The price of XRP (CRYPTO: XRP) has blasted over 122% higher (as of Nov. 19) since election night, vastly outperforming the likes of Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency. The sector has gone higher as well, as President-elect Donald Trump has positioned himself as a friend to the crypto industry and vowed to make changes favoring the industry and bringing the crypto spotlight back on the U.S. While I think the sector can continue to perform well with a more friendly regulatory environment and lower interest rates, XRP is poised to outperform.
Mizuho analyst Dan Dolev raised the firm’s price target on Block (SQ) to $110 from $94 and keeps an Outperform rating on the shares. The firm says that while several investors have expressed concern that Block’s initial 2025 guidance of at least 15% profit growth could be too aggressive, its analysis of the company’s three ecosystems suggests otherwise. Cash App excluding buy-now-pay-later can grow profits at a mid-teens rate, even if Block only adds 1M monthly active users and monetization rate
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SiriusXM Radio will have to change its cancellation practices in New York state after a court said it created a burdensome procedure for consumers and subscribers, according to New York Attorney General Letitia James.
Bosch said it expected to cut 3,500 jobs in its cross-domain computing solutions division by 2027. Subdued car sales and intense competition have hit earnings at carmakers.
The Swedish battery maker said Carlsson will become a senior adviser as the company enters U.S. bankruptcy and initiates a debt restructuring. The search for a new chief executive is underway.
Honeywell International has agreed to sell its personal-protective-equipment business to a private-equity firm’s portfolio company for $1.33 billion in cash.
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