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[ad_1] Stay informed with free updatesSimply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox.The UK financial regulator has said trading can begin later this year on new venues for buying and selling stakes in private companies, as it gave the green light to the much delayed scheme.The Financial Conduct Authority on Tuesday laid out final rules for the Private Intermittent Securities and Capital Exchange System, which is designed to provide a crossover between private and public markets and bolster the UK’s capital markets.The scheme, which had been proposed by the previous Conservative…

[ad_1] Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Carvana as buy Bank of America raised its price target on the stock to $375 per share from $325. “Despite tariff-driven supply concerns, May used car supply ended at 44 days of supply, up one day vs. April, and down only two days Y/Y. In our tracking, Carvana’s Inventory is at its highest level since March (at 32.9k in SF Bay Area) with rapid-delivery inventory at recent highs.” Bank of America reiterates Nvidia as buy Bank of America said data center demand trends remain robust for Nvidia.…

[ad_1] McDonald’s is getting burned as consumers begin to change their habits, according to Redburn Atlantic. The investment firm double downgraded the fast food giant to sell from buy. Analyst Chris Luyckx also slashed his price target to $260 from $319, which signals downside of about 15% from Monday’s close. That marked the third downgrade for McDonald’s in less than a week. Morgan Stanley on Monday lowered its rating on the stock to equal weight from overweight . On Friday, Loop Capital cut McDonald’s to hold from buy. “Weight-loss drugs are reshaping restaurant demand – not only by suppressing appetite,…

[ad_1] 2025-06-10T11:31:08Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Homeowners face an average of $21,400 yearly in hidden costs like maintenance and utilities, Bankrate says. Rising home values and inflation drive up property taxes and insurance premiums. A Bankrate survey shows 42% of homeowners regret unexpected maintenance expenses. When you buy a home, your principal and interest payments aren’t the…

[ad_1] London CNN  —  Global economic growth is on track for its weakest decade since the 1960s, according to a new analysis by the World Bank, which cites President Donald Trump’s trade war as a major factor weighing on economies worldwide. The World Bank expects Trump’s barrage of new tariffs on America’s trading partners to whittle down global economic growth to its lowest level since the 2008 financial crisis when discounting worldwide recessions, according to a report released Tuesday. While the Washington, DC-based institution does not expect another global recession due to the tariffs, it said in a press release…

[ad_1] Taking full control of Hulu will lead to more gains for Walt Disney , according to Loop Capital. The investment firm raised its price target for the entertainment conglomerate to $130 from $125 per share, implying about 12% upside. Analyst Alan Gould kept his buy rating on shares as well. Gould’s price target revision comes after Disney agreed to pay Comcast another $438.7 million to finalize its purchase of Hulu, concluding an appraisal process that has lasted since 2023. That amount is well below a potential liability of about $5 billion. Disney has already paid Comcast $8.6 billion for…

[ad_1] Millions of student-loan borrowers could be facing a financial strain that will hinder their abilities to buy a house or get a new job, Sen. Elizabeth Warren said.Ahead of a Tuesday meeting with Linda McMahon, President Donald Trump’s education secretary, Warren published a blog post — first viewed by Business Insider — detailing her concerns with the Trump administration’s move to restart collections on defaulted borrowers’ student loans.After Trump announced on May 5 that consequences for student-loan defaults would resume after a five-year pause — including garishment of wages and federal benefits — the New York Federal Reserve released…

[ad_1] AI may be a game changer for Hollywood budgets, but it won’t replace human creativity, says Netflix co-CEO Ted Sarandos.In a conversation on the WTF podcast with entrepreneur Nikhil Kamath, Sarandos said he wasn’t afraid of AI.”I hope creators aren’t either because it’s going to make a great tool to tell stories even better, and make it possible to make movies they couldn’t before,” he said.Sarandos highlighted AI’s potential to reduce the cost of visual effects. He said Martin Scorsese’s Netflix film “The Irishman” used de-aging technology that was thought to have added about $30 million to the budget:…

[ad_1] JPMorgan Chase has a rosy outlook ahead, according to Wells Fargo. Wells Fargo analyst Mike Mayo reiterated his overweight rating on shares of JPMorgan Chase and raised his price target to $320 from $300. His updated forecast implies the stock could rally 20%. “JPMorgan Chase has excelled at both offense and defense over the past decade, in which it has been gaining market share in all major business lines, while optimizing its businesses, showing consistent earnings relative to other global banks, and creating a ‘fortress balance sheet’ (as defined by its CEO),” Mayo wrote. “JPM should reflect our ‘Goliath…

[ad_1] Wall Street analysts remained unimpressed following Apple’s annual developer conference on Monday, after the iPhone maker failed to introduce substantial artificial intelligence updates. Apple unveiled several software updates including “Liquid Glass,” its first major redesign of its iPhone operating system since 2013. Still, this wasn’t enough to outweigh the disappointment that Apple hasn’t made as much progress on the AI front as competitors such as Google and OpenAI. The stock lost more than 1% on Monday following the announcements and were flat on Tuesday. “The new software looks very nice but isn’t exactly the kind of stuff that drives…