Browsing: Business

U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.

Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion share buyback.

HSBC is closing M&A and equity markets operations in the US, UK, and Europe, focusing on growth in Asia and the Middle East under CEO Georges Elhedery’s restructuring plan.

China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025.

Amazon announced the closure of seven Quebec warehouses, eliminating 1,700 jobs, amid allegations the move is linked to recent unionization efforts at a Montreal-area facility.

Germany’s DAX surpassed 20,000 points, a record high, even as the country’s economy faces recession, job cuts, and political instability, reflecting strong investor confidence in global markets.

U.S. markets soar with record gains in 2024, driven by Federal Reserve cuts, tech dominance, and robust earnings, but risks loom as Trump’s policies and high valuations shape 2025 outlook.

Quantum computing stocks rallied after Microsoft urged businesses to prepare for a “quantum-ready” era by 2025, sparking optimism and lifting shares of Rigetti, IonQ, and D-Wave Quantum.

Stock futures advanced Tuesday as traders await two key inflation reports, including PPI and CPI, expected to influence the Federal Reserve’s rate decisions and broader market direction.

Moderna stock dropped 18% after the company slashed its 2025 revenue forecast by $1 billion, citing declining COVID vaccine demand, market competition, and other financial challenges.