Day: August 25, 2024
Asia-Pacific markets set for mixed open as Middle East tensions rise, Powell signals rate cuts
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open mixed on Monday as Israel and Hezbollah traded strikes on Sunday, while investors assessed dovish comments by […]
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Morgan Stanley says a global tech downturn is a ‘near certainty’ — and shares how to position for it
Morgan Stanley says a cyclical downturn in global tech is almost certain next year. “Our base case is that a cyclical downturn is a near certainty in 2025,” it said in an Aug. 20 report, adding that it will be caused by a “likely reversal” in the rate of change of revenue growth and tight […]
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Bernstein loves these global battery stocks — giving 3 over 50% upside
Battery demand for commercial vehicles has been growing, Bernstein says, naming three stocks with over 50% upside potential that it likes. The rapid growth in battery demand for commercial vehicles is thanks in part to falling battery prices, the investment bank’s analysts wrote in an Aug. 15 research note. By the early 2030s, they said, […]
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Stock futures are little changed after Fed signals rate cuts are imminent: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 29th, 2024. NYSE Stock futures were little changed on Sunday as investors look to push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming. Futures tied to the S&P 500 slipped 0.1%, while Nasdaq 100 […]
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Trump says Musk wouldn’t have time to be in his White House cabinet, but could ‘consult’
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn’t serve in his hypothetical White House cabinet due to the demanding schedule of running his various companies. “He wants to be involved. Now look, he’s running big […]
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The IRS has a method of ‘last resort’ to collect overdue taxes: Revoking your passport
Grace Cary | Moment | Getty Images Travelers, be warned: The federal government may revoke your passport if you ignore a big tax bill. Such punishments have become more frequent in recent years, experts said. Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent […]
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Telegram messaging app CEO Durov arrested in France
Telegram founder and CEO Pavel Durov AOP.Press | Corbis | Getty Images Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, was arrested at Le Bourget airport outside Paris shortly after landing on a private jet late on Saturday and placed in custody, a police source said. The arrest of the […]
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I’m from Japan, home to some of the world’s longest living people: The No. 1 beverage I drink every day
Growing up in Nara, Japan, surrounded by tea fields, matcha has always been a part of my life. The full aroma and the deep bitter and sweet umami taste of this vivid green tea evokes so much nostalgia for me. When I was in high school, I started taking formal tea ceremony lessons. It was […]
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Bank of China President Liu resigns, chairman to be acting president
Bank of China President Liu Jin. Bloomberg | Bloomberg | Getty Images Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had approved Chairman Ge Haijiao to serve as acting president. Liu, 57, has held senior […]
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