Several indicators point to potential signs of an economic downturn. While tariffs have been a topic of discussion, experts suggest that they are unlikely to directly cause a […]
Markets
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US-China Trade Relations Strain Amid Economic Tensions
The relationship between the US and China is under significant strain as both nations prepare for potential economic decoupling. This shift in policy has implications for global trade […]
Economy
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Estimating the Cost of Trump’s Tariffs for US Consumers
The tariffs imposed by former President Donald Trump are expected to continue affecting US consumers. These tariffs, primarily targeting Chinese goods, have led to increased costs for a […]
Uncategorized
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Prada Acquires Versace in a $1.36bn Deal
Prada has reached an agreement to acquire its smaller competitor, Versace, in a deal valued at $1.36bn (£1.06bn). This acquisition aims to consolidate two major Italian luxury fashion […]
Technology
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CEO Andy Jassy’s 2024 Letter to Shareholders
In his 2024 letter to shareholders, Amazon CEO Andy Jassy highlighted the company’s robust financial performance and its commitment to customer-centric innovation. Amazon’s total revenue grew by 11% […]
Economy
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Treasury Secretary Bessent Advocates for Main Street Focus
Treasury Secretary Scott Bessent emphasized that President Donald Trump’s agenda prioritizes Main Street businesses and consumers, despite potential economic risks from new tariffs. “For the last four decades, […]
Economy
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Monetary Policy Challenges Amid Tariff Announcements
The announced tariffs pose significant challenges for monetary policy, placing Federal Reserve Chair Jerome Powell in a difficult position. The tariffs could test the Federal Reserve’s ability to […]
Economy
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China Guides Yuan Lower Amid Trade War Concerns
China is methodically guiding the yuan lower in response to trade war pressures, aiming to mitigate economic impacts without disrupting financial stability. On Wednesday, the People’s Bank of […]
Economy
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Global Markets React to Trump’s Tariffs as China Faces 104% Levies
World markets have reacted negatively to the latest round of tariffs announced by President Trump, with Asian and European markets experiencing significant declines. Rising yields on government bonds […]
Technology
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Elon Musk’s Net Worth Drops Below $300 Billion Amid Market Turmoil
Elon Musk’s net worth has fallen below $300 billion for the first time since November, largely due to market fluctuations tied to recent tariff announcements. Over the past […]