Modi Must Hold the Line on Food and Fuel Trade
From dismantling its protectionist 'inspector raj,' to cutting duties on Tesla Inc. cars, and treating Amazon.com Inc. and Walmart Inc. on a par with domestic retailers, India is under pressure on many fronts in its trade talks with the US.
While concessions in several of these areas will be beneficial to Indians, the sticking points will be food and fuel.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Times
18 minutes ago
- New York Times
China Walks a Line in U.S. Trade Talks, Trying Not to Overplay Its Hand
In its high-stakes trade talks with the United States, China has been trying to strike a balance in how it wields its market clout. It controls the world's supply of rare earth metals and magnets. And it has withheld supplies of the materials — crucial ingredients in everything from cars to fighter jets — as leverage. At the same time, Beijing knows it must not overplay its hand by pushing Washington so hard that the United States feels compelled to make the long-term investments needed to break its dependence on China. This delicate dynamic was underlined in an apparent compromise the countries reached on Tuesday in London. Commerce Secretary Howard Lutnick said China's negotiators had agreed to resume sending rare earths to American companies. The Chinese government did not confirm this. But on Wednesday afternoon, the JL Mag Rare-Earth Company, a leading magnet producer in Ganzhou, China, said in a public disclosure that it had been issued licenses by China's Ministry of Commerce for sales of nonmilitary magnet exports to the United States, Europe and Southeast Asia. China has a long history of using government policy to control markets, periodically flooding countries with very low-priced Chinese supplies. That has driven many of China's overseas rare earth competitors out of business. Want all of The Times? Subscribe.
Yahoo
23 minutes ago
- Yahoo
'They Went Too Far': Elon Musk Just Walked Back Some Of His Explosive Criticism Of Trump
Elon Musk on Wednesday conceded that some of his recent, sharp criticism of Donald Trump 'went too far,' in an apparent effort to mend ties with the president after their nasty public feud. In a post on his social media platform X, formerly Twitter, Musk made his most overt offer yet to bury the hatchet. 'I regret some of my posts about President @realDonaldTrump last week,' Musk wrote. 'They went too far.' Musk didn't clarify which posts he was referring to. About a week after he left his post at the White House, Musk condemned Trump's 'big, beautiful bill,' urging Americans to kill the legislation, describing it as a 'disgusting abomination.' In response, Trump threatened to revoke the government contracts Musk's companies have secured, prompting the billionaire to turn his attacks up a notch. 'Time to drop the really big bomb,' Musk wrote Thursday. '[Trump] is in the [Jeffrey] Epstein files. That is the real reason they have not been made public.' The White House had promised to release the full documents related to the disgraced financier's case, but what was ultimately put out was largely already known. Musk also at one point seemed to call for the president's impeachment — another stunning development given his prominent role in Trump's 2024 presidential campaign. Musk appears to have since deleted both posts. Trump over the weekend told NBC's Kristen Welker he has no interest in repairing their relationship. But the president has since appeared more open to rapprochement. Asked if he plans to speak to Musk, Trump told reporters on Monday: 'I would imagine he wants to speak to me, I would think so.' 'If I were him I'd want to speak to me,' he added. Even before Wednesday's explicit acknowledgement of his regret for some of his criticism of Trump, Musk has signaled he was ready for a truce. The Tesla and SpaceX CEO seemed to applaud Trump's response to the protests in Los Angeles, amplifying social media posts by the president and his allies about the immigration protests. The billionaire donated nearly $300 million to Trump's 2024 White House bid and served as a top surrogate on the campaign trail. Elon Just Couldn't Stop Posting About Trump — And Experts Say It's Very Revealing Trump Reveals What's Next For That Tesla He Bought From Elon Musk Jon Stewart Busts Biggest Right-Wing Myth About 'F**king Pussies' Trump And Elon Musk
Yahoo
28 minutes ago
- Yahoo
Quanex Building Products Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Quanex Building Products Corporation (NYSE:NX) just released its second-quarter report and things are looking bullish. It was overall a positive result, with revenues beating expectations by 3.0% to hit US$452m. Quanex Building Products also reported a statutory profit of US$0.44, which was an impressive 54% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Quanex Building Products after the latest results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the most recent consensus for Quanex Building Products from four analysts is for revenues of US$1.85b in 2025. If met, it would imply a meaningful 14% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 323% to US$1.58. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$1.85b and earnings per share (EPS) of US$1.48 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates. See our latest analysis for Quanex Building Products The consensus price target was unchanged at US$33.75, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Quanex Building Products analyst has a price target of US$38.00 per share, while the most pessimistic values it at US$28.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Quanex Building Products' growth to accelerate, with the forecast 29% annualised growth to the end of 2025 ranking favourably alongside historical growth of 9.0% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.4% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Quanex Building Products to grow faster than the wider industry. The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Quanex Building Products following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Quanex Building Products going out to 2026, and you can see them free on our platform here.. Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Quanex Building Products (2 can't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
