President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said. Any…
Advanced Micro Devices Inc (NASDAQ: AMD) has already rallied nearly 30% since early April but Rober Schein – the chief investment officer of Blanke Schein Wealth Management believes the AI stock is not done pleasing its shareholders just yet.In a CNBC interview this morning, Schein dubbed AMD stock a “top…
Mizuho’s senior analyst Dan Dolev disagrees with the popular narrative that stablecoins pose a disruptive threat to legacy payment giants like Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA).In an interview with CNBC last week, Dolev agreed that the crypto ecosystem continues to attract attention from investors and technologists…
President Donald Trump said Tuesday that India could be subject to tariffs ranging between 20% and 25% as the US moves toward imposing reciprocal levies on trading partners who have yet to reach new trade agreements. The president’s remarks, made aboard Air Force One following a visit to Scotland, come…
Union Pacific Corp (NYSE: UNP) announced a blockbuster merger that values each share of peer Norfolk Southern Corp (NYSE: NSC) at $320 – huge premium on its previous close – on Tuesday.Still, NSC shares ended lower today reflecting investors remain cautious on the first mega railroad consolidation since 1999.Despite headline…
Asian stock markets began Wednesday’s session with a modest and cautious advance, as investors held their breath ahead of a crucial policy announcement from the US Federal Reserve. The market mood was also shaped by the conclusion of trade talks between the US and China, which ended without any substantive…
Indian equity benchmarks, the Sensex and Nifty, are poised for a subdued start to Wednesday’s trading session, as a confluence of global and domestic factors fosters a sense of rising caution among investors. The market is contending with the impending US Federal Reserve policy decision, the continued delay in a…
LNG Canada, a Shell-led initiative, is facing technical difficulties as it increases production at its Kitimat liquefied natural gas plant. This has led to at least one LNG tanker being diverted from the facility recently without its superchilled fuel, Reuters quoted four sources and LSEG ship tracking data in a report.The…
Three vessels chartered by India’s Nayara Energy have sought to terminate their contracts, pressured by EU sanctions imposed on the Russian-owned refiner, according to a Reuters report on Wednesday. Nayara Energy, a significant player in India’s energy sector, is majority-owned by Russian entities, notably including the oil major Rosneft. The company operates…
India has set an ambitious target of achieving 500 GW of non-fossil fuel capacity by 2030, including 280 GW from solar energy, as part of its commitment under the Paris Agreement and its broader aim to achieve net-zero emissions by 2070. The country has made substantial progress in adding solar…