Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India’s Mahindra and Mahindra and Japan’s Honda Motor . The stocks are featured on the investment bank’s “Conviction List – Directors’ Cut,” which seeks to offer a “curated and active” list of buy-rated stocks. It comes as auto stocks have been in the spotlight in the region following stronger SUV sales in countries like India and high electric vehicle adoption in China . Mahindra and Mahindra Goldman is betting on Mahindra and Mahindra given its “unique pipeline” in India’s SUV car market. “M…
Author: usaeverydaylife
CNBC’s Jim Cramer reviewed Monday’s market action, saying the session’s moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day.”I’m not sure the market’s right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it’ll mean,” he said.Traders, Cramer said, are looking to get ahead of election results, and they’re looking for signs that someone knows something that others don’t. He suggested that some on Wall Street foresee a…
People shop in an Abercrombie & Fitch store in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty ImagesFormer President Donald Trump’s universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail Federation.The study, released on the eve of Election Day, adds to the pile of economic and industry analysis warning of the inflationary impacts of the Republican presidential nominee’s hardline approach to trade.Trump has said he would impose a 10% or 20% tariff on all imports across the…
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.Edgar Su | ReutersBEIJING — A closely watched meeting of China’s parliament standing committee on Monday reviewed a proposal to raise the local government debt limit, according to state media.New debt would go toward replacing hidden debt, the report said, noting that Finance Minister Lan Fo’an spoke at the meeting on the plan.Lan indicated at a press conference last month…
Stocks ticked lower on Monday as traders awaited Election Day, and the 30-stock Dow dropped more than 250 points. Here’s what CNBC will be watching on Tuesday. Source link
People are seen shopping in a Walgreens in Manhattan, New York City, Nov. 26, 2021.Andrew Kelly | ReutersWalgreens has agreed to pay $100 million to settle a proposed class action lawsuit accusing it of fraudulently overcharging customers for a decade when they bought generic drugs through private insurance, Medicare or Medicaid.Walgreens was accused of wrongly requiring insured customers to pay more than members of its Prescription Savings Club, who for a low annual fee could buy more than 500 widely prescribed generic drugs for $5, $10 and $15 for 30-day prescriptions, and $10, $20 and $30 for 90-day prescriptions without using insurance.In…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTake a walk through the “Fighter’s Clubhouse,” one of eight hotel rooms where travelers can watch baseball games at the attached stadium, the Es Con Field Hokkaido. Source link
Meta’s Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee later this month to discuss AI chip supply and other generative AI issues, as per the South Korean newspaper Seoul Economic Daily, citing unnamed sources familiar with the matter.Alex Wong | Getty Images News | Getty ImagesMeta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S.The social media giant announced the…
The Sydney Opera House Sydney, New South Wales, Australia.Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific markets traded mixed on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week.Japan’s Nikkei 225 added 0.68% in its first hour of trade, while the Topix inched up 0.33%. South Korea’s Kospi lost 0.67%, while the Kosdaq gained 0.25%. The country’s consumer inflation in October rose 1.3% from a year ago, slightly cooler than Reuters’ expectations of 1.4%.Hong Kong’s Hang Seng index futures were at 20,658, slightly higher than the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJim Bianco, Bianco Research president, joins ‘Fast Money’ to talk the impact of the election on equities and the bond market.05:17an hour ago Source link
