Strategy Buys 250 More BTC, Taking Holdings to 848,250 Coins
Strategy said it bought 250 BTC, lifting its total bitcoin holdings to 848,250 coins. The average purchase price across its treasury is $75,444.
BitcoinEthereumXRP
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Zuckerberg Says Meta Has Reached AI’s Leading Edge
Meta CEO Mark Zuckerberg said the company is already working on the next AI stage and rejected calls to slow the pace of development.
Meta Platforms
Meta launches Muse Wonder model to advance its AI assistant
Meta says its new Muse Wonder model will soon power the $20 and $100 monthly tiers of Muse, adding stronger memory and expertise.
Meta PlatformsOpenAIAnthropicGoogle
Morgan Stanley Upgrades Manhattan Associates and Sallie Mae Ratings
Morgan Stanley raised both Manhattan Associates and Sallie Mae to Overweight, while lifting the price target for each company’s shares.
MANHSLM
LVMH Fashion and Leather Goods Revenue Drops 5% in Third Quarter
LVMH’s key fashion and leather goods division missed forecasts as China’s weaker economy and cautious consumers weighed on luxury demand.
LVMH
Morgan Stanley keeps MARA at Underweight and cuts target to $10
Morgan Stanley retained its Underweight rating on MARA Holdings and reduced the company’s share price target from $11.00 to $10.00.
MARA
Baird lifts Palantir target as cheaper AI models spur demand
Baird raised Palantir’s target to $250 from $200, saying cheaper, flexible AI models could encourage more companies to adopt the technology.
Palantir TechnologiesOndasL3Harris Technologies
Oil markets may be underpricing supply and geopolitical risks
Analysts warn that oil is falling on hopes for peace even as conflicts, hurricanes and supply threats continue to support a risk premium.
BrentWTIS&P 500
Morgan Stanley Cuts Riot Platforms Price Target to $35.50
Morgan Stanley lowered its price target for Riot Platforms shares from $43.00 to $35.50, according to Benzinga’s analyst-ratings data.
RIOT
Morgan Stanley lifts Pebblebrook Hotel Trust target to $14
Morgan Stanley raised its price target for Pebblebrook Hotel Trust from $13 to $14 per share while keeping an Underweight rating, Benzinga reports.
PEB
France set to become Eramet’s largest shareholder after capital raise
France plans to lift its Eramet stake to as much as 49% through a €500 million capital increase, buying part of the Duval family’s holding.
ErametNickelManganeseLithiumEUR/USD
MIT Sues AWS Over Alleged Infringement of Cryptography Patents
MIT claims AWS violated two patents covering PUF cryptography technology obtained from Synopsys and is seeking monetary damages in federal court.
AmazonAMZNMicrosoftMSFTSynopsysSNPS
TotalEnergies to Extend French Diesel Discounts Through Winter
TotalEnergies will keep varying discounts on diesel and heating fuel in France this winter and join a strategic-reserve release, CEO Patrick Pouyanne said.
TotalEnergiesDieselHeating fuelBrent
Dow Gains Over 200 Points as Nasdaq Slips on Chip Concerns
U.S. stocks moved in different directions as Salesforce lifted the Dow, while chipmakers pressured the Nasdaq amid growing competition from China’s CXMT.
Dow Jones Industrial AverageNasdaq CompositeSPYDIAQQQBrent
FTSE 100 rises as financial and healthcare stocks lead gains
Britain’s FTSE 100 advanced nearly 1% as financial and medical stocks offset higher oil prices ahead of key US and UK economic data.
FTSE 100FTSE 250BrentHSBCBurberryGBP/USD
Salesforce shares rise after Bank of America doubles its upgrade
Salesforce shares gained 2% after Bank of America raised its rating to Buy and lifted the target to $285 as the company expands its AI strategy.
SalesforceBank of AmericaTableau
Hammack Calls for Prompt, Smaller Fed Steps to Curb Inflation
Cleveland Fed President Beth Hammack favors prompt, smaller policy moves to contain broad inflation, saying delay could require a larger adjustment.
Fed fundsUSDUS Treasuries
STOXX 600 gains 0.65% as European banks offset oil pressure
European stocks opened the week higher as bank shares offset rising oil prices. Investors now await earnings and signals on the ECB’s rate path.
STOXX 600IBEXSTOXX 600 BanksEUR/USDBrentEuro zone bonds
JPMorgan and Morgan Stanley Cut Rocket Cos. Price Targets
JPMorgan cut Rocket Cos.’ target from $14.00 to $12.50, while Morgan Stanley lowered its target from $19.00 to $16.00. Ratings held.
RKTPCG
Cerebras shares slide as OpenAI exposure weighs on AI-chip maker
Cerebras shares fell 10% as OpenAI exposure and wider chip-sector weakness weighed on the AI-chip maker, whose backlog is largely tied to OpenAI.
CerebrasNvidiaMicronAMDiShares Semiconductor ETF