Investing.com -- The chief economist at Apollo Global Management (NYSE:APO) Inc. has warned that a potential US recession could significantly increase the country’s budget deficit, despite the potential savings from lower interest rates. Torsten Slok’s analysis suggests that a two percentage point drop in interest rates could lead to savings of around $500 billion in annual interest payments. ...
By Shivansh Tiwary(Reuters) -United Airlines shares rose on Wednesday after it said forward bookings were stable so far in the current quarter despite tariff-induced economic uncertainty. Shares of the carrier were up 3% and on track to recover some of their losses from what has been a tumultuous last few months for U.S. airlines. The shares have fallen 31% this year.Trump’s trade policies and s ...
Investing.com -- Mizuho upgraded Cloudflare Inc (NYSE:NET) to “Outperform,” citing strengthening sales pipelines, rising adoption of its Workers AI product, and a favorable setup for growth reacceleration in the second half of 2025.“Our recent checks on NET were more favorable than we expected,” the analysts wrote, highlighting large-deal activity and growing momentum for AI inferen ...
By Christy Santhosh and Puyaan Singh(Reuters) -Medical device maker Abbott Laboratories (NYSE:ABT) maintained its annual profit forecast on Wednesday and said it expected the U.S. tariffs to hit earnings by a "few hundred million dollars".Shares rose 6% in morning trade, as the company also announced $500 million in new investments in manufacturing and research projects in Illinois and Texas.The ...