Goldman Sachs strategists have raised concerns about the potential toll of tariffs on American companies as the US election campaign gains momentum. They have pointed out that tariffs could have a significant impact on companies with high international revenue exposure. This is due to the risk of retaliatory tariffs and heightened geopolitical tensions that may
Wall Street
Extreme heat in the United States has forced companies in the construction industry to reevaluate their work processes. Construction projects are experiencing delays as workers are taking more breaks to avoid overheating. According to Art Hogan, the chief market strategist at B. Riley Wealth, what usually takes two days to complete can now take three
Boeing’s Starliner spacecraft, scheduled to return to Earth from the International Space Station with its first crew of astronauts, has faced yet another setback. NASA announced on Friday that the return has been postponed indefinitely, as more testing and technical issues have surfaced. This delay has raised questions about when the mission’s two astronauts, Butch
The stock market experienced a slight decline on Friday, with both the S&P 500 and Nasdaq closing marginally lower. The main culprit behind this downturn was the decline in Nvidia shares for a second consecutive day. As a result, the technology sector, which Nvidia heavily influences, was the biggest loser among the 11 major S&P
The recent report from Bernstein provides a detailed evaluation of the Indian stock market, shedding light on the increased interest of investors in Indian stocks. However, the surge in stock prices seems to be driven more by greed than rational decision-making. The report specifically focuses on assessing the growth potential of approximately 90 stocks across
The newly appointed CEO of Brazilian oil giant Petrobras, Madga Chambriard, emphasized the importance of working towards boosting the nation’s economy while maintaining profitability at the oil firm. This aligns with the priorities set by President Luiz Inacio Lula da Silva, highlighting the need for a strategic vision that benefits both the country and the
The European stock markets experienced a slight downturn despite the U.K. inflation falling back to the Bank of England’s target. The lackluster performance was observed while trading activity was subdued due to a U.S. holiday. This article will delve into the various economic factors influencing European stock markets and the implications of these trends. Upon
European stock markets have seen a positive trend this week, with the DAX index in Germany, the CAC 40 in France, and the FTSE 100 in the U.K. all trading higher. This rebound comes after a period of uncertainty due to the gains made by right-wing parties in the European Parliament elections. French President Emmanuel
Global supply chains for rare earths are undergoing a significant realignment in an effort to diversify away from China, the top producer of rare earth materials. This shift is aimed at reducing the West’s dependence on Chinese imports for rare earth compounds, metals, and magnets essential for various industries such as electric vehicles, wind turbines,
As Toyota Motor Chairman Akio Toyoda faces the upcoming annual general meeting, there are concerns over his re-election due to scandals involving violations of certification tests at Toyota and its group companies. Proxy advisory firms ISS and Glass Lewis have recommended against Toyoda’s re-election, highlighting governance and independence issues within the board. Despite this, Toyoda’s