Needham raises SpaceX (SPCX.O) price target to $250 from $200.

The Federal Reserve accepted $278 mln from four counterparties in a fixed-rate reverse repurchase operation.

The Financial Services Commission and Financial Supervisory Service announced curbs on online investment-linked finance firms’ stock-loan business, setting a per-borrower ceiling of 1 bln won and capping monthly new stock-loan originations at 30% of the prior month’s new related-lending volume. The measures take effect Aug. 16 and will be issued as management targets to firms. Regulators cited rapid expansion: online firms’ stock-loan balances rose to 898.3 bln won at end-June, up 374.5 bln won in H1 and 71.5% from 351.3 bln won at year-end. Firms that keep each month-end stock-loan balance after July at or below the June level may be exempted from the monthly cap.