-- Cabot (CBT) has an average rating of hold and mean price target of $81.80, according to analysts polled by FactSet.
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Price: $81.96, Change: $+0.65, Percent Change: +0.80%
Major digital assets rose Friday with Bitcoin (BTC-USD) holding above $80,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.5% in the past 24 hours. The Nasdaq 100 rose 1.7%, the S&P 500 gained 0.8%, and the Dow Jones Industrial Average little changed.Bitcoin rose 0.1% to $80,099, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 6.7% to $34.7 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 0.9% to $2,315.XRP (XRP-USD) gained 2.3%, BNB (BNB-USD) rose 0.6%, and Solana (SOL-USD) added 4.5%. Dogecoin (DOGE-USD) climbed 0.7%, while Cardano (ADA-USD) advanced 3%.The US 10-year Treasury yield stood at 4.363% at 3 p.m. ET Friday, down from 4.392% Thursday, while the five-year yield fell to 4.011% from 4.043%.The total market value of the cryptocurrency industry rose 0.6% in the past 24 hours to $2.67 trillion, with trading volume gaining 0.3% to $162.4 billion.Price: $80101.31, Change: $+86.04, Percent Change: +0.11%
(Updates with Meta's statement in the fourth and fifth paragraphs.)Apple (AAPL) and Meta Platforms (META) have opposed a Canadian bill that could require them to break the encryption of their devices and services, Reuters reported Thursday, citing company statements.Canada's ruling Liberal Party proposed Bill C-22, which law-enforcement officials say would help them probe security threats earlier and take immediate action, according to the report.End-to-end encryption means that only the users can access their data without the decryption key, and it is widely used in services like WhatsApp and iMessage, Reuters said."The technical community's consensus on this is clear: it is not possible to build backdoors to encrypted systems for law enforcement without creating vulnerabilities that will be exploited by malicious actors," Meta said Thursday in a statement.Meta wants the bill revised to drop third-party surveillance mandates, protect encryption by tightening the "systemic vulnerability" definition, and create a formal mechanism to contest problematic requests, according to the statement.Apple did not respond immediately to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $293.43, Change: $+6.00, Percent Change: +2.09%
Largo (LGO) filed a registration statement on Friday for the sale of 200 million Canadian dollars ($146.2 million) of securities from time to time.The filing covers common shares, warrants, units, debt securities, and subscription receipts.Net proceeds will be used to repay debt and for general corporate purposes.Price: $1.15, Change: $-0.01, Percent Change: -1.29%