Investing.com -- Best Buy Co., Inc. (NYSE: NYSE:BBY) stock rose 8.8% in Monday’s pre-market trading following the White House’s announcement to exempt smartphones and computers from new reciprocal tariffs on Chinese imports, providing a reprieve for the U.S. tech sector.The exemptions, announced on Friday, span across 20 categories, which notably include computers and laptops, semiconductor ...
Investing.com -- Russia, the world’s second-largest oil exporter and natural gas producer, has outlined its energy strategy for the next quarter century. The strategy foresees stable crude production and a significant increase in natural gas production and exports.The new energy strategy, published by the Russian government on Monday, targets natural gas exports of 293 billion cubic meters (bcm) ...
By Saeed Azhar and Niket Nishant(Reuters) -Goldman Sachs surpassed first-quarter profit estimates, fueled by stock traders who capitalized on volatile markets to bring in record equities revenue, but the bank’s CEO warned of a difficult environment ahead.The Wall Street bank joined rivals JPMorgan Chase (NYSE:JPM) and Morgan Stanley in reporting higher profits, but investors are more focused on ...
Investing.com -- Morgan Stanley has upgraded its rating on BYD Company (OTC:BYDDY) Limited to “overweight” from “equal-weight,” raising its price targets on the company’s H- and A-shares, citing strong fundamentals and growing global clout in the electric vehicle sector.The brokerage lifted its price target for BYD’s H-shares to HK$438 from HK$307 and for its A-shares to Rmb433 from Rm ...