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The U.S. budget deficit is projected to narrow to $1.70 trillion in the 2025 fiscal year, aided by increased tariff revenues and spring tax collections, according to Wells Fargo analysts. Despite current tariffs not yet boosting customs receipts significantly, expectations are for revenues to rise to $20 billion per month by May. However, concerns remain about the tariffs' impact on inflation and economic activity, with a forecasted deficit widening to $2.0 trillion in the following year due to a weaker economy and proposed tax cuts.
Truist Financial has reduced its price target for Fifth Third Bancorp from $52 to $44, maintaining a "buy" rating, while Keefe, Bruyette & Woods lowered theirs from $47 to $42 with a "market perform" rating. Currently, the stock has a "Moderate Buy" average rating and a price target of $46.24, with a recent opening price of $35.08. The company reported earnings of $0.73 per share, exceeding estimates, and declared a quarterly dividend of $0.37, yielding 4.22%.
Super Micro Computer is gaining analyst attention for its strong position in the AI server market, though competitive pressures and macroeconomic concerns may impact margins. Opko Health is working towards self-funding with a focus on its therapeutics pipeline, while Hasbro has been upgraded to Buy due to the success of its Wizards of the Coast division, which is expected to drive growth despite external challenges.
Citigroup offers a dividend yield of 3.5%, having improved its financial performance in early 2025, but its past struggles during the Great Recession raise concerns. In contrast, Toronto-Dominion Bank, with a higher yield of 4.9%, has maintained its dividend and seen a share price increase despite current challenges.
Huawei has introduced the Ascend 920 AI chip, designed to counter U.S. sanctions and Nvidia's dominance in the Chinese AI market. Built on a 6nm process, it boasts 900 TFLOPS and 4000GB/s memory bandwidth, promising 30-40% faster performance than its predecessor and potentially outperforming Nvidia's H20 processor. The chip is set for mass production soon, aiming to meet the demands of major Chinese companies like ByteDance, Alibaba, and Tencent.
The Shanghai Motor Show has become the world's largest automotive event, attracting nearly a million visitors and showcasing over 100 world premieres, including electric vehicles and futuristic flying cars. China's strategic investments and regulatory support have positioned it ahead of European competitors, as the country emphasizes innovation in mobility and electric vehicle technology. In contrast, Europe struggles with fragmented motor shows, with the Geneva event now closed and the IAA Mobility held biennially.
Huawei has made significant progress in the Chinese PC market, shipping approximately 4.3 million units in 2024, securing an 11% market share and becoming the second-largest notebook maker. The company is transitioning to its self-developed HarmonyOS, moving away from Windows due to expiring licenses and U.S. sanctions, with plans to launch HarmonyOS PC next month. Meanwhile, Huawei has introduced several MateBook Linux Editions, allowing users to install Windows if desired without losing other features.
Elon Musk's xAI Holdings is reportedly in discussions to secure $20 billion in funding, according to Bloomberg News. This move highlights the company's ambitions in the artificial intelligence sector as it seeks to expand its operations and influence.
Indonesia's Quick Response Code Indonesian Standard (QRIS) payment system is expanding regionally, now compatible with systems in Singapore, Malaysia, and Thailand, despite US criticisms regarding trade barriers. With over 56 million users and 2.6 billion transactions, QRIS is a key part of Indonesia's digital transformation strategy, projected to boost the digital economy to $146 billion by 2025. The introduction of QRIS Tap, utilizing NFC technology, further enhances its appeal, positioning Indonesia as a leader in the growing global QR payments market.
Ms. Pham Thi Nhung has been appointed as the new Chairman of the Board of Directors of GPBank, effective April 25, 2025. Currently a member of VPBank's Board, she will resign from her role as VPBank's Permanent Deputy General Manager to comply with regulations. This leadership change is part of GPBank's restructuring plan under VPBank's ownership, aimed at stabilizing and revitalizing the bank's operations.
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