Chinese Steel Exports to Drop as Barriers Mount, Says Goldman
The blowout in Chinese steel exports has likely peaked, as trade barriers mount and domestic production falls, according to Goldman Sachs Group Inc.
Exports climbed last year to a nine-year high of 111 million tons, but are forecast to moderate by 3% in 2025 before dropping more sharply by a third in 2026, the bank said in a note on Friday. The biggest headwind to sales is the substantial number of ongoing anti-dumping investigations around the world, the bank said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
AMD's press conference won Computex 2025
When you buy through links on our articles, Future and its syndication partners may earn a commission. Of all the chipmakers at Computex, AMD had the most announcements for consumers and enthusiasts. But don't get too excited — Qualcomm, Intel, and Nvidia set a low bar. AMD's Jack Huynh, SVP and GM of Computing and Graphics, hosted the company's Computex press conference. While AMD's conference was held off-site, it just may have been the most interesting speech of the show. Huynh kicked off with gaming announcements, unveiling the Radeon RX 9060 GPU, new Ryzen AI Pro processors, and improvements to its FSR ("FidelityFX Super Resolution") upscaling and frame generation technology. So, what's new from AMD this summer? To set the stage for Redstone, Huynh recapped the success of the Project Amethyst partnership with Sony to improve FSR into the fourth iteration. FSR 4 was released earlier this year with the RDNA 4 Radeon RX 9070 GPUs and will be improved with FSR Redstone when it is released later this year. It is also currently supported in 60 games, with more to come. FSR Redstone will be available on all RDNA 4 GPUs, and at launch, 40 games will support Redstone super sampling. Redstone brings machine learning enhancements like advanced radiance caching, machine learning ray regeneration, and machine learning frame generation. These advanced features will become available as an update to AMD's FSR 4 super sampling software later this year. AMD's more budget-friendly Radeon RX 9060 XT GPU features RDNA 4 architecture and offers all the advantages of FSR 4 for just $349 for the 16GB model, and $299 for the 8GB variant. If you're hoping to get your hands on the latest AMD graphics card, the Radeon RX 9060 XT will go on sale on June 5, 2025. While the Radeon RX 9060 XT is a less powerful GPU than the Radeon RX 9070 and 9070 XT, it gets all the same benefits of FSR 4, including frame generation and the upcoming Redstone improvements. Huynh recapped the Ryzen AI 300 series' successes, though some of AMD's claims are a bit suspect. AMD claims the Ryzen AI Max+ 395 is 15% faster than Apple's M4 Pro 12-core CPU. Based on our own testing, this is true on the Geekbench 6 multicore benchmark, but the M4 Pro wins in more real-world benchmarks, like the PugetBench for Adobe suite. As for new announcements in this segment, AMD has brought the power of the new Ryzen AI Pro 300 chipsets with new devices by Asus. 'If you're a fan of AMD technology,' Huynh enthused, 'you're a fan of Asus innovation.' Asus is expanding the ExpertBook P-series lineup to include AMD CPUs on desktops, mini-PCs, and laptops. It is also offering monitors with Free-Sync compatibility. While AMD's workstation Threadripper Pro 7000 series CPUs are relatively unmatched in terms of raw computing power, the company is upgrading the chip to a new generation on the 4-nanometer Zen 5 architecture. With up to 96 cores and 192 threads, the Threadripper 9000 series is the ultimate chip for those who believe 'bigger is better.' While Apple's Ultra processors and Intel's Xeon line are in a similar class, neither company has gone as heavily into the over-spec segment as AMD's Threadripper lineup. Of course, there are often diminishing returns by adding so many additional cores and threads, which is why Intel ditched hyperthreading on the Arrow Lake platform. However, there will always be exceptions. And that's the Threadripper gamble. Previous iterations of the chip have often proved AMD correct in the benchmark stakes, as the Threadripper 7980 outperforms even the Epyc 7773X data center CPU in Cinebench 2024. So if you want the most powerful workstation chip to power your special effects business, like AMD partner WetaFX, the Threadripper 9000 Series is worth the excitement. And if you need more endorsement than the facts, WetaFX's Daniel Seah told James Cameron 'who is like a god,' that he couldn't meet to talk about the next Avatar film because 'I have to go to Taipei for AMD.' AMD also announced the Radeon AI Pro 9700 GPU to further support the desktop workstation ecosystem. AMD has also announced ROCm support for the Radeon RX 9000 series and AMD Ryzen AI Max APUs, with support for additional hardware and Linux operating systems like RedHat coming later this year. ROCm is also expanding Windows support to Pytorch and ONNX-EP. AMD announced the most new chips and software support at Computex, thanks to its expanded gaming, professional, and workstation lineup. The Asus ProArt P16 nails local AI and beats MacBooks — but it doesn't come cheap The Acer Swift X 14, a favorite of creators, is being refreshed for 2025 Jensen Huang at Computex: "It's not because we don't love GeForce, GeForce got us here."
Yahoo
an hour ago
- Yahoo
Do you have buyer's remorse about your new degree? It's OK, these CEOs studied subjects that aren't related to their industries
As freshly minted college graduates look ahead to a tough job market, some may be wondering how useful their degrees might be. But for those looking to climb the ladder in Corporate America, the path to success doesn't always run through business school. Some top CEOs studied subjects that have nothing to do with their industries. If you just got a degree in medieval studies, then congratulations. But if you're not going to pursue that subject further in grad school, then you may be wondering how useful it is in today's job market. Buyer's remorse for new college graduates is nothing new. But those entering the workforce now are facing a slowing economy, high uncertainty among businesses amid President Donald Trump's tariffs, and AI eliminating many entry-level jobs. A deep dive into the leadership of the Fortune 500 shows that many, many, many, many CEOs did indeed get a bachelor's degree in business or a master's degree in business administration. Also, tech bosses often have engineering degrees, finance chiefs have economics or accounting degrees, and pharmaceutical CEOs have medical degrees. But there's still hope. For those looking to climb the ladder in Corporate America, the path to success doesn't always run through business school. Some top CEOs studied subjects that have nothing to do with their industries. A notable example is LinkedIn cofounder and founding CEO Reid Hoffman, who has a bachelor's in 'symbolic systems' from Stanford University, which says it integrates computer science, linguistics, math, philosophy, psychology, and statistics. He then got a master's degree in philosophy from Oxford University. In 2017, he told Business Insider that 'philosophy is a study of how to think very clearly,' and it's been useful in investing and being an entrepreneur. 'Formulating what your investment thesis is, what the strategy is, what the risks with the approach are, what kinds of things you would be doing with it, are all greatly aided by the crispness of thinking that comes with philosophical training,' he added. Similarly, Palantir CEO and cofounder Alex Karp got bachelor's in philosophy from Haverford College, a JD from Stanford Law School and a PhD in neoclassical social theory from Goethe University in Frankfurt. Despite running a data-mining software company that offers AI-powered platforms to governments and businesses, he has said he learned coding on the job. He told the New York Times last year that not getting a business degree actually helped. 'There's nothing that we did at Palantir in building our software company that's in any MBA-made playbook. Not one,' he explained. 'That's why we have been doing so well.' Karp revealed that 'the single most valuable education I had for business' came at the Sigmund Freud Institute, a psychoanalysis research center, where he worked while getting his doctorate. 'You'd be surprised how much analysts talk about their patients. It's disconcerting, actually. You just learn so much about how humans actually think,' he said, adding that he used that knowledge to help motivate his engineers. Among Fortune 500 CEOs, Airbnb's Brian Chesky has a bachelor of fine arts from the Rhode Island School of Design. According to the company, his creative roots are embedded in Airbnb's culture, product and community. 'This design-driven approach has enabled a system of trust that allows strangers to live together, and created a unique business model that facilitates connection and belonging,' it says. Here are some other Fortune 500 leaders who have less conventional educational backgrounds: Juan Andrade, CEO of financial services firm USAA, has a bachelor's in journalism and political science from the University of Florida and a master's in international economics and Latin American studies from the Johns Hopkins University School of Advanced International Studies. Leon Topalian, CEO of steelmaker Nucor, has a bachelor's in marine engineering from the Massachusetts Maritime Academy. Maria Black, CEO of human resources services provider ADP, has a bachelor's in political science and international affairs from the University of Colorado, Boulder. Laura Alber, CEO of home furnishings chain Williams-Sonoma, has a bachelor's in psychology from the University of Pennsylvania. Richard Hayne, CEO of retailer Urban Outfitters, has a bachelor's in social relations from Lehigh University. This story was originally featured on
Yahoo
an hour ago
- Yahoo
Will $5,000 Invested in Amazon Stock Make You $100,000 in a Decade?
A recent survey conducted by Charles Schwab found that Amazon was the third most-purchased stock among retail investors in May. Amazon's strong position in online retail, digital advertising, and cloud computing services could drive double-digit revenue growth through 2030. Amazon has developed about 1,000 generative artificial intelligence applications to improve the efficiency of its retail operations, which should lead to higher profit margins. 10 stocks we like better than Amazon › Amazon (NASDAQ: AMZN) stock has fallen 3% year to date while the S&P 500 (SNPINDEX: ^GSPC) has advanced 3%. But Wall Street anticipates a stronger performance from the retail giant over the next year. The median target price among 71 analysts is $240 per share, which implies 13% upside from its current share price of $212. Tariffs are a big reason the stock has struggled in 2025, but sentiment appears to be on the upswing since the Trump administration de-escalated trade tensions with China. A recent survey from Charles Schwab shows Amazon was the third most-popular stock among retail investors in May. Can Amazon turn $5,000 invested today into $100,000 over the next decade? Here are my thoughts. Amazon has a strong position in three growing industries. The company operates the most popular online marketplace worldwide as measured by traffic, and it is the largest online retailer as measured by revenue. Amazon is also the third-largest ad tech company, and Amazon Web Services (AWS) is the largest public cloud. The investment thesis is simple: Amazon's strong position in those industries should drive double-digit sales growth annually through the end of the decade. I say that because those industries are expanding at a double-digit pace. The estimates below come from Grand View Research: Retail e-commerce sales are projected to grow at 11.6% annually through 2030. Ad tech spending is forecast to increase at 14.4% annually through 2030. Cloud computing sales are projected to grow at 20.4% annually through 2030. Additionally, Amazon should become more profitable over time as two tailwinds drive its margins higher. First, the company is building 1,000+ generative artificial intelligence (AI) applications to automate and optimize tasks like coding, customer service, inventory management, and logistics. It's also infusing warehouse robots with generative AI so human workers can instruct them in natural language. Second, digital advertising and cloud computing services earn higher margins than retail. Amazon in the first quarter reported double-digit sales growth in its advertising and cloud segments versus single-digit sales growth in its retail segments. That means the high-margin revenue streams are increasing more quickly, which will lift its total profit margin over time. As a caveat, Amazon could struggle with tariffs in the near term. About one-third of sellers on the marketplace are based in China, and those brands account for a material percentage of advertising revenue. However, to quote portfolio managers at Baron Capital, "The company has repeatedly proven its ability to navigate complex environments and emerge stronger." Wall Street estimates Amazon's earnings will increase at 10% annually through 2026. That makes the current valuation of 35 times earnings look expensive, but I suspect analysts are underestimating the company. Amazon topped the consensus estimate by an average of 21% in the last six quarters. I think that trend will continue due to its strong position in three growing industries. Amazon stock must increase 20-fold (1,900%) to turn $5,000 into $100,000 during the next decade. Returns of that magnitude are possible, but they happen infrequently. In fact, only five stocks in the S&P 500 increased at least 20-fold during the last decade as of June 12, 2025. They are listed below: Nvidia: +27,250% Advanced Micro Devices: +5,030% Axon Enterprise: +2,180% Texas Pacific Land: +2,050% Fair Isaac: +1,910% However, I doubt Amazon can generate a 20-fold return in the next decade simply because the company is already worth $2.3 trillion. And multiplying that number by 20 would take its market value to $46 trillion, which is approximately what the entire S&P 500 is worth today. That seems an unlikely outcome. Nevertheless, I think Amazon is a worthwhile long-term investment at its current price. The company has a strong position in three growing industries and a track record for beating Wall Street's earnings estimates. That combination led to Amazon stock outperforming the S&P 500 by 40 percentage points over the last three years, and I expect continued outperformance in the next three years. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Charles Schwab is an advertising partner of Motley Fool Money. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon, Axon Enterprise, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Axon Enterprise, and Nvidia. The Motley Fool recommends Charles Schwab and Fair Isaac and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy. Will $5,000 Invested in Amazon Stock Make You $100,000 in a Decade? was originally published by The Motley Fool
