HSBC has upgraded its S&P 500 year-end target to 7,650, expecting a 3.4% gain driven by robust corporate earnings and momentum in AI-related technology stocks. The bank forecasts a 20% rise in earnings per share by 2026, led by major tech companies, but cautions that gains are currently concentrated in a few stocks. Other Wall Street firms like J.P. Morgan and Goldman Sachs also project strong earnings growth and higher index levels, with some targets exceeding 8,000 points if tech valuations and broader sector recoveries continue. Despite optimism, risks such as geopolitical tensions, inflation, and potential Federal Reserve policy changes could cause volatility.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
