The latest research by Goldman Sachs economists has shed light on the potential consequences of U.S. immigration policies following the upcoming election. In 2020, net immigration to the U.S. soared to approximately 2.5 million individuals, significantly bolstering labor force and GDP growth, while also helping to mitigate wage pressures. Looking ahead to 2024, Goldman Sachs
Strategies
Despite the European Union’s anti-subsidy probe into Chinese-made electric vehicles, Chinese automakers remain resolute in their plans to invest in Europe. Cui Dongshu, the secretary general of the China Passenger Car Association (CPCA), emphasized that Chinese enterprises will continue to pursue opportunities in Europe and integrate into local markets. The EU’s allegations of unfair state
The European Union has been taking steps to address the issue of low-priced, subsidized imports of Chinese electric vehicles (EVs). While the standard duty on imported EVs is 10%, the EU is expected to increase this rate for Chinese EVs starting July 4. Analysts have predicted that the tariff rate could potentially be raised to
With the recent surprising election results, Prime Minister Narendra Modi has been sworn in for a third term, backed by the National Democratic Alliance (NDA). Despite the Bharatiya Janata Party (BJP) not securing a majority on its own, the NDA coalition garnered a total of 293 seats in parliament, paving the way for Modi to
As per Jefferies’ latest report, the expected expansion of EBIT margins for IT companies in FY25 may not be as promising as initially anticipated. While there is hope for a substantial improvement in Tech Mahindra, other IT firms may only see a modest rise in margins. The report points out several challenges that could hinder
In the world of cryptocurrency investing, the practice of “HODLing” has long been celebrated as a way to weather the storm of extreme price fluctuations. However, with the rise of exchange traded funds (ETFs) that track bitcoin’s price, the traditional strategy of simply holding on may be losing its appeal. As more traditional investors enter
The U.S. economy generated about 272,000 jobs in May, significantly surpassing analysts’ expectations of 185,000. This unexpected surge in job creation led to concerns among investors that the Federal Reserve may delay interest rate cuts. As a result, the benchmark S&P 500 experienced fluctuations in the immediate aftermath of the report, with U.S. Treasury yields
In December 2023, the prevailing sentiment in the market was that there would be a series of rate cuts in 2024. However, Scott Kleinman, the Co-President of Apollo Asset Management, had a different perspective. He made a contrarian call by betting against any rate cuts in the upcoming year. This decision has proven to be
Financial technology startup Nium recently announced a $50 million fundraising round, with plans to go public within the next 18 months. The round was led by a Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. Despite the significant amount raised, Nium’s valuation now stands at $1.4
The Asian stock market experienced a boost on Wednesday. This was mirrored by a stable performance of the dollar amidst concerns about a potential interest rate cut by the Federal Reserve in September. Despite this positive trend, apprehensions about a slowdown in the U.S. economy limited risk appetite among investors. In Asia, the focus was
As tumultuous markets continue to create uncertainty for investors, seeking out dividend-paying stocks can provide stability and reliable income. One such stock that stands out among Wall Street analysts is tech giant IBM. Despite announcing mixed first-quarter results, IBM’s earnings surpassed expectations, while revenue fell short due to macroeconomic challenges. In addition, the company recently
Dell Technologies saw its stock slide more than 16% after executives warned investors about further margin pressure in the coming years. While the company posted a first-quarter earnings beat on both the top and bottom line, the forecast of a roughly 150 basis point reduction in gross margin by 2025 caused concern among shareholders. On
In response to the escalating demand for artificial intelligence and its impact on energy consumption, Singapore has unveiled a green data center roadmap. This initiative is geared towards supporting the digital economy’s growth while addressing the strain on energy resources caused by the surge in AI and computing requirements. Senior Minister of State for Communications
The recent market activity has taken a toll on Salesforce, with shares plummeting over 14% after missing first-quarter revenue estimates. The company did manage to surpass adjusted earnings expectations, but its current-quarter guidance fell short on both top and bottom lines. This drop signifies the importance of meeting revenue projections in maintaining investor confidence. UiPath