When President Trump said last month that he wanted to move all of Gaza’s roughly two million residents out of the strip to Egypt and Jordan and transform the territory into a beachfront “Riviera” for tourism, Arab leaders rejected the idea and hurried to present their own grand plan.At an emergency Arab summit in Cairo on Tuesday, they laid out their vision: Rebuild Gaza without forcing out the Palestinians who live there. Sideline Hamas, the armed group that currently controls Gaza, and appoint a committee of skilled bureaucrats to initially run the strip before handing over to the internationally recognized…
Author: usaeverydaylife
Barrick Gold shares could be due for more gains over the coming months, according to UBS. Analyst Daniel Major upgraded the miner’s stock to buy from neutral and kept its 12-month price target at $22, reflecting 24% upside from Tuesday’s close. Shares have already surged more than 14% year to date, outpacing the S & P 500’s year-to-date loss of nearly 2%. The stock has also risen more than 3% over the past month. That comes after shares fell 16.5% in 2024 — lagging the broader market. “After material underperformance we think Barrick offers compelling value with near-term operational challenges…
Foot Locker store location on 34th street in New York City.Courtesy: Foot LockerFoot Locker said Wednesday it expects another year of deep discounts in the sneaker industry as its largest brand partner Nike continues its reset and relies on markdowns to clear through stale inventory. The footwear giant delivered mix results for its holiday quarter, beating Wall Street’s expectations on earnings but falling short on sales. In the year ahead, it anticipates that trend will reverse. For fiscal 2025, Foot Locker is expecting profits to be lower than Wall Street estimated, while the high end of its comparable sales guidance is…
An aerial view of COFCO’s State Reserve grain depot in Hangzhou, east China’s Zhejiang province, March 4, 2025.Cfoto | Future Publishing | Getty ImagesChina on Wednesday raised its annual grain production target to around 700 million metric tons and expanded its agriculture stockpile budget, pushing for stronger measures to safeguard food supplies as tensions with trade partners intensify.The world’s largest importer of farm goods brought in more than 157 million metric tons of grains and soybeans last year but is seeking to cut its heavy dependence on supplies that mostly come from the United States and Brazil. Beijing raised its…
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBCFrom lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders.The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on China, Mexico and Canada. Goods from China are now subject to a 20% tax, an increase from a previous 10% tax, and those from Canada and Mexico face a 25% tax. Canadian lumber was already subject to separate duties of 14.5%.The new tariffs could increase builder costs anywhere…
The trucks that carry about $300 million worth of auto parts each day over the bridge from Windsor, Ontario, to Detroit are still rolling as usual. But in the aftermath of President Trump’s decision to impose 25 percent tariffs on most categories of Canadian exports, the mood in Windsor, like all of Canada, was transformed.Mr. Trump’s move has ignited a sense of economic anxiety and anger among Canadians about how they are being treated by their neighbor, ally and best customer. Most are still puzzling over Mr. Trump’s motivations and objectives for the tariffs, as well as his comments about…
LSEG signage is seen on screens in the lobby of the London Stock Exchange in London, Britain, May 14, 2024. Hannah Mckay | ReutersLondon’s listing problem isn’t limited to the capital, with weakness in the U.S. and Asia too, according to the head of the London Stock Exchange Group.According to EY, there were just 18 initial public offerings on the London Stock Exchange last year – eight of which came in a fourth quarter flurry.But LSEG CEO David Schwimmer said it’s not a unique problem.”We have seen on a global basis, a pretty subdued environment for IPOs, and that’s been in…
U.S. President Donald Trump arrives to address a joint session of Congress at the U.S. Capitol on March 4, 2025, with U.S. Speaker of the House Mike Johnson and Vice President JD Vance behind him.Win Mcnamee | Via Reuters U.S. President Donald Trump’s 25% tariffs on Canada and Mexico, and an additional 10% on China, are officially in place, proving that he wasn’t brandishing them merely as a negotiating tactic, as many had thought — and hoped. Canada and China have since announced retaliatory tariffs, while Mexico said its response will come Sunday.Geopolitical trade and international relations may be fractured…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 is lower Tuesday, but the index has made a solid comeback from the lows of the session on global trade tensions. Technology is a big reason behind the market’s rebound off its worst levels, with semiconductor stocks such as Club names Nvidia and Broadcom overcoming early losses to trade in positive territory. Nvidia is up more than 3%, clawing back some of its steep losses…
We are not Ukraine.That is the overarching message from officials in the Philippines, who say that they are certain they have the full backing of the United States despite President Trump’s dramatic shifts in foreign policy, including his stunning blowup with Ukraine’s leader. Their confidence, they say, comes from the fact that both Washington and Manila have a common adversary: China.Mr. Trump is embroiled in a trade war with China, while the Philippines has been involved in increasingly tense standoffs with China in the South China Sea over Beijing’s expansive territorial claims. Manila’s biggest deterrent against China is a mutual…
