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paraguay president removes bitcoin post amid suspected crypto scam
Paraguay's President Santiago Peña deleted a post on his X account after it was likely hacked by crypto scammers who falsely claimed the country had approved Bitcoin as legal tender. The presidency labeled the post as "false" and reported "irregular" activity on the account, indicating possible unauthorized access. Paraguay's cybersecurity agency is collaborating with the social media platform to investigate the incident.
cisco systems insider trading and institutional investment activity reported
Cisco Systems' executive vice president now owns 191,184 shares valued at approximately $11.6 million after a recent sale, which decreased their position by 1.07%. Over the past 90 days, insiders sold 14,635 shares, while institutional investors hold 73.33% of the stock. Analysts have raised Cisco's price target to $73.00, suggesting a potential upside of 14.74%. The company reported earnings of $0.96 per share, exceeding estimates, and announced a $15 billion share repurchase plan, indicating management's belief in the stock's undervaluation.
canada goose shares see significant institutional trading activity and analyst ratings
Canada Goose Holdings Inc. (NYSE:GOOS) saw significant changes in institutional ownership, with Barclays PLC reducing its stake by 90.1% in the last quarter. Analysts currently rate the stock as "Hold," with a consensus price target of $10.20, while shares opened at $9.10, reflecting a 1.0% decline. The company, which specializes in luxury apparel, operates through Direct-to-Consumer, Wholesale, and Other segments across various global markets.
ubs international expands miami team with new financial advisors and associate
Ubs International has expanded its Miami team with the addition of Ana Sofia Dominguez, Jorge Claypole, and Eduardo Carrera. Dominguez and Claypole join as Senior Financial Advisors, while Carrera takes on the role of Wealth Strategy Associate, collectively bringing over 40 years of experience from Citi. They will operate as LatAm Nexus Advisors, focusing on personalized financial solutions for ultra high net worth individuals in Latin America and the US.
rosenblatt securities raises ansys target price to 340 while maintaining neutral rating
Rosenblatt Securities raised ANSYS's target price from $335 to $340, maintaining a "neutral" rating. Deutsche Bank AG reduced its stake in the company by 24.2%, while various hedge funds adjusted their holdings. ANSYS reported a quarterly EPS of $1.64, missing estimates, with revenue of $504.89 million, an 8.2% increase year-over-year.
american express announces dividend increase and analyst rating updates
American Express has declared a quarterly dividend of $0.82, payable on May 9th, with an ex-dividend date of April 4th. Analysts have mixed ratings on the stock, with a consensus "Hold" and an average price target of $295.05. Recent insider sales indicate a decrease in positions, while institutional investors have increased their stakes significantly.
HIVE establishes long-term partnership with Paraguay for energy stability and cost efficiency
HIVE views Paraguay as a strategic long-term partner, attracted by the country's stability and low-cost energy resources. This partnership is expected to foster growth and sustainability in the region, aligning with HIVE's operational goals.
Morgan Stanley announces management changes for China A Share Fund
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
EU and Mercosur poised to finalize contentious trade agreement amid opposition
The EU and Mercosur are set to finalize a contentious free trade agreement after over 20 years of negotiations, with a political announcement expected in Montevideo. However, the deal faces significant hurdles in Europe, particularly from France and other member states concerned about agricultural imports and environmental standards. Supporters argue it is crucial for diversifying trade and accessing South American markets.
EU and Mercosur Near Historic Free Trade Agreement After 25 Years of Talks
After over 25 years of negotiations, the EU and Mercosur states are nearing a free trade agreement, with EU Commission President Ursula von der Leyen reportedly in Uruguay to finalize discussions. The deal could create a market of 700 million people, but faces opposition from some EU members concerned about its implications for stability and unity. Key concessions include significant tariff reductions on agricultural products, with the gradual elimination of 91% of customs duties on EU exports and 92% on Mercosur imports.
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