Day: October 13, 2024
Protesters in Spain told tourists to ‘go home.’ Instead more arrived.
On July 6, thousands of anti-tourism protesters marched through the streets of Barcelona, shouting: “Tourists go home!” A little more than a month later, Spain’s tourism board sent a mass email with a different message: “Spain: the summer you’ll want to repeat every year … We can’t wait to see you!” Tourists caught in the […]
Read More
Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 20% upside
Goldman Sachs has refreshed its lists of top global stock picks, adding some and removing others. The stocks are featured in the investment bank’s “Conviction List – Directors’ Cut,” which it says offers a “curated and active” list of buy-rated stocks. They are selected by a subcommittee in each region which “collaborate with each sector […]
Read More
Forget AI chips: These traditional semiconductor stocks are set to soar 70%, says Morningstar
Morningstar has urged investors to shift their focus away from the much-hyped AI chip sector. Instead, the equity research firm highlighted four traditional semiconductor makers it considers undervalued, with two picks potentially offering more than 70% upside. Morningstar’s note comes amid a surge in demand for AI accelerators, particularly Nvidia ‘s graphics processing units (GPUs). […]
Read More
SpaceX catches Starship rocket booster in dramatic landing during fifth flight test
SpaceX launched its fifth test flight of its Starship rocket on Sunday and made a dramatic first catch of the rocket’s more than 20-story tall booster. Elon Musk’s company launched Starship at 8:25 a.m. ET from its Starbase facility near Brownsville, Texas. The rocket’s “Super Heavy” booster returned to land on the arms of the […]
Read More
Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
Key Points For airlines, banks, electric vehicle makers, health-care companies, media firms, restaurants and tech giants, the presidential election’s outcome could result in stark differences in the rules they’ll face, the mergers they’ll be allowed to pursue, and the taxes they’ll pay. As president, Donald Trump slashed the corporate tax rate, imposed tariffs on Chinese […]
Read More
U.S. officials say Israel has narrowed down its targets for strike on Iran
Keithbinns | E+ | Getty Images U.S. officials believe Israel has narrowed down what they will target in their response to Iran’s attack, which these officials describe as Iranian military and energy infrastructure. There is no indication that Israel will target nuclear facilities or carry out assassinations, but U.S. officials stressed that the Israelis have not made a […]
Read More
UK leader Keir Starmer is marking 100 days in office. It has been a rocky ride
British Prime Minister Keir Starmer marks 100 days in office Saturday with little cause for celebration. Starmer’s center-left Labour Party was elected by a landslide on July 4, sweeping back to power after 14 years. But after weeks of stories about feuding, freebies and fiscal gloom, polls suggest Starmer’s personal approval rating has plummeted, and […]
Read More
Lithuanians vote in parliamentary election with many looking for change despite a strong economy
Winter afternoon in Vilnius, Lithuania. Loop Images | Universal Images Group | Getty Images Lithuanians voted Sunday in the first round of parliamentary elections that could lead to the center-right governing coalition being replaced by the opposition Social Democrats and smaller center-left parties. Despite economic successes, strict COVID-19 measures and an influx of migrants have […]
Read More
China’s consumer inflation cools in September, PPI deflation deepens
China’s consumer inflation rate fell in September, while producer price deflation deepened, even as Beijing rolls out more stimulus measures in a bid to revive flagging demand and shaky economic activity. The consumer price index (CPI) rose 0.4% from a year earlier last month, against a 0.6% rise in August, data from the National Bureau […]
Read More