{
}
Elon Musk's net worth has plummeted by approximately $121 billion since December, now estimated at $337.7 billion, making him still the world's richest person. This decline coincides with widespread protests against him and Tesla, including the "Tesla Takedown" demonstrations, which have negatively impacted Tesla's stock, down about 45% from its December peak. Amidst these challenges, Musk has threatened legal action against protest organizers while facing scrutiny over the effects of new tariffs on the automotive industry.
Circle, the issuer of the USDC stablecoin, is set to go public this April with JPMorgan Chase and Citi as underwriters, aiming for a valuation between $4 billion and $5 billion. This IPO follows a challenging journey, including a collapsed SPAC deal and regulatory hurdles, and is expected to enhance confidence in blockchain-based financial services. With USDC's market cap at $60 billion, the move could position Circle as a strong competitor to Tether in the stablecoin market.
Elon Musk and venture capitalist Antonio Gracias revealed that over 2 million non-citizens received new Social Security numbers in FY 2024, claiming this was part of a larger effort to alter the voting landscape in the U.S. Musk criticized the Biden administration for enabling this influx, suggesting it aimed to create a permanent Democratic majority. The event in Green Bay, Wisconsin, also featured Musk distributing million-dollar checks to attendees who signed his political petition, further emphasizing his involvement in the upcoming Supreme Court election.
Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded to Neutral from Buy by UBS, with a price target increase to US$110 from US$100. The company operates in Canada, Australia, Finland, and Mexico, with a diverse portfolio of mines and exploration projects across these regions. Key operations include the Canadian Malartic Complex, Detour Lake, and Fosterville, among others.
Agnico Eagle Mines Limited, a Canadian gold mining company, has been downgraded from Buy to Neutral by UBS, with a price target raised from USD 100 to USD 110. The company operates in Canada, Australia, Finland, and Mexico, with notable sites including the Canadian Malartic complex and Detour Lake. Its exploration projects span multiple regions, enhancing its portfolio in the precious metals sector.
Bank of America has highlighted "idiosyncratic risks" for Scotiabank, particularly its exposure to Mexico and Latin America, along with below-average capital levels compared to peers. Scotiabank operates through various segments, including Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets, providing a comprehensive range of financial services to diverse clients.
Deutsche Bank has adjusted its price target for PepsiCo, Inc. to $170 from $174 while maintaining a Buy rating. PepsiCo is a global leader in non-alcoholic beverages and snacks, with 60% of net sales coming from North America, followed by Europe (15.1%), Latin America (12.8%), Africa/Middle East/South Asia (6.8%), and Asia/Pacific/Australia/New Zealand (5.3%). The company's diverse product range includes popular brands such as Aquafina, Gatorade, Lay's, and Doritos, with significant sales concentrated in the United States (56.3%).
Citigroup has lowered its price target on PACCAR to $105 from $112 while maintaining a neutral rating. PACCAR, Inc. focuses on designing, manufacturing, and marketing transportation vehicles, with truck sales accounting for 76.4% of net sales, followed by accessories and financing services. In 2023, the company sold 204,200 vehicles, with significant distribution in the United States, Europe, and other regions.
UBS analyst Andrew Jones suggests that now is the time to buy leading U.S. steel stocks, particularly Nucor, as domestic steelmakers may gain a competitive edge due to tariffs on foreign imports. Despite recent declines, Nucor's strong cash position and potential for growth in a stabilizing tariff environment make it a compelling investment opportunity. The company reported a quarterly revenue of $7.08 billion, exceeding expectations, and is well-positioned to benefit from reshoring trends in the industry.
The Biopharmaceutical Contract Manufacturing Market is experiencing significant growth, driven by increased demand, technological advancements, and a broadening customer base. A comprehensive report analyzes market trends, competitive landscapes, and future growth prospects, highlighting key players such as Lonza Group Ltd. and Boehringer Ingelheim. The report also delves into market segmentation by contract type, product type, and therapeutic applications, providing valuable insights for stakeholders.
MEX
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Elon Musk's net worth plummets amid Tesla stock decline and protests
United States Dollar
Tesla, Inc.
MEX
CAN
CHN
USA
Elon Musk
Donald Trump
Mark Zuckerberg
Ben Williamson
Show more
21:42 31.03.2025
Circle targets April IPO with JPMorgan and Citi as underwriters
20:45 31.03.2025
musk highlights social security numbers for non-citizens at political event
17:40 31.03.2025
agnico eagle mines downgraded to neutral with price target increase
Mexican Peso
Australian Dollar
Canadian Dollar
United States Dollar
Euro
Agnico Eagle Mines Limited
MEX
CAN
AUS
FIN
USA
Show more
16:53 31.03.2025
agnico eagle mines downgraded to neutral with price target increase to 110
Mexican Peso
Australian Dollar
Canadian Dollar
United States Dollar
Euro
Agnico Eagle Mines Limited
MEX
CAN
AUS
FIN
USA
Show more
16:53 31.03.2025
Scotiabank's Diverse Banking Segments Address Global Financial Needs
16:00 31.03.2025
deutsche bank lowers pepsico price target while maintaining buy rating
13:21 31.03.2025
Citigroup lowers PACCAR price target while maintaining neutral rating
13:14 31.03.2025
time to invest in top steel stocks as market shifts
11:56 31.03.2025
biopharmaceutical contract manufacturing market poised for significant growth through 2032
10:01 31.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
CEO Changes
Financial Scams and Security
Global Trade Developments
Central Bank Actions
GDP Growth & Recession Forecasts
Industry Mergers & Acquisitions
Government Policies
Hedge Funds & Private Equity
Inflation and Monetary Impact
Workplace Trends
Government Economic Policies
Startups & Entrepreneurship
Countries:
Companies:
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Wells Fargo & Company
Barclays PLC
Citigroup Inc.
Morgan Stanley
Deutsche Bank Money Market PP
Lloyds Banking Group plc
Huawei Technologies CO. Ltd.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
American Express Company
UBS Group AG
AMERICAN EXPRESS
Northern Trust Corporation
Amazon.com, Inc.
AXA SA
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
Russian Ruble
Mexican Peso
Saudi Riyal
United Arab Emirates Dirham
Indonesian Rupiah
Hong Kong Dollar
Danish Krone
Offshore Chinese Yuan
Singapore Dollar
Ghanaian Cedi
South Korean Won
People: