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Economy

“Trump threatens ’200% tariff’ if John Deere moves production to Mexico”

“Former President Donald Trump threatened John Deere with a 200% tariff if the agricultural manufacturer moves some of its production to factories in Mexico. John Deere plans to shift production of some of its models to Mexico, a move that… Continue Reading…

Business

“…California sues ExxonMobil, alleging deception about plastics recycling”

“…“Exxon Mobil knew that 95% of the plastic in the blue bin was going to be incinerated, go into the environment or go into a landfill,” California Attorney General Rob Bonta said in an interview. “They knew and they lied.”… Continue Reading…

Stocks

“1 Unstoppable Stock With 990% Upside, According to Cathie Wood’s Ark Invest”

“Wood recently described Tesla (NASDAQ: TSLA) as the biggest AI opportunity in the world because of the introduction of its latest version of self-driving (FSD) technology, which could transform the company’s economics. For the same reason, Ark also published a report in June… Continue Reading…

Business

“The potential investor upside of a Google breakup — if John Rockefeller is any guide”

“… John Rockefeller’s Standard Oil more than a century ago. The empire that controlled nearly all US oil production during America’s industrial revolution had to split into 34 smaller companies after the Supreme Court in 1911 sided with the Justice Department in an… Continue Reading…

Stocks

“This Tech Stock Just Raised Its Dividend by 35%, and Analysts Are Raising Their Price Targets”

“Following its Capital Markets Day on Wednesday, T-Mobile (NASDAQ: TMUS) announced a whopping 35% increase to its dividend. T-Mobile just introduced a dividend to shareholders last year for the first time… In the wake of Analyst Day, analysts at Evercore raised their price… Continue Reading…

Precious Metals

“Gold hovers near record highs. Here’s where analysts say it’s headed next.”

“…Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve announced a 50 basis point rate reduction… “By cutting rates more than expected, the Fed is indirectly opening the door to… Continue Reading…

Business

“UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment”

“Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the United Arab Emirates-U.S. relationship to a new “geo-economic phase” centered on economic growth and innovation, top officials said ahead of a… Continue Reading…

Banking

“10-year Treasury yield gains for week even after Fed rate cut”

“…The 10-year Treasury yield was last down around 1 basis point at 3.732%. The 2-year Treasury note yield fell around 2 basis points at 3.585%. The yield on the 10-year Treasury was higher by almost 8 basis points for the… Continue Reading…

Stocks

“Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance”

“Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its 2024 guidance. The German carmaker cited weaker demand from China as the main driver of the downgrade. The auto sector was dragged lower on the… Continue Reading…

Stocks

“Lunar company Intuitive Machines’ stock jumps more than 40% after NASA moon satellite contract”

“…The five-year contract, which has a maximum total value of $4.82 billion, will incrementally issue awards as work progresses. Intuitive Machines’ initial NSN award is worth $150 million. Intuitive Machines shares surged more than 40% in afternoon trading from its… Continue Reading…