Posts with tag: short story
A 10% surge in import costs shouldn't harm the US economy, but Trump's tariffs come amid heightened price sensitivity. Consumers are more likely to avoid purchases due to inflation concerns, despite Trump's pledge to reduce prices. Tariffs on China, Canada, and Mexico could cost families up to $2,600 annually, affecting a wide range of goods. Despite previous tariffs, Trump's bigger plans and the inflationary environment raise concerns about reflation.
Published on: February 04, 2025, 11:01 PM UTC
US stocks plummeted on Monday due to President Trump's tariffs on China, Mexico, and Canada. The tech-heavy Nasdaq Composite (^IXIC) fell more than 2%, while the S&P 500 (^GSPC) spiraled down 1.6%. The Dow Jones Industrial Average (^DJI) tumbled 1.2%, or over 550 points.
Published on: February 03, 2025, 03:01 PM UTC
Nvidia stock (NVDA) sank 6% after a Bloomberg report said the Trump administration is exploring additional curbs on Nvidia's chip sales to China, potentially including its H20 chips.
Published on: January 29, 2025, 07:00 PM UTC
Japanese people are feeling a personal impact from rising interest rates after the central bank's latest decision, according to social media analysis. Analysis of YouTube comments finds that concerns about housing loans and inflation are dominating discussions, and a growing number of people are expressing negative sentiments towards rate hikes.
Published on: January 29, 2025, 06:01 AM UTC
Municipal bonds rise with Treasuries as investors seek haven amid tech selloff. Yields on 10-year securities drop to lowest since December, benefiting from flight to quality and expectations of inflows into municipal ETFs.
Published on: January 27, 2025, 10:09 PM UTC
U.S. businessman Digvijay "Danny" Gaekwad proposes acquiring 26% stake in Religare Enterprises for 275 rupees per share, a 17% premium over current offer.
Published on: January 25, 2025, 01:01 PM UTC
President Donald Trump signs executive order promoting digital assets, establishing a working group to recommend regulatory and legislative proposals, including stablecoin legislation and exploration of a digital assets stockpile.
Published on: January 24, 2025, 09:03 PM UTC
Asian stocks rise following Wall Street record high on tech rebound; BOJ policy decision awaited
Published on: January 24, 2025, 03:00 AM UTC
Oracle shares surge after Trump announces large AI investment partnership with OpenAI and SoftBank.
Published on: January 22, 2025, 08:00 AM UTC
President Donald Trump plans to enact tariffs of 25% on Mexico and Canada on February 1st, citing the flow of undocumented migrants and drugs into the country. The tariffs threaten to spark a trade war among the signatories of the US-Mexico-Canada Agreement and have already caused the Canadian dollar and Mexican peso to fall against the greenback.
Published on: January 21, 2025, 02:00 AM UTC