‘Premature’ to conclude that Trump’s tariffs haven’t hit the global economy, the IMF says
London
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Higher US tariffs have so far had a smaller impact globally than expected, but it would be “premature and incorrect” to conclude they have had no effect on economic growth, the International Monetary Fund said Tuesday.
The IMF slightly upgraded its expectations for global and US growth for this year in its latest World Economic Outlook report,
Read MoreTrump's tariffs to dim global economy 'in the short and the long term': IMF
The impact of President Trump’s tariffs is expected to weigh on economic growth worldwide in 2025, according to the International Monetary Fund’s new World Economic Outlook released Tuesday.
“The outlook for the global economy continues to point to dim prospects, both in the short and the long term,” according to the IMF report.
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Read MoreIMF upgrades US growth outlook as Trump’s tariffs cause less disruption, for now
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the agency also said the extensive duties still pose risks.
The United States’ economy will expand 2% in 2025,
Read MoreFederal Reserve contractors suspend Lincoln cent orders
The Federal Reserve reports that 28 armored carrier locations nationwide contracted to distribute coins and paper money across the 12 Federal Reserve Bank districts have suspended orders and deposits involving Lincoln cents. Their action is pursuant to the Treasury Department’s decision earlier this year to suspend circulating cent production at the Denver and Philadelphia Mints.
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Read MoreWestern Alliance, Zions Bancorp Shares Slide Amid Fraud Concerns — Analysts Stay Bullish
TLDR
- Western Alliance stock dropped 10.8% on October 16 after disclosing a fraud-related lawsuit over a $100 million loan, while Zion Bancorp took a $50 million charge-off on alleged fraud
- RBC Capital Markets calls the regional bank sell-off overdone,
The Burst
Market Commentary: Is This Stock The Next Starbucks?
Imagine your job is to grow Starbucks. You’ve got your work cut out for you launching hundreds of store locations each year in prime locations. Market research, consumer trends, cost of real estate, these are just a few of the factors you’ll need to analyze before building out the stores, and then you’ve got all the challenges of hiring baristas,
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Read MoreThe Ivy
1 Under-$100 Billion Growth Stock To Join Trillion Dollar Club?
Airbnb (NASDAQ: ABNB) isn’t even two decades old but it has made more than a splash in disrupting the travel and hospitality industry. Famously, one tag line announced that the largest taxi firm in the world owns no taxis (Uber) and the largest accommodation in the firm (Airbnb) owns no real estate.
With a market cap still under $100 billion yet pumping out an astonishing $3.8 billion in free cash flow alone last year,
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