(Bloomberg) — Most Asian stocks are set to fall early Monday as traders rein in expectations of Federal Reserve easing and come to terms with the cost of President-elect Donald Trump’s proposed fiscal and trade policies. Most Read from Bloomberg Australian shares fell while equity futures in Japan and mainland China pointed to losses. Contracts in Hong Kong edged higher. US futures were steady after the S&P 500 slid 1.3%
“We Will Pass Those Tariff Costs Back To The Consumer,” Says CEO Of AutoZone. Here’s A Look At Other Companies Raising Prices President-elect Donald Trump’s proposed tariffs have already begun to upend businesses in several industries and many are taking action to safeguard their profits. The tariffs, which include a 10-20% tax on all imports and a potential 60-100% on goods from China, are causing significant concern – and the
A massive recall of organic carrots and baby carrots sold at grocery stores across the country was issued by a California grower after a possible outbreak of E. coli that has already killed one person. Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states. At least 15 people were hospitalized and one person has died, the
A little over 10 years ago, I had a curious encounter on the metro in Washington, D.C., that ended up changing my life. While mindlessly scrolling on my iPhone to pass the time, I noticed a man cruising on his laptop in the seat across from me. He was wearing a black winter beanie that said “Palantir” on it. Curious about what it could mean, I went onto Google and
In the leadup to this month’s election, House Speaker Mike Johnson promised that Republicans would make “massive” changes to the Affordable Care Act if they won a government sweep. With a trifecta now in hand, the party will soon have its chance to make good on that vow. So far, GOP leaders have been vague about what exactly they might do. During his debate with Vice President Kamala Harris, President-elect
After last month’s excitement over stimulus plans, Chinese stocks now face mounting challenges as earnings have yet to pick up and heightened U.S. trade tensions loom. “Stock picking remains important with [the] headwind of tariffs, a weaker currency and persistent deflation,” Morgan Stanley chief China equity strategist Laura Wang and a team said in a report Thursday. For investment options, she referred to the firm’s survey of China stocks the
One of the most profound changes in the tech landscape over the past couple of years has been the advancements in the field of artificial intelligence (AI). There’s a strong argument that the advent of AI early last year was one of the biggest sparks that set off the current bull market rally. ChatGPT heralded the advent of generative AI, and since its release in November 2022, the S&P 500
While Jeff Bezos Rides The Stock Market Boom, MacKenzie Scott Has Just Sold $8 Billion In Amazon Shares To Fund Charities Nationwide While Jeff Bezos is enjoying the recent rise in the stock market, his ex-wife, MacKenzie Scott, is making news for her generosity. She recently sold another $8 billion worth of Amazon shares and is using the money to help charities nationwide. Don’t Miss: Scott, who was previously married
Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can ‘Buy The Dip’ Cryptocurrency enthusiasts are closely watching as both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) near critical buying levels, according to renowned analyst Michael van de Poppe. What Happened: Van de Poppe has identified that Bitcoin and Ethereum are approaching levels where purchasing on dips could prove beneficial. Van de Poppe stressed
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet to announce his preference to fill. Musk wrote that Howard Lutnick, Trump-Vance transition co-chair and
