Reported 4 days ago
Citigroup Inc. forecasts a potential decline in the dollar following the recent G-7 meeting, as discussions on currency policies reflect the US's approach to lowering tariffs with its trading partners. The bank's strategists suggest that while the US may not actively seek a weaker dollar, the currency could depreciate as trade negotiations progress, particularly involving countries like Japan and China. Factors influencing this outlook include the impact of central bank policies and foreign currency reserves on US interest rates.
Source: YAHOO
Reported 4 days ago
华尔街策略师们预计，由于经济前景改善，欧洲股市将在至少二十年来首次相对于美国股市表现出色。根据对20名策略师的调查，Stoxx Europe 600指数预计年末将达到约554点，JPMorgan的目标为580点，Citi的预测为570点。随着德国历史性的财政改革和企业收益的韧性，战略家们对欧洲股市的决策发生了逆转，尽管市场的估值担忧依然存在。
Source: YAHOO
Reported 4 days ago
Home Depot's stock rose 2% despite a mixed earnings report, which showed a 9.4% revenue increase to $39.86 billion but a decline in net earnings per share. Same-store sales fell by 0.3%, and CEO Ted Decker acknowledged challenges due to tariffs impacting consumer renovation projects. The company continues to navigate the uncertain tariff landscape, emphasizing its effort to diversify sourcing rather than raising prices, as it anticipates a cautious approach from consumers in the housing market.
Source: YAHOO
Reported 4 days ago
As trade tensions ease, investors are shifting their focus from tariffs to earnings, according to Sam Stovall, CFRA Research chief investment strategist. With 2025 earnings expectations being cut significantly, market sentiment is changing, and there is a need for more upward revisions in earnings estimates before confidence returns.
Source: YAHOO
Reported 4 days ago
A bill regulating stablecoins has successfully passed a crucial procedural vote in the Senate, signaling potential final approval this week, despite opposition from some Democrats, including Senator Elizabeth Warren. The proposed legislation aims to enforce strict reserve requirements for stablecoin issuers, bar unbacked stablecoins, and ensure compliance with consumer protection laws. While some Democrats express concerns over potential loopholes, supporters argue that the regulations are necessary to prevent a repeat of past market failures.
Source: YAHOO
Reported 4 days ago
This article discusses the rising costs of common goods driven by global market dynamics, particularly focusing on the trends of de-dollarization and trade policies that are affecting the value of the dollar. RSM Chief Economist Joe Brusuelas explains how these shifts lead to inflation, using the example of guacamole to illustrate how tariffs and currency depreciation can inflate grocery prices. The discussion emphasizes the potential economic consequences, including the looming risk of recession.
Source: YAHOO
Reported 4 days ago
As cryptocurrency becomes increasingly mainstream, highlighted by Coinbase's entry into the S&P 500, more investors are looking to digital currencies for stability amidst traditional market chaos. The integration of crypto companies with established financial institutions enhances their legitimacy, even as the financial landscape remains volatile. With significant stock price surges for Coinbase and Bitcoin, investors are exploring cryptocurrencies as potential alternatives to centralized banking.
Source: YAHOO
Reported 4 days ago
Rick Newman discusses how the escalating US national debt, which has reached $36 trillion, poses a serious challenge for President Trump. Despite decades of warnings about fiscal mismanagement from past administrations, Trump is the first to confront a credit rating downgrade by Moody's due to political dysfunction, amidst ongoing plans for substantial tax cuts that could worsen the debt situation. The article highlights the urgent need for reform in mandatory spending programs and taxes to stabilize the economy.
Source: YAHOO
Reported 4 days ago
Vodafone has announced that it expects to return to revenue growth in Germany, its largest market, this year, after meeting its financial targets for the ending year in March. Despite a decline in service revenue due to regulatory changes, the company reported strong adjusted core earnings and positive cash flow. CEO Margherita Della Valle's restructuring efforts, including selling operations in Spain and Italy, have been praised, but market skepticism remains as shares have decreased over the past year.
Source: YAHOO
Reported 4 days ago
Japanese bond yields surged following a weak government debt auction that revealed the lowest demand in over a decade. The central bank's potential retreat from market interventions has fueled fears, driving up borrowing costs. Prime Minister Shigeru Ishiba acknowledged the worsening financial conditions, likening them to those of Greece, while expressing caution about government spending funded by bonds. Market analysts note that the sell-off is spreading from super-long bonds to 20-year bonds, indicating growing investor anxiety.
Source: YAHOO
Reported 4 days ago
根据日经新闻的报道，七与伊控股计划将七银行约10%的股份，价值约300亿日元（2.08亿美元），出售给贸易公司伊藤忠，预计将于5月30日公布此消息。七与伊正在着手专注其核心便利店业务，同时面临来自加拿大Alimentation Couche-Tard的收购提议。
Source: YAHOO
Reported 4 days ago
UBS Group AG is likely to experience a defeat in its quest to dilute a Swiss government law requiring it to hold up to $25 billion in extra capital. The proposed legislation would mandate UBS to fully cover losses at its foreign subsidiaries, a significant increase from the current requirement. Despite efforts by UBS executives to contest these higher capital demands, the law seems poised for a lengthy legislative process, with potential implementation as late as 2029, affecting the bank's investor returns and business operations.
Source: YAHOO
Reported 4 days ago
A recent study reveals that investments in Latin American startups surged by 26% in 2024 compared to 2023, outpacing Europe and contrasting with a decline in Southeast Asia. The growth is attributed to a young demographic, digital advancements, and stronger capital sources. However, challenges remain, especially regarding local funds' participation in late-stage investments. Mexico and Argentina emerged as key players in this investment recovery, with significant financing rounds observed in both countries.
Source: YAHOO
Reported 4 days ago
Honda Motor announced a reduction in its electric vehicle investment due to declining demand, shifting to focus on hybrids. CEO Toshihiro Mibe revealed plans to decrease electrification investments from 10 trillion yen to 7 trillion yen and expects that electric vehicles will constitute only around 20% of sales by 2030. The company aims to sell 2.2 to 2.3 million hybrids by that year and will introduce 13 new hybrid models globally by 2027. Despite scaling back, Honda aims for all new car sales to be battery-powered or fuel-cell vehicles by 2040.
Source: YAHOO
Reported 4 days ago
Foxconn, a key supplier for Apple, has announced a $1.5 billion investment in its India unit as part of the company's strategy to move manufacturing out of China due to ongoing tariffs. The investment will support Yuzhan Technology India, which produces electronic components and assembles iPhones in Tamil Nadu. This move aligns with Apple's efforts to diversify its manufacturing capabilities and reduce reliance on Chinese production.
Source: YAHOO
Reported 4 days ago
Starlink, the satellite internet service owned by Elon Musk's SpaceX, has officially launched in Bangladesh, aiming to provide reliable and uninterrupted internet access. This move comes as the South Asian nation seeks to enhance its internet services amid political instability. Monthly plans start at 4,200 taka ($35) with a one-time equipment fee, offering high-speed options for users. The launch is part of Starlink's global expansion, targeting emerging markets.
Source: YAHOO
Reported 4 days ago
The Australian dollar experienced a decline following the Reserve Bank of Australia's (RBA) decision to cut interest rates to a two-year low of 3.85% amid concerns over global trade tensions. The rate cut, which investors had anticipated, reflects the RBA's cautious stance on economic risks and forecasts further easing. The dollar fell to $0.6428, while expectations grow that the RBA may implement additional cuts in the future.
Source: YAHOO
Reported 4 days ago
Australia's central bank has reduced interest rates to a two-year low of 3.85% amidst a backdrop of declining inflation and growing global trade risks. The Reserve Bank of Australia (RBA) expressed openness to further easing measures, having noted shifting economic conditions influenced by global trade tensions, particularly the U.S.-China tariff disputes. Despite a mixed domestic economic outlook, RBA Governor Michele Bullock indicated a cautious approach in navigating future rate adjustments, with market expectations suggesting additional cuts could occur in the coming months.
Source: YAHOO
Reported 4 days ago
Asian shares have increased as China implements interest rate cuts to stimulate economic growth.
Source: YAHOO
Reported 4 days ago
Asian shares are generally up as China has reduced key interest rates to combat an economic downturn exacerbated by ongoing trade tensions with the United States.
Source: YAHOO
Reported 4 days ago
The Reserve Bank of Australia has reduced its benchmark interest rate by a quarter percentage point to 3.85% in a second rate cut this year, following a decline in inflation. This move comes as the bank aims to steer inflation towards its target range of 2% to 3%. Bank Governor Michele Bullock noted increased uncertainty in the global economy, which may affect household and firm spending.
Source: YAHOO
Reported 4 days ago
Asian shares rose sharply after China announced a reduction in key interest rates, aiming to counteract economic challenges exacerbated by ongoing trade tensions with the U.S. Notably, CATL, a major player in electric battery manufacturing, saw its stock surge during its initial public offering. Analysts anticipate further rate cuts may be needed to boost economic activity, as current measures might not sufficiently stimulate loan demand amid slowing retail sales and factory output.
Source: YAHOO
Reported 4 days ago
The Australian central bank has lowered its benchmark interest rate to 3.85%, marking the second quarter-point cut of the year.
Source: YAHOO
Reported 4 days ago
Australia's central bank has warned that a global trade war poses significant risks to the economy, potentially leading to lower inflation and higher unemployment. In its quarterly update, the Reserve Bank of Australia noted that global trade tensions, including U.S. tariffs, could drag down growth and impact Australia negatively. It is expected that interest rates will be cut in response to cooling inflation and weaker consumer demand, with new forecasts suggesting unemployment might rise to 4.3% by year-end.
Source: YAHOO
Reported 4 days ago
MediaTek's CEO Rick Tsai announced that the company intends to tape out its new 2 nanometer chip at TSMC in September 2025 during the Computex forum in Taipei.
Source: YAHOO