Posts with tag: narrative
Mercedes-Benz expects its carmaking margin to drop to as low as 6% this year due to competition and uneven demand. The company plans to reduce production costs by 10% and work with suppliers to lower material expenses. Despite shifting upmarket, weak demand for top-end models in China has weighed on the strategy.
Published on: February 20, 2025, 12:04 PM UTC
Norinchukin Bank CEO to Resign Following Loss on Foreign Bonds
Published on: February 19, 2025, 03:01 AM UTC
French President Emmanuel Macron announces €109 billion in AI investment pledges at the Paris AI summit, including commitments from Amazon, Apollo, and Digital Realty.
Published on: February 10, 2025, 07:01 PM UTC
US President Donald Trump orders Treasury Secretary Scott Bessent to cease production of the penny, citing its high manufacturing cost exceeding its face value.
Published on: February 10, 2025, 04:01 AM UTC
U.S. Trade Representative Nominee Faces Republican Questions on Trump Tariffs
Published on: February 06, 2025, 11:03 PM UTC
Nissan CEO Makoto Uchida wants to terminate merger talks with Honda, the Asahi newspaper reports.
Published on: February 06, 2025, 03:00 AM UTC
Hedge funds are pulling out of US stocks due to fears over Trump's tariffs. Goldman Sachs reports that hedge funds increased short sales of US stocks, as well as long sales. As a result, futures on the S&P 500 have dropped 1.7%
Published on: February 03, 2025, 02:05 PM UTC
US President Donald Trump's planned tariffs on Canadian and Mexican goods raise uncertainty for global stock markets. Sectors and stocks most at risk include automakers, industrials, and Asian chip giants. Europe may also face tariffs, impacting industries such as autos and mining. Investors are advised to be selective and consider companies with low exposure to trade disputes.
Published on: January 31, 2025, 07:00 PM UTC
Meta Platforms (META) was down 1.55% on Monday due to concerns about DeepSeek AI's impact on tech infrastructure spending, but CEO Mark Zuckerberg downplayed the threat, saying industry changes are common and DeepSeek's advances will ultimately benefit Meta.
Published on: January 31, 2025, 12:03 PM UTC
Interest rates remain unchanged as markets await Federal Reserve's press conference for updates on future rate cuts and the central bank's stance on recent AI spending and potential tariffs.
Published on: January 29, 2025, 08:05 PM UTC