Trump vs. Biden: Goldman Sachs names the global stocks to play the U.S. elections
The Wall Street bank names the stocks most likely to be shielded from President Trump’s proposed 10% tariff on all U.S. imports.
China stocks tumble to 5-year low after weak manufacturing data; Australia shares hit all-time high
Mainland Chinese stocks fell to a five-year low while Australian stocks smashed all-time records on Wednesday.
Trump allies ramp up attacks on Taylor Swift ahead of Super Bowl
Swift endorsed President Joe Biden in the 2020 election, and the president’s allies are hoping she will back his reelection bid.
Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby’s of art fraud
Dmitry Rybolovlev accused the Sotheby’s auction house of helping an art buyer defraud him when purchasing the Leonardo da Vinci painting “Salvator Mundi.”
The Fed will cut rates fewer times and start them later than market hopes, according to CNBC Fed Survey
Only 9% of CNBC Fed Survey respondents see the central bank cutting rates in March.
Launch of new ETFs may not affect bitcoin the same way they did gold, Citi says. Here’s why
Maybe ETFs could benefit bitcoin down the road, but near term, it’s more likely the cryptocurrency returns to high correlations with stocks, according to Citi.
‘No shipping, no shopping’: Trade experts warn Congress what more Houthi Red Sea chaos will mean for economy
MSC, the world’s largest shipper, joined retail and maritime experts in warning Congress about Houthi ‘chaos’ and the impact on freight and consumer prices.
Apple iPhone shipments may see ‘significant decline’ in 2024, analyst says
Apple may see a drop in iPhone shipments this year, due in part to the growing popularity of foldable phones, analyst Ming-Chi Kuo says.
Citadel’s Ken Griffin says the economy looks ‘pretty damn good right now’
Citadel CEO Ken Griffin believes the U.S. economy is in a better position than it was last fall, but warns that high fiscal spending could pose risks.
European markets close slightly higher; euro zone GDP data shows Germany on the brink of recession
European markets ended the day higher on Tuesday as investors digested preliminary fourth-quarter GDP figures for the euro zone.
