Goldman Sachs has increased its year-end 2026 target for the S&P 500 index to 8,000 from 7,600, anticipating a 6.4% gain from current levels. The bank projects earnings per share for the index to grow 24% in 2026 and an additional 13% in 2027, driven largely by companies involved in AI infrastructure. Other major banks like Morgan Stanley and Deutsche Bank also raised their targets, reflecting optimism about earnings growth and AI investment. Despite this bullish outlook, risks remain from weak consumer spending, high costs, geopolitical tensions, and inflation concerns.
The United States, United Kingdom, and Australia have announced a joint initiative under the AUKUS alliance to develop advanced underwater drone technology by 2027. This program aims to protect critical subsea internet cables, which have been increas...
Novartis announced that Pluvicto combined with standard care significantly improves radiographic progression-free survival (rPFS) in metastatic hormone-sensitive prostate cancer (mHSPC) patients, regardless of disease volume or presentation. The PSMA...
The US Central Command disabled a fifth commercial vessel, the M/V Lian Star, by firing a Hellfire missile into its engine room after it ignored warnings while heading to an Iranian port. This action is part of the ongoing US naval blockade of the St...
Bitmine Immersion (BMNR) is valued at $10 billion, effectively allowing investors to buy $1 worth of Ethereum for just $0.92. Despite showing large GAAP losses due to new accounting rules that require unrealized crypto price drops to be recorded in e...
Bitmine has purchased 25,000 Ethereum tokens valued at over $50 million in a single transfer from Kraken, reinforcing its status as the world's largest ETH holder. This move follows a larger $237 million ETH purchase a week earlier, signaling a stron...
