Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations.Thierry Monasse | Getty Images News | Getty ImagesIndia will fabricate its first chip in two years, Commerce Minister Piyush Goyal told CNBC during a one-on-one interview in New York.India’s push into semiconductors comes as more U.S. chipmakers set their sights on India. Nvidia, AMD, Micron are among the U.S. companies…
Author: usaeverydaylife
Travis Hunter struck the Heisman pose. Jalen Milroe and Ryan Williams connected on what will be one of 2024’s best plays. Ashton Jeanty created one of those on his own. Cam Ward made an improbable escape.And that’s the entirety of the representation in The Athletic’s first weekly Heisman straw poll of the 2024 season. Hunter, Colorado’s do-everything, play-every-play cornerback and receiver, leads the way, getting 19 of 25 first-place votes and totaling 67 points. Milroe, the Alabama quarterback whose 75-yard touchdown pass to freshman receiver Williams delivered victory over Georgia after a 28-point lead had been squandered, came in second…
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024.Bloomberg | Bloomberg | Getty ImagesAs a port strike stretching from New England to Texas halted close to half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs from Novo Nordisk and Eli Lilly — Ozempic, Wegovy, Mounjaro and Zepbound — are among the trade casualties in the ILA union port work stoppage.Bills of lading, the digital receipts of freight containers, show that the delivery mechanisms for insulin and weight-loss drugs rely on East…
Check out the companies making headlines in midday trading. New Fortress Energy – Shares of the natural gas company popped 17% after New Fortress priced its underwritten public offering of roughly 46 million shares at $8.63 per share through Morgan Stanley. Deutsche Bank reduced its price target and downgraded New Fortress to sell on Tuesday, citing the pending dilution of equity and its view that the stock carries “too much risk inherent” to the company’s business model. Energy stocks – U.S. crude oil futures rose 4% on worries that Iran is preparing to attack Israel , sending shares of energy…
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty ImagesNike will report quarterly earnings Tuesday as investors brace for another set of less-than-stellar results. The company announced in September that CEO John Donahoe would be stepping down.Here’s what analysts are expecting from the world’s largest sneaker company for its fiscal first quarter of 2025, according to consensus estimates from LSEG:Earnings per share: 52 centsRevenue: $11.65 billionAnalysts are expecting sales to drop 10% from the year-ago period and profits to plunge by nearly 45%. The…
A major Wall Street strategist is jumping aboard the story that materials stocks could be at the start of a big rally. Bank of America equity and quantitative strategist Savita Subramanian upgraded the materials group to overweight from market weight, saying in a note to clients that this sector has the highest correlation to Chinese equities and stands to benefit most from a wave of economic stimulus measures in China. That theory played out during last week’s rally for Chinese stocks. The Materials Select Sector SPDR Fund (XLB) rose 3% last week, though it was down a bit on Monday…
Before going into politics, Vice President Kamala Harris worked at McDonald’s in her 20s, she confirmed in a recent interview with MSNBC’s Stephanie Ruhle.While Harris describes her time at the popular fast-food chain as a summer job she took in college to earn spending money, she believes her experience there allowed her to connect more authentically to the financial struggles of everyday working Americans in her pursuit toward the highest office in the country.”It was not a small job,” Harris told Ruhle. “There are people who work at McDonald’s in our country who are trying to…raise families and pay rent.”…
Tesla is set to report third-quarter vehicle production and delivery numbers on Wednesday. Analysts are expecting Elon Musk’s automaker to report about 463,310 deliveries, according to estimates compiled by FactSet StreetAccount. That would include about 435,900 of Tesla’s Model 3 sedans and Model Y SUVs.Tesla reported deliveries of 435,059 and production of 430,488 vehicles for the same period a year ago, before it was selling the Cybertruck. More recently, Tesla reported deliveries of 443,956 and production of 410,831 vehicles for the second quarter of 2024.If Tesla meets analysts’ expectations that would represent a 6.5% year-over-year increase for deliveries after declines in…
DETROIT — Dan Campbell bashfully stared down at the lectern in front of him, looking like a toddler who knows he’s guilty.He nervously stacked a couple of sheets of paper in his hands, as he was asked about his quarterback’s performance. He then took a deep breath, preparing to own up to his mistake, as Campbell so often does. In the aftermath of Detroit’s 42-29 victory over the Seattle Seahawks on Monday night, it was time to face the music.Jared Goff went a perfect 18-of-18 in the win. Campbell left him hanging in the locker room.“I just gave the game…
TOKYO, JAPAN – SEPTEMBER 06: Japanese former Defense Minister Shigeru Ishiba speaks during a press conference at the Foreign Correspondents’ Club of Japan on September 06, 2024 in Tokyo, Japan. Ishiba and former Environment Minister Shinjiro Koizumi are the front runners in the race of the upcoming presidential election for the ruling Liberal Democratic party of Japan (LDP) according to recent polling. (Photo by Tomohiro Ohsumi/Getty Images)Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan’s new Prime Minister Shigeru Ishiba on Tuesday unveiled his cabinet as he seeks to heal party divisions and secure a national mandate with an Oct.…
