Investing.com — In a Wednesday note to clients, Citi economists discussed the potential impact of a 60% tariff on Chinese goods entering the US market, a measure that has gained attention following the projection of Donald Trump’s victory in the presidential election. The report outlines that such a tariff could lead to a significant reduction in Chinese exports to the US potentially decreasing China’s GDP growth by approximately 2.4 percentage points in an extreme scenario. However, Citi believes that a universal 60% tariff is more likely a negotiating tactic rather than an imminent policy change. “The proposal of a 60%…
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Goldman Sachs has upgraded BioNTech SE BNTX, citing the company’s BNT327, an immuno-oncology asset in clinical development across multiple solid tumors. Data from Summit Therapeutics Inc. SMMT and their partner Akeso for ivonescimab (PD-1xVEGF bispecific) has shown the potential to challenge standard-of-care regimens across a range of solid tumors. The analyst notes that the data for ivonescimab have sparked interest in BioNTech’s bispecific drug, BNT327, and its potential to follow a similar path and gain value. Also Read: BioNTech Variant-adapted COVID-19 Vaccines Do Well In Q3 The analyst adds that the data for BNT327, including the latest findings presented at…
Microsoft could see a windfall from its investments in artificial intelligence start-up OpenAI. In 2019, Microsoft (MSFT -0.68%) invested its first $1 billion in OpenAI, a San Francisco-based start-up focused on artificial intelligence (AI). At the time, Microsoft worried it had fallen “multiple years behind the competition in terms of machine learning,” according to messages between Chief Technology Officer Kevin Scott, CEO Satya Nadella, and co-founder Bill Gates. In particular, Microsoft was worried about recent technological advancements made by Alphabet’s Google, a long-standing leader in AI research through its DeepMind subsidiary. Microsoft pounced on what it saw as a chance…
Suze Orman had some strong words for a listener who considered drastically changing her IRA’s investment strategy. In a recent episode of the Women & Money podcast, a listener named Jane shared her concerns about the current state of the market and asked Orman if it would be smart to sell all her current IRA investments. Don’t Miss: Jane said the idea behind this would be to place the proceeds into a money-market fund within the IRA, then dollar-cost average back into the market over time, assuming prices might decline shortly. Orman responded directly: “It’s the worst idea I’ve ever…
Image source: Getty Images The FTSE 250 may tend to be more volatile than its larger cousin, the FTSE 100, but it can provide investors with greater opportunities for outsized returns. Leading consumer brands There are not many companies that can boast a host of market-leading brands in their portfolio. PZ Cussons (LSE: PZC) can, though. These include Imperial Leather, Original Source, Carex, and Sanctuary Spa. Despite being home to a suite of top brands, this is a company that has struggled to make itself relevant against much larger competitors, including Procter & Gamble and Unilever. Since peaking at 400p…
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024.Jim Watson | Afp | Getty ImagesTesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy.In response to a Thursday social media post from Sen. Mike Lee, R-Utah, which called for the Fed to be under the direction of the president, Musk on Friday posted the “100” emoji used to…
Investing.com — The re-election of Donald Trump is set to further accelerate deglobalization and economic fragmentation globally, as analyzed by economists at Wells Fargo (NYSE:). This shift centers on Trump’s commitment to heightened tariffs and an increasingly unilateral approach to U.S. trade policy, which could drive other countries to reevaluate and redirect their economic alliances. As a result of recent financial crises, Wells Fargo points out that global trade cohesion had already deteriorated. A new round of U.S. tariffs is expected to aggravate the global economic fractures caused by COVID-19. A Trump-led America could see the U.S. becoming more economically…
Image source: Getty Images The hunt for the best stocks to buy now never ends. There are always new opportunities to explore and lucrative deals to be made. The challenge is finding which companies will go on to deliver market-beating returns. And in my experience, it’s often an unpopular business in a critical industry. The market for cybersecurity has exploded in recent years. As threats become more intricate and data more valuable, companies have begun heavily protecting their IT infrastructure. And according to Polaris Market Research, the global cybersecurity market’s on track to double to over half a trillion dollars…
CAIRO (Reuters) – Dozens of people were killed and wounded in an Israeli strike on a house in Jabalia in the northern Gaza Strip at dawn on Sunday, Palestinian medics said. Footage circulating on social media, which Reuters could not immediately verify, showed about a dozen bodies wrapped in blankets and laid to the ground at a hospital. Residents said the building that was hit had housed at least 30 people. The Palestinian official news agency WAFA and Hamas media put the number of people killed at 32. There was no immediate confirmation of the tally by the territory’s health…
(Bloomberg) — Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. Most Read from Bloomberg The cryptocurrency climbed as much as 4.3% to an unprecedented $79,771 on Sunday and remained near $79,000 as of 2:05 p.m. in Singapore. Smaller tokens like Cardano and meme-crowd favorite Dogecoin also rallied. Trump vowed on the campaign trail to put the US at the center of the digital-asset industry, including creating a strategic Bitcoin stockpile and appointing regulators enamored with digital assets. He emerged from…