German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a further boost from a recent change in tack in European defense policy. The company reported a 36% jump in consolidates sales in 2024, with sales in the defense business up 50%.Rheinmetall’s Frankfurt-listed shares have risen nearly 89% since the beginning of the year, as broader European defense stocks have soared amid the prospect of a defense splurge by regional governments.The European leaders push to bolster regional defense capabilities comes as…
Author: usaeverydaylife
Chinese President Xi Jinping’s meeting with entrepreneurs last month gave businesses confidence to make investments, Chairman of Alibaba Group Joe Tsai said at CNBC’s CONVERGE LIVE in Singapore on Wednesday.”People underestimate the importance of that meeting,” he said. “What that meeting did to the entire entrepreneur sector, or … the private business sector, is it gave private business people confidence to make investments in their business.”Last month, Xi held a closed-door symposium with some of the country’s most prominent business leaders, including Alibaba founder Jack Ma, in a rare show of support for the long-sidelined sector.Beijing urged the entrepreneurs to…
In Britain, a languishing prime minister is suddenly a statesman, while his up-and-coming populist rival has been thrown on his heels. In Canada, the incumbent Liberal Party has a chance to win an election long thought out of reach. In Germany, the incoming center-right chancellor is dominating the agenda after an election many feared would be a breakthrough for the hard right.As President Trump’s “shock and awe” policies radiate around the world, they are reshaping global politics in unforeseen ways.Mr. Trump’s sweeping tariffs and threats to the trans-Atlantic alliance have breathed life into centrist leaders, who are regaining popularity for…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast Money’Fast Money’ traders talk the markets bouncing off their lows and what sectors are struggling or benefitting.03:18Tue, Mar 11 20255:47 PM EDT Source link
Alibaba’s Chairman Joe Tsai speaking at CNBC’s CONVERGE LIVE event in Singapore on Wednesday.CNBCArtificial intelligence may eliminate the need for research analysts in the future, Alibaba’s Chairman Joe Tsai said Wednesday at CNBC’s CONVERGE LIVE event in Singapore. “Equity research analysts can be completely replaced … you can ask it to put together a report on Nvidia or Apple, and it’ll do a great job,” he told CNBC’s David Faber.That doesn’t mean, however, that analyst roles will be eliminated altogether, he said during CNBC’s two-day live event at Jewel Changi Airport.”I don’t think it’ll entirely replace human beings. It’ll just…
Steel coils are pictured in the yards of the steelmaker Ternium plant as U.S. President Donald Trump ordered 25% tariffs on aluminum and steel imports entering the United States, in San Nicolas de los Garza, Mexico February 11, 2025.Daniel Becerril | ReutersU.S. President Donald Trump’s 25% tariffs on steel and aluminum imports came into effect Wednesday, despite concerns that the duties could push the world’s biggest economy toward a recession.The White House confirmed the duties, which will affect Canada and other nations, late Tuesday state side, but added that Trump no longer planned to raise tariffs on the metals from…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichael Schumacher, Wells Fargo Securities head of macro strategy, joins ‘Fast Money’ to talk the impact of tariffs and trade uncertainty on markets and bonds.03:51Tue, Mar 11 20255:48 PM EDT Source link
Signage for Taiwan Semiconductor Manufacturing Company (TSMC) at it’s fabrication plant in Phoenix, Arizona, US, on Monday, March 3, 2025.Rebecca Noble | Bloomberg | Getty ImagesTSMC has pitched U.S. chip designers Nvidia, Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate Intel’s factories, according to four sources familiar with the matter.Under the proposal, the Taiwanese chipmaking giant would run the operations of Intel’s foundry division, which makes chips adapted for the needs of customers, but it would not own more than 50%, the sources said. Qualcomm has also been pitched by TSMC, according to one of the sources and a separate source.The talks, which are at an early stage, come after U.S. President Donald Trump’s administration requested TSMC, the…
President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties.Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. The move, which many domestic steel and aluminum makers support, is expected to raise costs for American manufacturers of cars, tin cans, solar panels and other products, potentially slowing the wider U.S. economy.The action on metals was just the latest attempt by Mr. Trump to leverage…
President Trump speaks to CEOs and executives at business roundtable. Source link
