The Trump administration is unsettling the multilateral economic system, harming the U.S. economy in the process and to a lesser extent Europe as well, the head of France's central bank said on Wednesday. "Through his decisions and reversals, Mr. Trump destabilizes the multilateral system," Francois Villeroy de Galhau told lawmakers on the finance commission of the lower house of the French parliament. The U.S. Federal Reserve's recent downgrade of its forecast was evidence that the Trump administration's policies were already harming the U.S. economy, he added.
Copper Futures Hit Record High on Report of US Tariffs Within Weeks
Copper futures traded in New York surged to a record high on a report that U.S. tariffs on imports of the metal are set to be coming within several weeks, months earlier than the deadline for a decision.
US oil producer Chevron interested in gas exploration in another two blocks off Crete, says Greece
ATHENS -Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday. Greece has accepted Chevron's interest for two blocks south of Crete and will soon decide on the coordinates and on launching an international tender for the areas, which border two licensed blocks where an ExxonMobil-led consortium has been evaluating seismic data, the energy ministry said. Chevron's new interest doubles the size of offshore blocks that will be made available for energy exploration to an area stretching 47,000 square kilometres, increasing the possibility of finding "commercially exploitable" reserves in Greek waters.
Months after calling Wizz Air’s unlimited flights deal a ‘marketing scam,’ Michael O’Leary’s Ryanair launches its own subscription service
Michael O'Leary mocked Wizz Air's "All You Can Fly" deal as a marketing stunt. Now he's letting Ryanair passengers spend £79 on a "Prime" deal.
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters. U.S. President Donald Trump's threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. Wall Street banks including JPMorgan and Bank of America have already begun annual culls targeting underperforming employees, while Goldman Sachs and Morgan Stanley are planning to lay off staff in the coming weeks.
US Stock Market Liquidity Drying Up as Trade War Concerns Mount
(Bloomberg) -- Worries over the economic effects of the global trade war are sapping liquidity in US stocks, creating a headache for institutional investors that could also boost volatility in broader markets. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-FreeLi
3 Reasons to Sell RL and 1 Stock to Buy Instead
Since March 2020, the S&P 500 has delivered a total return of 120%. But one standout stock has nearly doubled the market - over the past five years, Ralph Lauren has surged 211% to $231.35 per share. Its momentum hasn’t stopped as it’s also gained 17.1% in the last six months thanks to its solid quarterly results, beating the S&P by 16.6%.
3 Reasons to Sell AVT and 1 Stock to Buy Instead
Over the last six months, Avnet’s shares have sunk to $49.04, producing a disappointing 9.8% loss while the S&P 500 was flat. This may have investors wondering how to approach the situation.
3 Reasons to Avoid LNN and 1 Stock to Buy Instead
Over the past six months, Lindsay has been a great trade. While the S&P 500 was flat, the stock price has climbed by 6% to $130.19 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
3 Reasons to Sell HAS and 1 Stock to Buy Instead
Over the past six months, Hasbro’s stock price fell to $60.89. Shareholders have lost 15.4% of their capital, disappointing when considering the S&P 500 was flat. This may have investors wondering how to approach the situation.