Market

Crypto.com, Kalshi probed by CFTC over Super Bowl event contracts

Published on: February 04, 2025, 02:00 AM UTC

Oil prices decline as President Trump delays tariffs on Canada and Mexico, but still plans to impose them on China. The market remains uncertain due to concerns over global demand and the impact of tariffs. OPEC and its allies have not changed their oil production plans.

Published on: February 04, 2025, 02:00 AM UTC

The Canadian dollar, Mexican peso, and euro hold steady vs. the U.S. dollar after recovering from recent lows on hopes of a trade deal. The Chinese yuan also firms, while the Australian dollar remains stable.

Published on: February 04, 2025, 02:00 AM UTC

President Trump's tariffs on imports may cause economic pain in the form of higher prices, swooning stock values, and economic uncertainty. However, some argue that Trump is asking for the wrong kind of sacrifice and missing an opportunity to address the more pressing issue of the national debt.

Published on: February 04, 2025, 01:02 AM UTC

US stock futures rise, with Nasdaq futures up 0.7% and S&P 500 futures up 0.5%, as Trump delays tariffs on Canada and Mexico. However, companies with China exposure, such as Apple and Tesla, decline on concerns over ongoing tariffs.

Published on: February 04, 2025, 01:01 AM UTC

Currency traders await China's next daily yuan reference rate amid expectations that authorities may relax their grip on the currency due to Donald Trump's tariffs.

Published on: February 04, 2025, 01:00 AM UTC

US stock futures rose as Trump delayed tariffs on Canada and Mexico. Nasdaq futures climbed 0.7%, S&P 500 futures rose 0.5%, and Dow futures inched up 0.3%. Tesla led auto stocks down with a 5.1% drop, while Palantir surged 23.9% after upbeat earnings.

Published on: February 04, 2025, 01:00 AM UTC

US stocks declined Monday in response to the Trump administration's scheduled tariff implementation against Canada and China, although the major averages reversed larger losses after President Donald Trump stated that the US would postpone duties on Mexican imports for a month. The Nasdaq Composite (^IXIC), which is heavily weighted toward technology, lost 1.2% after recovering a portion of its earlier losses. The S&P 500 (^GSPC) fell roughly 0.7%, while the Dow Jones Industrial Average (^DJI) fell 0.3%. Consumer discretionary (XLY) stocks, which include automakers, were impacted by concerns about tariff effects. AI chip giant Nvidia (NVDA), iPhone maker Apple (AAPL), and electric vehicle manufacturer Tesla (TSLA) all saw losses of more than 2.5% in the technology sector (XLK).

Published on: February 04, 2025, 12:02 AM UTC

Alphabet (GOOG) and Meta (META) earnings in focus as tech giants navigate AI threat and regulatory risks

Published on: February 04, 2025, 12:02 AM UTC

Trump's tariffs on Canada could cost American households $690 each, shrink the US economy by $875 billion, and raise prices on a wide range of products, including natural gas, lumber, milk, and produce.

Published on: February 04, 2025, 12:02 AM UTC