[ad_1] By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Nasdaq slumps 2%, tariff fears intensify It was really only a matter when, not if, tariff fears cast a pall over Wall Street and global markets again, and so it proved on Wednesday as investors braced for U.S. President Donald Trump’s latest announcement on auto tariffs. The Nasdaq fell 2% and the MSCI World index shed 1% for their biggest declines in two weeks. Earlier, British finance minister Rachel Reeves delivered an update on the country’s fiscal…
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[ad_1] Oil companies spent more than a century developing a vast industrial network to extract, refine and deliver their product to customers around the world. Sourcing the materials needed to build an alternative, less carbon-intensive economy presents a whole new set of challenges. China has been tackling these successfully for more than a decade, making it the undisputed leader in the “critical minerals” used in equipment such as electric vehicle batteries, solar panels and wind-turbine magnets. [ad_2] Source link
[ad_1] A view of the 23andMe headquarters in Sunnyvale, California, on March 25, 2025.Tayfun Coskun | Anadolu | Getty Images23andMe co-founder Linda Avey took to social media on Wednesday to express frustration about the fate of the once-thriving genetic testing company that spiraled into Chapter 11 bankruptcy protection this week.Avey helped launch 23andMe in 2006 alongside Paul Cusenza and Anne Wojcicki, who resigned as CEO on Friday. The company went mainstream due to its popular at-home DNA testing kits, but struggled in recent years to generate recurring revenue, stand up viable therapeutics and research businesses and assuage privacy concerns.”My time…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nimesh ShahRachel Reeves’ plans to invest an additional £300mn in HM Revenue & Customs over the next five years will not even scratch the surface in tackling the gap between what the tax authority should collect and what it actually does. This comes on the back of severe criticism of HMRC by the government and the public accounts committee.Nimesh Shah, chief executive, Blick Rothenberg © nickstrugnell.comThe criticism isn’t unfair in my view. HMRC customer service and standards are at an all-time…
[ad_1] Hundreds of Canadian workers have already been laid off from steel plants as President Trump’s tariffs squeeze the industry. At least 200 Canadian members of the United Steelworkers — North America’s largest private-sector union — have lost their jobs thus far, according to Marty Warren, the group’s national director. United Steelworkers has more than 225,000 members in Canada. And Canadian companies have not been shy about placing the blame on Trump’s stiff tariffs — a 25% levy imposed on all steel and aluminum imports on March 12. President Trump raised the levies on steel and aluminum imports to 25%…
[ad_1] Tokens to be allowed on exchanges PUBLISHED : 27 Mar 2025 at 04:38 Small Medium Large The SEC action aims to expand investment options and position Thailand as a regional hub for carbon credit trade. The Securities and Exchange Commission (SEC) is preparing to allow tokenised carbon credits to be traded via digital asset exchanges as well as brokers and dealers, in a bid to promote Thailand as a carbon credit trading hub.Earlier this month the SEC approved regulatory amendments to allow digital asset exchanges, brokers and dealers to offer services for tokenised carbon credits, tokenised…
[ad_1] Greece is one of the 13 EU members states that will proceed with projects aiming to bolster Europe’s raw material independence. [ad_2] Source link
[ad_1] Investor Mario Gabelli says it’s time to step up to the plate when it comes to buying shares of the Atlanta Braves . “Today, I want you to buy one share of the Atlanta Braves instead of an Easter present for someone,” the chairman and CEO of Gamco Investors said on CNBC’s ” Power Lunch ” Wednesday. Publicly-traded shares of the baseball team ticked higher Wednesday afternoon after Gabelli’s comments. BATRA 1D mountain BATRA 1D chart Crane In the same interview, Gabelli also pointed to aerospace equipment maker Crane Co. as an attractive company. The stock is up 3%…
[ad_1] It’s the final week of the first quarter and, as is typical, analysts have spent the past 12 weeks revising lower their earnings growth projections for the quarter. For the S&P 500 (^GSPC), estimates for earnings growth have been cut by 4.4%, more than the five-year average of 3.3% and the 10-year average of 3.2%. The largest revisions have come in tariff-sensitive sectors like Consumer Discretionary (XLY) and Materials (XLB). “Q1 earnings expectations have come down a lot, which sets up an important market turning point once companies start to release results,” DataTrek co-founder Nicholas Colas wrote in a…
[ad_1] Savers hoping that NS&I’s latest Premium Bond prize fund cut would be the last may be disappointed – with one expert warning more reductions could be in the pipeline. The Treasury-backed savings giant recorded a massive net inflow of £5.5 billion between October and December 2024, far exceeding expectations.That deposit surge helped push NS&I’s total net financing for the financial year to £8.9 billion – just shy of its £9 billion target, with three months still to go. With the Government setting a new £12 billion fundraising target for 2025/26, NS&I is expected to continue balancing savers’ interests with…