The likelihood of a Federal Reserve rate hike by 25 basis points to 3.75-4.00% has increased to 87.3%, raising concerns of a bearish reaction in Bitcoin's price. Bitcoin is caught between long-term buyers and short-term caution, with recent volatility triggered by the U.S. CPI report causing significant liquidations. Despite attempts to climb towards the key $82,000 resistance, short-term bullish momentum is weakening. Indicators like the Coinbase Premium Index and exchange net flows will be critical to watch for signs of renewed demand and potential price gains.
UBS maintains a Buy rating on Burberry, stating the luxury brand remains undervalued despite recent sales and margin improvements. UBS lowered its price target to 1,320p but still sees 30% upside from the current share price. The bank highlights Burb...
The First Trust Water ETF (FIW), which includes 36 U.S. water industry companies, continues to underperform the broader market due to high valuations and low-quality fundamentals. Despite the ongoing need for water infrastructure investment, FIW's ea...
Despite claims by a fund manager that energy stocks lag the broader market, Chevron and ExxonMobil have outperformed the S&P 500 over the past year, gaining roughly 33-34% compared to the S&P 500's 13%. Both companies trade at about 15 times next yea...
LaFleur Minerals reported strong gold assay results from its Swanson Gold Project, including 6.05 g/t Au over 8 meters near surface at the Bartec target, a new priority for follow-up drilling. Drilling also extended gold mineralization 1,200 meters a...
Oreterra Metals completed 11 holes totaling about 4,100 meters in its Phase 1 drill program at the Trek South copper-gold prospect in British Columbia's Golden Triangle. Visual core observations revealed broad porphyry-style alteration and visible co...
