Reported 9 days ago
Source: BARRONS
Reported 9 days ago
In response to escalating U.S.-China tariffs, global markets have experienced significant fluctuations, with the S&P 500 bouncing back nearly 10% after a temporary tariff pause from President Trump. Despite this relief, uncertainty continues to loom as both nations ramp up trade hostilities, leaving investors cautious and prompting some to seek safer assets like German bunds, further complicating global investment dynamics.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
The IRS has announced April 15 as the deadline for taxpayers to file their 2021 tax returns to claim potential refunds, including up to $1,400 in unclaimed COVID-19 stimulus payments. Many eligible individuals have missed out on these payments due to filing errors or lack of awareness, with an estimated $2.4 billion remaining unclaimed. Taxpayers are encouraged to file their returns, even if they had little or no income in 2021, to secure their entitled benefits.
Source: YAHOO
Reported 9 days ago
Source: INVESTORS
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
The recent surge in the S&P 500 and cryptocurrency markets following President Trump's tariff pause has sparked discussions about whether we are witnessing a new bull market or merely a bear market rally. Analysts from Goldman Sachs caution against overoptimism, noting that significant rebounds can happen even in bear markets. Historical data shows 19 bear market rallies since the 1980s, averaging 44 days and 10-15% returns. Key indicators for a sustainable bull market are still lacking, and uncertainties remain, including potential escalation in trade tensions.
Source: YAHOO
Reported 9 days ago
In the wake of significant stock market declines totaling $11 trillion, conservative commentator Ben Shapiro has condemned President Trump's tariffs as a concealed tax increase impacting American consumers and businesses. He argues that these tariffs, which have been temporarily paused, represent one of the largest tax hikes in U.S. history. Despite Shapiro's critique, Trump remains committed to escalating trade tensions, raising concerns about the economic outlook and consumer spending.
Source: YAHOO
Reported 9 days ago
Asian and European stock indexes experienced significant gains following President Donald Trump's announcement to pause reciprocal tariffs for 90 days for all trading partners, excluding China. Despite the initial boost in stock markets, U.S. stock futures are down as investors react to the previous day's surges. The 10-year Treasury yield is also falling after reaching its highest levels since mid-February. Economists suggest that while the pause is a relief, existing tariffs on U.S. imports from China and other markets could still impact the economy.
Source: YAHOO
Reported 9 days ago
U.S. President Donald Trump's announcement to pause imposed tariffs followed a turmoil in the $29 trillion Treasury market, characterized by a notable selloff that caused a significant rise in 10-year borrowing costs. While yields initially surged toward their highest levels in over a decade, they settled lower after the pause. Market stresses reflected a potential crisis similar to past financial disruptions, underlining the crucial role of the Treasury market in global financial stability.
Source: YAHOO
Reported 9 days ago
The Reserve Bank of Australia's Governor Michele Bullock stated that it's too early to determine the future direction of interest rates due to the impact of U.S. trade policies on global markets. In her address in Melbourne, she highlighted the need for patience as the country navigates volatility while ensuring the financial system is prepared for potential shocks. The RBA is maintaining a steady interest rate of 4.1% while monitoring inflation and employment data.
Source: YAHOO
Reported 9 days ago
Following President Trump's announcement of new tariffs, Wall Street experienced significant market turmoil, prompting Citigroup's top banking official to convene senior bankers for a global meeting aimed at encouraging direct communication with clients. The sudden changes in trade policy led to widespread uncertainty among businesses, prompting many banks to strategize on managing client relations while privately worrying about the impact on their own bonuses. Investment banks reported a wave of client inquiries regarding the implications of the tariffs, with many deals being delayed or canceled as the market responded to the unpredictability of Trump's policies.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
In a significant move, President Trump announced a 90-day halt on tariffs, alleviating some concerns in the stock market amid heightened recession fears and a struggling bond market. This decision brought a temporary boost to businesses facing import taxes but left uncertainties about the long-term impact of ongoing tariffs and strained US-China trade relations, while experts continue to express concerns over the economic outlook.
Source: YAHOO
Reported 9 days ago
As retirees worry about depleting their savings, particularly those in their late 50s and early 60s, it's crucial to adopt smart withdrawal strategies. Establishing a safe withdrawal rate, like adhering to the revised 3.7% rule instead of the traditional 4%, is essential for longevity of funds. Additionally, considering personal risk tolerance and keeping liquid cash reserves can help navigate market fluctuations. Consulting a financial advisor can also provide personalized strategies to ensure that your retirement savings last.
Source: YAHOO
Reported 9 days ago
Global credit default spreads narrowed on Thursday as investors reacted positively to U.S. President Trump's unexpected 90-day pause on certain tariffs, boosting confidence in European and Asian debt markets. This relief rally led to a decline in the cost of insuring against defaults, with notable decreases in European indices, although concerns persist regarding the trade war with China. Experts advise caution in managing fixed-income investments as volatility is expected in the coming months.
Source: YAHOO
Reported 9 days ago
Barry Callebaut is set to expand its production in the U.S. to better navigate the 'disruptive environment' in North America and enhance customer service, according to CEO Peter Feld. The Swiss chocolate maker plans to scale up its U.S. facility to 100,000 tons and is also increasing investments in its Canadian plant as it faces challenges from fluctuating tariffs and ongoing market volatility.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Source: WSJ
Reported 9 days ago
BMW's first-quarter sales fell by 17.2% in China, affected by intense competition from local brands and a property crisis impacting consumer confidence. Other premium carmakers, including Porsche and Mercedes-Benz, also experienced a downturn in China. Despite a global rise in battery-electric car sales, Tesla's market share has decreased amid controversies surrounding its CEO and an aging vehicle lineup.
Source: YAHOO
Reported 9 days ago
The BW Singapore floating regasification unit, located off the coast of Italy, is scheduled to start operations in early May, boosting Italy's gas capacity significantly. With an annual regasification capacity of 5 billion cubic metres, it will help cover 45% of Italy's domestic gas demand and provide diverse supply routes amid geopolitical tensions. This development follows the arrival of the first US LNG cargo and marks an important step in enhancing Italy's energy security.
Source: YAHOO
Reported 9 days ago
DIAMO, a revenue management platform tailored for independent hotels, has successfully raised $4 million in seed funding to enhance its product development and global reach. The investment was spearheaded by Thayer Ventures, with contributions from Inovia Capital and other angel investors. DIAMO aims to empower smaller hotels by offering them sophisticated revenue management tools traditionally available only to larger chains, enabling them to optimize their revenue and enhance guest experiences. The platform anticipates the introduction of an AI assistant named 'ANDI' to further assist hoteliers with real-time data-driven revenue strategies and digital marketing.
Source: YAHOO
Reported 9 days ago
In a surprising turn, China has participated in the global tariff relief rally, as discussed by analysts Anna Edwards, Guy Johnson, Kriti Gupta, and Paul Dobson on Bloomberg's 'The Opening Trade'.
Source: YAHOO