News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Topic: Politics (3216)

Oil Steady as Tariff Uncertainty Keeps Investors on Edge Δ1.58

Oil prices held steady on Monday as concern over the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. Brent crude was down 11 cents at $70.25 a barrel by 0856 GMT. The ongoing tariff uncertainty has created market volatility, with oil prices experiencing their seventh consecutive weekly loss.

Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days Δ1.60

Mark Carney has emerged victorious in the Canadian Liberal Party contest, securing nearly 86% of the vote to become the next prime minister. The transfer of power from Justin Trudeau is expected to take place within days, with Carney promising a robust response to US President Donald Trump's economic threats against Canada. As Carney assumes office, he will need to navigate the complex web of trade tensions and economic uncertainties created by the White House.

The Luxury Lounge Arms Race: Credit Card Perks We Are All Paying For Δ1.53

Luxury lounges are becoming increasingly common, with credit card providers competing to outdo each other with bigger and better facilities. These lounges offer a luxurious space for cardholders to relax before their flight, with amenities such as fine dining, private bars, and spa services. The cost of accessing these lounges can be steep, ranging from $550 to $3,000 per year.

Stocks Slip, Yen Gains on Trump Trade War, China Deflationary Woes Δ1.65

U.S. stock futures fell as deflationary pressures in China raised concerns about economic growth, contributing to a strengthening of the yen and Swiss franc as safe-haven currencies. Wall Street futures pointed lower, while Asian markets reflected mixed results, with Japan's Nikkei showing slight resilience amid broader regional declines. The ongoing global trade tensions and uncertainty surrounding U.S. economic policies under President Trump are exacerbating market volatility.

Japan's Real Wages Drop in January, Spring Wage Talks in Focus Δ1.53

Japan's real wages decreased by 1.8% in January after two months of marginal increases, highlighting the impact of a two-year high inflation rate on consumers' purchasing power. Although nominal wages saw significant growth, with base salary rising the most in over three decades, the inflationary pressures have overshadowed these gains, prompting labor unions to demand the highest pay hike in years. The upcoming annual wage negotiations among major firms will be crucial in determining whether the momentum in nominal wage growth can translate into sustainable improvements in real wages.

Canada Stands Firm Against US Trade Sanctions Δ1.62

Canada will maintain its retaliatory tariffs against US-made products as long as President Donald Trump pursues a trade war, said Mark Carney, Canada's new prime minister-designate. The Canadian government has already imposed 25% levies on C$30 billion worth of items, including orange juice, coffee, and fruit, in response to the Trump administration's tariffs. This move is seen as a way for Canada to assert its sovereignty and protect its interests.

European Arms Imports Soared in Past Four Years, SIPRI Think Tank Says Δ1.58

European arms imports rose 155% in 2020-24 and Ukraine has become the world's biggest arms importer following Russia's 2022 invasion. This significant shift underscores the ongoing global conflict's profound impact on international security dynamics. As a result, European countries are increasingly reliant on U.S. arms supplies to bolster their defenses.

The End of Cheap Palm Oil? Output Stalls as Biodiesel Demand Surges Δ1.54

Palm oil production growth has stagnated at 1% annually over the past four years due to slowing expansion by Indonesia and Malaysia, while biodiesel demand is driving up vegetable oil prices. The shift towards biodiesel in Indonesia, which aims to curb fuel imports and make palm oil more valuable, is making cooking oil costlier. Global demand for biofuels is expected to continue driving up the price of vegoil.

Gold Shines Bright as Biggest Jewelry Market Boosts Options Bets Δ1.51

The world's largest jewelry market in India is driving a surge in gold bets through options on gold futures, with traders and investors seeking to hedge physical holdings or speculate on price movements. The recent record-breaking prices of gold have made options trading more appealing than traditional futures contracts, which are typically cheaper but offer less flexibility. As the Indian market continues to drive demand for gold, analysts are predicting a bullish outlook for the precious metal.

UK Seeks to Scale Back Reviews that Delay New Housing Projects Δ1.57

The UK government has announced plans to reform its public review process for housing developments, aiming to reduce delays and increase the pace of construction. The proposed reforms would limit the number of agencies consulted on new housing projects and introduce stricter deadlines. This move is part of a broader effort to deliver 1.5 million homes in the next five years.

Bitcoin Falls to $81,555 Due to Global Market Volatility Δ1.52

Bitcoin, the world's largest cryptocurrency by market value, was down by around 5.47% at $81,555 at 2216 GMT on Sunday. The decline in Bitcoin's price mirrors the global market's trend of decreasing demand for cryptocurrencies due to increasing regulatory scrutiny and economic uncertainty. This decrease in investor confidence has had a ripple effect across the cryptocurrency market, with other major cryptocurrencies also experiencing significant losses.

Wall Street Strategist Sees 10%-15% Jump in Stocks Δ1.51

Tom Lee remains optimistic about the stock market despite its recent selloff, predicting a rebound soon after a brutal correction. He notes that stocks have already priced in a lot of bad news, and he believes March, April, May could be huge rally months where we're rallying 10-15%. Fundstrat Global Advisors' cofounder has built a track record recently of correctly predicting the stock market.

Asian Dividend Stocks To Enhance Your Portfolio Δ1.54

Amid global market uncertainties related to trade and inflation, Asian economies are adapting by emphasizing growth and stability, leading to an interest in dividend stocks as a means of steady income. These stocks present opportunities for investors seeking to cushion their portfolios against market volatility, with several notable picks offering attractive yields. Companies such as Chongqing Rural Commercial Bank and PAX Global Technology exemplify the potential for solid returns, although individual performances vary based on market conditions and operational factors.

Why Coca-Cola's Rally Makes PepsiCo Stock Look Even More Attractive Δ1.54

Coca-Cola's recent stock rally has prompted a reevaluation of PepsiCo's attractiveness for long-term dividend investors, as the two beverage giants exhibit contrasting price trajectories. While Coca-Cola excels in beverage production, PepsiCo's diversified portfolio includes snacks and packaged foods, positioning it as a well-rounded competitor in the market. Despite current weaknesses in PepsiCo's business, its solid track record and diversification make it an appealing option for investors looking for stability and growth.

NetClass Technology Inc (NTCL) Soared Last Week Δ1.51

NetClass Technology Inc (NASDAQ:NTCL) has surged to a 317-percent gain on the back of a $1-billion deal that could fuel its growth prospects, marking it as one of last week's top performers among micro- and small-cap firms. The company, which debuted on the US stock exchange in December 2024, successfully raised $9 million from its initial public offering to fund the development of its courseware and online technology platform. NetClass Technology Inc (NASDAQ:NTCL) ranks 10th on a list of the top performers last week.

Musk and Rubio Spar with Polish Minister Over Ukraine's Use of Starlink Δ1.60

The exchange between US Secretary of State Marco Rubio, Elon Musk, and Poland's foreign minister Radoslaw Sikorski over the use of Starlink satellite internet system in Ukraine highlights the complexities of international relations, technological diplomacy, and the role of private companies in conflict zones. The situation underscores the fragility of global supply chains, particularly in the aerospace industry, where timely delivery of parts is crucial for meeting production goals. Musk's comments on Twitter have sparked concerns about the reliability of Starlink services in Ukraine, with some experts warning that disruptions could have significant consequences for the country's military operations.

Delta Air Lines, Inc. (NYSE:DAL): A Discounted Share for a Premium Business Δ1.57

The bulls' thesis on Delta Air Lines, Inc. (NYSE:DAL) highlights the company's strong partnership with American Express, which generates significant revenue and expands its premium customer base. The airline industry's post-COVID premiumization has also contributed to DAL's growth prospects, as it capitalizes on customers seeking higher-end services like first/business class and loyalty programs. Additionally, supply chain constraints have reduced growth rates for low-cost carriers, creating an opportunity for DAL to capture market share without compromising pricing.

Small Plane Crashes Into Pennsylvania Retirement Community Parking Lot Δ1.51

A small plane carrying five individuals crashed into the parking lot of a retirement community in southern Pennsylvania, fortunately resulting in no fatalities. All passengers aboard survived and were taken to local hospitals, while a significant number of parked cars sustained damage from the incident. The cause of the crash is currently under investigation by the National Transportation Safety Board amid a series of recent aviation accidents.

Fresenius Medical Care AG (NYSE:FMS): On a Healing Path Δ1.52

The bullish thesis on Fresenius Medical Care AG (NYSE:FMS) highlights the company's substantial market potential, driven by its significant presence in dialysis services for patients with renal diseases. FMS has captured 40% of the market share and generates 80% of revenue from its Care Delivery segment, providing a stable foundation for growth. The company's recent spin-off, cost reduction efforts, and hinted share buyback program are expected to improve capital allocation and unlock value.

Space Takes Center Stage: Red Hat and Axiom Space's Quest for Secure Data Centers in Space Δ1.56

Red Hat and Axiom Space plan to send an Orbital Data Center to the ISS, which will run AI, cybersecurity, and cloud computing tests in space. The aim is to deliver secure, low latency processing off-world, enabling real-time decision-making in space with greater reliability and consistency. This initiative represents a significant step towards establishing a robust data infrastructure in space.

US to Assess Ukraine's Peace Stance in Saudi Arabia Meeting Δ1.65

U.S. officials are set to evaluate Ukraine's willingness to make concessions to Russia during a meeting in Saudi Arabia, amidst concerns that the ongoing conflict requires a realistic approach to peace negotiations. Secretary of State Marco Rubio and other U.S. representatives will engage with Ukrainian officials to gauge their commitment to improving relations and their openness to a compromise regarding territorial disputes. The discussions occur against a backdrop of skepticism from European allies, who believe that Ukraine should negotiate from a position of strength rather than haste.

Boost for Centrelink Recipients Comes in Weeks Δ1.51

Centrelink recipients will get a small boost to their payments in less than two weeks, as part of the government's effort to ease pressure on social security safety nets. The payment increase is expected to bring some relief to millions of Australians struggling with rising costs of living. This critical cash boost is designed to help pensioners and other payment recipients battle against inflation.

Japan's Service Robot Market Projected to Triple in Five Years Δ1.50

The Japanese service robot market is expected to nearly triple by 2030, driven by the need to supplement a workforce facing an aging population and labor shortages, research firm Fuji Keizai has projected. The country's population is rapidly aging, with nearly 40% of citizens expected to be 65 or older by 2065, and robots are being used to fill the gap in labor, particularly in industries such as hospitality and healthcare. As a result, businesses are turning to service robots to support their operations.

Corn Futures Spooked by Tariffs Sent Bulls Running for the Hills Δ1.57

An imminent trade war between the United States and its two largest agricultural trading partners sent bullish Chicago corn speculators running for the hills last week. Most-active CBOT corn futures plunged 8.6% in the week ended March 4, their biggest such downturn since mid-2023. The market reaction was harsh, especially with Mexico the top destination for U.S. corn. Money managers during the week slashed their net long in CBOT corn futures and options to 219,752 contracts from 337,454 a week prior.

4 Six-Figure Jobs That Are in High Demand in 2025 Δ1.54

Prospective employees are finding better opportunities in certain fields, with four six-figure jobs projected to be in high demand by 2025. High growth rates and significant annual salary offerings characterize these roles, including operations managers, registered nurses, software developers, and education administrators. As the job market evolves, these positions highlight emerging trends and needs within various industries, indicating a shift in workforce demands.

Global Commodity Markets Set for Shift as Oil Supplies Rise and Prices Fall Δ1.62

Oil supplies are on the way up, with prices dropping below $70 a barrel, giving little incentive for US shale drillers to increase production. The increasing output of President Donald Trump's America is expected to have a lasting impact on global energy markets, but its effects will depend on how long this period of influence can last. As the industry adjusts to new dynamics, companies are also navigating changing commodity prices and trade policies that could affect the market.

Tesla's Resilience Amid AI Selloff Sparks Hope for Long-Term Growth Δ1.54

Tesla Inc (NASDAQ:TSLA) continues to attract retail traders, with a significant number of hedge funds investors maintaining their "buy" rating for the stock. Gene Munster and Steve Sosnick, prominent analysts, believe that retail traders are not abandoning Tesla, citing the company's strong fundamentals and growth potential in AI and robotics. Despite concerns about stagnant product lineup and declining market share in Europe, Tesla's resilience in the current AI selloff may indicate a long-term bullish trend for the stock.

Trump's Tariff Delay Gives America's Favorite Truck Temporary Relief Δ1.61

The Chevrolet Silverado, one of America’s best selling pickup trucks, received a month-long reprieve Thursday when President Donald Trump announced a delay on tariffs for Mexican imports covered by the United States-Mexico-Canada Agreement trade agreement until April 2. The decision temporarily shields the iconic vehicle from price hikes that threaten to disrupt its international supply chain and potentially drive its $40,000 to $70,000 sticker price even higher. This reprieve may be a short-term boon for GM, but it could also create long-term uncertainty for the company's global production and profitability.

Clashes Continue in Eastern Congo Days After Attack on Civilians Left Many Dead Δ1.52

Fighting between M23 rebels and pro-Congo militias was underway on Sunday in Nyabiondo, about 100 km (62 miles) north of Goma in eastern Congo, residents said, days after a nearby attack left a heavy civilian death toll, according to the United Nations and an NGO. The Rwanda-backed rebel group M23 has seized swathes of mineral-rich eastern Congo since the start of the year. US officials have expressed interest in exploring critical minerals partnerships with the Democratic Republic of Congo.

TKer: When Uncertainty Becomes Unambiguously High Δ1.53

Discussions surrounding stock market uncertainty often miss the mark, with many commentators mistakenly suggesting that elevated uncertainty is an anomaly rather than a constant state of affairs. Historical events, like the onset of the COVID-19 pandemic, serve as stark reminders of periods where uncertainty sharply escalated, leading to widespread corporate guidance withdrawals and economic disruption. As companies grapple with the implications of unpredictable market conditions, the challenge lies in accurately assessing and communicating future performance amidst pervasive uncertainty.

Trump Says US Economy Faces ‘Transition,’ Avoids Recession Call Δ1.66

The US economy is bracing for an uncertain period, with President Trump attributing recent market volatility to "big" changes that will ultimately boost growth. The president's comments, while avoiding a recession call, are part of a broader narrative centered on tax cuts and tariff revenue as the driving force behind economic renewal. Trump's approach remains at odds with concerns from top administration officials about the need for "detox" from public spending.

Mexico's Sheinbaum Rallies National Pride After US Tariff Reprieve Δ1.67

Mexican President Claudia Sheinbaum has successfully navigated a contentious standoff with the United States, leveraging diplomatic skills to secure a temporary pause on tariffs and reinforce her nation's sovereignty. Her calculated approach has not only averted economic disruption but also rallied Mexican citizens around a shared sense of national pride and independence. The outcome serves as a testament to the enduring power of respectful dialogue in international relations.

Indian Markets Sensitive to Global Economic Tures Δ1.55

Indian stock markets and the rupee have been reacting sharply to recent global economic developments, with investors taking a cautious view ahead of key earnings reports from major Indian companies. The value of the rupee has also been impacted by changes in oil prices and interest rates. The impact of these factors on India's economy is expected to be significant, with experts warning that the country may face a period of slow growth.

Colossal CEO Ben Lamm Says Humanity Has a 'Moral Obligation' To Pursue De-Extinction Tech Δ1.54

Colossal CEO Ben Lamm emphasized the need for humanity to invest in de-extinction technologies, citing the failure of modern conservation efforts and the potential benefits of bringing back extinct species. The company aims to use genetic editing techniques to revive the wooly mammoth, dodo bird, and Tasmanian tiger, among others. Lamm also expressed his optimism about the future, predicting significant advancements in synthetic biology and its applications.

US Open to Minerals Partnerships with Democratic Republic of Congo Δ1.58

The United States is considering potential partnerships with the Democratic Republic of Congo (DRC) regarding its rich mineral resources, including cobalt, lithium, and uranium, amid ongoing regional instability due to M23 rebel activity. A Congolese senator has proposed a minerals-for-security deal, reflecting the DRC's desire to diversify its international partnerships while attracting U.S. investment in its mining sector. The U.S. State Department has expressed openness to discussions, emphasizing the need for responsible and transparent development of the DRC's mineral assets.

Kantar Owners Bain, WPP Plan Break Up and Sale of Group, FT Says Δ1.52

Bain Capital and WPP Plc are planning to break up and sell market research company Kantar Group, the Financial Times reported, citing people with knowledge of the matter. The move is seen as a strategic shift for both companies, allowing them to focus on their core businesses and potentially unlock value from Kantar's assets. This development has significant implications for the market research industry, with potential buyers eyeing the company's diverse portfolio of brands and data.

Artisan Partners Opposes Japan Retailer Seven & I's CEO Choice Δ1.50

Artisan Partners has publicly opposed the appointment of Stephen Dacus as CEO of Seven & i Holdings, arguing that the company should reconsider a $47 billion takeover offer from Alimentation Couche-Tard to enhance shareholder value. The investor plans to vote against Dacus and other members of the nomination committee at the upcoming annual general meeting, highlighting concerns over the company's declining share price relative to Couche-Tard's offer. This situation raises questions about the strategic direction of Seven & i and the potential implications of rejecting outside investment.

Seven & I's Future at Stake as Artisan Partners Opposes CEO Succession Plan Δ1.50

Artisan Partners, a U.S.-based investor in Seven & i Holdings, has opposed the Japanese retailer's CEO succession plan and urged the company to reconsider a takeover offer. The activist investor, which is among Seven & i's foreign investors, has expressed its concerns over the company's focus on its core convenience store business. Artisan Partners will vote against Dacus at the company's upcoming annual general meeting, citing his inability to secure financing for a $58 billion management buyout last month.

Romanian Far-Right Candidate Barred From May Presidential Vote Δ1.58

The rejection of Calin Georgescu's candidacy in Romania's presidential election re-run has significant implications for the country's democratic process and the role of populism in European politics. The ruling party has long been accused of suppressing opposition voices, and this move may further erode trust in the electoral system. Georgescu's supporters have condemned the decision as undemocratic and are likely to challenge it at the constitutional court.

Samsung Signs Patent Deal to Use China's YMTC Bonding Tech Δ1.52

YMTC, a Chinese storage company, holds critical patent on bonding technology essential for 400-layer NAND. Samsung has signed an agreement with YMTC to use its hybrid bonding tech, preventing infringement claims in production of 400-layer NAND. The deal may be influenced by US-China trade tensions, which have impacted YMTC's ability to sell memory components outside China.

Best Buy's Massive Apple Sale Ends Today: Black Friday Prices on AirPods, MacBooks and iPads Will Be Gone Forever Δ1.51

Best Buy is clearing out its entire stock of Apple devices at record-low prices, with discounts that beat last year's Black Friday offers. The retailer has launched a massive sale on Friday, slashing prices on best-selling devices such as AirPods, iPads, MacBooks, AirTags, smartwatches, and the new iPhone 16e. This sale is a rare opportunity for consumers to snag some of Apple's most popular products at unbeatable prices.

Hisense Hit with Class Action Lawsuit over Misleading QLED TV Claims, Buyers May Be Affected Δ1.51

Hisense is facing a class action lawsuit over misleading QLED TV advertising, alleging false claims about Quantum Dot technology. A prior lawsuit has also accused Hisense of selling TVs with defective main boards. The company's marketing practices have raised concerns among consumers, who may be eligible for repairs or refunds depending on the outcome of the lawsuit.

Protesters Target Tesla and Elon Musk in Portugal Ahead of Snap Election Δ1.56

Dozens of demonstrators gathered at the Tesla showroom in Lisbon on Sunday to protest against CEO Elon Musk's support for far-right parties in Europe as Portugal heads toward a likely snap election. Musk has used his X platform to promote right-wing parties and figures in Germany, Britain, Italy and Romania. The protesters are concerned that Musk's influence could lead to a shift towards authoritarianism in the country.

Shareholder Pushes Seven & I to Engage With Couche-Tard Δ1.53

A shareholder in Japan’s Seven & i Holdings Co. is urging the company to more thoroughly engage with Alimentation Couche-Tard regarding its $47.5 billion acquisition proposal. Artisan Partners Asset Management has raised concerns about potential conflicts of interest within the board, particularly relating to the role of CEO Stephen Dacus in handling the bid. This pressure comes as Seven & i undertakes significant restructuring efforts aimed at unlocking shareholder value while resisting Couche-Tard's offer.

US Authorities Arrest Palestinian Student Protester at Columbia University, Students Say Δ1.61

The detention of Mahmoud Khalil appears to be one of the first efforts by Donald Trump's administration to fulfill its promise to seek the deportation of foreign students involved in pro-Palestinian protests. Khalil, a graduate student and prominent negotiator for pro-Palestinian protesters, was arrested on Saturday by US Department of Homeland Security agents at his university residence. The arrest has sparked widespread concern among students and critics who see it as an attempt to silence dissenting voices.

Trump's Tariff Policy Faces Resistance From US Steelmakers and Global Trade Experts Δ1.60

US Commerce Secretary Howard Lutnick has signaled that the scheduled 25% tariffs on steel and aluminum imports, set to take effect on March 12, will not be reprieved. The levies, ordered by President Donald Trump in February, have been met with resistance from US steelmakers who argue they risk hitting domestic companies that use aluminum and steel. Lutnick attributed the policy to cracking down on countries like Russia and China bypassing existing duties.

Strong U.S. Jobs Report Bolsters Case for Further Fed Tightening Δ1.63

The strong labor market numbers, which included a higher-than-expected employment rate and wage growth, suggest that the Federal Reserve may need to tighten monetary policy further to keep inflation under control. With unemployment rates at historic lows and workers increasingly seeking higher-paying jobs, policymakers are under pressure to balance economic growth with price stability. The Fed's actions will have far-reaching implications for interest rates, consumer spending, and the overall economy.

Ecuador President Says No to Deported Migrants of Other Nationalities Δ1.55

Ecuador's decision not to receive deported migrants of other nationalities marks a significant shift in the country's asylum policy, as President Daniel Noboa prioritizes the welfare of his own citizens. This move is seen as a response to growing concerns about the treatment of migrant workers in Ecuador, who have been subjected to abuse and exploitation by some employers. By refusing to accept deportees from other countries, Noboa aims to protect the rights of Ecuadorian citizens.

Angel Investor Shares Cautionary Advice for LGBTQ Founders Δ1.52

Elliot Tomaeno, an angel investor, has advised LGBTQ founders to navigate the current political landscape with caution, especially in light of the uncertainty surrounding LGBTQ rights under the Trump administration. He emphasizes the importance of avoiding political controversies unless integral to the business, suggesting that staying out of politics could mitigate risks for startups seeking funding. Tomaeno acknowledges that while some founders may find this guidance disempowering, unique and authentic messaging can resonate positively with audiences when delivered thoughtfully.

Musk Loses Billions as Tesla Shares Get Hammered Δ1.55

Elon Musk's net worth has significantly decreased as Tesla Inc. shares continue to decline, with his wealth dropping by $121.2 billion from its peak, although he remains the world's richest individual. The company's stock is down 35% this year, compounded by external pressures such as protests against Musk's influence on government and the broader economic concerns affecting the stock market. Despite these losses, Musk's wealth still surpasses that of the second-richest billionaire, Mark Zuckerberg, by over $100 billion.