As we enter the second half of 2023, the future of U.S. auto sales remains uncertain. While the first half of the year showed a modest increase of 2.9% compared to the previous year, there are growing concerns that this momentum may not be sustained. Factors such as increasing vehicle inventory levels and incentives, alongside
potential
Asian stocks experienced a positive trend on Tuesday, bouncing back from recent losses as investors shifted their focus to potential developments in the ongoing trade war between China and the West. With Chinese markets stabilizing after a period of steep declines, optimism began to emerge as Chinese and European ministers engaged in discussions regarding import
Inspire Medical Systems and ResMed have experienced significant drops in their stock prices, with decreases of 14% and 11% respectively. This decline came after the announcement that Eli Lilly’s weight loss drug, tirzepatide, showed promising results in reducing the severity of obstructive sleep apnea. Eli Lilly has even applied for approval from the FDA for
Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
Beijing is pushing the European Union to eliminate its preliminary tariffs on Chinese electric vehicles before the July 4 deadline. These tariffs, ranging up to 38.1%, are scheduled to come into effect on July 4 as the EU investigates alleged excessive and unfair subsidies to Chinese electric vehicle manufacturers. China has been urging the EU
In a recent development, China has called upon the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles. The dispute arose in the wake of an anti-subsidy investigation launched by the EU into Chinese EVs, leading to the imposition of duties of up to 38.1% on imported vehicles. This move
The Bank of Japan recently engaged in a debate regarding the potential for a near-term interest rate hike, as revealed by a meeting summary. The discussion centered around addressing the risks associated with inflation surpassing expectations. One member of the board advocated for an immediate increase in interest rates to tackle this issue without delay.
The recent developments at Boeing have brought the company into the spotlight once again, this time with potential criminal charges looming. U.S. prosecutors are putting forth a recommendation to senior Justice Department officials to bring charges against Boeing after it was found that the company violated a settlement related to two fatal crashes involving the
As the final trading week of the first half of the year begins in Asian markets, investors are taking stock of the current situation. While the equity markets in Asia seem to be in reasonably positive territory, the currency and bond markets present a more mixed picture. However, the Chinese market is faced with more
One major issue with the reported discussions between Meta Platforms and Apple is the lack of transparency surrounding the potential integration of generative AI technology. Both companies have not provided any official statements regarding these discussions, leaving consumers and stakeholders in the dark about the future implications of such a collaboration. This lack of transparency
In the uncertain economic climate, it is crucial for investors to identify stocks with strong fundamentals and long-term growth potential. One such stock is Delta Air Lines (DAL), America’s second-largest carrier. With a network that reaches over 290 destinations across six continents, Delta has positioned itself as a key player in the airline industry. Analyst
Recent reports have highlighted a concerning trend in the alcohol market, particularly for the prestigious Chinese brand known as “Flying Fairy.” The brand, which is a traditional Chinese baijiu liquor, has seen a significant decrease in wholesale prices in recent weeks, sparking worries about the overall economic growth. This drop in prices comes on the
Deutsche Bank’s strategists have once again turned their attention to the S&P 500, suggesting that the index may experience another pullback. This follows their successful prediction in April, where they anticipated a pause in the market rally, resulting in a 4.6% decline in the weeks following their note. The strategists have identified three key factors
Goldman Sachs strategists have raised concerns about the potential impact of tariffs on US companies operating overseas as the US election campaign progresses. They have pointed out that stocks with high international revenue exposure could face significant challenges if tariffs are imposed. Goldman Sachs strategists highlighted that tariffs could create a headwind for companies with