Real-time News

Rosenblatt Securities raised its price target for Broadcom (AVGO.O) from $500 to $600.

September 3rd - Jeff Bezos' Blue Origin is developing its planned satellite network, and its employees are being poached from another Bezos company, Amazon. According to LinkedIn data, the billionaire's space company has poached at least 47 senior employees from Amazon's Leo satellite project in the past year. Analysis of their online posts reveals that many are currently involved in the development of Blue Origin's emerging satellite communications project, TeraWave. Amazon Leo plans to begin selling broadband internet services to customers by the end of this year, eventually targeting homes, businesses, and governments worldwide. Blue Origin's TeraWave, announced in January, is seeking regulatory approval to build an equally ambitious satellite network of thousands of satellites to serve enterprise and government customers with high data transmission demands that previously required custom fiber optic connections.

A Reuters poll released Thursday indicated that the European Central Bank (ECB) will raise interest rates for the second and final time on September 10, marking its shortest rate hike cycle in 15 years. Most economists in the poll believe that rising energy prices are unlikely to trigger widespread inflationary pressures. Despite renewed tensions in the Middle East in recent days and a sharp rise in global bond yields over the past week, forecasters focusing on the ECB maintain that the central bank is unwilling to add further pressure to the fragile economy. Carsten Brzeski, global head of macro at ING, expects the ECB to raise rates by 25 basis points in September and then stop. He stated, "Given the public finance difficulties and soaring bond yields, it's still hard to imagine the ECB really wanting to add fuel to the fire. In other words, it's hard to imagine the ECB being willing to risk a recession to deal with what is still a typical supply-side shock."

Deutsche Bank raised its price target for Dell (DELL.N) from $480 to $520.

A Reuters poll shows economists expect the European Central Bank to raise interest rates for the second time in September, after which it will stop raising rates.

A Reuters poll showed that 58 of the 64 economists surveyed expect the European Central Bank's deposit rate to reach 2.50% by the end of 2026 (compared to 55 of the 69 economists surveyed in August).

A Reuters poll of 65 economists showed that the European Central Bank expects to raise its deposit rate by 25 basis points to 2.50% at its meeting on September 10.

Deutsche Bank: Raises its price target for Snowflake (SNOW.N) from $350 to $400.

Russian Ambassador to Norway: (Regarding Norway's seizure of Russian ships) Russia will appeal the court's ruling.

According to the Oman News Agency, Oman and Qatar have discussed strengthening cooperation in commerce, industry, and investment. The report also stated that the two sides explored new prospects for partnerships in several areas of common concern. Oman and Iran have been negotiating for weeks on how to jointly manage the crucial Strait of Hormuz shipping lanes. Qatar is a key behind-the-scenes mediator between the United States and Iran and played a crucial role in facilitating a memorandum of understanding in June. This memorandum briefly led to a cessation of hostilities between the two sides, but the agreement has since expired.

A spokesperson for British Prime Minister Burnham said that Britain has summoned the Russian chargé d'affaires in the UK over the Leipzig airport attack.

Bank of Montreal: Raises its price target for Chevron (CVX.N) from $210 to $235.

Bank of Montreal raised its price target for Broadcom (AVGO.O) from $455 to $575.

Mizuho Bank raised its price target for Snowflake (SNOW.N) from $355 to $425.

European Commission spokesperson: We are looking into how to further restrict visa entry.

According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 1.8 million Class B shares on September 3 for HK$49.4 million.

A spokesperson for the European Commission said: "We are drafting a proposal on targeted visa restrictions to address security risks, particularly those posed by hostile actions from third countries."

Wells Fargo: Raises its price target for Snowflake (SNOW.N) to $525 from $500.

KazTransOil, Kazakhstan's state-owned oil transporter, has completed its first transit oil delivery to Kyrgyzstan.