Tag: science

Alphabet and Meta, tech giants, report earnings this week amidst AI advancements from DeepSeek and regulatory concerns. Google parent, Alphabet, is expected to update on AI revenue and digital ad market performance, while Meta has already reported strong results. Cloud growth and regulatory risks for both companies will be in focus for investors.

Published on: February 03, 2025, 10:02 PM UTC

Tariffs on Mexico, Canada and China could mean higher prices for avocados, tomatoes and beer in the US, as well as an average tax increase of more than $800 this year on US households. Constellation Brands (STZ), which owns Corona and Modelo, is at a disadvantage compared to its peers due to its production in Mexico.

Published on: February 03, 2025, 07:02 PM UTC

Salvatore Ferragamo CEO Marco Gobbetti to step down after three years. The company has begun searching for a replacement and Chairman Leonardo Ferragamo will assume executive powers until one is found.

Published on: February 03, 2025, 06:00 PM UTC

Trump's new tariffs on Canada, Mexico and China are expected to impact the markets, with economists predicting a recession in Mexico and a slowdown in US growth. Some analysts see opportunities in the chaos, while others warn of the risks to companies with exposure to the impacted countries. The full impact of the tariffs is still uncertain, and markets are reacting accordingly.

Published on: February 03, 2025, 05:03 PM UTC

President Trump supports Federal Reserve's decision to hold interest rates steady; economists predict tariffs could affect inflation and rate plans.

Published on: February 03, 2025, 05:02 PM UTC

Canada's energy sector may have dodged a trade war bullet, with the US imposing a lower 10% tariff on crude and potentially exempting some shipments altogether. While the tariffs could disrupt the integrated North American energy market, Canada has partial shields in place, including the expanded Trans Mountain pipeline.

Published on: February 03, 2025, 03:05 PM UTC

Ecopetrol and Occidental Petroleum renew their oil joint venture in the US Permian basin in Texas. Read about the investment plan, development wells, and production targets.

Published on: February 03, 2025, 02:06 PM UTC

The dollar surged and stocks tumbled as the beginning of US tariffs ushered in a trade war threatening economic growth around the world. Most Read from Bloomberg: New York’s First ‘Passive House’ School Is a Model of Downtown Density; When French Communists Went on a Brutalist Building Boom; Trump Paves the Way to Deputize Local Police on Immigration; How the 2025 Catholic Jubilee Is Reshaping Rome; Historic London Elevator Faces Last Stop in Labour’s Housing Push

Published on: February 03, 2025, 02:04 PM UTC

Markets plunged after investors realized President Trump was serious about imposing hefty tariffs on Canada, Mexico and China. Nasdaq 100 futures dove more than 1.7%, S&P 500 futures spiraled roughly 1.5%, and Dow Jones Industrial Average futures tumbled about 1.3%.

Published on: February 03, 2025, 02:01 PM UTC

The dollar surged and stocks fell as US tariffs sparked a global trade war, threatening economic growth. The Bloomberg Dollar Index jumped 0.9%, while S&P 500 futures slid 1.4%. European carmaker shares and crypto assets also tumbled amid concerns over inflation and supply disruptions. The impact on emerging markets was severe, with the Mexican peso weakening by more than 2%. In energy markets, tariffs threatened to disrupt North America's oil trade, pushing up gasoline prices.

Published on: February 03, 2025, 12:05 PM UTC