Tag: innovation

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

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

US stocks suffered losses on Monday in reaction to President Donald Trump's announcement of tariffs against China, Mexico, and Canada. However, the major indices reduced their losses mid-morning after Trump said he would postpone tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) was down around 1%, recovering approximately half of its earlier losses. Meanwhile, the S&P 500 (^GSPC) dropped roughly 0.6%, and the Dow Jones Industrial Average (^DJI) moved 0.2% lower. Consumer discretionary (XLY) stocks, which include automakers, were hit the hardest early in the day. Tech (XLK) also affected markets, with declines in shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL).

Published on: February 03, 2025, 05:01 PM UTC

The Chancellor has not ruled out cutting relief on cash Isas. Rachel Reeves should scrap them because the £300bn stashed away is unproductive and costs £20bn a year in lost taxation.

Published on: February 03, 2025, 05:00 PM UTC

Trump's tariffs on Canada, Mexico, and the EU face opposition but few expect quick reversal; legal challenges likely, but courts may defer to national security claims.

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

The US bond market warns President Trump that his tariffs may fuel inflation and slow economic growth. The risk of higher import prices rekindling inflation has hovered over markets since Trump's election. Traders expect the nascent trade war to deal a fresh shock to the resilient economy, narrowing the gap between 2- and 30-year bond yields.

Published on: February 03, 2025, 04:01 PM UTC

Analysts predict a possible sharp correction in Canada's stock market following Trump's tariffs on Canadian imports.

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

Canada's energy sector may have dodged a trade war bullet, with the US imposing a lower 10% tariff on crude and potentially exempting some shipments altogether. While the tariffs could disrupt the integrated North American energy market, Canada has partial shields in place, including the expanded Trans Mountain pipeline.

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

Ecopetrol and Occidental Petroleum renew their oil joint venture in the US Permian basin in Texas. Read about the investment plan, development wells, and production targets.

Published on: February 03, 2025, 02:06 PM UTC

The dollar surged and stocks tumbled as the beginning of US tariffs ushered in a trade war threatening economic growth around the world. Most Read from Bloomberg: New York’s First ‘Passive House’ School Is a Model of Downtown Density; When French Communists Went on a Brutalist Building Boom; Trump Paves the Way to Deputize Local Police on Immigration; How the 2025 Catholic Jubilee Is Reshaping Rome; Historic London Elevator Faces Last Stop in Labour’s Housing Push

Published on: February 03, 2025, 02:04 PM UTC