Nike stock tumbles after the athletic apparel company says it expects first-quarter sales to fall 10%, Infinera shares jump after Nokia reaches an agreement to buy the maker of optical telecom equipment for $2.3 billion, and coverage of Synchrony Financial is initiated with a Buy recommendation.
We recently compiled a list of the Top 30 Largest Economies in the World by 2075 and in this article we will look at the country that’s expected to be the largest in 2075. Emerging Markets Projected to Lead by 2075 According to research by Goldman Sachs, the global potential growth is expected to slow, largely […]
You're better off waiting a few weeks before sending your tax information for the 2023-24 financial year. Here's why.
Without travel insurance, you might be sunk.
In this article, we will take a look at the Country That Imports the Most Natural Gas in the World. We have also compiled a full free list of the 20 Countries that Import the Most Natural Gas in the World. Natural Gas: A Key Player in the Global Energy Market Natural gas, a fossil […]
From tax to minimum wage, the financial landscape for Australians will change dramatically from July 1. Here’s what’s coming.
Australia's central bank pondered whether a further rise in interest rates was needed to bring inflation to heel at its June policy meeting, but decided to stand pat in part due to the risk of a sharp slowdown in the labour market. Minutes of its June 17-18 board meeting out on Tuesday showed the Reserve Bank of Australia (RBA) considered raising its 4.35% cash rate amid doubts policy was not restrictive enough to bring inflation - currently running at 4.0% - to its 2-3% target band. In the end, the board judged the case for holding steady was stronger given the economy was still tracking broadly as expected, with inflation seen returning to target in 2026, output growth staying weak and risks to the labour market on the downside.
China bulls will be hoping it's the former. The 'official' manufacturing PMI from China's National Bureau of Statistics on Sunday came in at 49.5, unchanged from May and marking the second month in a row that manufacturing activity has declined. If there are financial market ripples from the first round of voting in the French election, they may be felt first in Asia on Monday.
We recently published a list of the 10 Stocks to Buy and Sell Before the Third Quarter 2024 According to Jim Cramer. Since Eli Lilly & Co (NYSE:LLY) ranks 2nd on the list, it deserves a deeper look. Jim Cramer in a latest program discussed the changing consumer trends in the US, wondering whether the consumer […]
Key Insights Significant control over United Overseas Insurance by public companies implies that the general public has...
Carvana first landed in the Fortune 500 in 2021.
The Conversation’s expert panel expects the Reserve Bank to cut interest rates two to three times over the next 18 months, with the first cut likely in March.
Each of the 50 states is home to a highly rated business whose industry is a retailer selling directly to customers. To find the number one retail store in every state, GOBankingRates sourced Fortune...
(Bloomberg) -- BlackRock Inc. is the latest asset manager to launch an exchange-traded fund that offers a way to ride the stock rally — while hedging 100% of the downside if markets plunge.Most Read from BloombergSupreme Court Says Trump Has Some Immunity, Delaying Trial24-Hour Stock Trading Is Booming – and Wall Street Is RattledDemocrats Weigh Early Biden Nomination to Squash Talk of a SwapBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Sup
(Bloomberg) -- The yield on China’s benchmark bonds fell to a record low as investors continued to snap up the notes amid pessimism about the domestic economy.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestFrance’s Market Rally Falters as Investors See Enduring RiskJustice Department to Charge Boeing, Seeks Guilty Ple
(Bloomberg) -- A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeTrump Immunity Ruling Means Any Trial Before Election Unlikely‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US ConsumersBlackRock Buys Preqin for $3.2 Billion in Private Data PushBlackRock Deal to Make Preqin’s Founder Ric
Retiring in your 50s doesn't require a superpower, a trust fund, or the lottery, but it does require discipline. Since your investments will have less money to compound, you'll need to contribute...
Morgan Stanley analysts are hiking their price target on Nvidia (NVDA) from $116 to $144 per share over the chipmaker's "compelling narrative" within the AI space. The Morning Brief's Brad Smith and Madison Mills review Morgan Stanley's note and the international competition between dominant chip companies. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The Supreme Court has ruled that former President Donald Trump has some immunity from criminal charges related to his attempts to reverse the results of the 2020 election. As the 2024 election draws near, Key Square Group LP Founder, CEO, and CIO Scott Bessent joins Catalysts to discuss what a second Trump term would look like. Bessent — a Trump supporter and former CIO of Soros Fund Management — explains that one of Trump's biggest economic policies is tariffs, which Wall Street believes are bad for the economy as it would stoke inflation. "I think they were wrong in Trump 1.0. I think they'll be wrong in Trump 2.0," Bessent says. He adds, " My inclination is that when we hear 60% tariffs on China, that's the beginning of a maximalist negotiating position. That's the way President Trump negotiates. I would be surprised if we ever hit that. But I think given his record in Trump, 1.0, he has a lot of credibility in using tariffs to negotiate." While some argue that Trump's agenda on immigration would also be inflationary as it would raise labor costs, Bessent states, "the 8 million job openings are not the people who are pouring across the border every day. They're not going into jobs at Microsoft (MSFT) and senior management. So I think that that's not right." Bessent is in consideration for the position of Treasury Secretary if Trump gets reelected. He explains that despite disagreeing with Federal Reserve Chair Jerome Powell's strategy to curb inflation, he would not fire him: "I think Jerome Powell has done an extremely poor job, but I don't think it's to anybody's advantage to fire him. I think that his term will run out. I think that he will be replaced." He notes that both President Biden and former President Trump want to see lower interest rates. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Key Insights AST SpaceMobile's significant retail investors ownership suggests that the key decisions are influenced by...
(Bloomberg) -- A fire at Anglo American Plc’s biggest metallurgical coal project in Australia halted production, with the miner saying it may take months for it to be extinguished. Anglo, which is seeking to sell the mine as part of a turnaround plan, fell as much as 4%.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestF
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