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Elon Musk has expressed frustration over recent Tesla protests, claiming they are fueled by paid demonstrators, allegedly backed by his former associate Reid Hoffman. Despite his accusations, no evidence supports this claim, while Musk himself incentivized attendance at a rally for a Republican candidate. The protests, which began as a grassroots movement, have gained momentum, with activists arguing that Musk's actions contribute to an authoritarian regime in the U.S.
Charlie Javice, founder of the student-finance startup Frank, was convicted of defrauding JPMorgan Chase after falsely claiming her platform had over 4.25 million users, when it had fewer than 300,000. During the trial, it was revealed that she solicited a data scientist to create fake user data, leading to a criminal investigation when JPMorgan's outreach yielded only 10 new customers. Javice faces up to 30 years in prison for bank fraud, alongside her co-defendant Olivier Amar.
Tishman Speyer has secured $166 million in construction financing for Edgemere Commons A2, a 100% affordable housing project featuring 244 units in Far Rockaway, Queens. Citigroup's Citi Community Capital provided an $80 million construction letter of credit, while Hudson Housing Capital contributed through Low-Income Housing Tax Credits, backed by HSBC. The financing is managed by New York State Homes and Community Renewal (HCR).
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.
Tariff uncertainty may lead to a recession in developed economies by 2025, according to Barclays' global chairman of research, Ajay Rajadhyaksha. As the US proposes new tariffs, the firm has shifted its investment strategy to favor fixed income over global equities, citing rising policy uncertainty and market volatility driven by the Trump administration's aggressive policies. Rajadhyaksha expressed genuine concern about risk assets for the first time in years, highlighting the impact of ongoing trade tensions.
Elon Musk is reportedly pushing NASA to abandon its Moon missions in favor of Mars exploration, leveraging his influence as SpaceX's CEO and the anticipated appointment of Jared Isaacman as NASA administrator. This shift could benefit SpaceX's Starship project but risks significant backlash from Congress and could derail decades-long lunar plans. Musk has criticized the Artemis program as inefficient, advocating for a focus on Mars instead.
Deep-pocketed investors are showing a bullish trend towards Wells Fargo (WFC), with 66% leaning positive amid unusual options activity. The stock is currently priced at $70.5, with significant trading volumes indicating a focus on a price range between $62.5 and $80. Analysts have set a consensus target price of $79.0, with one upgrading to Outperform at $80.
Goldman Sachs has once again lowered its S&P 500 target, citing concerns over the potential for increased tariffs and a slowdown in economic growth. This adjustment reflects ongoing uncertainties in the market that could impact investor sentiment and stock performance.
Barclays analyst Terry Ma has reiterated an underweight rating on Rocket Companies Inc. with a price target of $10, despite a 22% year-to-date stock return. The company is set to acquire Mr. Cooper in a $9.4 billion all-stock deal, expected to enhance its servicing portfolio and operational efficiency.Rocket Companies also plans to acquire Redfin for $1.75 billion, aiming to integrate its online real estate services with digital mortgage lending. Fitch Ratings has placed Rocket Mortgage's ratings under negative watch due to anticipated leverage increases, while Mr. Cooper's ratings are under positive watch following the merger announcement.
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Elon Musk claims Tesla protests are funded while organizing his own rally
17:08 31.03.2025
charlie javice convicted of fraud after misleading jpmorgan chase on user data
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16:57 31.03.2025
Tishman Speyer secures 166 million for affordable housing in Queens
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agnico eagle mines downgraded to neutral with price target increase
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agnico eagle mines downgraded to neutral with price target increase to 110
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16:53 31.03.2025
tariff uncertainty raises recession fears as markets brace for volatility
16:52 31.03.2025
Elon Musk pushes for Mars focus as NASA's lunar plans face uncertainty
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whale investors show bullish sentiment towards wells fargo options activity
16:46 31.03.2025
Goldman Sachs lowers S&P 500 forecast amid tariff risks and growth concerns
16:32 31.03.2025
barclays maintains underweight rating on rocket companies amid strategic acquisitions
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16:19 31.03.2025
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