Bitcoin is ‘not an asset’ and has ‘no intrinsic value,’ says $225 billion investment company

A coalition of major banks, including Goldman Sachs and Santander, is diving into the world of blockchain technology to explore the potential of issuing digital money on public blockchains. This initiative highlights a significant shift in how traditional financial institutions are considering the use of cryptocurrency technology for payments, which could revolutionize the way we think about money and transactions in the future.

Deutsche Bank has initiated coverage of Houlihan Lokey with a Hold rating and a target price of $210. This move indicates a cautious outlook on the stock, suggesting that while it may not be a strong buy, it holds potential for stability. Investors should pay attention to this rating as it reflects Deutsche Bank's analysis of the company's performance and market position, which could influence trading decisions.

PepsiCo is facing significant pressure from activist investor Elliott Management, which has taken a $4 billion stake in the company and labeled it a 'dramatic underperformer.' This scrutiny comes as PepsiCo embarks on a major overhaul of its beverage lineup, including a reboot of Gatorade and a $2 billion acquisition of Poppi, a brand focused on gut health. The changes are crucial for PepsiCo to regain investor confidence and improve its market performance, making this a pivotal moment for the company.

Deutsche Bank's involvement with high-risk clients has come under scrutiny, especially following its association with Jeffrey Epstein after he was dropped by JPMorgan. This raises concerns about the bank's practices and the implications of servicing clients with controversial backgrounds. The situation highlights the ongoing challenges in the banking sector regarding ethical standards and risk management.

Deutsche Bank has raised its stock price target for UBS to CHF36, citing favorable conditions in the capital markets. This adjustment reflects a positive outlook for UBS, suggesting that the bank is well-positioned to benefit from current market trends. Investors may find this news encouraging as it indicates potential growth and stability for UBS in the near future.

Deutsche Bank has raised its stock price target for Alstom to EUR26, reflecting the company's solid growth prospects. This adjustment is significant as it indicates confidence in Alstom's performance and potential in the market, which could attract more investors and positively influence the stock's trajectory.

A prominent Wall Street analyst has shared insights on the recent selloff in U.S.-China stocks, suggesting that this might be a strategic buying opportunity for investors. The commentary comes at a time when market volatility has raised concerns among traders, making it crucial for investors to assess the potential for recovery in these markets. Understanding the dynamics of this selloff is essential for making informed investment decisions.

The article highlights how the American economy, under Trump's leadership, continues to show robust growth while Europe faces stagnation. This contrast is significant as it underscores the differing economic strategies and outcomes between the two regions, potentially influencing global markets and trade relations.

The article explores the notion of gold as a risk-free asset, questioning its reliability in uncertain economic times. While gold has traditionally been viewed as a safe haven, the piece highlights the complexities of market dynamics and the potential risks involved in investing in gold. Understanding these factors is crucial for investors looking to diversify their portfolios and safeguard their wealth.

As we move into the second half of 2025, various restaurant brands are gaining traction among consumers. This trend is significant as it reflects changing tastes and preferences in the food industry, highlighting how brands adapt to meet customer demands. Understanding these shifts can provide valuable insights for investors and industry stakeholders looking to capitalize on emerging opportunities.

Recent developments in U.S.-China relations have taken a turn for the worse, as President Trump has responded sharply to China's assertive actions. This escalation highlights the fragility of diplomatic efforts and raises concerns about future cooperation between the two nations. The situation is significant because it could impact global markets and international stability, making it crucial for observers to pay attention to how these tensions unfold.

French Prime Minister Lecornu is facing intense pressure as the government approaches a critical budget deadline. This situation is significant because it highlights the challenges the administration faces in balancing fiscal responsibility with public expectations, and the outcome could have lasting implications for the government's stability and public trust.