Market

Gold reaches record high as US-China trade war sparks haven demand. Tensions rise as President Trump imposes tariffs on Chinese imports, prompting retaliation from Beijing. Market uncertainty and geopolitical concerns boost gold's appeal as a safe-haven asset.

Published on: February 05, 2025, 07:00 AM UTC

Analysts foresee trouble for vaccine manufacturers after Robert F. Kennedy Jr.'s nomination for Health and Human Services (HHS) secretary advances in the Senate. However, Pfizer CEO Albert Bourla remains optimistic, citing Kennedy's moderate stance in private meetings. Bourla's support aligns with others who have engaged with Kennedy, including Senator Bill Cassidy, despite concerns within the medical community.

Published on: February 05, 2025, 06:02 AM UTC

A 10% tariff on imports will cost American consumers $45 billion, adding to inflation fatigue and making them more likely to forego purchases. Trump's tariff policies are fueling concerns about reflation and raising costs for families by up to $2,600 per year.

Published on: February 05, 2025, 06:02 AM UTC

New tariffs on all Chinese imports, including goods from retailers like Shein and Temu, will increase consumer costs by billions. The move also aims to combat drug trafficking and close a loophole exploited by Chinese competitors.

Published on: February 05, 2025, 06:01 AM UTC

US stock futures point lower as trade war escalates and earnings disappoint; Gold rallies to record high.

Published on: February 05, 2025, 06:01 AM UTC

California's home insurance crisis is leaving many homeowners underinsured, forcing them to turn to the state's FAIR Plan for coverage. The FAIR Plan provides a lifeline for those unable to secure private insurance, but with higher premiums and limited coverage. State officials have enacted regulations to give insurers more latitude in high-risk areas, but experts say serious mitigation efforts are needed to address the underlying fire risk.

Published on: February 05, 2025, 06:00 AM UTC

Oil prices decline despite Trump's push against Iran as US stockpiles rise and trade war concerns persist.

Published on: February 05, 2025, 05:01 AM UTC

Oil prices fluctuate as geopolitical tensions and trade concerns clash, with Brent crude trading below $76 and WTI hovering near $72. The Trump administration's increased economic pressure on Iran and potential trade war with China impact global market dynamics. Despite concerns over a trade war, analysts predict limited implications for crude commodity markets in the near term.

Published on: February 05, 2025, 05:01 AM UTC

India's stock market faces challenges amid slowing corporate earnings, economic slowdown, and global uncertainty. Citigroup and HSBC cut profit forecasts, while NSE Nifty 50 earnings growth is expected to be below 5%, the slowest since the pandemic. Weak results from Adani Enterprises, Tata Motors, and others have led to market declines and raised concerns about the impact of recent tax cuts.

Published on: February 05, 2025, 05:00 AM UTC

Toyota to produce Lexus EVs and batteries in new Shanghai factory

Published on: February 05, 2025, 05:00 AM UTC