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.

The White House has indicated that federal layoffs have started as a result of the ongoing government shutdown. This situation is concerning as it not only affects the livelihoods of federal employees but also has broader implications for government services and the economy. The shutdown highlights the urgent need for a budget agreement to prevent further disruptions and ensure that essential services continue to operate.

Traveling with batteries can be tricky, especially with the recent changes in regulations. This article breaks down what you need to know about taking items like power banks and cordless hair dryers on a plane. Understanding these rules is crucial for a smooth travel experience, ensuring you don’t face any surprises at security checkpoints.

The White House has announced significant layoffs affecting thousands of US government workers, attributing the decision to the ongoing government shutdown. This move raises concerns about the impact on public services and the livelihoods of those affected. As the shutdown continues, the implications for federal operations and employee morale are becoming increasingly serious, highlighting the urgent need for a resolution.

The CEO of First Brands is contemplating resignation due to mounting pressure from lenders, following the company's swift decline. This situation has sparked worries about potential widespread financial losses on Wall Street, highlighting the interconnectedness of corporate health and market stability. Investors are closely watching how this unfolds, as it could signal broader economic implications.

Gloria Trevi, the iconic 'Queen of Mexican Pop,' has premiered her docuseries 'Sin Filtro' on ViX, offering fans a rare glimpse into her life during the 'Mi Soundtrack' world tour. This series is significant as it not only showcases her musical journey but also reveals the personal experiences that shape her artistry, making it a must-watch for fans and newcomers alike.

The United States has issued a stern warning about potential visa restrictions and sanctions against United Nations members who support the International Maritime Organization's emissions plan. This move highlights the U.S. government's commitment to addressing climate change, but it also raises concerns about international cooperation and the potential backlash from countries that may feel pressured. The implications of this stance could affect diplomatic relations and global efforts to combat environmental issues.