Bank of America analyst Eli Abboud says BGC Group Inc (NASDAQ: BGC) is the “most overlooked Trump trade in diversified financials.”Shares of the financial services company have already rallied some 10% this week – but Abboud continues to see significant further upside in them through the remainder of 2025.The analyst…
President Donald Trump revoked a license granted to Chevron by his predecessor, Joe Biden, two years ago. Trump announced the decision in a late Wednesday post on Truth Social.The decision comes as Trump accuses Venezuelan President Nicolás Maduro of failing to make the necessary headway on election changes and migrant…
The US economy is showing the first signs of stress under President Trump’s aggressive push to shrink federal spending, impose tariffs, and overhaul government operations. Trump on Thursday announced that 25% tariffs on imports from Mexico and Canada will go into effect on March 4, following a one-month delay. The tariffs…
Tesla is once again in the spotlight as it inches closer to entering the Indian market, after two previously unsuccessful attempts. The latest reports suggest that the EV giant has begun producing vehicles at its Berlin facility for import into India, while also actively scouting potential factory locations. These developments…
Asian stock markets tumbled on Friday after US President Donald Trump confirmed tariffs on Mexico, Canada, and China, rattling investor sentiment. The announcement, which marks a renewed escalation in trade tensions, sent key Asia-Pacific indexes lower, mirroring losses on Wall Street overnight. Bitcoin also declined, extending its losses from recent…
Vietnam’s booming trade relationship with the US is under increasing threat as former US President Donald Trump signals sweeping tariffs that could impact nearly all of the country’s exports to its largest market. Vietnam shipped more than $142 billion worth of goods to the US in 2024, making up approximately…
Shares of Indian IT companies plunged on Friday as investor sentiment turned cautious over concerns about a slowing US economy and rising inflation expectations, exacerbated by former US President Donald Trump’s tariff policies. The Nifty IT index shed over 4%, with major IT players witnessing sharp losses.Tech Mahindra led the…
President Volodymyr Zelenskiy of Ukraine will meet with US President Donald Trump on Friday to sign a deal on critical minerals, according to a Reuters report. This visit comes as Kyiv seeks to regain US support in its fight against the Russian invasion, while Washington reconsiders its punitive policy toward Moscow.Zelenskiy…
A significant batch of Bitcoin options contracts is set to expire on Friday, February 28, with a total notional value of approximately $4.7 billion. This expiry event, larger than usual due to the month-end, is expected to have limited direct impact on the spot market, which is already under pressure…
British Airways and Iberia owner International Airlines Group (IAG) has reported a 27% rise in operating profit to €4.4 billion (£3.6 billion) for 2024, as high-spending leisure passengers continued to drive strong demand across its core markets.The announcement sent IAG share price soaring by almost 5% in early trading on…