Tag: Blogging

Brazil's annual inflation rose to 4.5% in early January despite a drop in energy costs, highlighting challenges for policymakers preparing to raise interest rates again.

Published on: January 24, 2025, 03:04 PM UTC

Novo Nordisk's stock rose due to positive results from its latest weight loss product, amycretin, which provided up to 22% weight loss in clinical trials.

Published on: January 24, 2025, 03:02 PM UTC

US stocks closed in the green on Thursday, with the S&P 500 (^GSPC) notching a fresh record close as investors digested remarks from President Donald Trump at the World Economic Forum in Davos.

Published on: January 23, 2025, 11:02 PM UTC

US Treasury yields have been trending up since late last year, straining regional banks' balance sheets due to increased commercial real estate distress risk. This has led to a decline in smaller bank shares and heightened default risk for borrowers who purchased office buildings before the pandemic. Despite a recent rally, the benchmark 10-year yield remains elevated, adding to the pain for lenders and potentially increasing losses on commercial real estate.

Published on: January 23, 2025, 11:01 PM UTC

Leidos (LDOS) stock fell 7.5% today due to concerns over new cost-cutting initiatives by the US government, which could impact defense contracts. CACI's earnings call highlighted the potential impact of the Department of Government Efficiency (DOGE), established by President Trump to streamline federal operations and reduce spending.

Published on: January 23, 2025, 07:04 PM UTC

U.S. crude and distillate stocks fall, gasoline climbs last week

Published on: January 23, 2025, 06:00 PM UTC

Salesforce CEO Marc Benioff takes aim at Microsoft's AI business tools, while highlighting the success of Salesforce's AI bots. Despite skepticism from some analysts, Salesforce's stock has surged on the strength of its AI initiatives.

Published on: January 23, 2025, 03:03 PM UTC

Retail CEOs have diversified supply chains and are negotiating with suppliers to mitigate the impact of Trump's proposed tariffs. Read how they plan to handle potential price increases and maintain customer value.

Published on: January 22, 2025, 08:00 PM UTC

Bolivia is ramping up efforts to exploit its lithium reserves, finalizing new deals with investors to build processing plants despite low prices and opposition. The Andean nation recently opened its first industrial-scale lithium plant and has signed agreements with global companies, aiming to produce significant amounts of lithium carbonate annually. However, critics have raised concerns about transparency and royalties, calling for renegotiation or rejection of the contracts.

Published on: January 21, 2025, 07:02 PM UTC

Tesla stock plunged over 3% after Trump reversed Biden's pro-EV policies, eliminating electric vehicle tax credits and subsidies. Rivian and Lucid also saw declines, while GM and Ford gained. Despite the setback, Tesla CEO Elon Musk predicts long-term benefits for his company.

Published on: January 21, 2025, 05:02 PM UTC