Banking, Business, Stocks

“Citigroup profit beats estimates as stock trading jumps 23%”

“…Citi’s markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain. Equity revenue surged 23%, buoyed by more client activity. Fixed income revenue, a major driver of Citi’s markets business, jumped… Continue Reading…

Business

“Tesla’s sales plummet 13 percent as Musk backlash grows”

“…It was Tesla’s worst production and delivery report in three years. Analysts had expected Tesla to report deliveries in the quarter of 377,592 vehicles, down from 386,810 vehicles a year ago, according to a consensus of 27 analyst estimates compiled by Tesla.… Continue Reading…

Economy

“First-quarter GDP growth will be just 0.3%… says CNBC survey”

“…The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as… Continue Reading…

Economy

“Retail sales increased 0.2% in February, though spending up less than expected”

“Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% rise. The so-called control group, which strips out noncore sectors and feeds directly… Continue Reading…

Stocks

“Tesla stock is still a sell after its 40% plunge, UBS warns”

“…Tesla shares are down 40% year to date and are the worst-performing component of the “Magnificent Seven” stocks — which also include Apple (AAPL), Amazon (AMZN), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), and Meta (META)…” https://finance.yahoo.com/news/apples-ai-strategy-is-showing-troubling-cracks-150559429.html Buy the dip. (with… Continue Reading…

Economy

“…China to impose extra tariffs of 10%-15% on various US farm products”

“China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing 25 U.S. firms under export and investment restrictions…” https://finance.yahoo.com/news/china-impose-extra-tariffs-10-051302666.html Is the word “reciprocal” a… Continue Reading…

Business, Economy

“Volkswagen and Stellantis evade Trump’s 25% tariffs, while BMW braces for impact”

“Last week, it was announced that President Donald Trump’s new 25% tariffs on Mexico and Canada would exempt vehicles that comply with the USCMA trade deal. German carmaking giant Volkswagen told CNBC that its operations meant it would be exempt… Continue Reading…

Economy

“Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers”

“U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel and aluminum. Perhaps unsurprisingly, the biggest winner of the trade tariffs is likely to be the U.S. “At… Continue Reading…

Stocks

“2 Growth Stocks to Buy Before They Soar 212% and 712%, According to Certain Wall Street Analysts”

“…UiPath: 212% implied upside… Going forward, Wall Street expects UiPath to grow sales at 10% annually through fiscal 2026 (ends April 2026). That estimate leaves room for upside because the RPA market is forecasted to grow at 40% annually through… Continue Reading…

Business

“China AI Chip Leader Soars 20% Limit as Beijing Warns on Nvidia”

“…Chinese regulators have discouraged companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, Bloomberg News reported late Friday. That policy has taken the form of guidance rather than an outright ban, as Beijing wants… Continue Reading…