Reported about 1 hour ago
US stock futures surged on Monday amid reports that President Trump's upcoming tariffs will be more targeted than previously threatened, easing investor concerns over a trade war's impact on the economy. The Dow Jones and S&P 500 saw increases of 0.7% and 0.9%, respectively, while Nasdaq futures led with a 1.1% gain. Economic indicators and earnings reports from major companies are anticipated in the coming days, further shaping market expectations.
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 1 hour ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
US Treasuries experienced a decline as investors shifted to riskier assets following reports that President Trump's upcoming tariffs might be more targeted than expected. The yield on the 10-year note rose to 4.29% amid easing concerns over global trade impacts. Analysts suggest that despite the sell-off in equities, particularly in tech, a potential overestimation of tariff risks may lead to a market rebound. Economic indicators signal diminishing confidence, prompting expectations of lower US yields.
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO
Reported about 11 hours ago
China's Vice Premier He Lifeng met with CEOs from companies like Apple, Pfizer, and Cargill to affirm the country's business potential. He emphasized China's commitment to improving the business environment and welcomed foreign investments, describing the economy as resilient. This meeting coincided with the China Development Forum, where discussions on market openness and economic policies took place, despite fewer American CEOs attending compared to last year.
Source: YAHOO
Reported about 11 hours ago
Gold prices stabilized near record highs at $3,022 an ounce, following recent declines, supported by economic and geopolitical uncertainties. Despite indications that new US tariffs may be less severe than anticipated, demand for gold as a safe haven remains strong, with significant central-bank buying contributing to its 15% increase this year.
Source: YAHOO
Reported about 12 hours ago
China's push for green energy faces hurdles due to solar overcapacity, declining power prices, and ongoing fossil fuel reliance. With over $800 billion spent on renewable energy, experts warn that balancing ambitious climate goals with energy security is crucial. The rise in clean energy is straining the grid, leading to negative electricity prices and curtailments in solar projects. Despite expected installations of 300 gigawatts of renewables annually, the country must invest heavily in transmission and storage to manage energy intermittency.
Source: YAHOO
Reported about 12 hours ago
Amid a downturn in US tech stocks, South Korean retail investors are pouring unprecedented amounts into the market, betting approximately $10.2 billion on heavily affected companies like Tesla and leveraged ETFs. Despite facing notable losses, many remain hopeful about long-term returns, highlighting a risk-taking appetite among Korean investors, which has raised concerns among regulators regarding potentially reckless trading behaviors.
Source: YAHOO
Reported about 12 hours ago
Rachel Reeves is set to navigate a challenging week as the UK Chancellor prepares to announce significant spending cuts, prompting concerns of dissent within the Labour Party. With calls from cabinet members to reconsider the proposed cuts and criticism from backbenchers advocating for increased borrowing or taxes, Reeves must balance fiscal responsibility with party unity. She has underscored her commitment to cutting civil service jobs while avoiding tax hikes, amid forecasts of slower economic growth and higher borrowing costs.
Source: YAHOO
Reported about 12 hours ago
Source: WSJ
Reported about 12 hours ago
A Georgia jury has ordered Bayer, the parent company of Monsanto, to pay nearly $2.1 billion in a lawsuit from a man who claims the Roundup weed killer caused his cancer. This verdict includes $65 million in compensatory damages and $2 billion in punitive damages, marking one of the largest settlements related to Roundup. Bayer plans to appeal the decision, which underscores ongoing legal disputes regarding the safety of Roundup and its key ingredient, glyphosate, amidst numerous lawsuits alleging it causes non-Hodgkin lymphoma.
Source: YAHOO
Reported about 12 hours ago
Senator Steve Daines emphasized the importance of China halting the flow of fentanyl precursors to the US before any further trade discussions can occur. During a recent visit to Beijing, he conveyed that both sides recognize the need to resolve this issue as part of ongoing trade talks, which have been complicated by tariffs and retaliatory measures. Daines anticipates further dialogues and a potential meeting between President Trump and President Xi Jinping to address these concerns.
Source: YAHOO
Reported about 12 hours ago
Oil prices remained steady at the week's start as traders evaluated the impact of additional US tariffs and an expected increase in OPEC+ supply. Brent crude was trading above $72 a barrel, while West Texas Intermediate hovered around $68. The new tariffs from Trump are anticipated to be more targeted, amidst ongoing trade tensions with other countries, including China.
Source: YAHOO
Reported about 12 hours ago
US stock-index futures saw an uptick in early Asia trading as expectations emerged that the upcoming tariffs set by President Trump could be more focused than previously believed. Although Asian equity futures indicated a potential loss, the sentiment improved with forecasts suggesting the tariffs due on April 2 might target specific sectors rather than imposing widespread duties. Analysts remain cautious, highlighting the ongoing uncertainty around trade policies and their potential global economic impact.
Source: YAHOO
Reported about 13 hours ago
James Hardie Industries defended its $8.75 billion acquisition of AZEK Co. despite a significant stock decline, due to concerns over the US economy. CEO Aaron Erter emphasized the long-term opportunities presented by the deal, which aims to enhance James Hardie's presence in the US housing market. The acquisition is projected to drive revenue growth by expanding product offerings and capitalizing on the demand for composite materials, even as analysts express caution over the deal's premium.
Source: YAHOO
Reported about 13 hours ago
The Bank of Japan (BOJ) remains watchful of persistent food inflation, which may lead to earlier-than-anticipated interest rate hikes. Despite uncertainties from U.S. tariffs, BOJ Governor Kazuo Ueda indicated that rising food prices, particularly for staples like rice, could threaten inflation expectations. As core inflation in Japan hit 3.0%, the BOJ's willingness to act is underscored by concerns over domestic price pressures, prompting discussions on adjusting monetary support sooner than planned. Ueda's comments emphasize the potential impact of ongoing inflation on the bank’s policy direction.
Source: YAHOO
Reported about 13 hours ago
BYD Co.'s earnings report is anticipated to play a crucial role in solidifying its status as China's leading non-state stock in the electric vehicle sector, especially after recently surpassing CATL's market value. However, a significant drop in BYD's stock raises concerns about its vulnerability to market fluctuations and regulatory risks. Investors are keen to see how the company's pricing strategies and sales targets impact its profitability moving forward.
Source: YAHOO