Investing.com– JPMorgan downgraded Baidu Inc (NASDAQ:BIDU) to “neutral” from “overweight” on Wednesday, citing declining earnings visibility due to uncertainties around China’s economic recovery and the negative impact of generative AI content deployment on ad monetization. The brokerage also cut its price target on Baidu’s shares to $85 from $105. Baidu, China’s largest search engine provider, derives…

By Virginia Furness LONDON (Reuters) – BNP Paribas (OTC:BNPQY) Asset Management will no longer invest in new bonds issued by companies involved in oil and gas exploration and production, according to a strategy update dated November. The French asset manager said its policy aimed to support oil and gas companies with their transition to sustainable…

By Paul Sandle LONDON (Reuters) – British Prime Minister Keir Starmer on Wednesday opened London’s first Google-funded AI Campus which aims to help young people develop skills in the rapidly developing technology. The centre, based in Camden, an area which Starmer represents in parliament and which is also home to Google (NASDAQ:GOOGL)’s future offices in…

By Raphael Satter and Christopher Bing WASHINGTON (Reuters) – The FBI has been investigating a longtime Exxon Mobil (NYSE:XOM) consultant over the contractor’s alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s biggest critics, according to three people familiar with the matter. The operation involved mercenary hackers who successfully breached the…

Investing.com — JPMorgan analysts warned in a note Wednesday that China’s economic growth could slow to under 4% in 2025, a level unseen since its entry into the WTO in 2001, if Donald Trump’s proposed tariffs on Chinese imports are implemented. The potential rise in tariffs from 20% to 60% would significantly strain China’s economy, impacting…

By Harry Robertson LONDON (Reuters) -The premium investors demand to hold French debt rose to its highest level since 2012 on Wednesday in a sign of worries over the country’s finances, while benchmark German yields fell along with those in the United States. The spread between French and German 10-year bond yields rose to 90…

WASHINGTON (Reuters) – U.S. consumer spending increased solidly in October, suggesting that the economy maintained its strong pace of growth early in the fourth quarter, but progress lowering inflation appears to have stalled in the past months. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after an…

Investing.com — BCA Research analysts weighed in on the impact of Donald Trump’s return to the White House on the commodities market, offering a mixed outlook across different sectors. The analysts noted that Trump’s pro-oil “drill, baby, drill” policies are unlikely to immediately impact U.S. crude production. “For now, crude prices will drive US producers’ output…

WASHINGTON (Reuters) – The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Gross domestic product increased at an unrevised 2.8% annualized rate, the Commerce Department’s Bureau of Economic Analysis said in its second estimate of third-quarter GDP. Economists polled by Reuters had forecast…

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum said on Tuesday that Mexico would raise tariffs on imports from the United States if President-elect Donald Trump follows through on his threat to issue a 25% tariff on Mexican imports after taking office. “If there are U.S. tariffs, Mexico would also raise tariffs,” Sheinbaum said in…