Wall Street showed resilience as markets opened on Monday, rebounding from a challenging period that saw the S&P 500 decline in five of the previous six sessions due […]
Economy
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Can the U.S. delete government spending from GDP?
Commerce Secretary Howard Lutnick suggested removing government spending from GDP reports to avoid potential economic downturn concerns. Economists largely dismissed the idea, calling it a “publicity stunt” and […]
Economy
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Stocks Slump as Trump Tariffs Take Effect
Global stocks experienced a decline as trade-war fears intensified following the implementation of Trump’s tariffs. Investors expressed concerns over the potential economic impact, with U.S. stock futures falling […]
Markets
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Bitcoin erases all of its gain that followed Trump’s crypto reserve announcement
Bitcoin’s price failed to recover the $85,000 level after a sell-off driven by tariff concerns. The cryptocurrency was trading at $82,548.35, down more than 3% on Tuesday, according […]
Uncategorized
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Threat of Rising Supply and Demand Destruction Puts Oil Prices Under Pressure
The intensifying trade war between China and the U.S., coupled with OPEC+ preparing to unwind its production cuts, is exerting significant downward pressure on oil prices. The U.S.-China […]
Markets
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Stocks and Mexican Peso Slump as Trump Tariffs Take Effect
Global stock markets and shares in European carmakers tumbled on Tuesday as President Trump’s broad tariffs against Canada, Mexico and China came into effect. European stocks slumped as […]
Economy
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The Problem With Car Tariffs: What’s an Import?
Supply chains extend across U.S. borders with Mexico and Canada, making it hard to say what’s American-made. President Trump’s 25 percent tariffs on goods from Canada and Mexico […]
Markets
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Nvidia’s stock sinks, wiping out six months of gains as the AI trade unravels
Nvidia Corp.’s stock is experiencing a significant decline, reaching its lowest levels in months as the artificial intelligence trade continues to falter. Shares of Nvidia dropped 9.7% in […]
Technology
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Driverless Uber rides now challenging Elon Musk’s Tesla in its backyard
Uber has launched driverless rides in Austin, Texas, marking a significant step in autonomous vehicle technology. Starting Tuesday, users in Austin can book rides with Waymo, Alphabet’s autonomous […]
Economy
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Trump’s Tariffs Could Raise Prices Of Fruits And Vegetables Within Days, Target CEO Warns
Shoppers could see higher produce prices within days after a 25% tariff on Mexican and Canadian imports took effect Tuesday, Target CEO Brian Cornell warned. The tariffs have […]