Following President Donald Trump’s attempt to reassure a business roundtable over the economic prospects and the measures he is taking to encourage growth, stocks in Asia and futures for the European and US markets both saw slight increases. As Trump’s tariffs on steel and aluminum went into force without exception, Australia’s benchmark S&P/ASX 200 index…
The Bank of Canada is expected to lower interest rates for the seventh time on Wednesday as the country braces for a trade war that, if not resolved quickly, will drive the economy into a recession. Economists and markets predict policymakers, led by Governor Tiff Macklem, to lower the policy interest rate to 2.75%, the…
On Tuesday, Elon Musk launched his appeal to reinstate his $56 billion Tesla payout, arguing that a lower court judge made many legal mistakes in rescinding the record settlement. The 2018 compensation package resulted in phenomenal growth for the electric car firm. Still, Musk said that the lower Court of Chancery ruled that it was…
President Donald Trump put a 25% tax on metal imports. The decision is anticipated to hike prices for US automakers, solar panel producers, and other businesses, potentially hurting the economy. President Trump’s massive tariffs on foreign steel and aluminum went into effect on Wednesday, increasing America’s trade wars with global competitors, including close friends already…
A critical inflation data is scheduled to be revealed this week, and Wall Street is holding its breath. Investors are eager to see if inflation is finally slowing down after a difficult market period or if the Fed may need to maintain higher interest rates for an extended period. The S&P 500 is still under…
In a revolutionary change, consumer companies like PepsiCo and tech behemoths like Qualcomm, Intel, and Infineon Technologies are leading the way in a new phase of the Internet of Things (IoT) called Ambient IoT. This new technology does away with the need for conventional batteries by using ambient energy sources like vibrations, radio waves, and…
Following Wall Street’s steep drops, China and Hong Kong stocks tumbled on Tuesday as mood soured throughout Asia. However, gains were restrained by a more positive perspective on the anticipated effects of artificial intelligence. By lunchtime, the Shanghai Composite Index and China’s blue-chip CSI 300 Index had recovered some early losses but were still down…
Tuesday saw a decline in Asia-Pacific markets, mirroring U.S. losses due to concerns about tariff policies and a possible recession in the largest economy in the world. Japan’s Nikkei 225 pared sharper losses earlier in the day, closing the day 0.64% down at 36,793.11. In contrast, the overall Topix index dropped 1.11% to 2,670.72. Fujitsu’s…
Now down about 3%, the S&P 500 has dropped to its lowest level since September last year, a six-month low. The tech-heavy index, the Nasdaq, is also down more than 4% and is about to see its worst one-day decline since September 2022. US Market Crash: On Monday, March 10, Wall Street had a grueling…
Investors are alarmed by President Donald Trump’s tariffs, and a stock market purchase has erased $4 trillion from the S&P 500’s top last month, when Wall Street was applauding most of Trump’s program, due to worries of an economic slowdown. Businesses, consumers, and investors are now more anxious due to a flurry of new Trump…