Investing.com -- President Trump announced on Wednesday that the United States will impose a 25% tariff plus penalties on India starting August 1, citing the country’s purchases of Russian military equipment and energy.
In a post on Truth Social, Trump stated that despite India being considered a friend of the United States, trade relations have been limited due to India’s high tariffs, which he described as "among the highest in the World."
The president also criticized... (continue reading...)
Investing.com -- Bank of America (BofA) Securities on Tuesday downgraded United Parcel Service Inc (NYSE: UPS) shares to Neutral from Buy, flagging a clouded outlook and slow progress on cost-cutting initiatives.
The bank also cut its price objective on the stock to $98 from $115 and trimmed its earnings estimates for 2025 and 2026 by 4% and 9%, respectively.
Analyst Ken Hoexter flagged several challenges contributing to the downgrade. These include “a... (continue reading...)
Investing.com -- Morgan Stanley raised its price targets across a basket of semiconductor names, citing “exceptional” strength in artificial intelligence demand from hyperscalers and consumer internet firms.
“We think that the increase in enthusiasm for AI semis is justified by long-term strength in the business,” said the analysts, who raised targets for Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), Astera Labs, Marvell (NASDAQ: MRVL) Technology and AMD (NASDAQ: AMD).... (continue reading...)
Investing.com - Novo Nordisk (NYSE: NVO)’s weight-loss and diabetes drugs Wegovy and Ozempic could face increased pressure in the future, weighing on the Danish pharmaceutical group’s earnings, according to analysts at BofA Securities.
The two blockbuster treatments, which have been responsible for recently powering returns at Novo Nordisk and turning it into one of Europe’s most valuable listed company, is grappling with "more competitive dynamics on [the] horizon,"... (continue reading...)
Investing.com -- Marvell Technology (NASDAQ: MRVL) stock surged 10% Wednesday after Fubon Research analysts highlighted the company’s potential significant revenue opportunity from Microsoft’s (NASDAQ: MSFT) AI chip initiatives.
According to Fubon Research, Microsoft has upgraded specifications for its Maia300 chip, which Marvell is developing, from 3nm with HBM3E to a more advanced 2nm with HBM4. While this has pushed the production timeline from the first quarter of... (continue reading...)
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