Category: Latest News
-
Oil prices steady amid limited impact from new EU sanctions
On Monday, oil prices remained relatively unchanged as markets anticipated that the recent European Union sanctions would have only a minimal effect on Russian oil exports. By 0800 GMT, Brent crude futures had slipped 12 cents, or 0.2%, to $69.16 a barrel, after dropping 0.35% on Friday. U.S. West Texas Intermediate crude was flat at…
-
Stellantis forecasts €2.3 billion net loss in H1 amid restructuring charges
Automaker Stellantis (NYSE:STLA) announced on Monday that it expects a net loss of approximately €2.3 billion ($2.7 billion) for the first half of the year. This follows the company recording about €3.6 billion in restructuring expenses, impairment charges, and initial costs linked to U.S. tariffs. The preliminary figures mark a sharp reversal from the €5.6…
-
BP Chooses Former CRH Leader Albert Manifold as New Chairman
BP PLC (NYSE:BP) has named Albert Manifold as its next chairman, set to take over from Helge Lund on October 1, as the oil giant refocuses on its core fossil fuel business amid investor pressure. Manifold, who previously served as CEO of CRH, the building materials group (NYSE:CRH), will officially join BP’s board as a…
-
Gold Inches Up Amid Global Trade Uncertainty and Political Turmoil in Japan
Gold prices edged higher in early Asian trading on Monday, driven by rising investor caution over impending U.S. trade tariffs and Japan’s shifting political landscape following a key election result. The precious metal gained modestly as markets digested the weekend’s upper house elections in Japan, where Prime Minister Shigeru Ishiba’s Liberal Democratic Party (LDP) failed…
-
Semiconductor Sector Poised for Solid Q2, But Faces Tariff Headwinds in H2 – JPMorgan
J.P. Morgan anticipates the semiconductor industry will post second-quarter results that are in line with or slightly above expectations, fueled by robust demand for AI technologies, early signs of a cyclical rebound, and accelerated inventory purchases linked to trade concerns. Despite the upbeat near-term outlook, the bank is sounding a note of caution for the…
-
Nvidia Confronts Supply Constraints for H20 AI Chip in China – The Information
Nvidia Corp. (NASDAQ:NVDA) has informed clients in China that it currently has only a limited inventory of its H20 artificial intelligence chip, and that production will not be resuming in the near term, according to a report by The Information published Saturday. The H20 is Nvidia’s most advanced AI chip that still complies with U.S.…
-
Can Trump Prevent a New Cold War? Expert Provides Insight
Donald Trump’s potential return to the White House has sparked renewed debate about whether the U.S. can steer clear of another Cold War with China and Russia. While some experts dismiss this comparison, BCA Research believes the analogy still holds value, albeit imperfectly. “The ‘Cold War’ analogy for U.S.-China rivalry is not perfect, but should…
-
BofA Identifies Four Major Themes for Corporates Amid Trade and Economic Uncertainty
Economists have warned that U.S. President Donald Trump’s aggressive tariffs could raise inflation and slow economic growth. Yet, recent data suggests the American economy remains resilient. Retail sales outperformed expectations on Thursday, weekly jobless claims were lower than forecasted, and inflation in June stayed broadly on target—although tariffs have pushed prices higher for some goods.…
-
HSBC Highlights Need for Stronger AI Push to Drive Apple’s Hardware Sales
HSBC analysts caution that Apple’s (NASDAQ:AAPL) current AI efforts have yet to significantly accelerate iPhone upgrade rates, which still represent roughly half of the company’s revenue. Early hopes that AI integration would speed up device replacement cycles have not come to fruition, according to the bank. Apple launched its AI platform in June 2024, with…
-
Hedge Funds Increase Short Positions in Small-Cap Stocks Amid Economic Concerns
After a strong rally in smaller company shares, hedge funds are intensifying their short-selling activity, signaling growing uncertainty about the U.S. economy’s ability to withstand ongoing global trade tensions. Data from Goldman Sachs’ trading desk reveals that in July, short interest on the Russell 2000 Index climbed to $16 billion—levels not seen since 2021. At…