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13:20
UBS Group: Raises Oracle Price Target from $250 to $285
BlockBeats News, June 2nd, UBS Group announced that it has raised a company's price target from $250 to $285.
12:57
Iranian Media: Strait of Hormuz Transit Permit Application Now Open
BlockBeats News, June 2nd, According to Iranian media reports on the 2nd, the Strait of Hormuz ship passage permit application system has been fully opened, and global ship owners and captains can submit passage applications at any time 24/7. According to the report, ship operators can submit their Strait of Hormuz transit applications through the electronic system established by the management agency. Once approved, the vessels will receive a passage permit.
12:56
Fed's Harker: Action May Be Needed Soon if Inflation Trends Do Not Cool
On June 2, Fed's Harker stated that given the many uncertainties in the economic outlook, maintaining the current interest rates is reasonable, but officials may need to act quickly to address the rising inflation issue. Harker expressed greater concern about inflation, which has exceeded the Fed's 2% target level for over five years, while she is less worried about the strong performance of the labor market. She noted that the Fed's benchmark interest rate 'may not be restrictive,' and she has not heard complaints from business owners that high rates are hindering their investments. Price pressures are 'broadly distributed,' affecting both goods and non-housing services.
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