Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions…
The UK’s Financial Conduct Authority (FCA) has proposed lifting its longstanding ban on retail investors buying exchange-traded products (ETPs) tied to cryptocurrencies. The move comes as part of an effort to revitalize Britain’s crypto competitiveness and better align the market with the United States, where crypto ETFs have surged in…
Emerging market assets are capturing the attention of investors as potential opportunities for significant returns. According to a recent analysis by Bank of America (BofA) Securities, these assets are poised to deliver “several percent” in returns in 2025, driven primarily by a weakening US dollar. This forecast comes amid growing…
Tesla Inc (NASDAQ: TSLA) was hit hard Thursday after President Donald Trump signalled plans to terminate Elon Musk’s federal contracts and subsidies in retaliation for his derogatory remarks against the “One Big Beautiful Bill Act”.And while Trump has already confirmed that he’s not interested in a call with Musk –…
LionTrust fund manager, Storm Uru says some of the most compelling opportunities for investors in search of durable growth amidst persistent macro uncertainty may be in the private equity space.According to Storm Uru, recent pullback in private equity stocks like Blackstone Inc (NYSE: BX) and Apollo Global Management (NYSE: APO)…
Lululemon Athletica Inc (NASDAQ: LULU) opened some 30% down on Friday after reporting in-line financials for its fiscal Q1 but leaving investors unsatisfied with the forward guidance.LULU shares are being punished this morning as the market digests clear signs of slowing growth, especially in its key North American market.While macro…
The International Monetary Fund (IMF) has issued a stark warning that the ongoing global trade war presents a more formidable challenge to emerging market central banks than the COVID-19 pandemic. As trade tensions escalate, particularly with the imposition of historically high tariffs by the United States, emerging economies are grappling…
The Organisation for Economic Co-operation and Development (OECD) has delivered a sobering update on the United Kingdom’s economic outlook, significantly lowering its growth forecast for 2025 and 2026. In its latest reports, the OECD cites escalating trade tensions, heightened policy uncertainty, and mounting fiscal pressures as key factors undermining the…
Goldman Sachs lowered the price target on Elon Musk’s Tesla, citing falling sales all over the world, coupled with souring consumer sentiment.The brokerage firm maintained its neutral rating on Tesla and lowered the target price to $285. This indicates a 0.10% upside from Thursday’s closing price. Goldman Sachs’ price target is also…
US stocks rallied on Friday after stronger-than-expected labor market data helped ease fears of an imminent economic slowdown.The Dow Jones Industrial Average surged 373 points, or 0.9%, while the S&P 500 gained 0.9%, briefly touching the 6,000 level for the first time since late February. The Nasdaq Composite outperformed with…