Reported 2 months ago
Tesla's stock fell significantly following a public dispute between CEO Elon Musk and President Trump. Trump expressed disappointment in Musk's harsh criticism of a new tax bill that would affect electric vehicle mandates, stating Musk's awareness of the bill's details. Musk, previously an ally of Trump, reacted on social media with indifference as Tesla shares slid nearly 8%. The fallout has raised concerns over the implications for Tesla's business amidst a more strained relationship with the previous administration.
Source: YAHOO
Reported 2 months ago
The EU could potentially approve its trade agreement with the South American Mercosur bloc before summer, as stated by EU agriculture commissioner nominee Christophe Hansen. The deal, finalized in December, still requires approval from EU nations, amidst concerns from countries like France about its impact on local farmers. French President Macron and Brazilian President Lula discussed potential amendments to the pact, including emergency import restrictions.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
特朗普與中國國家主席習近平於週四進行了長時間的通話，重新啟動了此前停滯的貿易談判。特朗普表示，雙方將在待定地點進行會談，重點將放在關鍵的稀土礦物問題上，這一議題對雙方的貿易暫停協議產生了重大影響。中方同樣確認了通話並強調了對話與合作的重要性，呼籲美方解除對中國的不利措施。
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Interactive Brokers Chairman Thomas Peterffy stated that 24-hour trading is becoming increasingly accepted in financial markets, likening it to a 'genie' that is hard to revert. Highlighting a surge in retail interest in the U.S. equity market, Peterffy noted that overnight trading at Interactive Brokers constituted about 2.2% of volume in May, which he anticipates will grow to 25% to 30% over the next 20 years. This trend is particularly relevant for investors in the Middle and Near East. Major exchanges are also extending their trading hours to accommodate this shift, although concerns about regulatory frameworks remain.
Source: YAHOO
Reported 2 months ago
Federal Reserve governor Adriana Kugler cautioned about potential higher inflation due to tariffs and supported keeping interest rates unchanged for now. She highlighted risks associated with rising tariffs, which could lead to increased prices and long-term inflation effects, while the Fed maintains its current monetary policy ahead of its upcoming meeting in June. Kansas City Fed president Jeff Schmid echoed concerns about inflationary pressures from tariffs and emphasized the need for vigilance.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Tesla shares fell over 8% as tensions between CEO Elon Musk and former President Donald Trump escalated, alarming investors. Musk criticized Trump's tax bill, claiming it undermines electric vehicle sales, while Trump suggested Musk's outbursts stem from losing tax benefits. This fallout could jeopardize Musk's business ventures, adding to Tesla's challenges as sales decline in major markets.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
This week, the average rate on a 30-year mortgage in the U.S. fell to 6.85%, marking its first decline in a month, according to Freddie Mac. Despite this drop from last week's 6.89%, borrowing costs for homebuyers remain high, contributing to a sluggish housing market that began in 2022. The 15-year fixed-rate mortgage also saw a decrease, now at 5.99%. Analysts predict mortgage rates will stay volatile, hovering between 6% and 7% for the year.
Source: YAHOO
Reported 2 months ago
Implenia has been awarded a contract worth over €200 million ($227.9 million) by Deutsche Bahn's DB InfraGO to construct a vital underground section of the Nordmainische S-Bahn in central Frankfurt. This project includes the development of a new underground line, several construction pits, and two 1.2km tunnel tubes, with construction slated to begin in early 2026 and conclude by 2031. The Nordmainische S-Bahn aims to improve transport connectivity in the densely populated Rhine-Main region and enhance the overall public transport infrastructure.
Source: YAHOO
Reported 2 months ago
Federal Reserve Governor Adriana Kugler expressed support for maintaining the current short-term U.S. borrowing rates, citing potential inflation risks linked to tariffs. In her remarks before the Economic Club of New York, she noted that disinflation is slowing and tariffs are expected to continue impacting inflation into 2025. Kugler emphasized that while there are uncertainties regarding employment and economic growth, the Fed should keep the policy rate in its existing range of 4.25%-4.50% as inflation remains a significant concern.
Source: YAHOO
Reported 2 months ago
Former president Donald Trump has voiced his disappointment with Elon Musk, who has recently withdrawn his support from the GOP tax bill, despite having previously been a backer and advisor.
Source: YAHOO
Reported 2 months ago
Traders are growing optimistic that the European Central Bank (ECB) will halt its series of interest rate cuts, viewing its current position as strong enough to navigate global economic uncertainty stemming from U.S. tariff policies. Following a recent rate reduction to 2%, ECB President Christine Lagarde indicated that the monetary policy cycle is nearing its end, which has caused the euro to rise and investors to shift their expectations regarding future rate cuts. Analysts suggest that unless significant external shocks occur, the ECB is likely done with aggressive easing measures.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Stocks rebounded after President Trump and Chinese President Xi Jinping discussed trade disputes for over 90 minutes, leading to optimism about a future high-level trade meeting. The S&P 500, Nasdaq, and Dow Jones posted gains, despite ongoing concerns over China's rare earth mineral export licenses. Despite initial losses, trading futures indicated a modestly higher opening, while the U.S. trade deficit showed an unexpected decline, signaling some positive economic movement amidst signs of a cooling job market.
Source: YAHOO
Reported 2 months ago
Blackstone is among the shortlisted bidders for a century-old office block in Paris priced at €700 million ($800 million), marking a significant post-pandemic office sale. The CityQuartier Trocadéro, located near the Arc de Triomphe, is being sold by Germany's Union Investment. Other interested parties include Hines, while Commerz Real's bid was not successful. Despite pandemic-related setbacks, investor interest in prime office properties is resuming, although bids have come in lower than expected at around €650 million.
Source: YAHOO
Reported 2 months ago
Emerging-market assets saw significant gains on Thursday, spurred by disappointing US jobs data that bolstered expectations for a more accommodative Federal Reserve, resulting in a decline of the dollar. The MSCI’s EM stock index rose by 0.9%, with developing-nation currencies increasing, led by the Brazilian real. The market excitement followed discussions between US President Trump and Chinese President Xi regarding trade, with investors eyeing upcoming tariff negotiations. Additionally, South Korea's won strengthened post-election, while Israel's market reacted positively to potential government changes.
Source: YAHOO
Reported 2 months ago
Mortgage rates have decreased slightly for the first time in a month, with the average 30-year rate at 6.85%, down from 6.89%, while the 15-year rate is now at 5.99%. Despite this dip, rates remain high and have contributed to a decline in mortgage application activity, which fell by 4% compared to the previous week. The recent decrease in Treasury yields, driven by weak economic data, has influenced this change and reignited discussions regarding a potential Federal Reserve rate cut.
Source: YAHOO
Reported 2 months ago
Research suggests that nearly 30% of potential homebuyers would be more inclined to buy during a recession, believing it could lead to lowered interest rates and increased housing affordability. Key benefits include favorable market conditions for buyers, the opportunity for better negotiations with sellers, potential for significant equity growth, and viewing real estate as a safer investment compared to the stock market. Additionally, purchasing a home can create extra income streams, making it a strategic decision even in challenging economic times.
Source: YAHOO