By Rashika Singh and Siddarth S (Reuters) -Wall Street brokerages had mixed recommendations on stablecoin issuer Circle Internet Group as they began coverage on Monday, with some analysts expressing concerns about its elevated valuation after the stock more than doubled since its market debut. The New York-based company’s shares were up 4% in choppy early trading. Circle debuted this month at $6 ...
Investing.com -- Temu’s U.S. demand continues to deteriorate amid ongoing trade policy changes, according to a new note from Morgan Stanley. Based on the firm’s latest AlphaWise survey and third-party data, the bank stated that the Chinese e-commerce platform is facing mounting headwinds from elevated tariffs and regulatory shifts, which have weakened consumer engagement. “Demand ...
Investing.com -- Robinhood (NASDAQ:HOOD) has introduced tokens allowing European Union customers to trade over 200 U.S. stocks and exchange-traded funds, the company announced Monday. The commission-free tokens will enable EU-based traders to access major U.S. companies including Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT). These tokenized equities will be available for ...
By Amy-Jo Crowley and Andres Gonzalez LONDON/MADRID (Reuters) -Santander is among bidders that submitted a binding offer for Spanish lender Sabadell’s British unit TSB, two sources with knowledge of the matter told Reuters. The offer would value the British bank at more than 2.3 billion pounds ($3.15 billion), one of the people said. Sabadell may hold a board meeting as soon as Tuesday to decide ...