The post New Hampshire Bitcoin Bond Rejected Despite Moody’s Rating appeared on BitcoinEthereumNews.com.
New Hampshire just killed what would have been a genuinely groundbreaking experiment in state-government crypto finance. The New Hampshire bitcoin bond — a $100 million instrument that had already cleared a formal credit rating from one of Wall Street’s most recognized agencies — died at the final hurdle when the state’s Executive Council voted 3-2 to reject it, siding with members who raised concerns about the state’s financial reputation. Key takeaways The New Hampshire Executive Council rejected a $100 million bitcoin bond project in a 3-2 vote, ending the effort at its final approval stage. The bond had received a Ba2 rating from Moody’s Ratings, making it the first rated, bitcoin-backed bond issued under a state’s authority. The Business Finance Authority of the State of New Hampshire was set to issue the bond, backing a private-sector instrument tied to bitcoin mining firm Cle
The post Wall Street analysts set INTC stock price for 12 months appeared on BitcoinEthereumNews.com.
As Intel Corp. (NASDAQ: INTC) stock signals a potential cycle top, two more Wall Street analysts have assigned a neutral rating. Ruben Roy, a Wall Street analyst at Stifel Nicolaus, assigned a ‘Hold’ rating for INTC stock on July 10 in a note to clients. However, Roy raised his 12-month target price for Intel stock to $120 from $75, signaling a potential 9.94% upside. The analyst noted that the company remains heavily reliant on the commentaries on central processing units (CPUs) and graphics processing units (GPUs). Furthemore, INTC stock is among the AI stocks that benefited from the significant ongoing investors’ AI buildout. “We expect the stock to move more on end-demand comments (ASPs and volumes) tied to server CPUs and to supply-side comments (yields and volumes) on the GPU side of the business,” Roy stated. Meanwhile, Aaron Rakers, an analyst at Wells Fargo & Co. (NYSE: WFC),
The post New Hampshire Rejects Bitcoin Bond, Sending A Chill Through State Crypto Finance Experiments appeared on BitcoinEthereumNews.com.
State government adoption of bitcoin just hit a brick wall in New England. New Hampshire’s executive council voted 3-2 to reject a bond structure that would have woven bitcoin into a public financing vehicle, killing the effort at the very last approval stage. The decision closes a chapter that many crypto advocates saw as a template for how states might begin accumulating digital assets on their balance sheets. The rejection, reported by the original report, leaves no room for parliamentary repair. The bond project had already progressed through earlier legislative and oversight steps, making the council’s essentially final vote a terminal setback. What was intended as a lean, pro-innovation funding mechanism now stands as an object lesson in how even crypto-friendly jurisdictions can balk when taxpayer-linked instruments are involved. What the bon
The post IBM (IBM) Stock Climbs 25% in Q2, Yet Wall Street Remains Cautious — Here’s What’s Holding Analysts Back appeared on BitcoinEthereumNews.com.
Key Takeaways Susquehanna launches IBM coverage with Neutral rating and $303 price target, suggesting approximately 2.5% upside from current ~$295 level Firm assigns $65 per share valuation to IBM’s quantum computing division, projecting a $650B addressable market by 2040 COBOL modernization tools powered by AI present risks to IBM’s profitable mainframe and consulting operations Most recent quarterly results exceeded forecasts: EPS reached $1.91 versus $1.81 projection, revenue hit $15.92B against $15.60B consensus Reports of Starbucks developing proprietary AI solutions to substitute IBM products create additional near-term challenges International Business Machines stock is currently changing hands near $294.79, approaching its 52-week peak of $332.46 following a robust 25% second-quarter advance that pushed shares toward all-time hig
The post Peter Schiff Flags STRC Discount as Bitcoin Return Debate Grows appeared on BitcoinEthereumNews.com.
Schiff links STRC’s discount to weaker Wall Street confidence in Bitcoin targets today. Parker sees STRC beating Bitcoin if dividends hold and shares return to par soon enough. Strategy may avoid Bitcoin sales, though buybacks could still reduce cash reserves. Economist and market commentator Peter Schiff has challenged Wall Street’s confidence in Bitcoin. He pointed to STRC’s market price as evidence. Schiff said bullish BTC targets do not match STRC’s discount, which he believes reflects dividend-cut risk. In an X post, he said Wall Street is not putting its money where its mouth is. In his view, banks do not appear to believe Bitcoin can rise even 12% per year. Wall Street refuses to put its money where its mouth is. Despite outlandish price targets for Bitcoin, big banks don’t even believe Bitcoin will rise 12% per year. If they did, $STRC would be trading near $100. Instea
The post Wall Street analysts set Meta stock price target for 12 months appeared on BitcoinEthereumNews.com.
IMPORTANT NOTICE Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability. RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.) By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more. Source: https://finbold.com/wall-street-analysts-set-meta-stock-price-target-for-12-months/
The post U.S. banking giant says Meta among best stocks to buy right now appeared on BitcoinEthereumNews.com.
Mark Zuckerberg’s Meta Platforms (NASDAQ: META) was rewarded for its stock market strength in the last two weeks with reinvigorated Wall Street bullishness and a particularly strong endorsement from Bank of America (NYSE: BAC). Specifically, BofA added the technology giant to its list of best investment ideas among the equities boasting a ‘Buy’ rating. The move came shortly after Bank of America’s Justin Post reiterated his ‘Buy’ rating for Meta stock and set the 12-month share price target at $835, thus indicating investors can expect a 32.23% rise for their position should they purchase. While BofA’s decision to add Mark Zuckerberg’s company to its top ideas list represents a particularly decisive recommendation, the bullish attitude itself is hardly a standout among major financial institutions. Indeed, the vast majority of ratings assigned since July started – Needham, JPMo
The post New Hampshire rejects $100M Bitcoin-backed bond appeared on BitcoinEthereumNews.com.
New Hampshire’s Executive Council has rejected a proposal to issue up to $100 million in Bitcoin-backed revenue bonds linked to Bitcoin miner CleanSpark. Summary New Hampshire’s Executive Council rejected the proposed $100 million Bitcoin-backed bond by a 3-2 vote. CleanSpark planned to post about $160 million in Bitcoin without exposing taxpayers to direct repayment risk. Moody’s assigned the proposed bonds a Ba2 speculative-grade rating before the final state approval failed. The five-member council voted 3-2 against the plan during its July 8 meeting. The decision blocked the final state approval required for the New Hampshire Business Finance Authority to proceed with the transaction. Meanwhile, the proposal appeared on the state’s July 8 Executive Council agenda. It called for the Business Finance Authority to issue taxable revenue bonds for NH CleanSpark Borrower Trust 2026-1. The borrow
