Reported 9 days ago
US refiners are hesitant to significantly invest in processing more domestic oil due to the substantial costs and lengthy process involved in modifying refineries for lighter grades of crude. Over 70% of US processing capacity is tailored for heavier crude, primarily from Canada and Mexico. As US oil output is expected to plateau by the end of the decade, refiners are prioritizing short-term market fluctuations and have already begun shutting down operations instead of undergoing costly reconfigurations.
Source: YAHOO
Reported 9 days ago
XRP, created by Ripple to enhance cross-border payments, has dropped over 40% from its 52-week high to below $2 amid concerns over tariffs and a negative market shift. While XRP experienced a significant surge in 2024 due to favorable regulatory prospects after Trump's election, its future looks uncertain as banks can utilize Ripple's payment network without necessarily relying on XRP. The ongoing regulatory scrutiny, particularly from the SEC, remains a critical factor influencing investor sentiment and XRP’s price trajectory. Analysts suggest a cautious approach to investing in XRP at this time.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
Careem Pay's VP Mohammad El Saadi discussed the growth of their remittance services in an interview with Horizons Middle East and Africa, highlighting how customers are taking advantage of market conditions.
Source: YAHOO
Reported 9 days ago
The Progressive Corporation (PGR) has been recognized as one of the best insurance stocks to invest in, as stated in a recent list by hedge funds. Despite facing challenges from wildfires and market uncertainties due to tariff policies, PGR performed well with its earnings exceeding expectations. Analysts predict further growth potential, with increased price targets and estimates for future earnings, positioning it as a solid option for insurance investments.
Source: YAHOO
Reported 9 days ago
In the current stock market sell-off, I seized the opportunity to invest in high-quality dividend stocks, specifically buying more shares of Johnson & Johnson, Starbucks, and Mid-America Apartment Communities. Despite their recent price drops, each company has a strong record of paying dividends and is well-positioned to continue growing them. Johnson & Johnson offers a safe dividend yield of 3.8%, Starbucks has a yield of 3.1% amid several challenges, while Mid-America boasts a yield of 4.1% with an optimistic outlook for rent growth. These investments are aimed at generating more passive income to move closer to retirement.
Source: YAHOO
Reported 9 days ago
FMC Corporation (FMC) is ranked among the worst small cap agriculture stocks to buy, facing significant challenges in revenue and market strategy. Despite achieving an above-expectation EPS of $1.79 for Q4 2024, the company’s Q4 sales fell short, and full-year revenue dropped by 5%. Increased inventory levels and pricing pressures, coupled with negative market trends, have driven a 41.4% decline in stock value over the past year. Looking ahead, FMC anticipates a difficult 2025, which is projected as a 'correction year' for the company.
Source: YAHOO
Reported 9 days ago
This article discusses four prominent stocks—Nvidia, Microsoft, Amazon, and Meta Platforms—that are well-positioned in the artificial intelligence sector and present strong buying opportunities for the next decade. Despite recent market fluctuations influenced by tariff changes, these companies are projected to thrive due to their established market dominance and ongoing innovations in AI technology.
Source: YAHOO
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
NCC has obtained a contract for upgrading and expanding Ryhov County Hospital in Jönköping, Sweden, valued at approximately Skr150m ($14.97m). The project, part of an existing framework agreement, includes refurbishing the cardiac care unit and adding new ward beds, with additional works on an operating theatre and a low-voltage distribution plant. The hospital renovations will cover about 2,600m², with completion expected by the end of 2027, and will be executed in stages to minimize disruptions to ongoing healthcare services.
Source: YAHOO
Reported 9 days ago
Viking Therapeutics, whose stock surged 116% last year, faces significant challenges this year with a 40% decline in value. Despite promising drug candidates like VK2735 and VK2809 showing potential in weight loss and liver disease treatment, uncertainties around drug approvals and competition in the GLP-1 market loom large. While there’s potential for substantial revenue growth, Viking's future status among top healthcare stocks will depend on developing a diverse pipeline of successful products.
Source: YAHOO
Reported 9 days ago
Shopify和Affirm宣布在加拿大推出Shop Pay分期付款服务，允许符合条件的商家为客户提供这一便捷的支付选择。这是该产品首次在美国以外推出，预计将在2025年夏季向所有加拿大及英国商家开放。该合作将进一步扩展到澳大利亚和西欧市场，赋予消费者分期付款的灵活性，帮助商家提高销售转化率。
Source: YAHOO
Reported 9 days ago
Amplify Life Insurance, in partnership with EMC Life, has launched Prosper IUL, an indexed universal life insurance product designed for digital consumers. The new offering features a streamlined digital onboarding system that allows for instant acceptance decisions for qualifying applicants, making it easier for customers to apply and activate their permanent life insurance policies. This collaboration aims to enhance accessibility to life insurance for the mass-affluent demographic and promises to improve industry standards and customer experience.
Source: YAHOO
Reported 9 days ago
Cash-back credit cards can provide rewards for your purchases, with options from major companies like American Express and Chase. There are three main types: flat rate, tiered, and rotating cards, each with its own rewards structure depending on your spending habits. To choose the best option, review your spending patterns and consider any exclusions from rewards categories. While these cards usually have low fees, they often come with high interest rates and require a good credit score for approval.
Source: YAHOO
Reported 9 days ago
Investors were shaken by a bond market selloff, with the 10-year Treasury yield rising sharply following President Trump's tariff announcements, before a temporary relief was granted by a 90-day pause on tariffs. This turmoil raised concerns over rising borrowing costs for consumers and further inflation, leaving analysts debating potential Federal Reserve actions as the markets brace for upcoming economic data.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
美国能源存储集成商Powin与供应链可追溯解决方案提供商Circulor合作，为电池能源存储系统引入电池护照，专注于从源头到锂铁磷酸电池的材料可追溯性。这一合作致力于负责任的采购标准，通过Circulor的追溯技术监控石墨、锂、铝、钢和铜等关键材料的来源及其碳排放，确保符合欧洲电池法规及美国的进出口限制。此外，Powin的欧洲市场电池包将包括数字电池护照，为客户提供更高的透明度和详细的生产信息。
Source: YAHOO
Reported 9 days ago
Mainetti, a UK-based packaging solutions company, has launched a new Design and Innovation Centre in Chester, aimed at advancing sustainable retail packaging solutions. The facility will serve as a global hub for Mainetti’s teams across Europe, the Middle East, Africa, and Asia-Pacific, featuring modern technologies like 3D printing and precision laser cutting. This initiative reflects Mainetti's commitment to meeting evolving customer needs and promoting circular packaging practices.
Source: YAHOO
Reported 9 days ago
Apple has transported 600 tons of iPhones from India to the United States as part of its strategy to sidestep high tariffs imposed by the Trump administration on imports from China. This airlift, consisting of around 1.5 million devices, involved expedited customs processes to bolster inventory in one of Apple's largest markets. The company aims to meet a production increase amidst rising tariff concerns, while diversifying its manufacturing operations beyond China.
Source: YAHOO
Reported 9 days ago
STMicroelectronics' supervisory board has rejected allegations of insider trading against its management, following accusations from Italy's economy minister regarding stock sales prior to a negative earnings report. The board stated that the sales were part of an automatic procedure by the company's stock plan administrator. The company is also facing a class action lawsuit in the U.S. for allegedly misleading investors amid declining performance in the industry.
Source: YAHOO
Reported 9 days ago
The European Union has decided to pause its retaliatory tariffs on U.S. goods for 90 days in response to President Trump's temporary suspension of new tariffs, aiming to create space for potential negotiations. European Commission President Ursula von der Leyen welcomed the pause while warning that countermeasures could be reinstated if negotiations do not progress satisfactorily. The EU had previously approved tariffs on $23 billion worth of U.S. goods in retaliation for Trump's steel and aluminum tariffs. The situation remains under assessment as the EU seeks a balanced trade relationship.
Source: YAHOO
Reported 9 days ago
HSBC has officially appointed Richard Blackburn as its group chief risk and compliance officer, a position he has held temporarily since January. With over 20 years at HSBC, Blackburn will also participate in the Group Operating Committee, the bank's top decision-making body.
Source: YAHOO
Reported 9 days ago
Source: BARRONS
Reported 9 days ago
As Trump's trade war escalates, Wall Street executives are concerned about potential backlash from Europe, which may limit U.S. banks' operations in favor of local lenders. Senior bankers fear that the European Union could leverage the Anti-Coercion Instrument to restrict access to their markets, impacting the market share of American financial institutions. Recent discussions among European leaders, including support from French President Macron to halt U.S. investments, highlight the growing sentiment against American banks. While U.S. banks still lead in investment fees, there is a notable shift towards local alternatives, prompting worry that the financial landscape could shift significantly in favor of European firms.
Source: YAHOO