A laborer carries a sack filled with refined wheat flour to load it onto a supply truck at a wholesale market in Kolkata, India, on April 10, 2025. Nurphoto | Nurphoto | Getty ImagesIndia’s annual inflation rate fell to a lower-than-expected 3.34% in March, the country’s Ministry of Statistics and Programme Implementation reported Tuesday.The reading fell for a fifth straight month and came in slightly below the 3.61% seen in February, as growth in food prices continued to soften. Economists polled by Reuters had expected a reading of 3.6%.Food inflation, which is a key constituent of the country’s consumer price index,…
Author: usaeverydaylife
A widely followed investor survey is showing growth expectations are at a record low. A total of 82% of respondents in Bank of America Securities’ latest global fund manager survey said they expect the global economy will weaken — a 30-year high. The reaction comes as investors try to navigate the chaotic rollout of President Donald Trump ‘s trade policy, which has also thrown the stock market into a tailspin. In fact, 42% of fund managers polled said a recession is likely, which is the fourth highest level of the last 20 years, Bank of America said. Inflation expectations are…
U.S. President Donald Trump’s moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton.”This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say, I’m going to tariff you unless you do better on trade negotiations,” Bolton told CNBC’s Dan Murphy on Monday.”And in fact, the one country that really deserves a trade war — China — we’ve put them in a much better position strategically by going to war…
A severe sandstorm has swept across central and southern Iraq over the last two days, turning the sky a strange orange, reducing visibility in some places to less than a half mile and sending several thousand people to emergency rooms with respiratory problems.Two airports suspended flights because of poor visibility, and the usually crowded highways of Basra, the largest city in the country’s south, were nearly empty as high winds whipped through the palm trees and aboveground electrical lines.The spokesman for Iraq’s meteorology department, Amir al-Jabri, said that the “heavy waves of dust” had blown across the country after originating…
Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Netflix as buy The firm said it’s bullish on the stock ahead of earnings later this week. “Amid recent market volatility, Netflix’s strong subscription model with critical entertainment (which historically has performed well in a recession) has made the stock a defensive choice for investors and driven outperformance versus other technology/Mag 7 companies.” Roth MKM initiates RedCloud as buy Roth said the e-commerce platform has a “significant” total addressable market. “RedCloud Holdings (RCT) is a B2B E-commerce Tech platform that facilitates buying and selling of consumer goods in…
My top 10 things to watch Tuesday, April 15 1. Wall Street is headed for a muted open this morning after back-to-back advances for the S & P 500 . The index is still 4.7% below where it closed April 2, the day President Donald Trump announced his “reciprocal” tariffs. 2. The Dow is the weakest of the indexes in the premarket, and Boeing is a big reason why. Its shares are getting hit on a Bloomberg News report that China told its airlines to stop taking deliveries of Boeing planes in response to Trump’s tariffs. 3. Bank of America’s…
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010.Stringer | ReutersAs China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall, according to the Center for Strategic and International Studies — and this could threaten Washington’s military capabilities.Amid U.S. President Donald Trump’s escalating tariffs on China, Beijing earlier this month imposed export restrictions on seven rare earth elements and magnets used in defense, energy and automotive technologies. The new restrictions — which encompass the medium and heavy rare earth elements samarium, gadolinium, terbium, dysprosium,…
Check out the companies making headlines before the bell. Bank of America — Shares rose about 2% after Bank of America reported first-quarter results that exceeded analysts’ expectations , due to stronger-than-expected net interest income and trading revenue. The bank’s quarterly earnings rose 11% to $7.4 billion, or 90 cents a share, while its revenue increased 5.9% to $27.51 billion. Analysts polled by LSEG had called for earnings of 82 cents per share on revenue of $26.99 billion. Boeing — Shares of the aerospace company fell more than 3% after Beijing ordered Chinese airlines not to take more deliveries of Boeing planes…
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.”Pavlo Gonchar | Sopa Images | Lightrocket | Getty ImagesDutch digital bank Bunq on Tuesday said it’s filed for broker-dealer registration in the U.S. as it looks to further expand across the Atlantic.Bunq CEO Ali Niknam said the broker-dealer application will be an initial step toward securing a full banking license. He couldn’t offer a firm timeline for when Bunq will secure this authorization in the U.S. — but said he’s excited for its growth prospects…
While investor worries of declining consumer confidence have plagued the market in recent days, Citi thinks Norwegian Cruise Line may be able to withstand any potential turmoil. The firm, which has a buy rating on the stock, has a price target at $34 – more than double its current share price. That target implies more than 108% upside from Monday’s close. “We believe that investors have gotten way ahead of themselves with respect to the likely impact, and we can’t help but think that both the company and the industry are better positioned than they have ever been for turbulent…
