GENEVA (Reuters) – More than 700 trucks are currently on their way to communities across Sudan as part of a major scale up, a World Food Programme spokesperson said on Tuesday. “In total, the trucks will carry about 17,500 tons of food assistance, enough to feed 1.5 million people for one month,” WFP spokesperson Leni…
Investing.com — Global equity markets have climbed 2.3% since the recent US election, supported by positive earnings growth across all regions, according to BofA quantitative strategists. The MSCI All-Country World Equity Index gained 1.4% last week, rebounding from a 2.3% decline the week prior. The rally was driven largely by the US, which posted a…
Deutsche Bank (ETR:DBKGn) set a new target for the S&P 500, predicting the benchmark index will reach 7000 by the end of 2025. Jim Reid, Head of Global Economics and Thematic Research at Deutsche Bank, commented that this forecast hinges on a solid demand-supply backdrop for U.S. equities, with the bank expecting continued robust inflows into…
By Tim Kelly, David Dolan and Aishwarya Jain TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba has sent a letter to President Joe Biden asking him to approve Nippon Steel’s acquisition of U.S. Steel, to avoid marring recent efforts to strengthen ties between the countries, according to two sources familiar with the matter. Biden joined…
Investing.com — Shares of Avolta AG (SIX:AVOL) dropped 8% on Tuesday after Barclays (LON:BARC) analysts downgraded the stock to “underweight” from “overweight,” citing a combination of operational challenges and a deteriorating risk/reward profile. The downgrade comes as the market outlook for Avolta, a consensus favorite during the travel recovery, begins to dim amid signs of…
(Reuters) – Walmart (NYSE:WMT) became the latest U.S. company to cut back some diversity, equity, and inclusion (DEI) programs meant to boost racial and ethnic representation at workplaces against the backdrop of rising pressure from conservative groups. At least six major U.S. companies, including JPMorgan Chase (NYSE:JPM), modified their DEI policies last year, according to…
By Ron Bousso and Robert Harvey LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil (NYSE:XOM) said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s…
Investing.com — Bank of America (BofA) introduced a 2025 year-end price target of 6666, a figure which, if achieved, would mark an extraordinary tenfold rally from the market lows of 2009. The new target also implies an 11% upside potential from current levels. “The only constant is change and as we look to 2025, volatility…
(Reuters) – U.S. stock index futures were flat on Tuesday, as investors paused following several sessions of gains and weighed the implications Donald Trump’s tariffs on top trade partners could have on the local economy. The president-elect said he would impose a 25% conditional tariff on Canadian and Mexican imports that could violate a free-trade…
LONDON (Reuters) – British retailers’ optimism has fallen to a two-year low, the Confederation of British Industry said, and is its weakest since households were hit by surging energy prices and financial markets took fright at former prime minister Liz Truss’ fiscal plans. The CBI’s quarterly survey of retailers showed their assessment of the business…
