Higher bond yields appeared to help put a damper on the stock market’s strong start to the week on Wednesday, with the 30-year Treasury yield pushing back toward the 5% level as the S & P 500 stalled. The tepid day for equities came after Robert Sluymer, technical strategist at RBC Wealth Management, warned in a note to clients Tuesday that higher interest rates are a looming threat for the stock market. “The key risk we see for equities is the path of interest rates, and while a near-term pullback from important technical levels appears to be taking hold, a…
Author: usaeverydaylife
A Leopard 2 tank gear transmission in a production hall at the Renk AG plant in Augsburg, Germany, on Monday, May 8, 2023.Bloomberg | Bloomberg | Getty ImagesTank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising geopolitical tensions and soaring military spending.Earlier this year Germany passed a historic fiscal package that enabled a steep increase in the defense spending capabilities of Europe’s largest economy. The 27-member state bloc is scaling up its defense efforts amid the war in Ukraine and the increasingly strained…
CNBC’s Jim Cramer on Wednesday said artificial intelligence will be a major factor in jobs across industries in the future, as the new technology shapes the workforce.”If you want to know what’s going to happen in the future — not the near future, like next week or tomorrow, but next year and beyond — then I think you must factor in artificial intelligence,” he said. “When it comes to employment, both public and private, it might be the most important force out there.”Cramer referenced a recent Axios interview with Anthropic CEO Dario Amodei, who warned that AI could increase unemployment…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJane Sun, CEO of Trip.com Group, discusses how the company is leveraging AI to improve customer experience as she shares the three top emerging travel trends of the year. Source link
The first five months of 2025 have thrown some curveballs into European markets — led by a more extreme and volatile U.S. tariff policy than most had anticipated, with the European Union now seeking to stave off a threatened 50% base rate . Familiar themes have continued to play out with new dimensions. Inflation across Europe is lower, interest rates are falling in the euro zone and U.K. , and energy prices have cooled from the sky-high rates of recent years, though the tariff story has injected more uncertainty into the outlook . The Russia-Ukraine war rumbles on, amid dwindling…
In a Wednesday interview with CNBC’s Jim Cramer, Nvidia CEO Jensen Huang explained why he thinks it’s necessary to export his company’s artificial intelligence technology to China, saying trade with the country is vital if the U.S. wants to be a global leader in AI.”That’s probably the most important strategic reason to be in China,” Huang said. “Because there are so many developers there and because the world is going to adopt technology from one country or another — and we prefer it to be the American technology stack.”Nvidia posted better-than-expected earnings and revenue Wednesday night, sending shares up in…
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Carlos Barria | Reuters U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the “TACO” theory, or “Trump Always Chickens Out.”The walk-backs on tariffs has largely been a positive for markets. Now, a federal court has struck down his “reciprocal” tariffs — the same that were put on hold by Trump — lifting U.S. futures.Markets in extended trading were already buoyed by…
The ‘Fast Money’ traders react to Nvidia Q1 results. Source link
This photo taken on Nov. 24, 2022 shows the building of Bank of Korea BOK in Seoul, South Korea. South Korea’s central bank on Thursday raised its policy rate to curb inflation, delivering six back-to-back rate hikes for the first time. (Photo by Wang Yiliang/Xinhua via Getty Images)Wang Yiliang | Xinhua News Agency | Getty ImagesSouth Korea’s central bank cut its policy interest rate by 25 basis points Thursday as the country faces a double-whammy of protracted political turmoil and Trump’s sweeping tariffs.The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line…
Hongdae street in Seoul city, South KoreaTwenty47studio | Moment | Getty ImagesAsia-Pacific markets mostly rose Thursday after a U.S. federal court ruled that President Donald Trump exceeded his authority with his “reciprocal” tariffs on more than 180 countries and territories in April.South Korea’s Kospi rose 0.78% and the small-cap Kosdaq climbed 0.44%. The Bank of Korea has cut its policy rate from 2.75% to 2.5%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.Japan’s benchmark Nikkei 225 rose 1.18% and the Topix climbed 0.79%.Australia’s S&P/ASX 200 rose 0.12%.Hong Kong’s Hang Seng index traded flat at the…
