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Saba Capital has lost shareholder votes in its bid to gain control of two investment trusts run by Baillie Gifford, marking another obstacle in the hedge fund's quest to influence UK investment trust sector.
Published on: February 03, 2025, 05:06 PM UTC
Stocks recover after US-Mexico tariff suspension, peso rallies
Published on: February 03, 2025, 05:05 PM UTC
Canada's stock market plunged after Trump's tariffs, with analysts warning of a potential 20% decline due to the impact on exports and economic growth.
Published on: February 03, 2025, 05:05 PM UTC
Oil prices surge as Trump delays Mexico tariffs, but investors worry about impact on global economy
Published on: February 03, 2025, 05:04 PM UTC
The Mexican peso rebounded and the US dollar erased gains after news that tariffs on Mexico would be delayed by a month. The Bloomberg Dollar Spot Index wiped out its advance, while the peso gained over 1%.
Published on: February 03, 2025, 05:04 PM UTC
Trump's new tariffs on Canada, Mexico and China are expected to impact the markets, with economists predicting a recession in Mexico and a slowdown in US growth. Some analysts see opportunities in the chaos, while others warn of the risks to companies with exposure to the impacted countries. The full impact of the tariffs is still uncertain, and markets are reacting accordingly.
Published on: February 03, 2025, 05:03 PM UTC
Trump's tariffs face resistance from Wall Street, Capitol Hill, and legal experts. However, reversing his decision may prove challenging due to executive authority and protracted legal and political battles. Canada and Mexico are attempting to avert the duties, while China vows to file a WTO lawsuit. Market volatility remains a potential factor, but Trump has downplayed its significance.
Published on: February 03, 2025, 05:03 PM UTC
Stock prices plunged on Monday as investors reacted to President Trump's announcement of tariffs on Canada, Mexico, and China. The Nasdaq Composite fell about 1%, the S&P 500 fell about 0.8%, and the Dow Jones Industrial Average shed 0.4%.
Published on: February 03, 2025, 05:02 PM UTC
Nvidia's stock dropped 5% after President Trump's new tariffs and news of potential restrictions on exports to China.
Published on: February 03, 2025, 05:02 PM UTC
President Trump supports Federal Reserve's decision to hold interest rates steady; economists predict tariffs could affect inflation and rate plans.
Published on: February 03, 2025, 05:02 PM UTC