Chancellor Rachel Reeves announced a change in fiscal rules in her Autumn Budget speech, raising taxes by £40bn and committing to investing in the UK economy for long-term growth. Despite initial market calm, concerns arose over the need for increased borrowing of £32bn annually to fund the £70bn spending increase, leading to a rise in gilt yields and a slight dip in UK equities. The Bank of England’s potential response to the larger-than-expected fiscal event is being closely monitored by investors, impacting rate-sensitive sectors while benefiting banks.
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Why Is Wall Street So Bullish on Tesla? Here's the $1 Trillion Reason
Dan Ives, an analyst at Wedbush Securities, has set a $500 price target for Tesla (NASDAQ: TSLA), driven by a belief in a $1 trillion opportunity linked to the company's emerging robotaxi business. He emphasizes that Tesla's future valuation largely depends on the success of its autonomous vision, particularly with a significant launch planned in Austin this June. Explain It To Me Like I'm 5: Dan Ives, a smart money expert, believes Tesla's stock could...
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