rump, of course, is busy explaining away the negative effects of his tariffs, which are starting to bite as importers pay higher taxes on incoming goods or simply stop buying them. Trump has raised the average tax rate on imports from 2.5% to about 25%, with frequent changes that are giving businesses whiplash. His tariffs […]
This week in Trumponomics: Too many dolls Read More »
(Reuters) -Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter. The oil major has been more seriously discussing the feasibility
Shell is studying merits of buying BP, Bloomberg News reports Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders on Saturday rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were voted down. Shareholders also voted against a resolution that Berkshire report on how its business
Berkshire shareholders reject diversity, AI proposals Read More »
Warren Buffett hit out at President Donald Trump’s global trade war on Saturday, saying trade should not be a “weapon.” Speaking at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, Buffett did not directly name Trump, but made clear his distaste for tariffs. Buffett made the comments in response to the first question during his widely watched
Warren Buffett criticizes tariffs and says trade should not be used as a ‘weapon’ Read More »
Goldman Sachs Research expects continued growth from the UK economy in 2025, although its expansion may be slower than some economists anticipate. Our economists forecast the UK’s GDP to increase 1.2% in 2025, which is slower than the Bank of England’s projection of 1.5% and just below the consensus estimate of economists surveyed by Bloomberg
UK economic growth may lag expectations in 2025 Read More »
Goldman Sachs Research expects the Indian economy to be relatively insulated against global shocks over the coming year — including tariffs levied by the new administration of US President-elect Donald Trump. India’s GDP will keep growing strongly in the long term — but with a speed bump next year as government spending and credit growth
India’s economy is likely to stand firm in an uncertain world Read More »
The emergence of new artificial intelligence models in China could drive faster development and adoption of the technology in the country than previously projected, according to Goldman Sachs Research. Should AI gain traction, it could boost productivity and GDP growth in the world’s second-largest economy. China’s AI advancement has accelerated since our researchers examined, in 2023, the potential
What advanced AI means for China’s economic outlook Read More »
S&P 500 annual returns have exceeded 20% over the past two years, continuing their long run of outperformance since the trough of the global financial crisis (GFC). Inevitably, investors may now wonder: Is it time to trim back exposure to US equities? Goldman Sachs’ Wealth Management Investment Strategy Group (ISG) says the answer is
US assets will benefit from steady growth and persistent advantages Read More »
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