Jefferies Hires Lazard's Thomas for Activism Defense
Based in New York, Thomas will join Jefferies in the coming months, the people said, asking not to be identified discussing private information. The global activism defense head is a new title at Jefferies and reflects how it is seeking to do more business with corporate clients.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
PEPE Price Prediction: Where Pepe Could Be by 2025, 2026, and 2030
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Analysts are projecting that Pepe (PEPE) could reach $0.00002480 by 2030. Think this PEPE price prediction might play out? You can trade Pepe on Coinbase — and . PEPE (PEPE) is a cryptocurrency memecoin launched in April 2023, themed after the popular internet meme Pepe the Frog. As an ERC-20 token built on the Ethereum blockchain, it rapidly gained attention in the crypto no utility or roadmap, the memecoin is 100% community-driven with a 420.69 trillion token supply. Despite lacking fundamental value, PEPE experienced explosive growth, reaching a multi-billion dollar market cap and securing listings on major exchanges like price movements are driven purely by social media trends and community sentiment, making it extremely volatile and speculative. Like DOGE and SHIB, PEPE is subject to rapid pumps and dumps while benefiting from periodic memecoin rallies and its unique 'frog coin' Lowest Prediction ($) Average Prediction ($) Maximum Prediction ($) 2025 0.00000708 0.00001888 0.00003345 2026 0.00000591 0.00001376 0.00001960 2027 0.00000605 0.00000737 0.00000904 2028 0.00000682 0.00001139 0.00001381 2029 0.00001317 0.00002514 0.00004500 2030 0.00002241 0.00002480 0.00003162 2025 Pepe Price Prediction Lowest Prediction: $0.000007082 Average Prediction: $0.00001431 Maximum Prediction: $0.00002405 Pepe's price in 2025 will likely be influenced by memecoin market sentiment and broader crypto market trends. If Bitcoin and Ethereum enter a strong bull market, PEPE could experience renewed speculative demand, pushing its price toward the higher range of projections. Community-driven engagement and viral trends will remain crucial for Pepe's price performance. If PEPE can sustain hype through influencer support and social media trends, it may outperform other memecoins. As seen with previous memecoins, a lack of sustained engagement or a shift in retail investor focus could lead to price stagnation or declines. Don't Miss: . 2026 Pepe Price Prediction Lowest Prediction: $0.000005908 Average Prediction: $0.00001376 Maximum Prediction: $0.00001960 By 2026, Pepe may struggle to maintain the same speculative interest as new memecoins emerge. History suggests that meme-based assets often see declining attention unless reinvigorated by external factors, such as exchange listings or high-profile endorsements. Regulatory scrutiny could also impact memecoin markets. If regulators introduce stricter rules on speculative assets, PEPE's growth may be hindered. Should mainstream crypto adoption expand further, Pepe could sustain moderate gains. 2030 Pepe Price Prediction Lowest Prediction: $0.00002241 Average Prediction: $0.00003162 Maximum Prediction: $0.00004500 By 2030, Pepe's long-term survival will depend on its ability to remain relevant in the memecoin market. If PEPE is still widely recognized and traded, it could see a resurgence driven by nostalgia or continued viral appeal. Memecoins typically struggle with longevity. Without a strong ecosystem or real-world use cases, PEPE may face challenges competing with newer, more innovative meme-based assets. Investors should consider the risks of long-term holding, as memecoin markets are highly volatile. Reasons to Invest in Pepe Pepe has captured a dedicated following, making it a prime candidate for speculative trading during crypto market upswings. Here are a few key reasons investors might consider PEPE: Strong Community & Hype: Memecoins rely on their communities for longevity, and PEPE has a highly engaged social media audience. High Volatility for Traders: Short-term traders may benefit from PEPE's price swings, capitalizing on hype-driven rallies. Potential Exchange Listings: If major platforms such as Coinbase or Binance expand support for PEPE, it could trigger price surges. Despite these advantages, PEPE remains a speculative asset with no intrinsic value beyond its cultural appeal. Factors That Could Slow Pepe's Growth Despite its popularity and recent price surges, several factors could hinder Pepe Coin's growth in the coming years. One of the primary concerns is the nature of memecoins themselves. Highly speculative assets driven by hype rather than fundamental value. While PEPE has maintained a strong community presence, memecoins often experience rapid rises followed by sharp declines. If investor interest shifts toward newer or more utility-driven assets, PEPE could struggle to sustain its value. Regulatory uncertainty remains a significant risk for Pepe Coin. As governments and financial regulators worldwide continue scrutinizing cryptocurrencies, memecoins could become targets of restrictive policies. Increased regulation could limit accessibility on major exchanges, reducing liquidity and speculative interest. In some cases, outright bans on certain cryptocurrencies or taxation policies could dampen enthusiasm for investing in PEPE. Another key challenge is the overall market sentiment. The Fear & Greed Index on Wallet Investor currently shows a 32 (Fear) value, indicating that investors are hesitant about high-risk assets like Pepe Coin. If bearish sentiment persists and Bitcoin, Ethereum or other major cryptocurrencies enter a prolonged downturn, PEPE could see further price declines. The memecoin's dependence on social media trends also adds an element of unpredictability. The coin's momentum could fade without sustained influencer endorsements or viral moments. Price Predictions from Analysts According to CoinCodex, Pepe Coin is expected to see a substantial price increase over the next several years, with predictions indicating both bullish and bearish scenarios depending on broader market conditions. By April 15, 2025, CoinCodex analysts forecast a 227.92% price increase, reaching $0.00002322. Current market sentiment remains bearish, suggesting short-term volatility is likely before an upward trend takes hold. In March 2025, CoinCodex anticipated a potential price rebound, with an expected 99.40% increase from current levels. The price may range between $0.00002405 and $0.000007082, with an average of $0.00001431. While this prediction follows a 28.43% loss over the last 30 days, it also suggests a possible reversal of the trend, making PEPE a potentially attractive buy for long-term investors seeking a 235.15% return on investment. Looking further ahead, Pepe Coin is predicted to close the year within a trading range of $0.00001310 to $0.00001341. This would result in an 84.79% increase from current prices, with a potential profit of 87.01% for investors who enter at current levels. Predictions for 2026 indicate a trading range between $0.000005908 and $0.00001960, with a yearly average of $0.00001376. The most bullish expectations place PEPE at 173.56% above current prices in early 2026. Long-term forecasts remain positive, with 2027's average price projected at $0.000007374, followed by a 58.98% increase in 2028, pushing the average price to $0.00001139. The strongest bullish case for 2029 suggests a potential high of $0.00004500, representing a 528.20% gain from today's value. By 2030, analysts expect continued growth, with PEPE potentially reaching highs of $0.00003162, offering an ROI of 341.79%. Market Sentiment and Social Trends Pepe Coin's price movements are heavily influenced by community sentiment, social media trends and speculative interest. Memecoins are known for rapid trend reversals, especially when fueled by viral moments or influencer endorsements. Social media engagement plays a crucial role in PEPE's success. If prominent figures in the crypto space, such as Elon Musk or major crypto influencers, tweet about Pepe Coin, the price could surge. Retail investors on platforms like TikTok, Reddit and Twitter have historically driven memecoin rallies. Monitoring these platforms for trends, hashtags and mentions can provide insight into potential price movements. Whale activity also influences Pepe Coin's trajectory. Large investors accumulating PEPE suggest confidence in its long-term potential, while sudden sell-offs by whales could trigger sharp declines. Recent trading data indicates that Pepe Coin recorded 13 out of 30 green days in the last month, meaning that nearly half of its trading days saw price gains. The asset remains highly volatile, with a recorded price fluctuation of 15.86% over the same period. Speculative Demand and Hype Cycles Like all memecoins, Pepe Coin experiences boom-and-bust cycles driven by speculative demand rather than intrinsic value. Historically, memecoins have thrived during crypto bull runs, when retail investors have excess liquidity and are willing to take risks on highly volatile assets. PEPE's future price trends will likely follow these patterns, surging during optimistic market conditions and crashing during bearish periods. Exchange listings, celebrity endorsements and viral trends are the most significant factors contributing to PEPE's price spikes. If Pepe Coin is listed on major platforms like Coinbase or Binance, its price could experience an immediate surge due to increased accessibility and liquidity. This pattern was observed with Dogecoin and Shiba Inu, which saw massive spikes following exchange listings. Technical Indicators and Price Levels Pepe Coin's price movements can be assessed using technical indicators highlighting key support and resistance levels. According to Wallet Investor, the following price levels are critical in determining potential breakouts or retracements: Resistance Level (R3): 0.000155 Resistance Level (R2): 0.000123 Resistance Level (R1): 0.0000648 Pivot Point: 0.0000324 Support Level (S1): -0.0000258 Support Level (S2): -0.0000582 Support Level (S3): -0.000116 If Pepe Coin breaks above the first resistance level, it could signal a strong upward trend toward its higher price targets. Failing to hold the pivot point may indicate a bearish trend, leading to further price declines toward key support levels. Broader Market Factors Pepe Coin's price movements are also influenced by broader macroeconomic conditions, including Bitcoin and Ethereum's performance, Federal Reserve policies and overall risk appetite in the crypto market. Historically, memecoins have closely followed Bitcoin's trajectory, so if BTC enters a bull market, PEPE will likely see a speculative interest surge. Conversely, memecoins suffer heavier losses during bearish market conditions than more fundamentally driven assets. Final Price Forecast Based on the current market conditions and long-term projections, Pepe Coin's future price could follow one of three possible scenarios, according to CoinCodex: Bearish Case: $0.000005908 – If market sentiment remains negative and speculative demand fades, PEPE could drop toward this level. Average Case: $0.00001376 – A moderate estimate suggests that PEPE will continue to experience periodic surges and corrections, maintaining a stable upward trajectory. Bullish Case: $0.00004500 – If Pepe Coin maintains strong community engagement, gains more exchange listings and benefits from a broader market rally, it could see massive price growth, reaching this high by 2029. Pepe Coin remains one of the most speculative assets in the cryptocurrency market. While its short-term prospects appear promising based on potential trend reversals, investors should remain cautious of its volatility and long-term sustainability. Recommended: . This article PEPE Price Prediction: Where Pepe Could Be by 2025, 2026, and 2030 originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 minutes ago
- Yahoo
Chicago Mayor Brandon Johnson, facing a yawning budget deficit, could be in for a fight with corporate tax proposals
By opening the door to a pair of polarizing corporate taxes, Mayor Brandon Johnson could galvanize a progressive base itching to see him deliver on a campaign promise to 'make the ultra-rich pay their fair share,' but also infuriate business opponents already set on defeating him in 2027. Facing a more than $1 billion deficit and having disavowed a property tax hike, Johnson last week said he would consider the return of a per-employee 'head tax' on businesses or a much bolder payroll expense tax. Either would be a major shot across the bow of the city's corporate class. He told reporters Tuesday his administration would take a serious look at how 'individuals with means, particularly our billionaires and the ultra-rich who have benefited from a growing economy, can put more skin in the game' by contributing to the city's violence reduction and affordable housing efforts. Johnson and his allies described both business taxes as just two of the numerous options the mayor is considering that might eventually be included in his budget proposal this fall. A mayoral working group of business and labor officials, aldermen and administration leaders has been meeting regularly behind closed doors to come up with fresh revenues and efficiencies after Johnson said he won't push a property tax hike for 2026, which had dim prospects of passing the City Council anyway. The mayor's office late last week shared its estimates for what nearly three dozen new or expanded taxes, fees or revenue schemes might raise. The payroll expense idea emerged from a new think tank with ties to Johnson called the Institute for Public Good. Johnson cited figures about Chicago's concentration of millionaires and billionaires from the group's late July report, though the source of those figures has been criticized as unreliable. Launched earlier this year, the nonprofit is led by Julie Dworkin — former policy head of the Chicago Coalition to End Homelessness and a leader of the 'Bring Chicago Home' campaign that was a key Johnson initiative — and Ishan Daya, a community organizer who Johnson initially tapped for his budget working group. Daya stepped down from the group after facing backlash over a past video of him tearing down a poster of an Israeli hostage kidnapped by Hamas. He was replaced by Dworkin. In their report, they proposed a new 'corporate excise tax' that would charge businesses with more than $8 million in annual payroll in Chicago. The rate would be 5% of the cost of payroll for employees who earn more than $200,000. The group estimates, based on census data, that the tax could boost the city's annual revenues by $1.5 billion. An Illinois Department of Revenue spokesperson said the agency does not collect information with enough granularity to estimate precisely how many businesses in Chicago have payrolls over $8 million or employees with individual incomes exceeding $200,000. But based on the most recent and complete income data the state does keep, which includes wages but also pension distributions, investment returns and other benefits, just over 93,000 individuals in Chicago in 2022 reported income above $200,000. 'It seemed like the only options floated were having to massively raise property taxes or cut tons of jobs and city services. So we wanted to come up with a third way,' Dworkin said. The tax would be well timed, Dworkin argued, after the 2017 federal Tax Cuts and Jobs Act reduced the corporate tax rate to a flat 21% rate from a top rate of 35%, and delivered the steepest savings to high earners. Soon after Johnson publicly entertained the excise tax idea, the business community pushed back, suggesting that implementing such a tax would not only deter new business and spur relocations out of the city, but would also be unconstitutional. 'If I'm a business and I'm more mobile or making a decision on whether to come to Chicago, I'm considering what's going on on the local level,' said Jack Lavin, the president of the Chicagoland Chamber of Commerce. With outside business-backed groups such as Common Ground Collective and One Future Illinois already gearing up to oppose progressive proposals, Lavin said the defeat of Bring Chicago Home and Gov. JB Pritzker's graduated income tax shows that the broader business community 'is better positioned' to win the messaging battle with the public. 'I also think taxpayers in general are tired of the constant increase in taxes and (thinking), 'What are we getting out of it?'' Lavin said. But Ald. Anthony Quezada, 35th, a mayoral ally, countered that progressive proposals are popular and that 'folks are tired' of 'nickeling and diming small businesses or homeowners or consumers.' Aldermen largely refused to go along with Johnson's proposed increases to city fines and fees for this year's budget, nixing a garbage collection cost hike and a bump to the alcohol tax, and forcing the mayor to completely abandon a property tax hike. They did agree to add parking and plastic bag charges, and went along with the mayor's additional speed cameras to help close the deficit. This year, most aldermen concede they must pair any new revenue with some cuts or efficiencies. It's not only a political necessity to win over the public, but a fiscal reality that neither cuts nor revenues alone could fill the gap. According to a memo distributed to aldermen Thursday and provided to the Tribune, city officials estimated a garbage fee increase could net anywhere from $19.6 million to just under $300 million, depending on the rate. The city's current garbage collection program, which charges $9.50 a month per dwelling unit, runs a $160 million deficit. But for some aldermen, increasing that charge could cause more of a political uprising than raising the property tax levy. An additional liquor tax could bring in between $30 million and $90 million, according to the memo, while charging the sales tax rate on services like haircuts or accounting would net between $78 million and $305 million, but would require a state law change. Charging tax on online sports bets could bring in between $8.5 million and $17 million, the memo notes. The administration did not endorse any specific proposal. Ernst & Young is also looking for ways the city can recover the costs of hosting special events and changes to city fines and fees 'to promote fairness and revenue generation.' Johnson touted a midyear budget report released Wednesday as 'a clear turning point' for city finances, pointing to stabilizing revenues and a drop in operating costs. A day later, his administration enacted a hiring freeze 'to manage costs responsibly and support core service delivery,' according to a memo shared with the Tribune. The new hiring freeze follows a similar cost-cutting measure used by the city last year. It allows for hiring in many revenue-generating and safety-related roles, but suspends non-essential travel and overtime for non-public safety jobs. While Quezada said he wanted time to vet the institute's corporate tax proposal, he appreciated efforts to find money to continue investing in violence prevention, mental health and affordable housing, rather than searching for cuts. 'We really need to shift the narrative away from austerity and decay to growth and investment. Progressive revenue streams like this, bold ideas like this, start a really productive conversation,' Quezada told the Tribune. The institute's pitch is modeled after Seattle's JumpStart 2020 payroll expense tax but the group roughly doubled the highest rate there to come up with its tax dollar estimates for Chicago. Today, Seattle charges businesses with payroll expenses over $8.8 million and at least one employee earning more than $189,000. The tax is applied to the total annual compensation paid in Seattle. Rates range between 0.7% and 2.557%, depending on total payroll. JumpStart brought in $293 million in its first year and $360 million in 2024. The tax is expected to bring in $430 million this year and $451.5 million next. Grocers and independent contractors are exempt. But the tax there can be subject to significant swings: Seattle's budget office said about 70% of revenues from the tax are paid by just 10 companies. Most are in the tech sector, making returns especially volatile during layoffs or stock market fluctuations, 'since stock grants represent a notable share of total compensation for technology workers.' Dworkin said McDonald's, Mondelez, United Airlines, as well as major local banks, law and real estate development firms would likely be the ones to pay here. JumpStart passed following a yearslong push to tax Amazon. It garnered significant pushback from the city's Chamber of Commerce — including a lawsuit — and other downtown business groups that argued the charge was an income tax 'masquerading as an excise tax.' Like Chicago, Seattle is constitutionally barred from charging its own income tax. JumpStart backers successfully argued the program isn't an income tax because businesses were barred from passing the tax on to employees, and the chamber dropped its appeal in the summer of 2022. Collections continued throughout the court fight. Lavin and others predicted a similar Chicago tax, if passed, would end up in court. 'It's an income tax, so I don't think it's constitutional; it certainly will be litigated,' Lavin said. The mayor's office told the Tribune it is conducting a legal analysis of the institute's proposal and different potential iterations. A far more modest proposal — which is nevertheless also receiving business pushback — is returning the corporate head tax. Nixed by the Chicago City Council under former Mayor Rahm Emanuel in 2011, Johnson said Tuesday the idea was back on the table. Back before it was scuttled, companies with 50 or more employees who earned at least $4,300 every three months were required to pay a $4-a-month tax for each of those workers. The juice from the head tax may not be worth the squeeze for Johnson: The city estimates charging $5 per employee today would net just over $25 million, which wouldn't put a significant dent in a $1 billion deficit. Johnson said the administration has also 'been looking at' a PILOT, or payment in lieu of taxes, program, as well as a digital ad tax. PILOT programs seek to get nonprofit entities like hospitals, universities, religious and cultural organizations that don't pay property taxes to voluntarily contribute to city coffers. One of the country's most successful PILOT endeavors is in Boston, which by 2023 raised $35.7 million in cash contributions. But Boston's success took years to build up and relied on individual negotiations with entities. Replicating that in Chicago would not only take time, but it is complicated by federal funding cuts hitting hospitals and universities. Despite the initial opposition from the city's business community, longtime Chicago media and political consultant Delmarie Cobb said the mayor could have success with the suite of progressive taxes. 'I think, if the mayor presents it correctly, that progressives will get behind it because this is the kind of creative thinking that we have been asking for,' she said. Emanuel 'didn't get rid of (the head tax) because he cared about poor people, he did it so his rich friends would feel good about him,' Cobb said. Progressives 'need to have that same kind of aggressive thinking and action when it comes to generating money and making sure that the people who suffer the most as a result of it aren't the people that can afford it the least.' _____ (Chicago Tribune's Jake Sheridan contributed.) _____ Solve the daily Crossword
Yahoo
2 minutes ago
- Yahoo
Trump officials scramble to justify firing of economic statistician – as critics say ‘scary' move is a sign of ‘authoritiarianism'
Members of Donald Trump's team scrambled to provide coherent explanations for the sudden firing of a top official at the Bureau of Labor Statistics on Sunday as Friday's firing resonated throughout Washington and left the White House open to criticism of Trump's 'authoritarian' leanings. The US president directed the firing of Erika McEntarfer on Friday after a jobs report showed private companies adding just 73,000 positions in July, a drop from projections and a further sign that the Trump economy is stalling in the face of growing uncertainty around the president's tariff agenda. McEntarfer's firing was immediately denounced by her Trump-appointed predecessor and numerous others in Washington. Republicans on the Hill struggled to defend it, while members of Donald Trump's team insisted in interviews that the president and the nation needed what he called 'reliable' numbers. Trump accused McEntarfer of cooking the numbers on Kamala Harris's behalf during the 2024 election, and now working to make him look bad, a notion even the president's own advisers wouldn't echo directly. Kevin Hassett, director of the White House economic council, led the efforts to defend the president's decision-making on Sunday. He was joined by Jamieson Greer, the US trade representative. Hassett directly contradicted the president during his interview on Fox News Sunday with Shannon Bream; he argued that it was the formula by which the BLS determined job market gains — not malicious activity by McEntarfer — which needed to be addressed. Pointing to a letter from McEntarfer's predecessors, Bream asked Hassett: 'They're saying it's not good to cast aspersions on what's being done because it's a formula. It's used the same way every single time. So are you saying maybe the formulas, the calculations need to change?' 'That's right. They really need to get back to ground zero and find out why these numbers are so unreliable,' said Hassett.' "The data can't be propaganda. The data has to be something you can trust, because decision-makers throughout the economy trust that these are the data that they can build a factory because they believe, or cut interest rates because they believe. And if the data aren't that good, then it's a real problem for the US,' Hassett continued. He and others pointed to the agency revising totals for May and June as evidence that the BLS required changes: 'We expect more big revisions for the jobs data in September, for example ... we want to know why, we want people to explain it to us.' Greer, during a pre-taped interview with CBS's Face the Nation, backed up Hassett's claims that sharp revisions dating back to 2024 were evidence of the numbers produced by the agency being unreliable. "You want to be able to have somewhat reliable numbers,' he said. 'There are always revisions, but sometimes you see these revisions go in really extreme ways.' But there's still nothing linking McEntarfer to the kind of nefarious activity which Trump alleged she was up to in a Truth Social post. 'I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes,' Trump wrote on Friday. He added: 'In my opinion, today's Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were 'taken away' on November 15, 2024, right after the Election.' No one on the president's team has attempted to present any evidence backing up Trump's claims. A number of McEntarfer's predecessors and other top officialst at the BLS fired back in a statement from a group called the 'Friends of the BLS': 'The President seeks to blame someone for unwelcome economic news.' The president's critics said that the firing and unsupported explanation meant that future figures released by the agency would be thrown into question and was an example of Trump desiring ability to dictate the creation of phony statistics. 'This is the stuff of democracies giving way to authoritarianism,' warned Larry Summers, former director of the White House economic council under Biden (and Hassett's predecessor), on ABC's This Week. 'This is really scary stuff, and it can hardly be surprising that when the rule of law is in a bit question that there's a big uncertainty premium in the markets.' He went on to argue that Trump's battering of Fed Chair Jerome Powell followed in a similar vein, and was behind much of the uncertainty curbing U.S. investments on Wall Street. Friday marked the resumption of Trump's reciprocal tariffs; enforcement of rates as high as 50% on some U.S. trading partners will resume this week. Economists largely agree that those tariffs are driving up consumer prices and stifling U.S. investment rather than encouraging the return of manufacturing plants to America as companies continue to evaluate new costs stemming from Trump's import duties. The job numbers put out by the BLS on a monthly basis are some of the most important statistics gathered by the U.S. government in terms of their ability to move financial markets around the world. Experts say the sharp revisions are a result of more accurate data collection efforts.
