Investing.com – The dollar surged on Monday, underpinned by a jump in Treasury yields amid optimism that the U.S.-China trade deal would avert a tariff-led recession, but Deutsche Bank argues that the recent trade agreements are more beneficial to the rest of the world, likely keeping the greenback’s upside in check.
The dollar index, a measure of the greenback against a basket of currencies, jumped 1.6% to 101.78. Treasury yields rose sharply as investors shifted away... (continue reading...)
Investing.com -- Shares in top Canadian industrial companies surged on Monday following news of a 90-day suspension of escalating tariffs between the United States and China. Shares in TFI International Inc (TSX: TFII) jumped 8.9%, Canadian National Railway Co (TSX:CNR) gained 5%, Canadian Pacific (NYSE: CP) Kansas City Limited (TSX: CP) rose 4.8%, and Air Canada (TSX: AC) advanced 4.3%.
The gains came after both governments announced mutual tariff reductions. The... (continue reading...)
Investing.com -- Citi upgraded PDD Holdings to Buy with a price target of $165, citing a “positive outcome for China cross-border sellers” following a larger and quicker-than-expected reduction in U.S. tariffs.
In a research note, Citi said the revised tariff structure is a clear benefit to Temu, PDD’s fast-growing U.S. e-commerce platform.
“We view the ‘30%+’ tariff as manageable for Chinese sellers where a portion of the tariff will likely be passed to U.S. consumers... (continue reading...)
Investing.com -- Bank of America sees significant cost-saving potential in Amazon’s growing use of robotics and autonomous vehicles (AVs), telling investors in a note Monday that the technologies could address up to 34% of the company’s total costs.
BofA said Amazon’s robotics push is “instrumental to improving Amazon’s cost structure.”
They explained that fulfillment and shipping each account for about 17% of Amazon’s total costs, and both are areas where automation is... (continue reading...)
Investing.com -- The preliminary number of international arrivals to Canada by air and automobile in April 2025 was 4.5 million, marking a 15.2% decrease from April 2024. This represents the third consecutive month of year-over-year declines.
Non-resident arrivals to Canada by air in April 2025 totaled 632,600, a 1.2% year-over-year decrease. This figure includes arrivals by US residents, which was 289,300, a 5.5% decrease from the same month in 2024. However, arrivals... (continue reading...)
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