Author: Daniel snow
Dollar edges higher, but gains remain uncertain Source link
Fidelity Investments’ Jurrien Timmer calls this a “damned-if-you-do-market,” that’s setting up for a rangebound 2025. Source link
The AI industrial trade has regained its momentum following months of market volatility and fears of a slowdown in artificial intelligence spending. Our newest Club holding is outflanking its peers in the run higher. GE Vernova shares closed at an all-time high Tuesday for the sixth session in a row, a streak that has put the stock solidly above where it was in January before the AI trade was upended by Chinese startup DeepSeek. However, the same cannot be said for other data center-linked plays in Eaton , a fellow Club name, and Vertiv . Both stocks have rallies sharply…
As Stellantis names insider Antonio Filosa to take over as chief executive, it turns out Wall Street is expecting more from the Jeep maker’s stock price than any of its major rivals. Source link
The Starling Bank app displayed on a person’s phone.Adrian Dennis | AFP via Getty ImagesLONDON — British online lender Starling Bank on Wednesday reported a sharp drop in annual profit, citing an issue with Covid-era business loan fraud and a regulatory fine over financial crime failings.Starling, which offers fee-free current accounts and lending services via a mobile app, posted profit before tax for the year ending March 31, 2025 of £223.4 million ($301.9 million), down nearly 26% year-over-year.Revenue at the bank totalled £714 million, up about 5% from £682 million a year ago. However, that marked a slowdown from the…
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China.Bloomberg | Bloomberg | Getty ImagesBEIJING — As China tightens its grip on the global supply of key minerals, the West is working to reduce its dependence on Chinese rare earth.This includes finding alternative sources of rare earth minerals, developing technologies to reduce reliance, and recovering existing stockpiles through recycling products that are reaching the end of their shelf life.”You cannot build a modern car without rare earths,” said consulting firm AlixPartners, noting how…
South_agency | E+ | Getty ImagesSpending from foreign visitors to the U.S. is poised to fall by $8.5 billion this year as negative perceptions tied to trade and immigration policy lead overseas tourists to look elsewhere, according to a research note published by Oxford Economics.The spending decline, which works out to a drop of about 5% relative to last year, is a result of less foot traffic. International arrivals to the U.S. are expected to fall about 9% this year, Aran Ryan, director of industry studies at Tourism Economics, part of Oxford Economics, wrote in a research note last week.Businesses…
The AI giant is expected to report $43 billion in revenue, a 66 percent jump from a year ago. Source link
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesMore than $130 billion of value has been wiped off of ASML in under a year amid restrictions on exports to China and U.S. tariff uncertainty Shares of ASML, which is seen as a critical cog in the semiconductor supply chain, hit a record high of over 1,000 euros a piece in July last year for a market capitalization of $429.5 billion, according to data from S&P Capital IQ. That fell to just under $297 billion at the Tuesday…
Cities build stadiums in part because it’s so hard to build almost anything else. Source link