Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Buyers at the Grand Inauguration of the Wegmans supermarket on February 26, 2025 in Lake Grove, New York, USA.
Howard Schnap | Newsday | Getty images
The adage of Wall Street to never bet against the US consumer is still true, to some extent. February retail sales, although lower than expected, still recorded an increase. For skeptics, that is like narrowing the eyes desperately for a positive side. It could well be. But the dark clouds, in the form of the rates of US President Donald Trump, are more sinister than usual.
Tariffs, after all, are a tax on imported goods that will probably be transmitted to the consumer. That has weighed the feeling of the consumer, measured by surveys such as those of the University of Michigan. Even the director of the United States National Economic Council, Kevin Hassett, acknowledged that Trump’s tariffs will cause some uncertainty.
The Organization for Economic Cooperation and Development has already reduced its growth perspective for the US. While the Trump administration is confident that the actions will recover their balance, the strategists can also begin to review their market prognosis if the perspectives are not clarified.
Second winning session for US markets
US markets increased on Monday. He S&P 500 rose 0.64%, the Dow Jones industrial It was greater 0.85% and the Nasdaq compound Advanced 0.31%. That was the second consecutive earnings for the three indexes. Regional Europe The Stoxx 600 index added 0.79%. Qinetiq’s actions show almost 21%, falling to the bottom of the Stoxx 600After the British Defense firm Reviewed down Your income perspective for the year.
The OECD reviews the growth forecast down
The Organization for Economic Cooperation and Development predicted the growth of the global gross domestic product to reach 3.1% this year, below 3.3% in its December projections. Also He reviewed his estimate for the expansion of the US GDP. to 2.2% in 2025 from 2.4%. “The highest commercial barriers in several G20 economies and greater geopolitical and political uncertainty” are weighing the feeling, the OECD said on Monday.
American consumers spend more
US retail sales rose 0.2% in FebruaryLosing the estimation of Dow Jones for an increase of 0.6%, according to advanced reading on Monday of the Department of Commerce. That said, the figure is better than the 1.2% decrease in January, which was abruptly reviewed from the original estimate of a 0.9% drop.
Certainty about tariff uncertainty
The director of the United States National Economic Council, Kevin Hassett, acknowledged that there will be more uncertainty regarding tariffs before things calm down. “Between now and April 2, There will be some uncertainty“Hassett told CNBC, referring to the date Trump said he will announce” reciprocal “tariff plans.” But as April is presented, the markets will see that reciprocal commercial policy makes a lot of sense, “Hasset added.
They will be responsible for the hutis attacks: Trump
Oil prices rose on Monday After the president of the United States, Donald Trump saying In its social media platform, social truth that the United States would consider any attack by the militant group Yemení Houthis, “as a shot triggered from the weapons and leadership of Iran.” Us crude oil futures It rose 40 cents, or 0.6%, to close at $ 67.58 per barrel. Global reference point Brent He won 49 cents, or 0.69%, a settle at $ 71.07 per barrel.
(Pro) ‘uncomfortable’ plot of points: Goldman
At the end of the Federal Mercado Committee meeting on Wednesday, Fed members will launch an updated “plot” plot, a table that shows interest rates projections for the coming years. Here is why The plot of points could be “uncomfortable“According to Goldman Sachs analysts.
The co -founder and executive director of Google Deepmind, Demis Hassabis, speaks during the Mobile World Congress, the largest annual meeting of the telecommunications industry, in Barcelona, Spain, February 26, 2024.
Barrena Pau | AFP | Getty images
Speaking in an informative session at the Deepmind offices in London on Monday, Demis Hassabis, CEO of Google Deepmind, said he believes that artificial general intelligence, which is so intelligent or smarter than humans, will begin to emerge in the next five or 10 years.
Hassabis’s prognosis to reach AGI is conservative compared to some of his companions in the industry. Dario Amodei, CEO of Ai Startup Anthrope, told CNBC in the World Economic Forum in Davos, Switzerland in January that he sees a form of AI that is “better than almost all humans in almost all tasks” emerging in the “next two or three years.”
Other technological leaders see that Agi arrives even before. The product director of Cisco, Jeetu Patel, believes that there is the possibility that we can see an example of AGI emerge as soon as this year.