicted range...
Mar 18, 2025 5:43 AM - Parth Sanghvi
RBC Revises S&P 500 Year-End 2025 Target to 6,200 Amid Slower Growth and Inflation Concerns
RBC Capital Markets head U.S. strategist Lori Calvasina has significantly cut the year-end 2025 target for the S&P 500 to 6,200 from the previous target of 6,600—a reduction of approximately 6%. This revision reflects updates in RBC’s economic and rates strategy, which now anticipates slower GDP gro...
Mar 18, 2025 5:41 AM - Parth Sanghvi
NASA Astronauts Return Home After Starliner Setback
NASA astronauts Butch Wilmore and Suni Williams have safely departed the International Space Station (ISS) early Tuesday morning in a SpaceX Crew Dragon capsule, marking the end of an unusual, drawn-out mission. The crew, part of NASA’s Crew-9 rotation, undocked at 1:05 a.m. ET (05:05 GMT) and began...
Mar 18, 2025 5:40 AM - Parth Sanghvi
Walgreens Boots Alliance: Pessina Doubles Stake Amid $10 Billion Sycamore Takeover
Walgreens Boots Alliance (NASDAQ: WBA) is undergoing significant changes as its executive chair, Stefano Pessina, is set to nearly double his stake in the U.S. pharmacy giant to around 30%. This move comes as part of the company’s $10 billion takeover by private equity firm Sycamore, according to a ...
Mar 18, 2025 5:39 AM - Parth Sanghvi
Toronto Halts Subsidies for Tesla Amid U.S. Trade Tensions
Canada’s most populous city has announced that it will no longer provide financial subsidies for Tesla (NASDAQ: TSLA) vehicles used as taxis or ride shares. Mayor Olivia Chow explained at a news conference that the decision comes amid an ongoing trade feud with the U.S. and will remain in effect unt...
