Investors looking to strike a balance between offense and defense in this market should turn to companies that consistently grow their dividends, according to Jeremy Zirin, head of UBS Asset Management’s private client U.S. equity team. When stocks slid in April following President Donald Trump ‘s tariff policy announcement, investors scooped up dividend stocks — mainly focusing on those with high yields, he said. Yet the markets rebounded as the president began easing back on tariffs amid negotiations, and on Monday stocks soared after the U.S. and China agreed to temporarily cut duties . “The higher-dividend-yielding strategies tend to do…
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A Fidelity Investments branch.Nicholas Pfosi | The Boston Globe | Getty ImagesSome Fidelity Investments customers experienced login issues Monday morning as the market rallied.More than 3,000 user complaints were reported around 10 a.m., according to Downdetector, a website that tracks outages. About 79% of the reports were login issues, 12% were website-related issues and 9% were online brokerage related, per the site.The Fidelity login issues occurred as major stock indices spiked on the news that China and the U.S. had agreed to temporary tariff cuts. The Dow Jones Industrial Average surged 1,136 points, or 2.7%, by mid-afternoon. The S&P 500 is up nearly 3%…
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy.They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. officials in Switzerland with relatively few concessions.”China’s firm countermeasures and resolute stance have been highly effective,” said a social media account linked to China’s national broadcaster CCTV.In the eyes of the Chinese public, negotiators from Beijing appear to have convinced President Donald Trump’s administration to roll…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichelle Meyer, Mastercard Economics Institute chief economist, joins CNBC’s ‘Power Lunch’ to discuss outlooks on the consumer, travel trends, and more. Source link
U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of “substantial progress” following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war.Fabrice Coffrini | Afp | Getty ImagesStock Chart IconStock chart iconStoxxAnalysts and strategists said on Monday that the new U.S.-China arrangement could reignite risk-on sentiment, benefiting stocks and U.S. assets.In a note to clients on Monday, Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, said the deal unveiled in Geneva was better…
Technology stocks are high-beta in nature, meaning they tend to lead the market on the upside and the downside, outperforming when the market is strong and underperforming when the market is weak. Given their tendency to lead the market (in both directions) and their 30% weighting in the S & P 500 Index (SPX) , it is important to have an understanding of where the technology sector stands from a technical perspective. Starting with a monthly bar chart, it is evident the Technology Select Sector SPDR has a secular uptrend in place above the rising monthly cloud model. Within that…
U.S. President Donald Trump could have the upper hand in subsequent trade talks with China as the nations hammer out further negotiations, according to Neo Wang, lead China economist and strategist at Evercore ISI. The U.S. negotiated a long-awaited deal this weekend with China, resulting in both trade partners suspending most tariffs on each other’s goods. The trade agreement negotiated after key representatives from both sides met in Switzerland over the weekend entails that total U.S. tariffs on China stand at 30%, while Beijing’s duties on U.S. imports are at 10%. Both parties said in a statement on Monday they would…
Counterterror police are investigating a fire that broke out in the early hours of Monday morning at a north London home owned and rented out to tenants by Britain’s prime minister, Keir Starmer.After winning last year’s general election, Mr. Starmer moved into the prime ministerial residence at 10 Downing Street and, according to official records, leased his four bedroom family home in Kentish Town.“On Monday, 12 May at 01:35 hrs., police were alerted by the London Fire Brigade to reports of a fire at a residential address,” London’s Metropolitan Police said in a statement.“Officers attended the scene. Damage was caused…
For investors cheering the U.S.-China tariff truce, Goldman Sachs cautioned that the damage from President Donald Trump’s trade war is still poised to be significant. Stocks rallied Monday after the U.S. and China agreed to suspend most tariffs on each other’s goods for 90 days, cutting “reciprocal” tariffs from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%. The Wall Street firm pointed out that the reduction in China tariffs would imply only a less than two percentage-point decrease to the U.S. current overall…
A person holds a poster of hostage Edan Alexander during a rally to mark the first anniversary of the October 7th terror attacks on Israel on October 6, 2024 in New York City. Noam Galai | Getty ImagesAn American-Israeli soldier held hostage for more than 19 months in the Gaza Strip was released by Hamas on Monday.Edan Alexander, who is believed to be the last living U.S. citizen held captive in Gaza, was handed over to Red Cross representatives in the enclave’s southern city of Khan Younis.The 21-year-old was then transferred to to Israeli special forces inside the Gaza Strip, the country’s military…
