Day: July 6, 2025
European banks saw their best first-half since 1997, but maintaining returns will be a challenge
European banks have had a bumper start to the year, outperforming almost all other sectors as investors reward a recent period of improved profitability — but analysts warn returns may not have as far to run in the second half. The Stoxx 600 Banks index has risen more than 28% in the first six months […]
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Getting to Europe is cheaper this summer — but everything costs more when you’re there
Alexander Spatari | Moment | Getty Images A last-minute summer flight to London or Rome costs less than it did a year ago, but the good news ends at the customs checkpoint. U.S. travelers to the U.K. and Europe are finding their dollars don’t go as far as they did just months ago. Exchange rates […]
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BRICS summit opens in Brazil, overshadowed by Trump’s tariff policies and Middle East tensions
Brazil’s President Luiz Inacio Lula da Silva, China’s Premier Li Qiang, India’s Prime Minister Narendra Modi, South Africa’s President Cyril Ramaphosa, Russia’s Foreign Minister Sergei Lavrov and other leaders, attend the opening meeting of BRICS Summit, at the Museum of Modern Art (MAM) in Rio de Janeiro, Brazil, on July 6, 2025. Ricardo Moraes | […]
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Bessent: Tariffs will ‘boomerang’ back to April levels by Aug. 1 for countries without deals
U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take […]
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Wimbledon: Ben Shelton pleaded for extra time off for his sister at Morgan Stanley. It worked
Shelton’s girlfriend, U.S. soccer player Trinity Rodman, and his sister Emma applaud after Ben Shelton of the U.S. won his men’s singles third-round match against Marton Fucsovics of Hungary at the Wimbledon Tennis Championships in London, on Saturday, July 5, 2025. Alastair Grant | AP Photo Ben Shelton launched a public plea for his sister […]
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Investors expect bitcoin to break out to new records in the second half from a consolidation phase
Expect bitcoin to reach fresh all-time highs in the second half of the year as corporate treasuries accelerate their bitcoin buying sprees and Congress gets closer to passing crypto legislation, investors say. The cryptocurrency climbed nearly 30% in the second quarter although, strangely, many investors have called it a period of consolidation, with returns declining […]
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If you say any of these 5 overused phrases, you may be coming off as ‘judgmental,’ says communication expert—what to say instead
You’ve probably worked hard to build positive relationships. But what if, despite your best intentions, your communication is coming off as judgmental? As the author of “Managing Up,” an executive coach to top performers at the world’s biggest companies, and a professor of human behavior, I’ve seen how certain phrases — even ones that sound […]
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Top Wall Street analysts are pounding the table on these 3 stocks
President Donald Trump’s announcement of a U.S.-Vietnam trade deal and a solid June jobs report lifted stocks last week, but investors can still find plenty of opportunities to snap up names at attractive levels. The recommendations of top Wall Street analysts can help inform investors as they search for the stocks of companies with strong […]
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Economist Nouriel Roubini sees a ‘mini stagflationary shock’ coming in the second half of 2025
An economist and investor nicknamed “Dr. Doom” sees a rough patch ahead for the U.S. economy, but isn’t advocating any panicked selling. Nouriel Roubini told CNBC that he expects the core personal consumption expenditures index — the Federal Reserve’s preferred inflation metric — to reach about 3.5% by the end of the year, and economic […]
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