FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic | ReutersPayPal, Block and Affirm are all closely tied to the health of the consumer, which has investors on edge headed into their earnings reports.Markets broadly have been jittery to start the year due largely to concerns about President Donald Trump’s sweeping tariffs and the prospect of higher import costs leading to rising unemployment and reduced consumer spending.Specific to e-commerce, there’s the end of de minimis trade exemptions for Chinese imports, effective May 2. That change, aimed at…
Author: usaeverydaylife
Widespread power outages were reported Monday in parts of Spain, Portugal and France, affecting critical infrastructure like airports and causing transportation disruptions.“The interruption was due to a problem in the European electricity grid,” E-Redes, the national energy supplier of Portugal, said in a statement. In addition to Portugal, it said, “The blackout also affected regions of Spain and France, due to faults in very high voltage lines.”E-Redes said that the outage was widespread across Spain, with outages in Catalonia, Andalusia, Aragon, Navarre, the Basque Country, Castile and León, Extremadura and Murcia.In France, the Portuguese energy supplier said, “the Basque Coast…
LLY YTD mountain Eli Lilly stock in 2025. Eli Lilly’s high valuation make the stock vulnerable to a sharp decline amid broader macroeconomic concerns, according to HSBC. “We think that in the current economic environment, stocks with higher multiples are at greater risk of those multiples contracting,” analyst Rajesh Kumar wrote in a Monday note. The stock currently has a forward price-to-earnings ratio of about 40 times, compared to roughly 20 times for the S & P 500. HSBC downgraded Eli Lilly stock to “reduce” from buy, and trimmed its price target to $700 per share from $1,150. HSBC’s forecast…
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, on February 28, 2025.Nurphoto | Nurphoto | Getty ImagesThe clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has described as an “unsustainable” tariffs war. But in the U.S. farming sector, the damage has already been done and the economic crisis already begun.U.S. agriculture exporters say the global backlash to President Trump’s tariffs is punishing them, especially a decline in Chinese buying of U.S. farm products,…
Shares of British food delivery firm Deliveroo jumped to their highest level in more than three years on Monday, after the company confirmed it had received a $3.6 billion takeover offer from U.S. firm DoorDash.Deliveroo first made the announcement after European markets closed on Friday. In a follow-up update Monday, it said it was immediately suspending the £100 million ($133.5 million) share buyback program it had announced on March 18.Deliveroo shares were up 17.6% to 172.4 pence at their highest since January 2022 at 11:18 a.m. U.K. time on Monday.Last week’s update revealed Deliveroo’s board received a cash offer from DoorDash on April…
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | ReutersMark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade policies will impact that strategy. Those answers could start to come as soon as this week as Meta’s AI strategy takes center stage when the company hosts its first Llama-branded conference for AI developers on Tuesday then reports its latest quarterly earnings the next day.Already, tech companies are…
Haussmann architecture buildings are reflected on the facade of Samaritaine department store in central Paris on October 10, 2023.Dimitar Dilkoff | Afp | Getty ImagesEurope’s real estate sector is recovering at pace following years of subdued activity, with investment volumes rising by a quarter over the past 12 months, according to new research from commercial property group CBRE.Investment in European real estate rose 6% annually to 45 billion euros ($51 billion) in the first quarter of 2025 as improved macroeconomic sentiment and lower interest rates took hold. Investment volumes were up 25% annually over the year to 213 billion euros.Inflows…
Boeing could be on track to make good on past growth hopes as the company emerges stronger after heightened scrutiny, according to Bernstein. Bernstein analyst Douglas Harned upgraded the airplane design and manufacturing stock to outperform from market perform and upped his price target to $218 per share from $181 in a Sunday note. The forecast implies about 23% upside from Friday’s $177.95 close. Shares rose 1.7% in premarket trading Monday. “Boeing is now making the progress it needed for the growth trajectory we expected before the Alaska door plug accident in January 2024,” Harned said. While the analyst cautioned…
For months, Moscow and Pyongyang had been vague about the deployment of North Korean troops in Russia’s war against Ukraine, even after Kyiv publicly paraded two North Korean soldiers its forces had captured.Then, in back-to-back statements, the leaders of the two countries confirmed that North Korean troops have been fighting shoulder to shoulder with Russia’s, saying they had helped liberate the Kursk border region from Ukrainian forces.Kim Jong-un, the North Korean leader, said he had sent troops to Russia to boost its military alliance, praising their “heroism and bravery,” the country’s state media said Monday. Mr. Kim ordered a monument…
Philippine coast guard personnel and a Chinese coast guard ship on April 23, 2023.Ted Aljibe | Afp | Getty ImagesThe Philippines said Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there.Chinese state broadcaster CCTV on Friday said its coast guard had landed on Sandy Cay as part of maritime control operations to exercise its sovereignty. It did not say China was occupying the feature.CCTV showed pictures of four coast guard personnel in black combat gear holding a Chinese flag after arriving on Sandy Cay on an inflatable dinghy.Philippine…
