Ed Yardeni suggests the stock market is optimistic about the US economy’s resilience despite tariff-related uncertainty. He anticipates a potential 15% base tariff with the EU, impacting American businesses and consumers. While the US remains a favored investment, the rise of autonomous vehicles poses long-term challenges for the global auto sector, potentially reducing the need for individual car ownership.
ONGC picks BP as tech partner for Western Offshore fields
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping