Reported 19 days ago
Oil prices increased on Tuesday, supported by early signs of a thaw in U.S.-China trade tensions, which improved market sentiment and eased fears of reduced global fuel demand. U.S. President Trump is set to meet with Chinese President Xi in South Korea later this month, contributing to optimism despite ongoing trade issues. Brent crude rose 0.4% to $63.54 a barrel, while U.S. West Texas Intermediate also gained 0.4% to $59.71 a barrel. Analysts suggest that improved trade relations between the world's two largest economies could boost oil market confidence, despite ongoing geopolitical challenges.
Source: YAHOO
Reported 19 days ago
As new tariffs on imported kitchen cabinets and wooden furniture take effect, U.S. companies in the home improvement sector hope for increased domestic production and business growth. However, many small business owners anticipate immediate challenges, as customers may delay renovations due to rising costs. While some businesses plan to absorb the tariff costs to maintain customer demand, others fear a reduction in product variety and heightened prices could dampen consumer confidence.
Source: YAHOO
Reported 19 days ago
Federal Reserve Chair Jerome Powell noted that the recent slowdown in US hiring suggests the economy may still require interest rate cuts to stimulate growth.
Source: YAHOO
Reported 19 days ago
Federal Reserve Chair Jerome Powell expressed concerns that a significant slowdown in hiring is increasingly threatening the U.S. economy.
Source: YAHOO
Reported 19 days ago
Asian shares experienced a mixed performance following the US market's fluctuations as trade tensions between the US and China intensified. On Wall Street, the S&P 500 dipped by 0.2% while the Dow Jones gained 0.4%, highlighting the ongoing volatility driven by shifting trade sentiment. As concerns grow over the economic impact of retaliatory tariffs, market analysts are cautiously optimistic about a potential resolution. Upcoming earnings reports will be crucial in assessing market value as investors navigate this uncertain economic landscape.
Source: YAHOO
Reported 19 days ago
ASML, a leading chipmaking supplier, is expected to see a positive outlook from mega-deals in the AI sector as it prepares to report its third-quarter earnings. Analysts predict an increase in new bookings to 5.36 billion euros, influenced by major tech firms like TSMC and Intel expanding their chip capacities. Despite previous uncertainties, the recent AI-driven market rally suggests increased demand for ASML’s essential manufacturing equipment. However, there are concerns about the timelines for chip production expansions as building new facilities can take several years.
Source: YAHOO
Reported 19 days ago
Silver prices decreased by 3.4% after reaching an all-time high of $53.55 an ounce, as signs of a squeeze in the London market began to ease. Despite the drop, supply remains tight due to increased demand, particularly from India, and concerns over potential US tariffs on silver. Analysts warn of a possible correction in silver prices, which are significantly more volatile than gold and heavily influenced by market liquidity.
Source: YAHOO
Reported 19 days ago
Stifel has reduced its price target for Salesforce (CRM) from $325 to $300 while maintaining a Buy rating on the stock ahead of the upcoming Dreamforce conference. The downgrade reflects a lack of momentum in the stock as investors await clearer signs of revenue growth and AI monetization. The firm anticipates that discussions at Dreamforce could clarify Salesforce's AI strategy and potentially enhance confidence in its financial outlook for the second half of the year.
Source: YAHOO
Reported 19 days ago
Google is set to invest $10 billion in building a major data center and artificial intelligence hub in Andhra Pradesh, India, marking its largest investment in the country. The new facility in Visakhapatnam will include a 1-gigawatt data center, AI infrastructure, and expanded fiber-optic networks to meet the growing demand for AI services. A formal agreement for the project is expected to be signed soon.
Source: YAHOO
Reported 19 days ago
Google has announced a historic investment of $15 billion over the next five years to establish an AI data center in Visakhapatnam, Andhra Pradesh, marking its largest investment in India. Amid rising tensions over tariffs between India and the U.S., this initiative aims to boost India's AI capabilities and create job opportunities. The center is set to have an initial capacity of 1 Gigawatt and is part of a broader trend where tech giants are heavily investing in infrastructure to meet the growing demand for AI services in the country.
Source: YAHOO
Reported 19 days ago
Google is set to invest $10 billion to establish a large data centre and artificial intelligence hub in Visakhapatnam, Andhra Pradesh, marking its largest investment in India. The project includes a 1-gigawatt data centre campus that will integrate AI infrastructure and enhance the local fibre-optic network, amidst increasing competition in the tech industry for AI services.
Source: YAHOO
Reported 19 days ago
As India remains hesitant to embrace genetically modified (GM) crops, recent US trade talks are putting pressure on the country to reconsider. Despite significant opposition from rural groups and environmentalists, Indian officials have begun discussing potential concessions, including easing restrictions on importing GM corn. A key Supreme Court ruling on a locally engineered rapeseed is also anticipated, which could impact future GM crop regulations. The shifting political landscape suggests India may gradually open up to GM technology to enhance agricultural productivity amidst trade relations with the US.
Source: YAHOO
Reported 19 days ago
Pfizer Inc. (NYSE:PFE) is recognized as one of the top dividend stocks, boasting a yield of 6.94% as of October 12. Despite facing recent declines in revenue and market value, Pfizer is actively working to turn things around, including a $5 billion acquisition of biotech firm Metsera to expand into the weight management market. The company's strong oncology pipeline and its history of 15 consecutive years of dividend increases make it an attractive option for income-focused investors.
Source: YAHOO
Reported 19 days ago
Universal Corporation (NYSE:UVV) is a leading player in the tobacco industry, known as the world's largest exporter and importer of leaf tobacco. Founded in 1886 and headquartered in Richmond, Virginia, the company enjoys a reliable consumer base, providing stable revenue despite declining overall tobacco usage. With 55 consecutive years of dividend growth, UVV currently offers a quarterly dividend of $0.82 per share and a dividend yield of 6.22%. While it presents a strong investment case, some believe that AI stocks may offer better growth potential.
Source: YAHOO
Reported 19 days ago
In response to steep tariffs of up to 50% imposed by the U.S., Indian textile exporters are targeting European markets and offering discounts to U.S. customers to mitigate the impact. Industry leaders emphasize the need for diversification and adherence to European Union standards as they prepare for potential trade agreements. The U.S. remains a significant market for Indian textiles, accounting for nearly 29% of total exports, but companies are cautious as continued tariffs could lead to workforce reductions and shifts in production locations.
Source: YAHOO
Reported 19 days ago
Franklin Resources, Inc. (NYSE:BEN) stands out as one of the top dividend stocks, managing $1.61 trillion in assets under management. The company has shown its commitment to long-term growth through acquisitions, strategic investments, and share repurchases. With a strong dividend history of 49 consecutive years and a current yield of 5.65%, BEN appeals to income-focused investors. While the company is poised for success, there are other investment opportunities, particularly in the AI sector, worth considering.
Source: YAHOO
Reported 19 days ago
Bristol-Myers Squibb (BMY), a leading global pharmaceutical company, is known for its robust growth pipeline in areas like oncology and cardiology. The company aims to expand its portfolio with new product launches and strategic partnerships while navigating the challenges posed by the decline of older drugs. With anticipated earnings well above its current dividend of $2.48 and a dividend yield of 5.64%, BMY is well-positioned to maintain and potentially grow its high-yield dividend, having increased it consistently for 16 years.
Source: YAHOO
Reported 19 days ago
Perrigo Company plc (NYSE:PRGO) is highlighted as one of the top dividend stocks with a yield exceeding 4%, offering a notable dividend of $0.29 per share and demonstrating 22 consecutive years of dividend growth. Known for its wide range of over-the-counter health and wellness products, Perrigo focuses on strengthening its core categories and achieving operational efficiencies. Recent initiatives and innovative product launches, like the over-the-counter birth control pill, have further solidified its position as a leading supplier in North America and Europe.
Source: YAHOO
Reported 19 days ago
US President Donald Trump and Chinese leader Xi Jinping are engaged in a high-stakes exchange over trade, with both sides accusing each other of inaction as the deadline for increased tariffs approaches. Despite Trump's openness to negotiations, China's Foreign Ministry has indicated that its response will depend on the US's next moves. The ongoing trade feud raises tensions as each country seeks to assert its position, with China appearing resilient in the face of potential tariff hikes while the US explores options to intensify pressure on Beijing.
Source: YAHOO
Reported 19 days ago
In a volatile trading session on Tuesday, the Dow Jones Industrial Average rose by 0.4% while the S&P 500 and Nasdaq Composite fell by 0.2% and 0.8% respectively, as investors reacted to escalating trade tensions between the US and China and the beginning of third-quarter earnings season. President Trump's social media post threatening to halt US purchases of Chinese cooking oil triggered market dips, reflecting ongoing fears of a deeper trade conflict. The Federal Reserve's Chair Jerome Powell also indicated potential future cuts in response to rising employment risks.
Source: YAHOO
Reported 19 days ago
Source: WSJ
Reported 19 days ago
Source: YAHOO
Reported 19 days ago
Source: INVESTORS
Reported 19 days ago
Goldman Sachs Group Inc. has agreed to acquire venture capital investor Industry Ventures in a deal valued at up to $965 million, enhancing its presence in the American entrepreneurial landscape. The transaction begins with an initial payment of $665 million in cash and equity, with the potential for an additional $300 million based on performance through 2030. Founded in 2000, Industry Ventures manages $7 billion in assets and has historically provided strong returns to investors. This acquisition is aimed at facilitating closer connections to potential clients for Goldman’s banking and wealth management services.
Source: YAHOO
Reported 19 days ago
Tencent's recent success with its shooting game 'Delta Force' has prompted a strategic shift towards investing more in shooting titles. With 30 million daily players, Tencent aims to adapt to changing gamer preferences in China from mobile to PC and shooting games. The company plans to strengthen its creative capabilities while breaking into international markets, fostering innovation, and addressing the challenges of standing out amid competitive landscapes.
Source: YAHOO