Wall St sinks on Powell rate-cut caution, Trump cabinet picks
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- Equities close higher as softer jobs data quiets rate-hike expectations
- U.S. economy adds fewer jobs than expected as unemployment rate ticks higher
- Nvidia returns as Morgan Stanley’s Top Pick on attractive valuation
- Citi says rate volatility without Fed repricing is concerning
- U.S. credit-reporting stocks fall as FHFA weighs two-bureau mortgage rule
- Equities close higher as softer jobs data quiets rate-hike expectations
- Cantor Fitzgerald on Rivian (RIVN): 'pre-announced that it delivered 19,248 vehicles in 3Q26, above our estimate'
- DISH DBS emerges from bankruptcy, cuts debt by $4.35 billion
- Tanker struck by projectile in Strait of Hormuz
- AppLovin shares fall after court denies request against Unity
Erste: 'Trump changes the macro picture', Comments on EuroZone
November 18, 2024 7:23 AM ESTErste: 'Trump changes the macro picture', Comments on EuroZone
The analyst comments "We expect US import tariffs on goods from the EU of 10% to have a slight dampening effect on Eurozone growth in the coming years. We assume that Eurozone growth will not yet be significantly affected in 2025 and continue to forecast GDP growth of 1%, just below potential. However, we... More
Erste: 'Trump changes the macro picture', Comments on US
November 18, 2024 7:22 AM ESTErste: 'Trump changes the macro picture', Comments on US
The analyst comments "Next year, we expect the US economy to weaken and the trends of falling inflation and moderately rising unemployment should continue into 2025, in our view, so the US Federal Reserve should continue on its current course. We expect regular rate cuts of 0.25% at the Fed's meetings through the summer of 2025 and then a quarterly cut of the same... More
Trump plans to end EV tax credit: here’s how he could do it
November 15, 2024 10:00 PM ESTIt was reported this week that President-elect Donald Trumps transition team has revealed plans to eliminate the $7,500 EV consumer tax credit (known as the 30D credit), part of a broader tax-reform agenda.
Bernstein analysts said in a note that the move has raised concerns about the growth of electric vehicles (EVs) in the U.S., as evidenced by a sharp selloff in Tesla and Rivian shares, which fell approximately 5% and 14%, respectively.
Some funding conditions potentially could... More
10 key takeaways from Goldman's 'Markets Outlook 2025'
November 15, 2024 1:00 PM ESTGoldman Sachs outlined its Global Markets Outlook for 2025 in a note Friday, emphasizing macroeconomic themes that investors should watch in the coming years. Here are the top takeaways from the report:
Wider Distribution of Outcomes: While Goldman's base case anticipates "solid growth, higher equities, and a stronger Dollar," the firm highlights that markets have shifted, leading to "fatter tails" and more unpredictable scenarios.Impact of Tariffs: Tariffs on China are expected to have... More