WHITELAW, Wis. — President Donald Trump unveiled sweeping new tariffs on Wednesday which the White House dubbed “Liberation Day.” While this latest round of tariffs could have a harsh impact on many industries, experts say the scrap metal industry is poised to benefit. What You Need To Know A love of classic cars prompted Will Clark to start Third Generation Salvage in 2015 The steel industry’s largest source of raw material is scrap metal, which is commonly collected by recycling steel. Clark says prices are good for copper, steel and iron Marquette finance instructor Brian Jacobsen said as tariffs increase the cost for imported metals, the…
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A federal judge ruled Tuesday that the White House cannot bar Associated Press reporters and photographers from the Oval Office, Air Force One and other tightly controlled spaces where a handful of other media outlets are admitted to cover President Donald Trump.District Court Judge Trevor McFadden said that the White House’s blocking of AP journalists from those secure spaces after the wire service refused to wholeheartedly adopt his renaming of the Gulf of Mexico is “contrary to the First Amendment” of the U.S. Constitution.McFadden, who was appointed to the bench by Trump, paused his preliminary injunction order requiring the White…
Image source: Getty Images The dividend yield for the UK’s largest bank, HSBC (LSE: HSBA), recently enjoyed a decent boost thanks to its final dividend. In it’s FY24 results it announced a fourth-quarter dividend of 36c a share, which brings the total up to 66c a share. And when adding the 21p special dividend it ramps the full amount up to 87c — equivalent to 9.28% of the current share price. However, since it has already gone ‘ex-dividend’, that’s only applicable to existing shareholders. For investors considering the stock this year, it’s important to look ahead at the dividend forecast.…
In an unusual twist of fate, the UK stock market could take a lead over the US this year. Already, the S&P 500‘s down almost 14% this year while the FTSE 100 has only dipped 6.7%. Created on TradingView.com Last month it was reported that fund managers are overweight on British stocks — marking only the second such occurrence since 2022. Statistics reveal investors are making strategic shifts away from US stocks and into UK equities. This could lead to a much-needed revival for the FTSE 100 and other UK indexes. So what’s the play? Here’s my plan. Seeking value…
By Colleen Goko and Duncan Miriri JOHANNESBURG/NAIROBI (Reuters) – International bonds issued by smaller, riskier, emerging economies suffered another sharp selloff on Wednesday after President Donald Trump’s eye-watering 104% tariffs on China took effect, re-igniting turmoil across global markets. Pakistan’s longer-dated dollar-denominated bonds tumbled more than 6 cents to be bid below the 70-cent threshold where debt is seen as distressed, Tradeweb data showed. Longer-dated bonds, issued by Sri Lanka, Nigeria and Egypt, were all down between 3.5-4.5 cents, although trading was thin, according to market participants. Debt in smaller emerging markets, known as frontier markets, has suffered sharp selloffs…
European Commission (EC) President Ursula von der Leyen hosted a high-level dialogue with representatives of automotive industry to discuss the implications of the US tariffs on cars… Source link
Image source: Getty Images Shares in FTSE 100 bank Standard Chartered (LSE: STAN) are down 29% from their 3 March one-year £12.81 traded high. This is an unusual dip in the share’s price, but is still up 44% from its 17 April 12-month low of £6.35. I have been sorely tempted to buy the stock for a while now for reasons analysed below. However, the fact that I own shares in two other banks – HSBC and NatWest – prevents me from doing so. Adding another banking stock to these would unbalance the risk-reward profile of my overall portfolio. However,…
Image source: Getty Images I reckon shareholders in Supermarket Income REIT (LSE:SUPR), one of the FTSE 250’s real estate investment trusts, will have been delighted with its share price performance over the past week or so. On 3 April, the day after President Trump unveiled his tariffs, and when many investors around the world appeared to go into panic mode, its share price went up. Its simple business model, which involves leasing supermarket space to well-known grocery chains, isn’t going to be directly affected by a global ‘trade war’. And even if the world goes into recession, supermarkets will still…
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Image source: Getty Images Rolls-Royce’s (LSE: RR) share price has tumbled 18% from its 19 March one-year traded high of £8.18. Much of this fall followed US President Donald Trump’s 2 April rollout of 10% tariffs on UK imports into the country. Higher tariffs will be applied on goods from around 60 countries and/or trading blocs claimed to show a high trade deficit with the US. These include China (now 104%) and the European Union (20%). My key question when a stock has fallen in such circumstances is whether it is worth me buying on the dip. So I took…