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Real-time News
JPMorgan Chase raised its price target for Coca-Cola (KO.N) from $90 to $96.
JPMorgan Chase raised its price target for PayPal (PYPL.O) from $46 to $65.
On July 29th, Paul Christopher, Global Head of Investment Strategy at Wells Fargo Investment Institute, stated that he expects the Federal Reserve to keep interest rates unchanged. The easing of inflation in June provides policymakers with an opportunity to extend the pause in rate hikes and await further data. Luis Alvarado, Co-Head of Global Fixed Income Strategy at the Institute, pointed out that Warsh has made it clear that "bringing inflation back to 2% remains the Feds top priority, and policymakers have virtually zero tolerance for a rebound in price pressures. We believe he genuinely believes the Fed can achieve this goal." Alvarado stated that the biggest change Warsh might bring is in the communication style, especially forward guidance. Investors should expect increased policy flexibility and potentially greater market volatility between meetings. For Warsh, the ability to act and react flexibly to changing circumstances remains crucial.
On July 29, the Ministry of Ecology and Environment, together with 18 other departments including the National Development and Reform Commission, jointly released the "National 15th Five-Year Plan for Addressing Climate Change" today (July 29). The plan systematically outlines the goals and tasks for addressing climate change during the 15th Five-Year Plan period, providing clear guidance for climate change work over the next five years. According to the plan, by 2030, carbon dioxide emissions per unit of GDP will decrease by 17% compared to 2025; carbon dioxide emissions per unit of product in industries covered by the national carbon emission trading market will decrease by about 3% compared to 2025; a national voluntary greenhouse gas emission reduction trading market that is trustworthy, transparent, methodologically unified, widely participated, and aligned with international standards will be established; a product carbon footprint management system will be basically established; monitoring and control of non-carbon dioxide greenhouse gases will be strengthened; a carbon dioxide equivalent emission reduction capacity of 30 million tons will be formed; the climate change adaptation work system will be further improved; phased progress will be made in the construction of a climate-resilient society; and awareness and capacity for addressing climate change will be continuously enhanced. my countrys influence, guidance, shaping power, and moral appeal in global climate governance will be significantly enhanced.
JPMorgan Chase lowered its price target for UPS (UPS.N) from $118 to $115.