Author: Anthony M. Orbison

Investing.com — JPMorgan issued a warning for Tesla (NASDAQ:) in a note Thursday, revising its price target, which still forecasts a potential significant downside for the stock. The bank maintained an Underweight rating on the stock, raising the price target to $130 from $115. Tesla shares closed Wednesday’s session at $249.02. “TSLA shares fell -3.5% Wednesday vs. the flat, ostensibly upon the release of sales and production figures indicating 3Q global deliveries tracked modestly less than our estimate and in line with Bloomberg consensus but, from our conversations, may have represented more of a miss vs. investor expectations,” said JPMorgan.…

Whale activity surged as XRP filed for an ETP. Transaction volume hit record highs while social dominance grew. Ripple [XRP] drew attention after Bitwise filed for a new XRP ETP (Exchange-Traded Product). This move has sparked discussions about its potential impact on XRP’s price, with many crypto enthusiasts anticipating a strong fourth quarter. While the filing isn’t for an ETF, it has generated significant on-chain activity. Three key factors that will influence whether XRP’s price heads higher in the final quarter of 2024. One of the most notable factors is the surge in whale transactions following the ETP filing. Recently,…

Last fall, Enbridge (NYSE: ENB) made a bold strike. The Canadian pipeline and utility giant agreed to buy three natural gas utilities from Dominion in a $14 billion deal. The transaction would create the largest natural gas utility franchise in North America. At the time, Enbridge’s CEO Greg Ebel stated, “Adding natural gas utilities of this scale and quality, at a historically attractive multiple, is a once-in-a-generation opportunity.” While it took a little more than a year, the company has finally closed this generational opportunity to expand its gas utility business. The deal significantly enhances the company’s ability to sustain…

Las Vegas Strip residencies are dominated by big-name singers and bands that fill the various hotel-casino showrooms. For fans of classic illusionists and magicians, legendary David Copperfield performs at MGM Resorts International’s  (MGM)  MGM Grand Hotel and Casino, and Penn & Teller’s magic, illusion, and comedy act runs at the off-Strip Rio All-Suite Hotel and Casino.Don’t miss the move: Subscribe to TheStreet’s free daily newsletter  A few stand-up comics have regular residencies on the Strip, led by comedian Carrot Top, who has headlined at the MGM Resorts International’s Luxor since 2005 and will continue his residency into 2028.Related: Superstar rock band returns…

Wormhole, Sui, and Mantra are outperforming the crypto market. These digital assets are attracting investors with their impressive price increases. Each cryptocurrency has its own reasons for success.Explore the reasons for the possible skyrocketing of these cryptocurrencies. Get in early and earn amazing profits! Future potential includes Wormhole’s unique offering.Let’s dive right in and explore the topic further. We will also look at how Wormhole contributes to this trend.Also Read: Urgent: Shiba Inu’s Potential Surge if Solana Reaches $1000!Understanding the Rise: Market Trends, Security, and Investment PotentialSource: PexelsWormhole’s Upbit Listing Sparks RallyWormhole (W) has reached $0.41, its highest since June.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government will announce support for two carbon capture and storage projects on Friday as part of a drive to invest £22bn in the sector over 25 years.The two projects are the HyNet scheme, which would capture emissions from factories and power plants in north-west England and north Wales and store them under the seabed in Liverpool Bay; and the East Coast Cluster, which would take emissions from industry around Teesside, north-east England, and store them at a site under the…

Investing.com — Air France-KLM (EPA:) on Thursday announced a series of cost-saving measures aimed at restoring its EBIT margin to about 8% by 2028, a level consistent with pre-pandemic performance.  At 7:41 AM (1141 GMT), Air France-KLM was trading 3.1% higher at €8.19.  The airline’s strategy is multifaceted, focusing on increasing staff productivity by 5% by 2025.  This target is additional to existing labor agreements.  An important aspect of KLM’s plan involves the increased outsourcing of maintenance operations from its primary hub at Schiphol to various alternative locations.  This move is expected to yield substantial savings while maintaining operational integrity. …

A closely followed trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that six altcoins are ahead of the crypto pack including projects in the artificial intelligence (AI), memecoin and layer-1 sectors. “Memes are more diverse, AI is led by TAO. Wif, Bonk, Pepe. Sei and Sui still strong. I would not really diversify outside of this leading pack until the market makes it very obvious. Be late to that change if you must.”  Source: The Flow Horse/Telegram With the…

The boss of German carmaker Mercedes-Benz is bracing his company for a “Darwinian battle” as Europe’s auto giants reel from falling demand and the onslaught of Chinese competitors. Mercedez-Benz CEO Ola Kaellenius said the biggest challenge facing automakers was halting a crisis of confidence among Chinese consumers.  European automakers have made a significant push into the EV-hungry Chinese market while responding to an unexpected slowdown in the technology’s uptake in Europe.  However, a similar demand glut in China and the emergence of cheap competitors from the region has left Europe’s carmakers fighting fires at home and overseas. For Mercedes-Benz’s Kaellenius,…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Storage is an important part of keeping your home organized. While dual-use furniture like storage sofas and coffee tables can be great for stowing away some things, there’s always a need for more dedicated storage space. Fortunately, we found just the thing on sale at Walmart that can keep anything you need safe and sound without disrupting your existing decor.The Homfa Storage Cabinet is only $95 right now, which is an impressive $165 off the regular price.…