The sell-off in global markets moderated in Europe on Tuesday, following a dramatic drop in US stocks as investors expressed anxiety about the negative economic impact of President Donald Trump’s tariffs. It came after the president stated in a television interview that the world’s largest economy was in a “period of transition” when questioned about…
President Donald Trump’s tariffs have alarmed investors, with worries of an economic slump fueling a stock market sell-off that has erased USD 4 trillion off the S&P 500’s top last month, when Wall Street praised most of Trump’s program. A bombardment of new Trump initiatives has exacerbated uncertainty for firms, consumers, and investors, particularly the…
In a major development for the trucking industry, Ford Trucks and IVECO have officially joined forces to develop a next-generation heavy-duty truck cabin, aiming to improve safety, aerodynamics, and driver comfort. The collaboration, backed by a $374 million investment, is expected to set new industry standards and enhance efficiency for long-haul and commercial trucking. The…
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…
For the first time since smartwatches hit the market, global shipments have fallen, marking a 7% decline in 2024, according to Counterpoint Research. While Apple remains the industry leader, it wasn’t immune to the slowdown, with Apple Watch shipments dropping 19% year-over-year—one of the most significant declines among major brands. Why Are Smartwatch Sales Slipping?…
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…
Altera, a global leader in field-programmable gate arrays (FPGAs), is pushing ahead with major innovations even as questions swirl about its future ownership. With Intel exploring a potential sale of a majority stake in Altera as part of its ongoing restructuring, the future of the FPGA powerhouse is in flux. Despite this uncertainty, the company…