Posts with tag: technology
P&G May Raise Prices if Tariffs Hike Import Costs - Procter & Gamble may raise prices on household basics like Tide detergent if new tariffs increase import costs.
Published on: January 22, 2025, 07:00 PM UTC
Procter & Gamble reports organic sales jump of 3% due to increased volume, signaling a shift from price-driven growth. The company innovates in value items and higher-end products, with double-digit gains in paper products and strong performance in grooming and oral care.
Published on: January 22, 2025, 06:04 PM UTC
Nvidia's stock jumps 4% after Trump announces $500 billion AI infrastructure project involving SoftBank, OpenAI, Oracle, and Microsoft.
Published on: January 22, 2025, 06:02 PM UTC
US tariffs threaten to increase borrowing costs for Canadian provinces by damaging economic growth and tax revenues, making it more expensive for them to raise funds.
Published on: January 22, 2025, 06:00 PM UTC
Trump's focus on tariffs against Canada stems from his concerns over drug trafficking, illegal immigration, and the upcoming USMCA renewal. Despite data showing limited Canadian involvement in drug issues and border crossings, Trump's rhetoric highlights the political element in his Canada-US standoff.
Published on: January 22, 2025, 06:00 PM UTC
U.S. crude oil stockpiles projected to fall, while gasoline and distillate inventories expected to rise - Reuters poll
Published on: January 22, 2025, 06:00 PM UTC
After years of lackluster returns, clients of Seth Klarman's Baupost Group have withdrawn $7 billion, leading the firm to cut 20% of its investing team and refocus on its core distressed debt and special situation strategies.
Published on: January 22, 2025, 04:04 PM UTC
Fourth quarter earnings season starts strong, but investors focus on Trump's policies. Despite strong earnings growth, market action is driven by policy uncertainty, with stocks rallying on signs of weaker dollar and tech stocks boosted by infrastructure investment reports.
Published on: January 22, 2025, 04:03 PM UTC
US stocks rose on Wednesday, led by the Nasdaq, as Netflix shares surged to a record high and President Trump's plans to boost AI investment offset concerns about trade tensions with China. The Nasdaq Composite gained 1.17%, the S&P 500 added 0.61%, and the Dow Jones Industrial Average advanced 0.3%.
Published on: January 22, 2025, 04:03 PM UTC
Nvidia stock jumps over 4% on Trump's massive AI infrastructure project announcement. The project, backed by SoftBank, OpenAI, Oracle, and MGX, aims to build US data centers for artificial intelligence, boosting tech stocks including Microsoft, Arm, Oracle, and Softbank.
Published on: January 22, 2025, 04:01 PM UTC