Bert Foster

The three Magnificent Seven stocks that analysts predict could experience significant declines, based on their price targets, are: 1. Meta Platforms (formerly known as Facebook): BNP Paribas Exane analyst Stefan Slowinski set a price target of $360 for Meta Platforms, implying a potential 24% decrease from its closing price on May 10. Slowinski cited…

CNX Resources, a natural gas producer, has announced plans to construct a $1.5 billion hydrogen-production facility at Pittsburgh International Airport, subject to approval from the Biden administration’s tax credits scheme aimed at combating climate change. The proposed project involves the utilization of methane released from coal mines, which environmental groups oppose due to its…

According to the European Commission’s latest forecast, the eurozone economy is still on track for a soft landing, with inflation predicted to decline more rapidly than previously anticipated and economic growth projected to pick up throughout the coming years. Gross domestic product is expected to grow by 0.8% in 2024 and 1.4% in 2025,…

According to the latest European Commission forecast released on Wednesday, while the organization maintained its prediction from February that the Eurozone economy will grow by 0.8% in 2024, it acknowledged that inflation is likely to decelerate more rapidly toward the European Central Bank’s target. The Commission stated that uncertainty and downside risks have increased…

Despite recent signs of weakness in the global gasoline market, demand is expected to remain robust this summer, according to Rystad Energy A/S. The company predicts that consumption will exceed pre-pandemic levels seen in 2019, with global demand projected to reach 26.8 million barrels a day in August. This positive assessment is shared by…

In a significant win for the London stock exchange, British PC manufacturer Raspberry Pi has announced its intention to float on the exchange. This follows a string of high-profile British companies opting for listings in the US instead, including Arm Holdings and bookmaker Flutter Entertainment. Raspberry Pi, which produces low-cost computers for industrial IoT,…

The outlook for global oil demand growth in 2024 is becoming increasingly divergent among energy experts, with the International Energy Agency (IEA) significantly reducing its forecast while OPEC maintains a stronger view. The IEA now predicts a growth of only 1.1 million barrels a day this year, down from 1.3 million barrels a month…

In light of former President Trump’s rising popularity in crucial swing states ahead of the 2024 election, Democrats are considering reviving a failed border bill that fell short due to opposition from conservatives, including Trump himself. According to reports, Senate Democrats aim to push for the legislation in the coming months, giving Republicans the…

As the 2024 US presidential election approaches, there has been a growing interest in crypto among politicians and candidates. While crypto has not traditionally been a major election issue, several high-profile figures have recently spoken out on the subject. Former President Donald Trump, the presumptive Republican nominee, has expressed support for crypto, although his…

In addition to discussing the ongoing war in Ukraine, Russian President Vladimir Putin’s visit to China this week is expected to address economic and trade links, as well as geopolitical issues. During a recent interview with Chinese state-media agency Xinhua, Putin expressed support for China’s 12-point peace plan and stated that Russia is open…