Reported 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days 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 29 days ago
The sustainable debt market, specifically social bonds, is thriving with a current value of $1.8 trillion, primarily due to increased sales from US government agencies like Ginnie Mae, despite a broader downturn and a retreat from climate funding under the Trump administration. Social bonds, which fund projects in health, housing, and education, saw a significant rise in issuance, paralleling the green bond market, and present attractive returns to investors. Analysts believe this surge will persist even amidst political tensions surrounding climate commitments.
Source: YAHOO
Reported 29 days 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
Reported 29 days ago
Rapid7 is close to settling with activist investor Jana Partners, with discussions revolving around enhancing share value through operational improvements and potential sale avenues. The agreement may introduce three new members to the board, reflecting ongoing negotiations amidst a challenging market for cybersecurity services. Rapid7's stock has dropped significantly over the past year, prompting interest from acquisition firms.
Source: YAHOO
Reported 29 days ago
Retiring at 80 is unconventional but feasible for many, especially with longer life expectancies and rising living costs. This guide outlines essential strategies for planning a secure retirement, including calculating necessary savings, prioritizing health, diversifying investments, creating a retirement budget, and seeking financial advice. A thoughtful approach to these elements can ensure a rewarding and stable retirement lifestyle.
Source: YAHOO
Reported 29 days ago
Ukrainian and US officials met in Riyadh to discuss strategies for ending Russia's invasion, with President Trump advocating for a ceasefire. The talks were reported as productive, focusing on energy and proposing a potential maritime ceasefire in the Black Sea, which could lead to broader discussions on peace and security guarantees for Ukraine. Ukrainian Defense Minister Rustem Umerov and military leaders, along with the White House National Security Advisor, highlighted the importance of verifying ceasefire mechanisms and maintaining the current front lines amidst ongoing Russian occupation.
Source: YAHOO
Reported 29 days ago
The recent proposal by the US Trade Representative to impose million-dollar levies on Chinese ships docking in the US has sparked fears of a disastrous impact on global trade. With China producing over half of the world's cargo ships, the move could significantly increase shipping costs and disrupt supply chains, especially affecting smaller US ports and industries reliant on them. Critics argue that rather than reviving the US shipbuilding industry, these measures might exacerbate economic challenges, inflating prices and threatening jobs across various sectors.
Source: YAHOO
Reported 29 days ago
Residual value is the estimated worth of an asset at the end of its useful life, influencing calculations for depreciation, leasing, and investment analysis. It considers factors like initial cost, market demand, and asset condition. Proper calculation of residual value is essential for making informed financial decisions such as lease agreements and tax reporting.
Source: YAHOO
Reported 29 days ago
Source: WSJ
Reported 29 days ago
Turkey has implemented a ban on short-selling for all stocks and relaxed share buyback regulations to halt a market downturn triggered by the detention of opposition leader Ekrem Imamoglu. The Turkish benchmark index dropped 17% following the arrest, leading to a decline in the lira and increased bond yields. These measures are set to remain until April 25, while the central bank has held discussions with major banking executives in preparation for market volatility.
Source: YAHOO
Reported 29 days ago
本周，全球商品市场将迎来金融时报商品全球峰会，讨论能源转型及其他相关问题。主要关注五个关键领域：关键矿物质的争夺加剧，咖啡价格持续上涨，铜价在伦敦金属交易所创新高，美国石油行业经历重大转变，同时欧洲面临天然气库存问题。
Source: YAHOO
Reported 29 days ago
A rabbi trust is an irrevocable trust used by employers to set aside funds for deferred compensation of key employees. Named after a 1980 IRS ruling, these trusts allow tax deferral but also expose assets to creditor claims if the employer faces bankruptcy. While they aid in employee retention and provide flexible payment structures, rabbi trusts lack the same protections as traditional retirement plans. Consulting with a financial advisor is crucial for assessing their suitability in retirement planning.
Source: YAHOO