Latest news with #Christiansen
CNBC
2 days ago
- Business
- CNBC
Citigroup hikes price target on Coinbase, sees room for shares to rise more than 30%
Coinbase stands to gain from legislative momentum as well as stronger bitcoin prices and improved custodial fee revenue, according to Citigroup Global Markets. Analyst Peter Christiansen reiterated his buy rating on the crypto services provider and lifted his price target by 87%, to $505 from $270. The new target suggests the stock still has roughly 33% potential upside. Shares of Coinbase have rallied about 52% this year, helped by the Trump administration's favorable attitude toward cryptocurrencies and the entire financial ecosystem surrounding them. "Coinbase has enjoyed several catalysts in recent weeks, including: (i) signing of the GENIUS Act (stablecoins), (ii) House passage of the CLARITY Act (market structure), and (iii) inclusion in the S & P 500," Christiansen said in a 27=age report to clients published Monday. "We also believe investors are beginning to place a premium on blockchain innovations applicable for real-world activities." COIN 1Y mountain Coinbase stock performance over the past year. Christiansen said his new price target is driven by the quarterly rise in crypto prices of between 40% and 45%, and a better yield on Coinbase's Subs-n-Services revenue. The analyst expects Coinbase's integration of stablecoin USDC and new product announcements, such as its card partnership with American Express and new payments features, will lift Coinbase One subscriber growth. Coinbase in June announced that the American Express card will be available exclusively to U.S. members of the company's monthly subscription product Coinbase One, which offers zero trading fees and other perks. "We continue to see upside for COIN from adding futures and options as well as benefiting from its category leadership in the forthcoming regulated era of crypto," Christiansen said.
USA Today
20-07-2025
- Sport
- USA Today
Kansas City Chiefs 90-man roster by jersey number: No. 48, LB Cole Christiansen
The Kansas City Chiefs initially signed veteran linebacker Cole Christiansen on September 1, 2022. As a collegian, Christiansen attended the United States Military Academy and played for the Army Black Knights. Christiansen originally began his career in professional football with the Los Angeles Chargers, who signed him as a free agent after the 2020 NFL draft. A two-time Super Bowl champion, Christiansen has yet to start a game in his NFL career, but he played a modest role on Kansas City's special teams unit last season. During his two regular-season campaigns with the Chiefs, Christiansen has tallied three combined tackles. What jersey number does Cole Christiansen wear? Christiansen currently wears the No. 48 jersey for the Kansas City Chiefs. How much money will Cole Christiansen make in 2025? According to Christiansen will receive a base salary of $1,100,000 in 2025. His contract will account for .4% of Kansas City's cap space next season. Top Cole Christiansen highlight
Metro
18-07-2025
- Sport
- Metro
Former Lioness blasts Spain during Euro 2025 quarter-final win over Switzerland
Former England midfielder Izzy Christiansen aimed a dig at Spain during their 2-0 quarter-final victory over Switzerland at Euro 2025 on Friday. Spain secured their spot in the last four thanks to goals from Athenea del Castillo and Claudia Pina, with Switzerland reduced to 10 players late-on following a red card for Noelle Maritz. Montse Tome's side, who beat England in the 2023 World Cup final and are the main favourites to win Euro 2025, got the job done despite Mariona Caldentey and Alexia Putellas both missing penalties at Stadion Wankdorf. Spain were hugely frustrated in the first half and it wasn't until the 66th minute they broke the deadlock – the longest they've had to wait for a goal at Euro 2025 – scoring before the 22nd minute in their three group games. Christiansen, on commentary duties for the BBC, called out Spain's players in the opening 45 minutes for trying to trick the referee into giving fouls. The former Lioness also mentioned Arsenal's win over Barcelona in the Champions League final last term – in which the Spaniards were 'bullied'. 'The Spanish players are starting to act like they did in the Champions League final, the ones that played for Barcelona,' Christiansen said. 'Arsenal bullied them. I'm starting to see bits of negative body language, appealing for fouls that the referee isn't giving – and they aren't fouls.' Christiansen also blasted Caldentey and Putellas for failing to score their penalties for Spain in the ninth minute and 99th minute respectively. The ex-England star, capped 31 times, described Caldentey's penalty as 'really poorly executed' and Putellas' spot-kick as 'terrible'. Speaking after the match, Christiansen added: 'Based on tonight's performance, I don't think Spain would [get to the final] because France and Germany would [have beaten them]. 'I also think Laia Aleixandri was lucky to stay on the pitch. Spain will know they have to improve if they are to beat France or Germany. 'Spain will take confidence after being poor this evening and getting the job done.' Meanwhile, a number of former England players hailed Switzerland for their performance after the match despite their loss to Spain. Former England defender Anita Asante told the BBC: 'We knew it would be nothing short of a miracle for Switzerland to get a result tonight, but they can take heart and credit for their performance. More Trending 'This is a young team, they will bounce back and qualify for many competitions to come. They held Spain for about 60 odd minutes until they scored. That's incredible, they made it difficult, this is a world class outfit but they were frustrated by Switzerland.' Ex-England captain Steph Houghton added: 'Switzerland have done everyone proud. They're on their own journey to create a legacy. 'For those young players, it is an experience they can build on and get better.' MORE: Sweden coach slammed after England defeat at Euro 2025 over 'unfair' penalty taker choice MORE: England vs Italy: When is the Euro 2025 semi-final and how to watch on TV MORE: Sarina Wiegman responds to Lucy Bronze's iconic celebration in England's win over Sweden
Yahoo
17-07-2025
- Politics
- Yahoo
NASA reportedly set to lose 2,000 senior staff members as Trump looks to slash agency's budget
NASA will soon be facing a major brain drain as more than 2,000 senior employees prepare to leave the agency amid a push to reduce its workforce. Some 875 NASA workers work at the highest level of government and in managerial or specialized positions, POLITICO reported Wednesday, citing related documents the website had obtained. Furthermore, more than 1,800 serve in mission areas, such as science and human spaceflight, and the employees make up the majority of 2,694 civil staff who have agreed to leave NASA, POLITICO said. Reacting to the report, Dr. Jessie Christiansen, a research scientist at Caltech/IPAC and chief scientist at the NASA Exoplanet Science Institute, told The Independent that losing senior staff members would leave 'deep knowledge and expertise holes across all NASA centers and impact all NASA's strategic plans.' 'We have a direct and immediate precedent for how difficult it is to rebuild institutional knowledge once it has been lost with our plans to return to the moon. We are still trying to get back to the capabilities we had sixty years ago,' Christiansen noted. NASA will not be releasing the number of individuals who take the Deferred Resignation Program before the offering window's closure on July 25. The agency told The Independent that it remains committed to its mission, working "within a more prioritized budget." The brain drain comes as the White House's budget slashes the agency's Fiscal Year 2026 funding to about half of its previous $7.33 billion allocation. The cuts come as President Donald Trump has led a push to reduce the federal budget and shrink the government's workforce. 'There is no set target number for the [resignation program]. This program is a voluntary opportunity available to NASA employees,' spokesperson Bethany Stevens said. 'We are working closely with the administration to ensure that America continues to lead the way in space exploration, advancing progress on key goals, including the moon and Mars,' she added. The report's findings come after leaders at NASA facilities told employees they already expected impacts and the Fiscal Year 2026 budget. A reduction in force at NASA, led by the Department of Government Efficiency, was initially delayed in February before the first layoffs in March, closing the Office of the Chief Scientists and Office of Technology, Policy and Strategy. 'Indiscriminately firing the next generation of NASA scientists, engineers and wider team members is exactly the wrong step to secure America's leadership in space — just as competition with China is reaching fever pitch,' George Whitesides, NASA's former Chief of Staff, said in a post on X reacting to layoffs in February. 'These employee terminations, like the layoffs of nuclear workers at the National Nuclear Security Administration, bird flu workers at USDA, wildfire GIS workers at the Forest Service, and weather forecasters at NOAA, will only make America weaker.' If NASA's budget passes through Congress, the agency is expected to see blows to crucial initiatives that have been the product of decades of its research. Those would include 41 space missions, the agency's climate monitoring satellites and top climate lab, the ongoing Mars Sample Return mission and upcoming missions to Venus. In response to the budget, which would eliminate 47 percent of its science budget, all living former NASA science chiefs penned a letter condemning the cuts, calling on Congress to preserve U.S. leadership in space exploration and to reject the cuts. 'Continuing this support of space science is critical both in terms of leveraging existing activities while also planning and implementing future investments in the next generation of U.S. scientists and engineers who will lead the world in space science,' they wrote. 'To do otherwise would be to cede U.S. leadership in space and science to China and other nations, to severely damage a peerless and immensely capable engineering and scientific workforce, and to needlessly put to waste billions of dollars of taxpayer investments.' Solve the daily Crossword
The Star
15-07-2025
- Business
- The Star
Lego doubling down on China market
The opening of Legoland Shanghai Resort on July 5 has been key to Lego Group's long-term strategy in China, marking a major milestone in its efforts to build a full ecosystem — from retail and brand experiences to product innovation and education. The move has also showcased the group's strong commitment to its development in China. The $550 million resort, China's first and the largest Legoland park at the time of opening, is the result of collaboration between Shanghai Jinshan Urban Construction Investment Group, UK-based Merlin Entertainments Group, Denmark's KIRKBI Invest A/S under KIRKBI, the parent company of Lego Group, and Chinese media and entertainment conglomerate CMC Inc. The 318,000-square-meter resort boasts eight themed lands with more than 75 interactive rides, shows and attractions, as well as thousands of models built using over 85 million Lego bricks. "It's part of our strategy to have kind of the full ecosystem," said Niels B. Christiansen, president and CEO of Lego Group. "It's important for the brand to create experiences like this." "Would we like to have more over time? Yes, we would," he added. "But this Legoland Shanghai has been on the way for almost 10 years. It's a big thing — making a park like this. You don't just decide it and build it." Christiansen believes Legoland brings something distinctive to the entertainment and theme parks landscape in China, which include leading global players Shanghai Disney Resort and Universal Beijing Resort. "A Legoland resort makes a difference," he said. "We have attractions, and you can go on a roller coaster. But you can also go into mini land, and suddenly you have the Shanghai skyline in amazing size just in front of you." With around 450 stores and a growing digital presence, the world's leading toy company views China — home to 200 million children — as one of its most strategically important markets. "Now we are in China with all the different elements of the Lego brand — including building brands, product retail channels and resort," Christiansen said. "An investment like the one in this resort kind of shows our commitment to the Chinese market." "I have no doubts about the long-term growth prospects of China — both as a global economy and for the Lego Group in China." The company has returned to growth in the Chinese market in the first half of 2025 after a flat performance last year and is rolling out new initiatives to deepen its reach. "We've been able to maintain strong growth, which is really a privilege," Christiansen said. "Opening a resort like this and bringing that to consumers — our vision is clearly to grow revenue and the business, but also to grow by reaching more consumers." To that end, Lego has launched brand events in China ranging from World Play Day to activations around botanical collections and Formula One. "We keep upgrading our stores and making sure that they fulfill what consumers are really looking for," he said. On its supply chain, while global manufacturers continue to face logistics volatility and tariff concerns, the group has remained resilient — thanks to a regionalised production strategy. The company manufactures closer to where demand is, both to ensure flexibility and to align with sustainability goals. "Many of the Lego sets that Chinese children will receive this festival season haven't even been produced yet," Christiansen said, "because we can manufacture them just in time, based on which ones are the most attractive sets". With two factories serving Asia, three in Europe, and one (soon to be two) in the Americas, Christiansen said: "We're not that dependent on tariffs and moving things around the world. In that sense, we've been able to deliver throughout this period." This system matters for a company with creativity and imagination like Lego. "We need to be both: extremely creative, and extremely precise," he said. One of the keys to drive the toymaker in continuous growth momentum is its culture of experimentation and synchronised investment across brand, products and channels. "If you invest in all three things at the same time, you have a much better chance," he said. "It's not enough to invest in products if your channels and brand are not strong." The global toy market has seen renewed momentum in collectibles — led by players like China's Pop Mart, the maker of Labubu. Pop Mart has over 530 stores worldwide, an amusement park in Beijing, and 46 million shopping members. According to Clifton Chiu, senior analyst of Euromonitor International, Pop Mart's sustained success has seen it gain about 20 percent market share in the dolls and accessories market in China and 0.5 percent in the world, which is significant considering it is competing in the same space as Barbie. Lego has continued to be the biggest player in the construction toys market for kidults. In response to the fast rise of the Chinese toymaker, Christiansen said Lego Group is watching the trend with interest but remains focused on long-term brand integrity. "What we're seeing right now is that Pop Mart and collectibles are growing quite rapidly, but they're not taking away from the building or construction part of it," he said. "It's kind of the Lego Group and collectibles that are growing globally, which is a good thing." "Our part of the toy market is also growing pretty well. So we are following the trend, but I'm not too concerned that it will eat into our part of the market," he added. "We want to understand what it means to consumers so that we can tap into that experience as well." Lego already incorporates elements of collectibility in its sets — particularly in display-worthy licensed IP like Formula One — but Christiansen emphasised the company won't chase trends. "We will never compromise on the quality and the learning aspect of what we do," he said. "We don't just do something to do quick business. We want to do something sustainable over time." The rise of collectibles isn't new. "We're seeing that collectible trend all over the world …trading cards, and a lot of similar things where you buy something blind and get excited about what it is," he said. "It's a category that has historically appeared once in a while, stayed popular for three or four years, then became a little less exciting for a period, and then reemerged in a different setting." What would be new, he said, is seeing the collectible experience done "the Lego way" — creative, sustainable and built to last. - China Daily/ANN
