Asset prices are elevated more than they have been historically, but is not something that should play a role in interest-rate policy, said San Francisco Fed President Mary Daly on Tuesday.
A long-time skeptic on Tesla Inc. ‘s stock, UBS analyst Patrick Hummel, has more than doubled his stock price target, saying the narrative is no longer about the company’s leadership in electric vehicles, it’s about “winning” in software.
Target Corp. plans to spend $4 billion each year over the coming several years on things like store remodels, technology improvements and order fulfillment services to further enhance and grow its business.
The restaurant industry’s largest lobbying group is working to ensure that Democrats’ big COVID-19 relief package doesn’t leave out eateries at the last minute, as the organization also says that it expects more aid for the hard-hit sector will be necessary.
A review commissioned by the U.K. government suggests an overhaul of the London Stock Exchange’s listing rules, to enable London to better compete with New York or European bourses such as Amsterdam.
One strategist says the Fed’s determination to keep interest rates low through quantitative easing is fueling another problem — it’s limiting bank lending.
U.S. stock futures rise early Wednesday, recovering from a pullback Tuesday, ahead of February private-sector employment data that will provide some clues on the state of the economic rebound from the COVID-19 pandemic as the coronavirus vaccine rollout accelerates.
One strategist says the Fed’s determination to keep interest rates low through quantitative easing is fueling another problem — it’s limiting bank lending.
“It will take three days to get to the moon, loop behind it, and three days to get back,” Yusaku Maezawa said in a video Tuesday. “I will pay for the entire journey.”