Tag: innovation

US stocks rallied on Tuesday amid concerns over a possible trade war between the US and China, as investors assessed China's response to President Trump's latest round of tariffs. Job openings declined more than anticipated, indicating a potential cooling in the labor market. The Dow Jones Industrial Average gained 0.2%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.2%. Alphabet's Google is facing an antitrust investigation in China.

Published on: February 04, 2025, 06:01 PM UTC

Gold hits new all-time high as Trump's tariffs trigger haven demand amid trade-war fears

Published on: February 04, 2025, 05:04 PM UTC

This article discusses Donald Trump's latest tariff approach, which differs significantly from his previous approach. The rapid implementation of duties, the wider range of consumer goods affected, and the use of tariffs as leverage in negotiations are all novel aspects of Trump's current strategy. The article also explores the reactions of other countries, which have had time to prepare for retaliatory measures, and analyzes the potential economic and political implications of Trump's trade policies.

Published on: February 04, 2025, 05:02 PM UTC

Fox Enters Streaming Market with New Service Targeting Cord-Cutters and Cord-Nevers

Published on: February 04, 2025, 05:01 PM UTC

The Federal Reserve terminated two enforcement actions against Wells Fargo but maintained the asset cap imposed in 2018. CEO Scharf acknowledges the progress, indicating a shift towards improved compliance and regulatory adherence at Wells Fargo.

Published on: February 04, 2025, 05:00 PM UTC

US Stocks Surge as China Responds with Tariffs Amidst Trade War Fears

Published on: February 04, 2025, 04:07 PM UTC

Trump tariffs on Chinese e-commerce could significantly impact the air cargo industry, potentially leading to a sharp drop in volumes and rates. Chinese e-tailers have been major drivers of air cargo growth, using e-commerce platforms like Shein and Temu to ship low-value goods directly to consumers. With the elimination of duty-free privileges, these companies may shift to ocean shipping or bulk shipments, reducing demand for airfreight and pressuring rates.

Published on: February 04, 2025, 04:06 PM UTC

KKR's capital markets unit reports record annual fees of $1 billion, driven by growth in structured-credit transactions.

Published on: February 04, 2025, 04:05 PM UTC

Job openings declined more than expected in December, hitting their lowest level since September 2023.

Published on: February 04, 2025, 04:02 PM UTC

Ferrari stock (RACE) surges after Q4 earnings beat expectations, leading to upgraded 2025 guidance. Despite tariff concerns, Ferrari's exclusive clientele and strong demand insulate the company, resulting in an impressive EBITDA margin of 38.3% and a sold-out order book extending through 2026.

Published on: February 04, 2025, 04:00 PM UTC