Investing.com — Japanese Prime Minister Shigeru Ishiba has written to President Joe Biden, urging him to approve Nippon Steel Corp (TYO:5401)’s $15 billion bid to acquire US Steel, Reuters reported Tuesday, citing sources familiar with the matter. Ishiba’s appeal aims to prevent the deal’s rejection from straining recent efforts to strengthen US-Japan relations. Biden, aligning…
NEW YORK (Reuters) – Citigroup (NYSE:C) announced on Tuesday it is hiring Kate Moore as its new wealth division’s chief investment officer. Moore is expected to join in February from BlackRock (NYSE:BLK), where she was most recently portfolio manager and served as head of thematic strategy for the allocation business, according to a memo to…
Investing.com — Citi on Tuesday upgraded Chevron Corp (NYSE:CVX) to “buy” from “neutral” on valuation gap with peer, with upside from exploration in Namibia and the resolution of the Hess arbitration in 2025. Despite a modest recovery in Chevron’s stock over the past two months, it has significantly underperformed both ExxonMobil (NYSE:XOM) and the broader S&P…
Alistair Charlton Gear Nov 26, 2024 8:43 AM Phone Maker Xiaomi Made the Car That Apple Couldn’t Great build, deeply integrated tech and unrivalled connectivity—with its very first EV, Xiaomi is already showing the likes of Ford and Volvo where they’re going wrong, and what Apple could have done. Photography: Xiaomi Press If you buy…
Investing.com — Shares of Amgen (NASDAQ: NASDAQ:AMGN) dropped 7.4% in premarket trading Tuesday following the release of Phase 2 trial results for its obesity drug candidate, MariTide (formerly AMG 133). While the study demonstrated notable weight-loss potential, investor expectations for the drug’s efficacy may have been higher, contributing to the stock’s decline. Amgen reported that MariTide,…
Investing.com — Barclays analysts have cautioned that signs of a market bubble are appearing in the wake of the U.S. presidential election, driven by retail investor exuberance and increased speculative activity. According to Barclays (LON:BARC), the post-election crypto surge has extended to other parts of the equity market. The firm highlighted that “euphoria in the crypto…
Investing.com — Wells Fargo (NYSE:WFC) is nearing the final stages of meeting regulatory requirements to lift the $1.95 trillion asset cap imposed after its fake accounts scandal, Reuters reported Tuesday, citing three sources with knowledge of the matter. The cap could be removed as early as the first half of 2025, the report said, adding…
MEXICO CITY (Reuters) – The United States has temporarily paused imports of Mexican cattle after a case of New World screwworm (NWS) was identified at the lakeside town of Catazaja in southern Chiapas state, the Mexican government said on Sunday. “The United States and Mexico are working on implementing measures to resume the normal flow…
By Tom Hals (Reuters) – President-elect Donald Trump has vowed to use the U.S. military to help deport millions of undocumented migrants, a plan that breaks from U.S. tradition against deploying troops domestically but which legal experts said would still be hard to successfully challenge in court. Trump advisers have said they intend to use…
SAO PAULO (Reuters) – Brazil’s consumer prices rose more than expected in the month to mid-November, data from statistics agency IBGE showed on Tuesday, further fueling bets that the central bank will keep hiking interest rates. Prices as measured by the benchmark IPCA-15 index were up 0.62% in the period, IBGE said, while annual inflation…
