Tariffs imposed by the US have made exporting to the country “impossible” for Chinese electric vehicle (EV) manufacturers, an executive at major producer Xpeng has said during his visit to Hong Kong. But Yeqing Zheng said on Thursday that the Guangzhou-based Xpeng’s enhanced efforts to tap into other markets, which involved establishing assembly operations outside…
HSBC subsidiary Hang Seng Bank appointed Gilbert Lee Man-lung, the eldest son of Hong Kong Chief Executive John Lee Ka-chiu, as deputy head of its China unit. The lender said that it would promote the junior Lee, 47, to vice-chairman of Hang Seng Bank (China) from his current position as head of strategy and planning…
Chicago, IL – March 25, 2025 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Lockheed Martin LMT, Bank of America (BAC), Boeing BA and Super Micro Computer SMCI. Tariff fears have been the proverbial pebble in the shoe for U.S. equity markets since late February, leading to a rapid 10% correction in the S&P…
As the first quarter of 2025 draws nearer to a close, it is clear which leading stock market has suffered most from US President Donald Trump’s erratic trade policies. Since February 19, the benchmark S&P 500 index has fallen 7.6 per cent. A gauge of the Magnificent Seven US technology companies, which drove the rally…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Chaos may be a ladder, but where is it leading investors? Up, the dip buyers hope, taking advantage of Wall Street’s newfound pessimism with cash and courage. The same tariff uncertainty that has…
Investors’ uber bullish sentiment for US stocks came to a screeching halt over the past month. Bank of America’s latest Global Fund Manager Survey of 171 participants conducted in March showed the biggest monthly drop in investors’ allocation to US equities on record, with the allocation falling 40% month-over-month. As recently as December, investors’ allocation…
Recession fears persist amid inflation and trade wars President Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration’s continuing trade war. The “R” word, recession, suddenly has become a hot topic, as more Americans wonder if tariffs and other pressures might push the economy…
The world’s richest person lurks over premium-priced burritos, salad bowls, and hamburgers in Washington, D.C., like a bad case of food poisoning. Billionaire Elon Musk taking a chainsaw to the federal workforce as part of his DOGE initiatives may hit sales at Cava (CAVA), Shake Shack (SHAK), Chipotle (CMG), and Sweetgreen (SG), according to new…
As China’s political elite gather for the country’s annual legislative sessions this week, we examine the broader forces likely to influence policies and decision-making for the coming year. The third part of the series delves into how much more investible the nation has become in a short span. As top lawmakers gather in Beijing to…
Berkshire Hathaway Chairman and CEO Warren Buffett, center, is driven to the morning session during a July 2023 conference in Sun Valley, Idaho.David Paul Morris/Bloomberg As questions continue to swirl about Warren Buffett’s recent preference for cash, Berkshire Hathaway’s chairman and CEO says he’s not giving up on stocks. “Despite what some commentators currently view…