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Federal Reserve officials are expressing concerns about the potential inflationary impact of tariffs. Governor Kugler anticipates larger price increases due to President Trump's tariffs in 2025, supporting steady interest rates if inflation risks persist. Presidents Schmid and Harker also highlighted the unsettling economic outlook and potential for tariff-driven price pressures.
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News and Media
Circle Internet Group witnessed a remarkable surge, with shares soaring up to 235% following its IPO. The stablecoin issuer and its shareholders raised nearly $1.1 billion amidst strong demand, pricing shares at $31 each. Trading at $94.
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News and Media
JP Morgan has increased the price target for Reliance Industries. The firm maintains an 'Overweight' rating. This is due to a better earnings outlook over the next two years. Reliance shares have faced pressure. This pressure is from earnings cuts in FY25. The retail business is key to the conglomerate's valuation. An improved growth outlook could drive multiples up.
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News and Media
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