Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn as the industry has shed 1.8% over the past six months. This performance was discouraging since the S&P 500 returned 1.1%.
Large-cap stocks are known for their staying power and ability to weather market storms better than smaller competitors. However, their sheer size makes it more challenging to maintain high growth rates as they’ve already captured significant portions of their markets.
(Bloomberg) -- Executives from some of the world’s top oil and gas producers offered full-throated support for President Donald Trump’s “Energy Dominance” on Monday, even as financial markets slumped on broader concerns about his economic agenda.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Dil
The sell-off in tech is severe.
Hungary's government will limit the profit margin for grocers on a number of basic food items, the prime minister said on Tuesday, a response to growing inflation hitting consumers in the Central European country. Prime Minister Viktor Orbán said in a video on social media that commercial grocers must limit their markup to no more than 10% of wholesale price on 30 different food items, a policy that would be in effect from mid-March until the end of May, but could be extended. "In order to curb excessive and unjustified price increases, we have been negotiating with representatives of commercial chains in recent days," Orbán said.
(Bloomberg) -- A rush by European governments to boost military spending has unleashed a rally in defense stocks so strong that they’re now as richly valued as the region’s high-flying luxury names. Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ o
Mercedes-Benz will develop smart driving cars for global markets equipped with Hesai's lidar sensors, a person with direct knowledge said, the first time a foreign automaker has sought to use such Chinese-made technology for models sold outside China. It coincides with an increase in trade tensions as the U.S. intensifies efforts to restrict the adoption of Chinese components and software solutions in vehicles developed by global automakers. The person, who declined to be named because the matter is private, said Mercedes had deliberated for months over the decision because of legal and geopolitical risks.
Shares of Kohl's tumbled in premarket trading Tuesday after the struggling retailer's forecasts for fiscal 2025 fell short of what analysts had expected.
Germany's Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients from next month, the company said on Tuesday, becoming the latest firm to offer custody management for bitcoin and ether. The service aims to allow crypto trading from various trading venues to be settled and held in Clearstream, Deutsche Boerse's settlement business. It marks an expansion into crypto services for the German exchange, after last year it launched its own crypto trading platform for institutional investors.
Wall Street strategists are increasingly turning bullish on European stocks, while downplaying US equities.
