For a company that is generating earnings, the P/E ratio is a straightforward way to see how much you are paying for each dollar of profit. It ties the share price directly to the bottom line, which many investors focus on first when comparing opportunities. Our Discounted Cash Flow (DCF) analysis suggests Li Auto is undervalued by 23.8%. Track this in your watchlist or portfolio , or discover 884...
For a company that is generating earnings, the P/E ratio is a straightforward way to see how much you are paying for each dollar of profit. It ties the share price directly to the bottom line, which many investors focus on first when comparing opportunities. Our Discounted Cash Flow (DCF) analysis suggests Li Auto is undervalued by 23.8%. Track this in your watchlist or portfolio , or discover 884 more undervalued stocks based on cash flows . Discounting those projected cash flows back to today results in an estimated intrinsic value of US$21.81 per share. Compared to the latest share price of US$16.63, this implies a 23.8% discount, which indicates the shares are currently priced below this DCF estimate. For Li Auto, the model used is a 2 Stage Free Cash Flow to Equity approach, based on cash flows in CN¥. The latest twelve month free cash flow is a loss of CN¥9,532.48 million, while analysts and internal estimates point to projected free cash flow of CN¥14,363.00 million by 2030. Between 2026 and 2035, the model uses a mix of analyst inputs and extrapolated figures from Simply Wall St to build a ten year cash flow path. A Discounted Cash Flow model takes estimates of the cash a company could generate in the future, then discounts those cash flows back to today to arrive at an estimated intrinsic value per share. Against this backdrop, Li Auto currently has a valuation score of 3 out of 6 . This reflects the checks where it screens as undervalued. Next we will walk through the key valuation methods behind that score and point you to an even better way to think about value at the end of the article. Recent coverage has focused on Li Auto's position in the electric vehicle space and how sentiment around the sector has influenced trading activity in the stock. These headlines provide useful context when you look at the share price moves over the last 3 and 5 years, where returns of a 33.5% decline and 45.2% decline respectively have been recorded. Li Auto's shares mos...
India ’s newly unveiled budget signals a bid to cement its status as a global manufacturing powerhouse through a raft of policy measures, but analysts say the US$630 billion allocation will still require supplement as the country seeks new markets to diversify its trade. The measures, rolled out in Finance Minister Nirmala Sitharaman’s budget speech on Sunday, are seen to have addressed two critic...
India ’s newly unveiled budget signals a bid to cement its status as a global manufacturing powerhouse through a raft of policy measures, but analysts say the US$630 billion allocation will still require supplement as the country seeks new markets to diversify its trade. The measures, rolled out in Finance Minister Nirmala Sitharaman’s budget speech on Sunday, are seen to have addressed two critical issues – creating jobs for young workers, comprising the world’s largest youth pool, as well as ensuring that the country is able to leverage several free-trade agreements to significantly boost exports. Funds allocated to manufacturing industries include 100 billion rupees (US$1 billion) to establish India as a biopharma hub, 100 billion rupees for container manufacturing and 50 billion rupees for semiconductor and display manufacturing. Advertisement The total budget marked a 7.7 per cent increase from last year’s estimates. Indian Finance Minister Nirmala Sitharaman says the government will scale up manufacturing in key sectors and revive legacy industrial clusters to boost efficiency. Photo: EPA Sitharaman said the government would scale up manufacturing in seven strategic sectors including biopharma, semiconductors, electronics components and rare earth magnets. Three chemical production parks will be set up to reduce import dependency.
hapabapa/iStock Editorial via Getty Images When Amazon ( AMZN ) reports their Q4 ’25 financial results after the closing bell on Thursday, February 5th, 2026, the retail and Amazon Web Services (AWS) giant will surpass the $700 billion in revenue mark for the first time in its history. You can’t talk Amazon without talking Walmart ( WMT ) - at least I can’t - and while Walmart passed the $700 bill...
hapabapa/iStock Editorial via Getty Images When Amazon ( AMZN ) reports their Q4 ’25 financial results after the closing bell on Thursday, February 5th, 2026, the retail and Amazon Web Services (AWS) giant will surpass the $700 billion in revenue mark for the first time in its history. You can’t talk Amazon without talking Walmart ( WMT ) - at least I can’t - and while Walmart passed the $700 billion in revenue mark when reporting their fiscal Q3 ’26 quarter in November ’25, the fact is Amazon’s revenue is still growing much faster than Walmart’s, but slower than Amazon grew its first 25 years. Revenue estimates for Amazon are looking for close to $800 billion in revenue by the end of calendar ’26. Amazon and Walmart would be two businesses that look to be set on a collision course, with the US consumer being the winner of this game of chicken, but the fact is Amazon’s AWS division accounts for 18% of Amazon’s total revenue (up from 14% in December ’22) and 20% of Amazon’s total operating profit, and it gives Amazon a substantial margin advantage over Walmart. When Amazon reports their Q4 ’25 this coming Thursday night after the bell, analyst consensus is expecting $211.3 billion in revenue to generate $1.97 in EPS for y-o-y growth of 13% and 6%. Like all of the big tech companies (AMZN is actually part of the consumer discretionary sector), its capex has exploded along with the rest of the Mag 7, Mag 10, and free cash flow has been squeezed. Here’s Amazon’s dollar capex and y-o-y capex growth since June ’24: September ’25: $112.5 billion, or 52% y-o-y growth J une ’25: $100 billion, or 56% y-o-y growth March ’25: $85.3 billion, or 48% y-o-y growth December ’24: $79.5 billion, or 40% y-o-y growth September ’24: $74 billion, or 26% y-o-y growth June ’24: $63.9 billion, or 2% y-o-y growth Ranking the cloud (and thus AI) operations, AWS is thought to be #1 in the space, while Azure ( MSFT ) is #2 and Google ( GOOG , GOOGL ) is #3, and has seemed to improve its industry...
hapabapa/iStock Editorial via Getty Images When Amazon ( AMZN ) reports their Q4 ’25 financial results after the closing bell on Thursday, February 5th, 2026, the retail and Amazon Web Services (AWS) giant will surpass the $700 billion in revenue mark for the first time in its history. You can’t talk Amazon without talking Walmart ( WMT ) - at least I can’t - and while Walmart passed the $700 bill...
hapabapa/iStock Editorial via Getty Images When Amazon ( AMZN ) reports their Q4 ’25 financial results after the closing bell on Thursday, February 5th, 2026, the retail and Amazon Web Services (AWS) giant will surpass the $700 billion in revenue mark for the first time in its history. You can’t talk Amazon without talking Walmart ( WMT ) - at least I can’t - and while Walmart passed the $700 billion in revenue mark when reporting their fiscal Q3 ’26 quarter in November ’25, the fact is Amazon’s revenue is still growing much faster than Walmart’s, but slower than Amazon grew its first 25 years. Revenue estimates for Amazon are looking for close to $800 billion in revenue by the end of calendar ’26. Amazon and Walmart would be two businesses that look to be set on a collision course, with the US consumer being the winner of this game of chicken, but the fact is Amazon’s AWS division accounts for 18% of Amazon’s total revenue (up from 14% in December ’22) and 20% of Amazon’s total operating profit, and it gives Amazon a substantial margin advantage over Walmart. When Amazon reports their Q4 ’25 this coming Thursday night after the bell, analyst consensus is expecting $211.3 billion in revenue to generate $1.97 in EPS for y-o-y growth of 13% and 6%. Like all of the big tech companies (AMZN is actually part of the consumer discretionary sector), its capex has exploded along with the rest of the Mag 7, Mag 10, and free cash flow has been squeezed. Here’s Amazon’s dollar capex and y-o-y capex growth since June ’24: September ’25: $112.5 billion, or 52% y-o-y growth J une ’25: $100 billion, or 56% y-o-y growth March ’25: $85.3 billion, or 48% y-o-y growth December ’24: $79.5 billion, or 40% y-o-y growth September ’24: $74 billion, or 26% y-o-y growth June ’24: $63.9 billion, or 2% y-o-y growth Ranking the cloud (and thus AI) operations, AWS is thought to be #1 in the space, while Azure ( MSFT ) is #2 and Google ( GOOG , GOOGL ) is #3, and has seemed to improve its industry...
(RTTNews) - After a weak start, the German stock market moved higher Monday morning with a few counters attracting some buying interest. The mood in the market remained a bit cautious though as investors looked ahead to the monetary policy announcement from the European Central Bank. Geopolitical concerns continue to linger following Iran warning of an escalation in tension in the event of an atta...
(RTTNews) - After a weak start, the German stock market moved higher Monday morning with a few counters attracting some buying interest. The mood in the market remained a bit cautious though as investors looked ahead to the monetary policy announcement from the European Central Bank. Geopolitical concerns continue to linger following Iran warning of an escalation in tension in the event of an attack by the U.S. Commodity-related stocks were under pressure, weighed down by weak metal and energy prices. The benchmark DAX, which dropped to 24,339.16 in early trades, was up 101.21 points or 0.41% at 24,616.94 a few minutes before noon. Adidas moved up nearly 2.3% and Hannover Rueck climbed 2%. Deutsche Telekom and Allianz gained 1.85% and 1.7%, respectively. Fresenius moved up 1.4%. Gea Group, Munich RE, SAP, Henkel and Commerzbank gained 1 to 1.15%. E.ON, Fresenius Medical Care, Heidelberg Materials, Beiersdorf and Mercedes-Benz posted modest gains. Rheinmetall, Brenntag, Infineon Technologies and Siemens Energy lost 1 to 1.7%. Symrise drifted down 0.7%., Deutsche Bank, Bayer and Volkswagen declined marginally. Data from Destats showed German's retail sales rose 0.1% on a monthly basis in December, reversing November's 0.5% drop. Sales were forecast to grow 0.1%. On a yearly basis, retail sales posted an annual growth of 1.5% compared to an increase of 1.3% in November. The euro area manufacturing activity shrank at a slower pace in January as production returned to growth, final survey results from S&P Global showed. The final HCOB manufacturing Purchasing Managers' Index rose to 49.5 in January from a nine-month low of 48.8 in December. The flash reading was 49.4. The score has remained below 50.0 for the third successive month in January indicating contraction in the sector. Germany's manufacturing activity continued to contract for 43 straight months in January. However, the final factory PMI rose to a three-month high of 49.1 in January from 47.0 in December as ou...
Anti-ICE sentiment dominated the ceremony There are arguments to be made about the efficacy or not of celebs making political statements at awards ceremonies – some might say it is just as impotent as celebrities endorsing US presidential candidates. In the case of last night’s Grammys, we hardly need musicians to reiterate that what ICE is doing is morally reprehensible. And yet the sheer force a...
Anti-ICE sentiment dominated the ceremony There are arguments to be made about the efficacy or not of celebs making political statements at awards ceremonies – some might say it is just as impotent as celebrities endorsing US presidential candidates. In the case of last night’s Grammys, we hardly need musicians to reiterate that what ICE is doing is morally reprehensible. And yet the sheer force and variety of these statements was bracing, making it clear that the issue should remain paramount in any context. “No one is illegal on stolen land, and it’s just really hard to know what to say and what to do right now,” Billie Eilish said, reiterating a phrase popular at anti-ICE protests as she won song of the year for Wildflower. “I feel really hopeful in this room, and I feel like we just need to keep fighting and speaking up and protesting, and our voices really do matter, and the people matter. ‘Fuck Ice’ is all I want to say, sorry.” Winning the first of two R&B awards for Folded, Kehlani also called for a pan-industry stance: “Together we’re stronger in numbers to speak against all the injustice going on in the world right now … I hope everybody’s inspired to join together as a community of artists, so I’mma leave this and say: fuck ICE.” Winning best new artist, Olivia Dean said: “I’m up here as a granddaughter of an immigrant – I’m a product of bravery and I think those people deserve to be celebrated,” with all the class and subtle power of her music itself. And Bad Bunny’s speech was simply extraordinary, charged up with clarity and humanism: “ICE out. We’re not savage, we’re not animals, we’re not aliens. We are humans and we are Americans,” he said, adding: “The hate gets more powerful with more hate. The only thing that is more powerful than hate is love. Please, we need to be different. If we fight we have to do it with love. We don’t hate them … that’s the way to do it, with love. Don’t forget that, please.” For a person who had to rule out doing US conce...
Key Points Once a $55 crypto, Polkadot now trades for less than $2. Polkadot is a Layer 0 blockchain network in a world that is now dominated by Layer 1 blockchain networks. Crypto investors should avoid Polkadot and instead search out high-upside Layer 1 blockchains such as Ethereum or Solana. 10 stocks we like better than Polkadot › Five years ago, Polkadot (CRYPTO: DOT) was a high-flying crypto...
Key Points Once a $55 crypto, Polkadot now trades for less than $2. Polkadot is a Layer 0 blockchain network in a world that is now dominated by Layer 1 blockchain networks. Crypto investors should avoid Polkadot and instead search out high-upside Layer 1 blockchains such as Ethereum or Solana. 10 stocks we like better than Polkadot › Five years ago, Polkadot (CRYPTO: DOT) was a high-flying cryptocurrency that ranked among the largest in the world. But how times have changed. Polkadot no longer ranks among the top 30 cryptocurrencies and has fallen off the radar of most crypto investors. So, is it worth taking a closer look at Polkadot? At a bargain price of just $1.84, surely Polkadot must be an underrated crypto, right? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » An ugly five-year chart The answer, unfortunately, is no. Just one look at Polkadot's five-year chart tells you all you need to know. After hitting an all-time high of $55 back in November 2021, Polkadot soon cratered in value. Over the past three years, the price of Polkadot has largely flatlined, with nary a recovery in sight. Polkadot now trades at a stunning 97% discount to its all-time high. In other words, the price of Polkadot has essentially gone to zero. This tends to happen in the cryptocurrency world -- a coin or token launches to much fanfare, skyrockets in price for a short period of time, and then collapses in value, never to recover. Is a recovery for Polkadot possible? So, while a short-term recovery for Polkadot might be possible, I'm not holding my breath. The reason is simple: The investment thesis that made Polkadot such a compelling cryptocurrency play five years ago no longer rings true. When Polkadot launched in 2020, the vision was to create a decentralized internet of blockchains, all linked together by the DOT token. This would make it possible to securely move digital assets across blockch...
Revvity press release ( RVTY ): Q4 Non-GAAP EPS of $1.70 beats by $0.12 . Revenue of $772M (+5.9% Y/Y) beats by $8.93M . For the full year 2026, the Company forecasts total revenue of $2.96-$2.99 billion vs $2.94B consensus, organic revenue growth of 2-3%, and adjusted earnings per share of $5.35-$5.45 vs $5.32 consensus. More on Revvity Revvity, Inc. (RVTY) Presents at 44th Annual J.P. Morgan Hea...
Revvity press release ( RVTY ): Q4 Non-GAAP EPS of $1.70 beats by $0.12 . Revenue of $772M (+5.9% Y/Y) beats by $8.93M . For the full year 2026, the Company forecasts total revenue of $2.96-$2.99 billion vs $2.94B consensus, organic revenue growth of 2-3%, and adjusted earnings per share of $5.35-$5.45 vs $5.32 consensus. More on Revvity Revvity, Inc. (RVTY) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Revvity, Inc. (RVTY) Presents at Citi Annual Global Healthcare Conference 2025 Transcript Revvity, Inc. (RVTY) Presents at Jefferies London Healthcare Conference 2025 Transcript Revvity expects to report Q4 revenue of $772 million Revvity trades higher on earnings guidance above consensus
The Suffolk serial killer Steve Wright has pleaded guilty at the Old Bailey to killing 17-year-old Victoria Hall, his sixth murder victim. The 67-year-old had been due to go on trial for the murder of Victoria, who disappeared more than 25 years ago. He changed his plea on Monday and admitted her kidnap “by force or fraud” and murder on 19 September 1999. Wright also pleaded guilty to the attempte...
The Suffolk serial killer Steve Wright has pleaded guilty at the Old Bailey to killing 17-year-old Victoria Hall, his sixth murder victim. The 67-year-old had been due to go on trial for the murder of Victoria, who disappeared more than 25 years ago. He changed his plea on Monday and admitted her kidnap “by force or fraud” and murder on 19 September 1999. Wright also pleaded guilty to the attempted kidnap of Emily Doherty, then aged 22, in Felixstowe the day before. It is the first time Wright has admitted any killings, despite pleas from his family to come clean. He appeared in the dock of the Old Bailey in a navy and grey jumper, and spoke only to confirm his name and enter pleas. Mr Justice Bennathan said he would sentence Wright on Friday to give Victoria’s family the chance to attend and submit victim impact statements. The prosecutor Jocelyn Ledward KC confirmed Victoria’s friend Gemma Algar and Doherty would also submit statements. Wright, a former merchant seaman who is being held at HMP Long Lartin in Worcestershire, is already serving a whole-life prison sentence for the murders of five women seven years after Victoria was killed. The guilty pleas come after Bennathan ruled that jurors in his trial could be told of the murder convictions, despite his defence complaining the prejudice would be too great. View image in fullscreen Victoria Hall had left her home on the evening of 18 September 1999 for a night out with her friend in Felixstowe. Photograph: Suffolk constabulary/PA In legal argument last month, the prosecution highlighted similarities between the murders, pointing out that all six women were asphyxiated and left in similar places and that they shared a physical type. The prosecution also argued for the trial to include evidence from a sex worker who knew Wright, who would say he was familiar with the area linked to Victoria’s murder. Victoria, from Trimley St Mary in Suffolk, had left her home on the evening of 18 September 1999 for a night out ...
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For Immediate Release Chicago, IL – February 2, 2026 – Today, Zacks Investment Ideas feature highlights Microsoft MSFT, Silver ETF SLV, ProShares 2x Silver ETF AGQ, Gold ETF GLD, Direxion Gold Miners 2x Bear DUST. February Flinch: Why the Bull Market Is Due for a Breather Even the strongest bull markets require pullbacks. While U.S. equity markets enjoyed a strong start to 2026, some short-term wa...
For Immediate Release Chicago, IL – February 2, 2026 – Today, Zacks Investment Ideas feature highlights Microsoft MSFT, Silver ETF SLV, ProShares 2x Silver ETF AGQ, Gold ETF GLD, Direxion Gold Miners 2x Bear DUST. February Flinch: Why the Bull Market Is Due for a Breather Even the strongest bull markets require pullbacks. While U.S. equity markets enjoyed a strong start to 2026, some short-term warning signs are building. So Go the Leaders, So Goes the Market Yesterday, despite beating Wall Street estimates, AI leaderMicrosoft saw its worst single session drop since March 2020 during the COVID-19 pandemic – before recovering late in the session. Investors are punishing the stock primarily due to a staggering rise in CAPEX spending. MSFT announced that it spent $37.5 billion last quarter to build AI data centers – a 66% year-over-year increase. Other concerns include a slight slowdown in MSFT's cloud business and an overreliance on ChatGPT-parent and partner OpenAI for revenue. Markets tend to follow the leaders, which are currently AI stocks. The adverse reaction to Microsoft earnings is likely to put a damper on AI stocks, and thus the market, over the coming weeks. Silver Blow-Off Top Spells Danger for Market After a historical run where silver has tripled in a handful of months, silver's bull market is coming to a close in classic form - a blow-off top. Recently, the precious metal showed several warning signs, including, record trading volume, a distance above the 200-day moving average of more than 100%, and several exhaustion gaps. For those who have studied market history, such moves have occurred in the past - most notably, when the Hunt Brothers tried to corner the market in the 1980s and when the great commodity bull of the 2000s ended in 2011. Investors need to be watching this move because previous instances have had broader implications, resulting in 10% drops in the S&P 500 over the coming weeks. February Seasonality While there are several bullish tai...
Still, for credit investors and other lenders, AI is hard to resist—even if it comes with a sense of unease. The more conservative estimates from Morgan Stanley and Moody’s Ratings peg the capital expenditures at $3 trillion or more in the coming years, whereas JPMorgan projects more than $5 trillion of spending for the data center and AI boom, including related power supplies. At the same time, s...
Still, for credit investors and other lenders, AI is hard to resist—even if it comes with a sense of unease. The more conservative estimates from Morgan Stanley and Moody’s Ratings peg the capital expenditures at $3 trillion or more in the coming years, whereas JPMorgan projects more than $5 trillion of spending for the data center and AI boom, including related power supplies. At the same time, stock portfolios are bulging with richly valued AI-related stocks. (The so-called Magnificent 7 group of the biggest tech stocks, which also includes Alphabet, Apple, Nvidia and Tesla, now accounts for about a third of the S&P 500’s value.) Diversification is getting more challenging. “Portfolio managers are going to have to decide what level of AI exposure they’re willing to stomach in their portfolios,” says JPMorgan Chase & Co. credit strategist Tarek Hamid. “Your bond portfolio, which historically traded much more correlated with rates and banks’ performance, is now going to be correlated with technology companies’ performance.” Last year, AI-related companies and projects tapped debt markets for at least $200 billion—likely a significant undercount, as many deals are private. Projections are in the hundreds of billions of dollars of issuance for 2026 alone. The added demand for cash could nudge borrowing costs up across the rest of corporate America. And whether you’re an institutional investor or an individual saver, the fixed-income side of your portfolio is getting more and more AI-heavy. Blue-chip bonds, junk debt, private credit and complex asset-backed pools of loans. “The numbers are like nothing any of us who have been in this business for 25 years have seen,” says Matt McQueen, who oversees global credit, securitized products and municipal banking and markets at Bank of America Corp. “You have to turn over all avenues to make this work.” Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the b...
Thrive Holdings, an offshoot of Joshua Kushner’s venture firm Thrive Capital Management, is putting $100 million into a months-old company it helped create called Shield Technology Partners — providing an early glimpse into how the holding company is using its $1 billion war chest. Formed last year, Thrive Holdings incubates, operates and invests in businesses that aim to bring artificial intellig...
Thrive Holdings, an offshoot of Joshua Kushner’s venture firm Thrive Capital Management, is putting $100 million into a months-old company it helped create called Shield Technology Partners — providing an early glimpse into how the holding company is using its $1 billion war chest. Formed last year, Thrive Holdings incubates, operates and invests in businesses that aim to bring artificial intelligence to service providers like accounting firms and other traditionally analog companies. Shield, launched last summer, acquires stakes in small and medium-sized IT businesses, and then applies artificial intelligence internally to make the core operations — such as resolving IT support tickets — more efficient. Shield plans to use some of the fresh $100 million to acquire majority stakes in other IT services businesses. The roll-up strategy, which is becoming more common in some corners of Silicon Valley, blends a private equity tactic with software and services industry businesses. “We’re sort of borrowing what works for each of those models and trying to do our own thing to meet the moment,” said Shield CEO Jim Siders, a former Chief Information Officer at Palantir. Current providers’ strategy of “stick a chat bot on the side and hope it works,” he said, “is turning out not to be valuable.” Shield’s technology is starting out by triaging and resolving IT service tickets that come in, helping decide which can be handled by artificial intelligence and which should be dealt with by human workers. About 60% of tickets that Shield sees can currently be addressed by its own AI product, said Anuj Mehndiratta, a partner at Thrive Capital and founding member of Thrive Holdings. Eventually, Shield’s vision is to create a fully-autonomous IT engineer. Thrive Holdings and investment firm ZBS Partners created Shield in June 2025 with an initial $100 million in funding. By the end of 2025, Shield had already made nine acquisitions. It crossed $100 million in annual total revenue last ...
US President Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve is unlikely to support a sustained rebound in the US dollar despite the possibility of short-term relief, Chinese economists said. Persistent doubts about the Fed’s autonomy during Trump’s second term could cap any durable recovery, as policy appeared increasingly geared towards domestic goals at the expense of the U...
US President Donald Trump’s nomination of Kevin Warsh to head the Federal Reserve is unlikely to support a sustained rebound in the US dollar despite the possibility of short-term relief, Chinese economists said. Persistent doubts about the Fed’s autonomy during Trump’s second term could cap any durable recovery, as policy appeared increasingly geared towards domestic goals at the expense of the US dollar’s role as a global public good, they added. Concerns over the central bank’s independence have grown under current Fed chair Jerome Powell, fuelled by Trump’s public attacks and threats of criminal charges . Tariffs and soaring government debt have also intensified market anxiety and stoked talk of de-dollarisation Advertisement Analysts at China International Capital Corp, a Beijing-based state-backed investment management firm, called Warsh’s proposals “hawkish” in terms of reducing the Fed’s balance sheet but “dovish” on rate cuts, arguing that he could seek to restore monetary policy credibility while pushing an “America First” agenda in the financial sector. “In the short term, Warsh’s nomination will have limited impact on the rate-cut path, but it may lead to a revision of expectations for US dollar liquidity, and depreciation pressure on the US dollar may ease temporarily,” they wrote in a note on Sunday. Advertisement His proposals could leave the global financial system facing a “scarcer but more stable US dollar environment”, they added, as the dollar system would become more closely aligned with domestic priorities.