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Here are Monday’s biggest calls on Wall Street: Bank of America initiates Applied Aerospace & Defense as buy Bank of America said it sees “space and defense demand” for the aerospace company. “We initiate coverage of Applied Aerospace & Defense ( AADX) with a Buy rating and a PO of $24, reflecting 23x 2027E EV/EBITDA.” Citi initiates TeraWulf as buy Citi says it sees data center expansion for the bitcoin miner. “We initiate coverage on TeraWulf with a Buy/High-Risk rating and a target of $36.” Read more. Goldman Sachs initiates Liftoff Mobile as buy Goldman said the mobile app optimization…

The Middle East financial ecosystem has achieved a major milestone in the maturation of account-to-account (A2A) payments. Financial infrastructure provider Lean Technologies and licensed fintech platform Ziina have officially gone live with the UAE’s first “One-Tap Pay by Bank” experience. Developed under the region’s live Open Finance framework, the deployment represents a definitive shift toward building the seamless, low-friction digital payment journeys required for everyday consumer use. Eliminating Redirect Friction at Checkout The new capability is engineered directly on top of Lean’s proprietary “Deposits” solution. The underlying software architecture allows Ziina users to securely link their chosen bank accounts a…

The ongoing artificial intelligence boom is continuing to have unexpected ramifications for Wall Street stocks, and the news that Apple CEO Tim Cook expects products to become more expensive as component parts grow in price could have a lasting impact on chip makers. Cook warned that price rises are “unavoidable”, having claimed that Apple (NASDAQ: AAPL) had been attempting to shield consumers from the soaring costs of component parts. In a fresh series of supply chain challenges, US import prices rose significantly in May due to the rising costs of tech equipment, plastics, and air travel, as long-standing disruption from the war…

Second-quarter European earnings are set for double-digit growth on the same period last year, but gains will be led by one sector in particular, according to analysts at Deutsche Bank. In a note published on Monday, Deutsche analysts highlighted consensus expectations of 12% earnings growth year-on-year for the quarter, following “comparably resilient economic data” from the euro zone amid geopolitical turmoil. And the analysts expect growth to exceed expectations for the period. @LCO.1 YTD line Oil prices soared in the wake of the Iran war, lifting earnings in the energy sector “On the back of strong positive revisions into the…

Ed Miliband would make a “good” chancellor to Andy Burnham, Labour’s deputy leader, Lucy Powell, has said, before the likely next prime minister’s first major speech on the economy since he returned to Westminster.Powell, who served as Miliband’s chief of staff in opposition and is close to the former party leader, appeared to endorse him to run the Treasury – although some in Burnham’s camp acknowledge such a move could be politically risky.But with ministers jostling for Burnham’s ear, Powell added that speculation around cabinet posts in a future government was “unedifying” and the focus should be on creating and…

Injection pens for the weight loss treatment Wegovy, manufactured by Novo Nordisk A/S, on display during a news conference in Mumbai, India, June 24, 2025.Dhiraj Singh | Bloomberg | Getty ImagesMillions of older Americans in Medicare are about to gain access to obesity drugs for the first time — but that landmark shift may be flying under the radar for many of them. Starting Wednesday, eligible beneficiaries can get obesity drugs through Medicare’s new Bridge demonstration program for a monthly copay of just $50. The coverage marks a long-sought victory for patients, physicians and obesity advocates who have pushed for broader…

WASHINGTON—Comptroller of the Currency Jonathan V. Gould issued a statement today on his Federal Deposit Insurance Corporation (FDIC) votes concerning resolution planning, assessments, and the disclosure of confidential supervisory information. Excerpts from Comptroller Gould’s statement are below. His full statement can be found here. On resolution planning: I am voting for the proposal to revise resolution-related submissions for insured depository institutions over a certain asset size because I believe that it is a meaningful step in the right direction. It is a recognition that the FDIC should not attempt to outsource its resolution responsibilities to banks, narrows the scope of…

Traditional securitization markets struggle to package individual servers or computing equipment into investable products, Anderson said. Stablecoins — with more than $300 billion circulating onchain — create a new source of capital for asset-backed lending.”We have the capital onchain to finance this industry,” he said.The same thinking extends to energy. Framework has invested in Daylight, which finances residential solar projects through a distributed energy network, and Uranium Digital, which is building a tokenized marketplace for physical uranium.A different generationThere’s also a notable shift in the profile of founders building today’s crypto companies, Anderson said.Rather than anonymous crypto-native developers launching speculative…

With a digital health record, clinicians and AI-driven diagnostic tools would be able to see your full health history, and then make better decisions.

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe Monetary Authority of Singapore (MAS) is setting up a Future of Finance Institute to help financial firms move AI and tokenisation projects beyond pilots.The institute will initially focus on AI and tokenisation, bringing together financial institutions, technology firms, researchers and fintech players to support wider adoption across the sector.The Future of Finance Institute will build on existing MAS-led initiatives in AI and tokenisation, including the MindForge AI Risk Management Toolkit, PathFin.ai, Project Guardian and Project Orchid.MAS said the institute will act as a coordinating body for the…