The Strategist
Markets & Industries

BP: demand for oil will peak in 2025 - 07/12/2024

Global oil demand is expected to peak at 102 million barrels per day in 2025, according to British oil and gas major BP. The latest version of the BP Energy Outlook report forecasts that energy produced by wind and solar power facilities would increase dramatically at the same time. The two global energy development scenarios that BP researchers take into consideration are the one that follows...

Experts: Q2 profit of S&P 500 companies rise by the maximum in 2 years - 07/09/2024

Analysts surveyed by FactSet believe that US corporations whose shares are used to calculate the S&P 500 stock index saw their profits rise by about 9% in the second quarter, marking the biggest growth since the start of 2022. The S&P 500 has increased by almost 16% since the beginning of 2024 thanks to increases in the stock prices of a select group of major technology companies, such as...

Western banking giants cut investment banking staff in China by 13% in 2023 - 07/03/2024

According to the Financial Times' calculations based on recently disclosed annual reports, the "Big seven" Western financial firms cut the number of employees in their investment banking divisions in China last year by 13%, or 1.781 thousand individuals, which is the largest reduction in many years. These include JPMorgan Chase & Co., UBS, HSBC, Credit Suisse, Deutsche Bank, Morgan Stanley,...

Super Micro Computer becomes S&P 500 growth leader in the first half of 2023 - 07/02/2024

Among the firms used to calculate the S&P 500 U.S. stock index, Super Micro Computer's shares emerged as the most rapidly growing in the first half of the year, according to MarketWatch. The company’s stock price increased by 188%, or 2.9 times. According to MarketWatch, this was made possible by the industry's overall upswing in anticipation of a growth in the need for AI technologies as well as...

Leading US banks to increase dividends after successful Fed stress tests - 07/02/2024

Major US banks plan to boost their dividend payments to shareholders after passing the stress tests conducted by the Federal Reserve. The Fed came to the conclusion that the banks could survive a significant economic downturn, and as a result, they intend to release excess capital to shareholders. JPMorgan Chase & Co. intends to increase its quarterly dividend to $1.25 per share from $1.15...

Cargo ships and containers are piled up in Singapore due to shelling in the Red Sea - 06/28/2024

According to Reuters, cargo ships in Singapore, the world's largest seaport, must wait days to be loaded and unloaded. This resulted from the Houthis' bombardment of merchant ships in the Red Sea, which hampered the flow of cargo. The Red Sea is constantly under attack, therefore ship operators would rather take longer routes around Africa.  There are fewer actual journeys now that ships...

UN records decline in global FDI - 06/24/2024

A report by the United Nations Conference on Trade and Development (UNCTAD) shows that worldwide foreign direct investment (FDI) flows decreased by 2% to $1.33 trillion in 2023 amid general concern about the prospects for global economic development. According to UNCTAD data, the amount of foreign direct investment (FDI) flowing globally in 2023 decreased by 2% to $1.33 trillion. Amidst the...

CSIS: China has invested $230 bln in electric vehicle production since 2009 - 06/24/2024

The Chinese government has invested at least $231 billion in the establishment and growth of the country's electric car industry between 2009 and 2023. This is reported in a study released by the Center for Strategic and International Studies (CSIS), a US-based organization. Scott Kennedy, the director of CSIS's China Economy and Business Research Unit, estimates that this amounts to roughly...

Arm chipmaker's securities will join Nasdaq 100 instead of Sirius shares - 06/17/2024

Before the U.S. market opens on June 24, American Depositary Shares (ADSs) of British chipmaker Arm Holdings plc will be added to the Nasdaq 100 index, the Nasdaq exchange operator announced in a press statement. The securities will replace papers of American radio broadcaster Sirius XM Holdings. The Nasdaq 100 comprises shares of the 100 non-financial issuers with the highest market...

Global chip sales up 15.8% year-on-year in April - 06/10/2024

Global chip sales reached $46.4 billion in April, up 15.8% year over year, according to a Semiconductor Industry Association (SIA) press release. The number grew by 1.1% from March. SIA President and CEO John Neuffer stated, "The global semiconductor industry has posted double-digit year-over-year growth rates in every month of 2024, with month-over-month sales increasing in April for the first...
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