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Topic: Finance (1461)

Trump Will Host Crypto Summit at the White House Next Friday Δ1.62

President Trump will host the White House's first cryptocurrency summit next Friday, further solidifying his support for the industry and its leaders. The event aims to establish a clear regulatory framework that promotes innovation while protecting economic liberty. The summit is seen as a departure from the Biden administration's tough regulatory approach.

China's Manufacturing Activity Rises at Fastest Pace in 3 Months as Us Tariff War Looms Δ1.62

China's manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production, an official factory survey showed on Saturday. The reading should reassure officials that fresh stimulus measures launched late last year are helping shore up a patchy recovery in the world's second-largest economy. Whether the upturn can be sustained remains to be seen amid a trade war that was kicked off by U.S. President Donald Trump's first salvo of punitive tariffs.

China Manufacturing Hits 3-Month High but Us Tariff War Clouds Outlook Δ1.65

China's manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production. The official purchasing managers' index (PMI) rose to 50.2 in February, beating analysts' forecasts, but doubts remain about whether this upturn can be sustained amid a trade war with the US. Chinese policymakers are expected to announce economic targets and fresh policy support next week, which investors will watch closely for signs of further support for the struggling property sector.

South Korea Exports Barely Grow in February as Trump's Tariffs Weigh Δ1.62

South Korea's exports saw minimal growth in February, registering a 1.0% increase year-on-year, which fell short of the anticipated 3.8% rise, primarily due to weakened demand amid the ongoing trade tensions initiated by U.S. tariffs. Shipments to China, South Korea's largest market, declined by 1.4%, while exports to the United States slightly increased by 1.0%, highlighting the varying impacts of tariffs on different trading partners. The overall economic landscape reflects the challenges faced by South Korea as it navigates through the complexities of international trade dynamics influenced by U.S. policies.

Boost for Growth Or Path to Unprecedented Debt? Δ1.68

President Trump's tax plan could reduce federal revenue by $5 trillion to $11.2 trillion over the next decade, according to estimates from the Committee for a Responsible Federal Budget. This plan would effectively increase the nation's debt by eliminating current or anticipated revenue sources and includes extending tax cuts from the 2017 Tax Cuts and Jobs Act. Critics warn that there are severe fiscal consequences, particularly in regard to rising the national debt.

The $1,000 a Month Rule for Retirement Planning Δ1.65

Retirement planning requires careful consideration of income sources, expenses and long-term financial stability. The $1,000 a month rule is a simple guideline that can help you estimate how much savings you need to generate sustainable income. According to this rule, for every $1,000 in monthly retirement income you want, you should aim to have about $240,000 saved. This rule assumes a 5% annual withdrawal rate and a 5% annual return.

'State Street Drops Diversity Targets for Corporate Boards' Δ1.62

State Street's asset management unit has dropped targets for the number of women and minority directors who should serve on corporate boards, according to new proxy voting guidance posted on its website. The change was made in line with other major asset managers under political pressure, but it is striking given State Street's previous efforts to increase gender diversity through its "Fearless Girl" statue campaign. The global proxy voting policy of State Street Global Advisors now relies on board nominating committees to determine composition, rather than setting specific targets.

Wall Street Is Shying Away From the 'Mag-7' As $1.4 Trillion in Value Leaks Out Δ1.66

The once-dominant tech giants that have led Wall Street for two years are experiencing a significant loss of grip, with the Magnificent Seven stocks shedding about $1.4 trillion in market value since December. Tech giants that were previously unassailable, such as Apple and Google, are now facing increasing competition from emerging players like BYD and smaller privately held tech companies. The shift in investor sentiment is also reflecting a broader repositioning of funds into other sectors, with U.S. bank stocks and healthcare companies attracting significant inflows.

Why Fubotv Stock Plummeted Today Δ1.60

FuboTV's stock declined by 13.9% following the release of its fourth-quarter earnings, which, despite a narrower-than-expected adjusted loss, revealed disappointing revenue figures that fell short of market expectations. The company's guidance for the upcoming quarter indicated low growth prospects, with anticipated declines in subscriber numbers contributing to negative sentiment among investors. Although FuboTV's stock has seen a 52% increase this year due to a partnership with Disney, significant challenges loom as the company faces potential headwinds in maintaining subscriber growth.

Assurance Healthcare Sees Slim Profit Margin Amid Revenue Surge Δ1.62

Assurance Healthcare, a healthcare services provider, reported a slim profit margin of S$0.004 loss per share for its full year 2024 earnings, up 100% from FY 2023. The company's net loss narrowed by 38% compared to the previous year, despite a significant increase in revenue. However, the company's performance is still plagued by concerns about its operational efficiency and ability to maintain profitability.

Why Wall Street Analysts Say Nvidia Could Be a Deepseek 'Beneficiary' Δ1.60

Nvidia's stock has faced significant volatility following Chinese startup DeepSeek's claims of its AI model's capabilities, with some analysts expressing concerns that demand for Nvidia's advanced chips could slow. However, many experts believe that Nvidia stands to benefit from DeepSeek's emergence and growing competition in the AI market. Despite the recent downturn in shares, analysts remain optimistic about Nvidia's long-term prospects.

Portugal's Strong External Financial Position Leads to Credit Upgrade Δ1.69

Global ratings agency S&P upgraded Portugal to "A" from "A-" with a positive outlook, citing improvements in the country's external financial position and reduced liquidity risks. Despite geopolitical uncertainty, particularly around potential U.S. tariffs on the EU, S&P remains optimistic about Portugal's economic growth. The rating agency expects Portugal's government debt reduction to be slow in 2025-2028 as inflation dwindles and economic growth rates normalize.

Illicit Crypto Transactions Skyrocketed in 2024, Forecasts Suggest 51 Billion Dollar Increase Δ1.61

Illegal cryptocurrency transactions reached as high as $40 billion in 2024, with estimates suggesting this figure could rise to around $51 billion in 2025. The shift away from Bitcoin and towards stablecoins is a notable trend, with stablecoins now accounting for 63% of all criminal transactions. This represents a significant decrease from the 70% of crimes that were committed using Bitcoin four years ago.

Blackrock Adds Spot Bitcoin Etf Ibit to Model Portfolios Δ1.63

BlackRock has added its spot bitcoin ETF IBIT to two of its model portfolios, allowing investors more opportunities to access cryptocurrency. The addition is part of the company's strategy to diversify portfolios with alternative assets. The move comes as spot bitcoin ETFs have seen record outflows amid a slump in the price of bitcoin.

Sec Raises Concerns About New Private Credit Etf Δ1.61

The US Securities & Exchange Commission has sounded the alarm about aspects of the first broad private credit market exchange-traded fund, raising concerns about liquidity and compliance with valuation rules. Analysts describe the move as highly unusual, given that the ETF had already launched and was trading. State Street Global Advisors, the issuer of the SPDR SSGA Apollo IG Public & Private Credit ETF, has been asked to address "significant outstanding issues" identified by the SEC.

Mntn, Adtech Platform Linked to Ryan Reynolds, Files for Us Ipo Δ1.62

MNTN has filed for an initial public offering in the United States, seeking to raise capital as brands refocus their marketing strategies on connected TVs amid accelerating cord-cutting trends. The company's revenue grew nearly 28% last year to $225.6 million, with a net loss narrowing to $32.9 million compared to $53.3 million the previous year. As MNTN prepares to list its shares on the New York Stock Exchange, it faces an IPO market influenced by trade policy uncertainty.

Tsmc (Tsm) Stock Sinks as Market Gains: Here's Why Δ1.64

TSMC's stock has declined by 13% over the past month, trailing its industry and sector peers, amidst a rising market. The chip company's upcoming earnings report will be closely watched by investors, with analysts expecting year-over-year growth of 47.1% in earnings per share. The stock currently holds a Zacks Rank of #2 (Buy), reflecting its forward P/E ratio and PEG ratio.

Career Advice From 10 Black American Power Brokers Δ1.63

Ten influential Black American corporate executives share invaluable insights on wealth accumulation, business development, and career growth, emphasizing the importance of self-belief and aligning personal values with corporate missions. Their collective advice highlights the necessity of gratitude and joy in navigating challenges, as well as the understanding that leadership involves recognizing one’s limitations and embracing continuous growth. As they confront current diversity and inclusion challenges, these leaders advocate for authenticity and resilience in the corporate landscape.

Mars to Issue up to $40 Billion Bond Sale Amid Acquisition Financing Boom Δ1.61

Mars, the family-owned candy giant, is preparing to sell bonds worth between $25 billion and $30 billion as soon as next week to help finance its takeover of Pringles maker Kellanova. The bond sale, which could feature among the top 10 largest M&A financing deals in the investment-grade bond market since 2013, would headline a $40 billion rush of acquisition financing bonds. If successful, the deal would be part of a larger trend of companies issuing large amounts of debt to finance acquisitions.

Us Stagflation Fears Rise with Latest Economic Data Δ1.71

A string of recent US data showing resurgent inflation and slowing activity is stoking fears the world’s biggest economy could be heading toward a period of stagflation. Economists caution against making too much of one month’s data, especially when skewed by factors like freezing weather. The Federal Reserve would face a tough choice between supporting the labor market or finishing its years-long inflation fight.

Yhi International Posts 7.8% Revenue Growth but Shrinks Profit Margin Δ1.63

YHI International (SGX:BPF) reported a 7.8% increase in revenue to S$406.5m for the full year 2024, driven by higher sales and a stronger product mix. The company's net income, however, declined 27% to S$9.58m due to increased expenses. The profit margin dropped from 3.5% in FY 2023 to 2.4%, as the company struggled to maintain its financial discipline.

Rise of the Software Giants: Frog Emerges as Top Performer Δ1.61

JFrog Ltd. (NASDAQ:FROG) stands out as one of the best-performing software stocks to buy according to analysts, driven by its innovative approach to continuous integration and delivery. The global software market is expected to surge to $2.25 trillion by 2034, with a compound annual growth rate (CAGR) of 11.8%. As digital transformation continues to accelerate, companies like JFrog are poised to benefit from the growing demand for software solutions.

Bitcoin Falls Hard in February to Close Worst Month Since June 2022 Δ1.61

Bitcoin fell roughly 17% in February to around $84,000 — the cryptocurrency's biggest drop over one month since June 2022. The sharp sell-off in crypto on renewed tariff fears shows that Bitcoin, and even altcoins, are now entirely driven by politics. This was never the intention for Bitcoin — indeed, it was designed as an anti-political asset — but this is where we are right now.

Construction Industry Sees Glimmer of Hope Amidst Uncertainty Δ1.69

The construction industry is experiencing a resurgence, driven by robust fundamentals and positive indicators such as steady growth in non-residential building spending and healthy employment numbers. The sector's ongoing resilience and adaptability have created a strong foundation for sustained growth, despite uncertainty surrounding tariffs and interest rates. With government spending and potential interest rate relief providing stability, the industry is well-positioned to thrive in 2025.

Emerging Markets Rattled on Threats to Trade, Ukraine Deal Δ1.67

Emerging markets are reeling from investor concerns over US President Donald Trump's trade threats and the fading prospect of a Ukraine ceasefire, leading to their biggest drop since August. The turmoil follows Trump's announcement of further tariffs on China, along with plans for levies on imports from Mexico and Canada in the coming week. As tensions between the world's two largest economies continue to escalate, emerging markets are feeling the pinch.

France's Debt Woes Spark Negative S&p Outlook Δ1.70

S&P has revised its outlook on France to negative from stable, citing rising debt, political gridlock, and uncertain growth. The agency also affirmed its rating for France at 'AA-/A-1+' after cutting it from AA last May. France's public finances have spiralled out of control due to a political crisis that left four successive governments paralysed.

Hedge Funds Ramp up Bets on Falling Stocks Δ1.70

Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday. Hedge funds turned increasingly pessimistic about various sectors, including healthcare, technology, and large-cap equities, with short positions rising to near record highs. The gloomy sentiment was spread across all geographic regions, but particularly in North America and parts of Asia.

Cds without Minimum Deposit Requirements Δ1.64

A variety of banks offer certificates of deposit (CDs) with no minimum deposit requirements, providing new savers with access to higher interest earnings without the need for significant upfront funds. These CDs often come with competitive APY rates and flexible term lengths, making them an attractive option for those seeking easy savings solutions. By avoiding traditional minimum deposit requirements, these banks are expanding their customer base and promoting financial inclusion.

Consistent Moneymakers: Philip Morris, Cme Group, and Caretrust Reit Are Consistent Moneymakers Δ1.66

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Philip Morris, CME Group, and CareTrust REIT have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 4%.

Tsx Recoups Much of February Decline as Financials Rally Δ1.69

Canada's main stock index rose on Friday, clawing back much of its monthly decline, led by gains for financial and industrial shares after domestic data showed the economy growing more strongly than expected. The S&P/TSX composite index ended up 265.21 points, or 1.1%, at 25,393.45. This upward trend is largely attributed to improved bank earnings, which provided a measure of relief that the economy may be on a better footing than initially thought.

Macroeconomics Will Grow Even More Important Next Month as Traders Move On From Earnings Δ1.75

Macroeconomics will play a more prominent role in the market next month as traders transition from quarterly earnings reports to focus on the Federal Reserve's policy meeting, which will determine the trajectory of economic growth. The upcoming event is expected to draw significant attention, with investors closely watching for any indications of changes in monetary policy that could impact interest rates and corporate earnings. As investors adjust their expectations, macroeconomic indicators are likely to become increasingly important in shaping market sentiment.

Stock Market Today Recovers From Volatile Week, Losing Month Δ1.70

The stock market concluded a volatile trading day with gains in all three major gauges, reversing earlier losses and ending February on a relief note after a sharp weekly and monthly loss. The S&P 500 rose 1.6%, the Nasdaq Composite gained 1.5%, and the Dow Jones Industrial Average climbed 1.3%. However, markets wrapped up the month with significant losses, with the Nasdaq shedding close to 5% in February, while the S&P 500 and Dow suffered drops of around 2%.

Stock Market Sees Rally After Volatile Week, Losing Month Δ1.70

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all closed with gains on Friday, reversing earlier losses and capping a losing month for Wall Street. Investors are waiting anxiously for the release of the Federal Reserve's preferred inflation gauge, while also grappling with President Trump's latest trade threats, which have sparked concerns about a global economic slowdown. The rally comes as markets rebound from sharp weekly and monthly losses caused by tariff moves.

Nvidia Regains $3 Trillion Market Cap Amid Investor Confidence Δ1.61

Nvidia shares rebounded 3.9% on Friday, pushing the tech giant back into the $3 trillion market cap club with Apple, despite a recent slump that wiped out about $273 billion in value and brought the company's market cap to $2.94 trillion. The company reported strong quarterly earnings, with revenue jumping 78% from a year earlier to $39.33 billion, driven by its data center business which saw revenue soar 93% on an annual basis. Nvidia CEO Jensen Huang signaled confidence in the company's future growth, citing strong demand for its chips and a strong quarter ahead.

Walgreens Stock Just Crashed 5.4% -- Here's the Shocking Reason Investors Are Panicking Δ1.61

Walgreens Boots Alliance experienced a decline of 5.4% following Deutsche Bank's decision to downgrade the stock from Hold to Sell, accompanied by a reduction in the price target to $9 from $11. Analyst George Hill expressed skepticism regarding the potential buyout by Sycamore Partners, describing it as "incredibly complicated" and unlikely to offer a premium over the current share price. The proposed deal is plagued by challenges within Walgreens' core U.S. business, including substantial debt, opioid-related liabilities, and a pending $2.7 billion IRS tax dispute.

Wells Fargo Drops Financed Emissions Target Amid Esg Rethink Δ1.67

Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The bank's decision to abandon this goal comes at a time when political sentiment in Washington has shifted, with President Donald Trump withdrawing from the Paris Agreement and severing international partnerships on climate. As a result, financial heavyweights such as BlackRock are re-evaluating their environmental commitments.

Wells Fargo Drops Financed Emissions Target Amid Esg Rethink Δ1.67

Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities. The bank's decision comes after President Donald Trump withdrew from the Paris Agreement and severed international partnerships on climate, leading to a shift in political sentiment in Washington. Wells Fargo's move underscores the financial industry's re-evaluation of environmental, social, and governance (ESG) commitments.

Government Shutdown Looms: Republicans' Last-Minute Demands Raise Risk Δ1.61

Two Democrats in Congress said on Friday that Republicans have raised the risk of a government shutdown by insisting on including cuts made by President Donald Trump's administration in legislation to keep the government operating past a mid-March deadline. Senator Patty Murray of Washington and Representative Rosa DeLauro of Connecticut, the top Democrats on the committees that oversee spending, stated that the Republican proposal would give Trump too much power to spend as he pleased, even though Congress oversees federal funding. Lawmakers face a March 14 deadline to pass a bill to fund the government, or risk a government shutdown.

Us Tariff Threats Slam Oil Prices Down Δ1.67

Oil posted its largest monthly loss since September as escalating tariff threats from President Trump reduced investors' risk appetite, strengthened the dollar, and clouded the outlook for energy demand. The US relies heavily on oil imports from Canada and Mexico to feed its refineries, which could raise oil costs if tariffs are imposed. Meanwhile, higher charges on all other goods pose risks to economic growth and consumer confidence.

Trump-Zelensky Oval Office Showdown Unravels Global Markets Δ1.65

Investors were unnerved on Friday after Ukrainian President Volodymyr Zelenskiy's meeting with U.S. President Donald Trump ended in disaster, adding uncertainty to financial markets already jittery due to weakening economic data and volatility around U.S. trade policies. The two leaders traded verbal blows before the world's media at the White House, pushing markets to react with a risk-off bid for safe-haven Treasuries as the public spat added uncertainty over the prospect of a peace deal with Russia. Benchmark 10-year Treasury yields declined after the confrontation, reflecting market anxiety about Trump's unpredictable approach to diplomacy.

Investors Unnerved by Heated Trump-Zelensky Oval Office Showdown Δ1.63

The intense confrontation between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump has sent shockwaves through financial markets, adding to the existing uncertainty surrounding economic data and trade policies. The public spat has raised concerns about the prospect of a peace deal with Russia, potentially delaying progress on this front. The market's reaction, characterized by a risk-off bid for safe-haven Treasuries, suggests that investors are becoming increasingly cautious.

CFPB Drops Lawsuits Against Major Firms in Shocking Shift Δ1.67

The Consumer Financial Protection Bureau (CFPB) has dismissed at least four enforcement lawsuits against major financial institutions, including Capital One and Berkshire Hathaway-owned Vanderbilt Mortgage & Finance, marking a significant shift in the agency's direction since its new acting director took over this month. The dismissals come after the CFPB's former head of enforcement stated that the agency had never seen such a rapid pace of dismissals before. This abrupt change raises concerns about the bureau's commitment to consumer protection and enforcement.

China Tech Soars in 2025 as Ai, Evs and Ar Lead the Way. Δ1.63

China's technology landscape in 2025 showcases remarkable advancements across multiple sectors, with the nation steadily positioning itself as a global technology powerhouse. Tech giants, including Tencent Holdings TCEHY, Alibaba BABA, Baidu BIDU, JD.com JD and PDD Holdings PDD, are making waves to capitalize on this technological renaissance, strategically investing in AI infrastructure and emerging technologies to strengthen China's digital ecosystem. The company's cost-effective AI architecture demonstrates that competitive AI models can be built at a fraction of Western competitors' costs.

U.S. GDP Growth on Track for Negative First Quarter, Atlanta Fed Indicator Says Δ1.71

The central bank's GDPNow tracker is indicating that gross domestic product is on pace to shrink by 1.5% for the January-through-March period, according to a Federal Reserve Bank of Atlanta measure. Early economic data for the first quarter of 2025 is pointing towards negative growth, with consumers spending less than expected during inclement January weather and exports being weak. The downgrade coincides with some other measures showing a growth slowdown.

Brazil's Finance Minister Isolated as Market Fears of a Leftist Pivot Mount Δ1.64

Brazil's recent cabinet reshuffle has diminished Finance Minister Fernando Haddad's support, raising concerns over President Luiz Inacio Lula da Silva's commitment to moderate fiscal policies amidst a push for increased state spending. Haddad's moderate approach faces internal opposition from Lula's inner circle, particularly with the appointment of Gleisi Hoffmann, a proponent of expansive fiscal measures, as the new minister of Institutional Relations. As inflation pressures grow and the political landscape shifts toward populism, Haddad’s ability to maintain fiscal discipline appears increasingly precarious.

Cfpb Drops Enforcement Action Against Transunion Δ1.61

The US Consumer Financial Protection Bureau on Friday dropped an enforcement action against consumer credit bureau TransUnion, adding to the embattled agency's mass dismissal of cases against financial companies accused of cheating consumers. The CFPB had brought the case in 2022, accusing the company and longtime executive John Danaher of violating a 2017 order against deceptive marketing practices. However, Russell Vought, the agency's acting director, decided to continue a 2022 case against fintech lender MoneyLion.

“It’s a Very Tricky Path”: What Trump Could Mean for the Irish Economy Δ1.63

Ireland's economy faces significant uncertainty as it navigates the complex web of trade tensions between the EU and US under President Trump's administration. The EU is walking a diplomatic tightrope, seeking to avoid a trade war that could hit Ireland hard due to its highly export-orientated economy. With the value of Irish goods sent to the US increasing by 34% in 2022, Ireland's reliance on US imports and exports makes it vulnerable to changes in trade policies.

Abbvie's Next Big Moneymaker? This Drug Just Took a Huge Step Toward Approval Δ1.60

AbbVie has received a positive opinion from the European Medicines Agency for its drug upadacitinib (RINVOQ), potentially positioning it as a leading treatment for giant cell arteritis (GCA). If approved by the European Commission, upadacitinib would be the first oral advanced therapy for GCA, marking a significant advancement in AbbVie's immunology portfolio amid rising competition from biosimilars. This development could drive AbbVie's growth trajectory, making it a key player in the biopharmaceutical sector.

Crypto Chaos: Revenge Thriller for the Digital Age Δ1.61

Cold Wallet turns the real perils of crypto investing into a darkly funny home invasion thriller, highlighting the absurd choices made by retail investors in pursuit of quick profits. The film's heroes are more cartoonish than complex, but their desperation feels all too real as they try to recoup losses from a failed investment. By amplifying the absurdity of crypto hype and the dangers of getting in over one's head, Cold Wallet taps into something relatable about the human experience.

Egg Shortage Eases Later This Year Amid Vital Farms' Plans Δ1.60

Vital Farms, a premium egg producer, reported an update on its bird flu-caused egg shortages and delivered results that suggest some improvement later this year. The company's CEO, Russell Diez-Canseco, stated that industry supply will remain under pressure due to the impact of bird flu on poultry flocks across the US, but expects supply chain investments to start bearing fruit as the year progresses. Vital Farms' stock rose 4% following its fourth-quarter results, which showed revenue rising 22.2% to $166 million.