US and NATO allies warn of increasing Iranian threats in Europe, North America
'We are united in our opposition to the attempts of Iranian intelligence services to kill, kidnap, and harass people in Europe and North America in clear violation of our sovereignty,' the joint statement released on Thursday said.
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Yahoo
14 minutes ago
- Yahoo
Trump's tariffs and the tax bill are splitting the stock market. Here's the playbook for investors, according to Morgan Stanley.
Trump's policies are splitting the stock market, Morgan Stanley says. The bank said it believes Trump's tariffs and tax bill are splitting parts of the market in half. It says there are a handful of things for investors to look for when deciding where to put their money. President Donald Trump's policies are splitting the market into distinct camps, Morgan Stanley says. Lisa Shalett, the chief investment officer of the bank's wealth management arm, pointed to the effects of Trump's tax bill and his sweeping tariffs in a recent podcast. "Now, as the impacts of the tax reform bill and global tariff implementation begin to roll through the economy, we sense that yet another series of great divides are opening up," Shalett said. Here are the splits that are emerging: 1. Consumer-facing businesses vs. B2B businesses Businesses that sell directly to consumers are more impacted by any potential weakening fo household balance sheets, a risk that business-to-business firms are less worried about. Market pros believe that tariffs could weaken consumers' spending power, as companie can pass along the cost of import duties by raising prices. Shalett added that those pressures are coming at an already critical time for consumers, pointing out that more Americans are falling behind on credit card and auto loan payments. The job market is also flashing signs of weakness, with payrolls in May and June seeing a large downward revision, while job growth for the month of July was below expectations. A weaker labor market often leads to a pullback in consumer spending. 2. Multinational exporters vs. importers Multinational exporters outside of the consumer space are facing "fewer external barriers" to sending products abroad, Shalett said, suggesting they were more shielded from the trade war. Those firms are also benefitting from a weaker US dollar, which is making their products more attractive to foreign customers, Shalett added. Multinational firms are also typically more capital- and research & development-intensive, she said. That also positions them to benefit more from the tax benefits outlined in the "One Big Beautiful Bill," which creates favorable tax treatment for domestic R&D costs. "So, with this new structural division emerging, global stock selection is more important now than ever," Shalett said. Here are some characteristics of the companies investors should be leaning toward, in Shalett's view: Multinational non-consumer exporters. Tailwinds for these companies should continue, Shalett said. Select tech, financials, industrials, energy, and healthcare stocks. Stocks in these areas could benefit from some of the policies included in Trump's tax bill, which could lead to upside surprises in earnings and cash flow. Stocks that aren't "overhyped." International stocks, commodities, and energy infrastructure. Companies in these areas could help an investor diversify their portfolio, she added. Sentiment has shifted slightly more bearish in the last week, with Trump doubling down on tariff threats and markets digesting weaker-than-expected economic data. Goldman Sachs, Evercore ISI, Stifel, Pimco, and HSBC are among the firms that have recently flagged the risk of a stock correction or advised investors to rethink their portfolio allocations. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
14 minutes ago
- Yahoo
Suspect in killings of Israeli Embassy staffers indicted on federal hate crime charges
The man accused of fatally shooting two staff members of the Israeli Embassy in Washington, D.C. outside a Jewish museum has been indicted on federal hate crimes charges, according to court documents unsealed Wednesday. Elias Rodriguez is accused of gunning down Yaron Lischinsky and Sarah Milgrim as they left an event at the museum in May. He was heard shouting 'Free Palestine' as he was led away after his arrest. He told police, 'I did it for Palestine, I did it for Gaza,' federal authorities have said. Lischinsky, a 30-year-old diplomat, was just days away from proposing to 26-year-old Milgrim, a colleague at the embassy who grew up in Kansas, before the killings. The indictment, filed in federal court in Washington, charges Rodriguez with nine counts, including a hate crime resulting in death. The indictment also includes notice of special findings, which would allow the Justice Department to potentially pursue the death penalty. Rodriguez had previously been charged with murder of foreign officials and other crimes and the hate crimes charges were added after prosecutors brought the case to a grand jury. It means prosecutors will be tasked with proving Rodriguez was motivated by antisemitism when he opened fire on Lischinsky and Milgrim. Prosecutors have described the killings as calculated and planned, saying Rodriguez flew to the Washington region from Chicago ahead of the Capital Jewish Museum event with a handgun in his checked luggage. He purchased a ticket for the event about three hours before it started, authorities have said in court papers. Witnesses described him pacing outside before approaching a group of four people and opening fire. Surveillance video showed Rodriguez advancing closer to Lischinsky and Milgrim as they fell to the ground, leaning over them and firing additional shots. He appeared to reload before jogging off, officials have said. After the shooting, authorities say Rodriguez went inside the museum and stated that he 'did it.' 'I did it for Palestine, I did it for Gaza, I am unarmed,' he spontaneously said, according to court documents. He's also accused of telling detectives that he admired an active-duty Air Force member who set himself on fire outside the Israeli Embassy in February 2024, describing the man as 'courageous' and a 'martyr.' The young couple had been together just over a year and a half and was due to travel to Israel, where Lischinsky was going to ask Milgrim to marry him. He had already purchased the ring and was going to propose in Jerusalem, Yechiel Leiter, the Israeli ambassador to Washington, said in May. 'Instead of walking you down the aisle, we are walking with you to your graves,' Israeli diplomat and spokesperson Tal Naim said in a post on social media. 'Just this morning, we were still laughing together by the coffee corner — and now, all that remains is a picture.'
Fox News
17 minutes ago
- Fox News
Sen. Slotkin argues Mamdani represents 'new generation' of Democrats young voters want
Slotkin argued that Mamdani becoming the Democratic Party's mayoral nominee in New York City is a warning that young people want young leaders who can address the cost of living crisis.
