Tag: technology

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Trump Tariffs Threaten Midwest Gasoline Prices

Goldman Sachs warns that Trump's sanctions on Canadian imports could include oil, leading to higher Midwest gasoline prices and disruption in raw materials markets.

AI's Advance to Spur Demand for Chips Used in Production

JSR Corp., leading supplier of photoresists for semiconductors, says DeepSeek's AI model will boost demand for semiconductors.

Japan Economy at Risk From Renewed US-China Trade War, Top Economist Says

Japan's economy faces risks from a renewed US-China trade war, according to the government's chief economist. The economist also discusses the potential impact of Trump's proposed tax cuts, immigration reforms, and energy policies on Japan and the global economy.

Asian Stocks Fall as Chipmakers Tumble on AI Sell-off Concerns

Asian equities decline over concerns about the impact of DeepSeek on the AI market, affecting South Korean chipmakers. US futures rise after strong Apple earnings.

Mortgage Rates Barely Move Despite Stock Market Rout

Mortgage rates show little movement despite stock market volatility and housing affordability challenges persist.

Fed Pauses Rate Cuts Amid Strong GDP and Inflation Concerns

New GDP report and expected inflation reading may reinforce the Federal Reserve's wait-and-see approach on interest rates despite a surprisingly strong year for the US economy.

UPS Cuts Back on Amazon Deliveries to Boost Profitability

UPS Cuts Amazon Deliveries to Drive Profitability, Revenue Outlook Disappoints

Trump's Tariff Deadline Looms, Leaving Businesses and Leaders in 'Waiting Mode'

The Trump administration's trade policies remain uncertain with a self-imposed Feb. 1 deadline for tariffs on Canada, Mexico, and China. Economic observers and world leaders are closely monitoring the situation, with confusion and frustration expressed by leaders in Canada and Mexico. The potential impact on business decisions and the economy remains unclear, with economists predicting a possible recession if tariffs are implemented.

Nationwide to Buy Allstate's Stop-Loss Business for $1.25 Billion

Nationwide to Acquire Allstate's Employer Stop-Loss Segment for $1.25 Billion

Trump's Tariffs: Uncertainty Roils Markets Ahead of Deadline

President Donald Trump is aiming to reshape the US trade policy using tariffs. Leading up to his return to office, Trump has threatened tariffs on goods from China, Mexico, Canada, and the European Union. The uncertainty around tariffs has left many in wait-and-see mode, including businesses and world leaders. Trump's pick for Commerce secretary, Howard Lutnick, supports "across the board" tariffs.