Wed, Dec 2, 2020 12:55 PM
NCC share price rises on bagging Rs 3,905-crore orders
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The research firm has said that a stock market bubble, driven by investor excitement towards artificial intelligence, would drive the S&P 500 to as high as 6,500 by 2025, led by technology stocks. But starting in 2026, those stock market gains should unwind precipitously as higher interest rates and an elevated inflation rate start to weigh down equity valuations.
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Elon Musk, the CEO of X, Tesla, Inc. TSLA and SpaceX who is known for his stance on free speech, is embroiled in yet another free speech debate after acquiring X in 2022. The billionaire is entangled in legal disputes with the governments of Brazil and Australia over their content restrictions. Musk claims they suppress free speech, but critics argue he’s empowering extremists selectively.
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It's fair to say Wall Street reacted lukewarmly to UPS' (NYSE: UPS) first-quarter earnings report. On the positive side, five of them nudged their price targets higher (with BMO Capital taking it to $169). Still, only one has a positive rating on the stock (Oppenheimer's "outperform" rating). The rest remained at "hold/neutral/market perform."
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