Investing.com -- Wall Street analysts have markedly lowered their year-end forecasts for the S&P 500, reflecting growing unease over the economic fallout from rising tariffs.According to a Bloomberg survey, the average projection for the benchmark index has fallen by 8% in April compared to the previous month.The consensus now stands at 6,047, down from 6,539 in March. While that still implies ...
Investing.com -- Wall Street investors poured $8 billion into gold funds last week, the largest weekly inflow on record, according to Bank of America’s latest “Flow Show” report.Stocks also attracted $7.9 billion, while $20.1 billion exited bonds and $72.4 billion left cash—the biggest cash outflow since January.European equities saw their strongest weekly inflow since 2017, led by $6.0 bi ...
BEIJING (Reuters) - China on Friday issued a plan to further open the country’s service sector, proposing to lift foreign equity ratio restrictions for app store services.China’s move to lure more foreign investment into its burgeoning services sector comes as government officials pledge to take steps to boost services consumption to support the economy amid rising trade tensions with the Unit ...
(Reuters) -MP Materials, which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.S. levies, sending the company’s shares down nearly 5%.The move essentially halts a major source of revenue for MP Materials, which has relied on Chinese partners for years to refin ...