Tag: budget

Oil fell after Trump delayed tariffs on major suppliers Canada and Mexico, but still plans to impose levies on China. Tariffs and geopolitical uncertainty weigh on oil prices as demand concerns linger. OPEC+ maintains output plans, despite Trump's call for increased production.

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

Stocks recover after US-Mexico tariff suspension, peso rallies

Published on: February 03, 2025, 05:05 PM UTC

Stocks slip amid trade war concerns; earnings, jobs report on tap

Published on: February 03, 2025, 12:04 PM UTC

China's factory activity grew at a slower pace in January as staffing levels fell and trade uncertainties increased. The Caixin/S&P Global manufacturing PMI fell to 50.1 from 50.5, indicating a slowdown but still above the 50 mark that separates growth from contraction. The survey also showed that new export orders declined for a second straight month, while average selling prices fell at the fastest pace since July 2023. Manufacturers reported improved domestic demand, but rising uncertainty in international policies could worsen China's export environment and pose significant challenges for the economy.

Published on: February 03, 2025, 05:02 AM UTC

Metals led by iron ore and aluminum plunged after Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that could hurt global economic growth.

Published on: February 03, 2025, 02:03 AM UTC

The January jobs report is expected to show solid growth, while annual labor market revisions may indicate a more moderate hiring pace in recent years. Data on unemployment claims, manufacturing activity, and consumer spending will also be released. Investors and policymakers will monitor the impact of President Trump's tariff announcements and watch for monetary policy decisions from central banks around the world.

Published on: February 02, 2025, 01:00 PM UTC

Billionaire investor Bill Ackman is reincorporating his management company in Nevada, following a trend of companies moving out of Delaware.

Published on: February 02, 2025, 12:00 AM UTC

Consumers will see higher gas prices due to President Trump's tariffs on Canadian and Mexican oil. The tariffs, meant to address illegal immigration and drug smuggling, will increase costs for refiners, who will likely pass those costs on to consumers.

Published on: February 02, 2025, 12:00 AM UTC

Trump's presidency is a high-risk experiment that could redefine economic success and give voters a new way to evaluate elected officials. Critics decry his policies, but Democrats' failure to address voter concerns has led to Trump's rise. Trump's radicalism aims to fix the system conventional approaches have failed. Whether he succeeds or fails, it will reshape the understanding of voter tolerance and rejection.

Published on: January 31, 2025, 06:01 PM UTC

Banco Santander-Chile reports fourth-quarter profit of $285 million, exceeding Wall Street expectations.

Published on: January 31, 2025, 12:06 PM UTC