Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
A U.S. lawmaker plans to introduce a bill aimed at tracking the whereabouts of Nvidia's artificial intelligence chips to curb their smuggling into China, which breaches export control laws. The proposed legislation has bipartisan support and seeks to implement regulations that prevent unauthorized use and verify chip locations, addressing significant security concerns about their potential military applications.
Source: YAHOO
Reported 4 months ago
Dividend stocks, often viewed as dull, are essential for long-term wealth building, according to financier Kenny Polcari. Unlike the trendy tech stocks, dividend-paying companies provide a steady stream of income and boast strong fundamentals that ensure investor returns regardless of market conditions. By reinvesting dividends from these reliable firms, investors can harness compounding growth, making them a powerful, albeit less flashy, investment choice.
Source: YAHOO
Reported 4 months ago
The article discusses the historical performance of the investment strategy 'sell in May and go away', which suggests that investors should exit the market in May and return in September. It highlights how this strategy was effective in the past but has become less profitable since the late 1980s. Current trends indicate that staying invested during the summer may yield better results, with specific caution advised for the months of August and September.
Source: YAHOO
Reported 4 months ago
As economic challenges mount, many Americans are abandoning budget airlines, opting not to fly at all rather than deal with hidden fees and poor service. In a shift towards a more upscale offering, low-cost carriers like Spirit and Frontier are struggling while full-service airlines expand their affordable options to capture the budget-conscious traveler. The era of cheap flights looks increasingly uncertain as competition intensifies and operational costs rise.
Source: YAHOO
Reported 4 months ago
As the Federal Reserve prepares for its upcoming meeting, it grapples with the challenge of balancing persistent inflation against a slowing economy, exacerbated by President Trump's looming tariffs. Trump is pushing for lower interest rates to avert economic downturns potentially caused by his policies, while Fed Chair Jerome Powell remains cautious, advocating for a careful evaluation of economic data. The outcome of this 'tug-of-war' could significantly affect interest rates in the coming months.
Source: YAHOO
Reported 4 months ago
Anduril Industries has announced its acquisition of Irish communications firm Klas to enhance its AI-driven defense systems. The deal, pending regulatory approval, aims to integrate Klas’s technology, which facilitates soldier communication in challenging environments, into Anduril's Lattice platform, boosting autonomous warfare capabilities. This acquisition marks Anduril's ninth since its inception in 2017, reflecting its rapid growth in the defense sector.
Source: YAHOO
Reported 4 months ago
Vietnam's Prime Minister Pham Minh Chinh announced the country will maintain its goal of achieving at least 8% economic growth this year, despite facing significant challenges from U.S. tariffs of up to 46%. Ahead of trade talks with the U.S., he emphasized the urgency in negotiations and the potential for economic restructuring due to the trade war. Vietnam plans to enhance exports to 17 markets under free trade agreements and increase public investment in infrastructure while ensuring stability against power shortages.
Source: YAHOO
Reported 4 months ago
U.S. President Donald Trump's tariffs are causing significant disruptions in the global economy, leading to downgraded growth forecasts and revised business plans from companies across various sectors. Many multinationals and smaller businesses are cutting sales targets and laying off employees due to the uncertainty and financial strain brought about by trade tensions. While some economists foresee opportunities for countries like India to benefit from shifting supply chains, the overall consensus is that these tariffs represent a serious 'demand shock' for the world economy, complicating trade relations and prompting financial market caution.
Source: YAHOO
Reported 4 months ago
Malaysian Prime Minister Anwar Ibrahim announced the potential for reduced U.S. tariffs as talks between the two nations continue, despite concerns that economic growth may fall short of the 4.5% to 5.5% target due to ongoing global trade tensions. He noted that while current tariff impacts are manageable, Malaysia aims to negotiate around non-tariff barriers and explore new trade opportunities, particularly with China and the EU. This comes as the nation chairs ASEAN and prepares for upcoming trade minister meetings.
Source: YAHOO
Reported 4 months ago
The US dollar weakened, causing Asian currencies to appreciate, most notably a significant surge in the Taiwanese dollar, driven by factors such as trade uncertainty and OPEC+ production increases. Meanwhile, US stock futures dropped amid fears of market instability due to ongoing trade negotiations and potential tariff changes. Investors are closely monitoring central bank responses to currency fluctuations.
Source: YAHOO
Reported 4 months ago
Chinese companies have restarted buying liquefied natural gas from the spot market following a significant drop in prices, marking a shift from their previous reduced import activity. Last week, at least two shipments were acquired at $10 per million British thermal units. This increase may help stabilize declining gas prices in Asia and Europe amid economic concerns related to the global trade war.
Source: YAHOO
Reported 4 months ago
Shares of Qantas Airways rose over 5% to a one-month high following a decline in oil prices due to OPEC+'s decision to increase output. This drop in oil prices, which fell over $2 a barrel, raises expectations of improved profitability for Qantas as fuel costs, a major expense for airlines, decrease. The company previously faced rising fuel costs in fiscal 2024, spending A$5.32 billion, but the recent changes are seen as positive amidst heightened competition from Virgin Australia.
Source: YAHOO
Reported 4 months ago
The Taiwan dollar surged to a near three-year high amid speculation of foreign exchange revaluations to gain trade concessions from the U.S., coinciding with Warren Buffett's retirement announcement from Berkshire Hathaway. This significant rise in the Taiwan dollar marks over a 6% increase over two days, the largest recorded, while other global markets were subdued due to holidays. President Trump maintained his stance on tariffs and called for lower interest rates without intending to remove Federal Reserve Chair Jerome Powell, as central bank decisions loom.
Source: YAHOO
Reported 4 months ago
The Associated Press discusses how the stock market recovered all its losses following President Trump's escalation of the trade war, emphasizing key stock picks and a broker-level newsfeed that influences Wall Street.
Source: YAHOO