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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. The firm’s revised outlook reflects a cautious stance amid ongoing market volatility.
Circle is set to publicly file for its long-awaited IPO in late April, marking its second attempt after a failed SPAC merger in 2022. The offering, which could be the largest crypto IPO since Coinbase's direct listing, comes amid a recovering market for public listings and evolving stablecoin legislation in Congress. Circle aims for a valuation between $4 billion and $5 billion, despite facing challenges, including a significant drop in USDC's market cap and reliance on interest income for revenue.
Charlie Javice, founder of the college financial aid startup Frank, was convicted on March 28, 2025, of defrauding JPMorgan Chase in a high-profile case involving securities, wire, and bank fraud. The jury found that she fabricated user data to mislead the bank during its $175 million acquisition of Frank, which was later revealed to have significantly fewer users than claimed. Javice's sentencing is set for August 26, 2025, highlighting the need for greater scrutiny in the fintech sector.
Goldman Sachs has raised the likelihood of a U.S. recession to 35% over the next year, citing increased tariffs and declining consumer sentiment. The bank predicts inflation will rise to 3.5% and unemployment to 3.5%, while projecting weak economic growth of just 0.2% for Q1 and 1% for the year, raising concerns of stagflation. Additionally, Goldman Sachs anticipates the Federal Reserve will cut interest rates three times in 2025 to stimulate growth, despite the risk of further inflation.
Global stocks plummeted as investors braced for President Trump's upcoming tariffs, with the ASX losing $42 billion and Japan's Nikkei index dropping 4.05%. Goldman Sachs raised US recession odds to 35%, predicting more Federal Reserve rate cuts as tariffs threaten economic stability. Safe-haven assets like US treasuries and gold surged amid the turmoil.
Goldman Sachs has once again reduced its S&P 500 target, citing the impact of tariffs on stock returns and economic growth. This adjustment reflects ongoing concerns about the broader economic implications of trade policies.
Goldman Sachs has revised its S&P 500 forecast for 2025 for the second time this month, now projecting the lowest estimate on Wall Street. This adjustment reflects ongoing concerns about market conditions and economic outlook.
Tesla shares fell nearly 6% amid a broader market sell-off, with CEO Elon Musk attributing the decline to his involvement with Dogecoin and political challenges. He acknowledged that the situation is significantly impacting Tesla's stock value and sales, as protests against him occur at dealerships nationwide. Additionally, analysts are concerned about reduced delivery forecasts linked to the new Model Y and potential tariff impacts, which Musk recently indicated could negatively affect the company.
Barclays has raised its price target for Pinnacle West Capital Corporation to $94 from $87. The company focuses on electricity production, transmission, and distribution, operating 56 power plants with a total capacity of 6,491 MW, alongside extensive networks of overhead and underground lines for distribution and transmission.
BNP Paribas Exane has raised its price target on Charter Communications to $380 from $360 while maintaining a neutral rating. Charter, a prominent American cable services provider, generates its net sales primarily from high-speed Internet access (42.4%), TV and on-demand video services (27.5%), and telephone services (8.2%). Additional revenue comes from advertising sales (3.2%) and other sources (5.5%), with 13.2% from commercial cable services.
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