🚀 Core Scientific Shareholders Likely to Reject CoreWeave Merger Proposal

According to PANews, investment bank Jefferies has indicated that Core Scientific (CORZ) shareholders are expected to vote against the proposed merger with CoreWeave (CRWV) on October 30. The report highlights that CORZ's stock price is approximately 18% higher than the merger offer, suggesting that investors believe the deal undervalues the company. Jefferies maintains a 'buy' rating for CORZ and has raised its target price to $24, citing the company's potential for independent growth driven by demand in AI data centers.

#CoreScientific #CoreWeave #merger #shareholders #stockprice #AI #datacenters #Jefferies #buyrating #investment

🚀 Tether's Gold Holdings Rival Central Banks, Reports Jefferies

According to Odaily, a report by Jefferies reveals that stablecoin issuer Tether currently holds 116 tons of physical gold, positioning it as one of the largest holders outside of central banks. This reserve size is comparable to the central banks of countries like South Korea, Hungary, and Greece. In the last quarter, Tether's gold purchases accounted for nearly 2% of global demand and approximately 12% of central bank purchases, potentially impacting short-term market supply and investor sentiment. Investors cited by Jefferies believe Tether plans to acquire an additional 100 tons of gold by 2025. With an anticipated profit of $15 billion this year, this goal appears attainable. Furthermore, Tether has invested over $300 million in precious metal producers. 

#Tether #GoldHoldings #CentralBanks #Stablecoin #PhysicalGold #MarketImpact #Investors #PreciousMetals #GlobalDemand #Jefferies

🚀 Ledger Plans U.S. IPO with Valuation Exceeding $4 Billion

Hardware wallet manufacturer Ledger is preparing for an initial public offering (IPO) in the United States, with a potential valuation exceeding $4 billion. According to Foresight News, the company is collaborating with Goldman Sachs, Jefferies, and Barclays to advance the transaction, which could be completed as early as this year.

Previously, Ledger's CEO Pascal Gauthier mentioned in November last year that the company was considering a U.S. listing, noting that its annual revenue had reached hundreds of millions of dollars.

#Ledger #IPO #USlisting #hardwarewallet #valuation #GoldmanSachs #Jefferies #Barclays #PascalGauthier #cryptocurrency

🚀 Infrastructure and Regulation Drive Tokenization in Digital Assets

Jefferies, a prominent Wall Street investment bank, emphasizes the role of infrastructure enhancements and regulatory advancements in promoting tokenization within digital assets. According to NS3.AI, the firm points to an upcoming market structure bill as a pivotal element that may facilitate the next stage of digital asset adoption. This legislation is considered vital for bridging existing gaps and expediting the mainstream integration of tokenized assets.

#Infrastructure #Regulation #Tokenization #DigitalAssets #Jefferies #MarketStructure #Legislation #NS3AI

🚀 Bitcoin Whales and ETFs Exit Market Amid Growing Skepticism

Bitcoin whales and exchange-traded funds (ETFs) are increasingly withdrawing from the market, indicating a decline in confidence regarding short-term cryptocurrency prices. According to NS3.AI, this trend is accompanied by UBS's public statement that 'crypto is not an asset,' which adds to the prevailing skepticism. Jefferies analyst Andrew Moss notes that there are few bullish indicators suggesting that the market bottom is near.

#Bitcoin #Whales #ETFs #Cryptocurrency #MarketExit #Skepticism #UBS #Jefferies #AndrewMoss #Crypto #BTC

🚀 GLP-1 Treatments Pose Significant Risk to Greggs, Analysts Warn

Jefferies analysts have identified GLP-1 treatments as a significant threat to the business operations of Greggs. Bloomberg posted on X that these treatments, which are used for weight management, could impact the bakery chain's sales. The analysts suggest that as more people turn to GLP-1 medications for weight loss, there may be a decline in demand for Greggs' products, which are often high in calories. This potential shift in consumer behavior could pose challenges for the company, which is known for its pastries and baked goods. The report highlights the need for Greggs to adapt its offerings to align with changing consumer preferences. The analysts emphasize the importance of monitoring this trend closely as it could have long-term implications for the company's market position.

#GLP1 #Greggs #WeightManagement #BakedGoods #ConsumerBehavior #Pastries #BusinessRisk #MarketPosition #Jefferies #SalesImpact #TrendAnalysis #WeightLoss #ChangingPreferences

🚀 U.S. January Average Hourly Earnings: Mixed Predictions from Major Banks

Major financial institutions have released their predictions for the U.S. average hourly earnings in January, with varied expectations. According to Jin10, the annual rate is anticipated to be around 3.6%, as per Reuters' forecast. Scotiabank predicts a 3.5% increase, while Barclays, Capital Economics, and Dekabank align with the 3.6% forecast. JPMorgan Chase, Pantheon Macroeconomics, BNP Paribas, and Citigroup foresee a slightly higher rate of 3.7%. HSBC, Jefferies, TD Securities, and UBS also expect a 3.7% rise.

For the monthly rate, Reuters projects a 0.3% increase. Morgan Stanley and Scotiabank predict a 0.2% rise, while BNP Paribas and Bank of America expect a 0.3% increase. Barclays, Capital Economics, Citigroup, and Dekabank also forecast a 0.3% rise. Deutsche Bank, HSBC, ING, JPMorgan Chase, Jefferies, Mizuho Securities, Moody's Analytics, Nomura Securities, Lloyds Bank, Oxford Economics, Pantheon Macroeconomics, TD Securities, UBS, UniCredit, Wells Fargo, and Goldman Sachs share similar expectations, with Goldman Sachs predicting a slightly higher increase of 0.4%.

#US #January #AverageHourlyEarnings #Predictions #FinancialInstitutions #Jin10 #Reuters #Scotiabank #Barclays #CapitalEconomics #Dekabank #JPMorganChase #PantheonMacroeconomics #BNPParibas #Citigroup #HSBC #Jefferies #TDSecurities #UBS #MorganStanley #BankOfAmerica #DeutscheBank #ING #MizuhoSecurities #MoodysAnalytics #NomuraSecurities #LloydsBank #OxfordEconomics #UniCredit #WellsFargo #GoldmanSachs

🚀 U.S. January Core CPI Forecasts Show Varied Predictions Among Financial Institutions

Financial institutions have released their forecasts for the U.S. January unadjusted core Consumer Price Index (CPI) year-on-year rate, with predictions ranging from 2.4% to 2.6%. According to Jin10, Jefferies Group and Capital Economics anticipate a 2.4% increase, while ABN AMRO and ANZ Bank forecast a 2.5% rise. Other banks, including Danske Bank, BNP Paribas, Bank of America, and Citigroup, also expect a 2.5% increase.

Lloyds Bank, Dekabank, Goldman Sachs, and ING Group share similar expectations, predicting a 2.5% rise. Pantheon Macroeconomics, Scotiabank, Standard Chartered, and Wells Fargo align with this forecast as well. Barclays, HSBC Holdings, Nomura Securities, and TD Securities project a slightly higher increase of 2.6%, joined by Morgan Stanley, UBS Group, UniCredit, and Regions Bank.

For the seasonally adjusted core CPI month-on-month rate, predictions vary from 0.2% to 0.4%. Jefferies Group and Capital Economics foresee a 0.2% rise, while ABN AMRO and ANZ Bank expect a 0.3% increase. Danske Bank, BNP Paribas, Bank of America, and Citigroup also predict a 0.3% rise.

Lloyds Bank, Commerzbank, Daiwa Capital, and Dekabank share similar expectations, forecasting a 0.3% increase. Goldman Sachs, ING Group, Mizuho Securities, and Moody's Analytics align with this prediction. Wells Fargo, Pantheon Macroeconomics, Scotiabank, and Standard Chartered also anticipate a 0.3% rise.

Barclays, HSBC Holdings, JPMorgan Chase, and Nomura Securities project a higher increase of 0.4%, joined by Morgan Stanley, TD Securities, UBS Group, and UniCredit.

#USCPI #CoreCPI #InflationForecast #FinancialInstitutions #JefferiesGroup #ABNAMRO #ANZBank #GoldmanSachs #UBSGroup #WellsFargo #Barclays #Jefferies #Citigroup #MoodyAnalytics #PantheonMacroeconomics #Scotiabank #NomuraSecurities

🚀 Jefferies Shares Decline 6.1% Amid Exposure to Defunct UK Lender

Jefferies Financial Group's stock experienced a 6.1% drop following reports of its £100 million exposure to the now-defunct UK lending institution, Market Financial Solutions. According to Jin10, the financial services company is facing potential losses due to its involvement with the collapsed lender. The situation has raised concerns among investors about the impact on Jefferies' financial stability and future performance. The exposure highlights the risks associated with lending to institutions that may face financial difficulties, prompting a reevaluation of investment strategies within the company. The market's reaction underscores the sensitivity to financial vulnerabilities in the current economic climate.

#Jefferies #FinancialGroup #StockDrop #MarketFinancialSolutions #UKLender #FinancialExposure #InvestmentRisks #EconomicClimate #InvestorConcerns #FinancialStability

🚀 Market Financial Solutions Bankruptcy Raises Concerns in Private Credit Sector

Market Financial Solutions (MFS), a UK mortgage company, entered bankruptcy proceedings last Wednesday. According to Ming Pao, creditors allege that MFS used the same asset as collateral for multiple loans, potentially creating a collateral shortfall of £930 million. This situation has heightened concerns about the private credit sector. Last Friday, shares of several asset management companies involved in private credit fell. Apollo Global Management, which has a £400 million exposure to MFS, saw its stock drop by 8.57%. Additionally, investment bank Jefferies reportedly has a £100 million exposure, resulting in a 9.31% decline in its stock price.

#MarketFinancialSolutions #bankruptcy #privatecredit #MFS #UKmortgage #collateralshortfall #ApolloGlobalManagement #Jefferies #assetmanagement #creditrisk #stockdecline