Fed Chair Powell Warns: Tariffs May Hit Harder Than Expected, Inflation Could PersistFinancial markets have been expecting significant interest rate cuts this year to counter an economic slowdown. However, Federal Reserve Chair Jerome Powell’s latest remarks suggest the Fed is in no hurry to make such moves. Speaking at a conference for business journalists, Powell…
The euro and Japanese yen surged against the U.S. dollar on Thursday as investors assessed the far-reaching consequences of President Donald Trump’s sweeping tariffs on global trade and economic growth. With concerns mounting over a potential trade war, investors flocked to safe-haven currencies like the yen and Swiss franc, driving the dollar to its lowest…
U.S. trading partners threatened to escalate trade tensions with the United States on Thursday after President Donald Trump’s sweeping tariffs raised fears of higher prices in the world’s largest consumer market. The penalties, announced Wednesday, triggered a global market selloff and drew widespread condemnation, marking a dramatic shift from the decades-long era of trade liberalization….
The Dow Jones Industrial Average (DJIA) is slipping today as the Federal Reserve’s Federal Open Market Committee (FOMC) kicks off its two-day meeting. During this session, the Fed will deliberate on potential interest rate cuts. While the results won’t be announced until Wednesday afternoon, traders remain on edge about the central bank’s decision. Light Up…
BANGKOK (AP) — China’s energy and auto giant BYD has unveiled an ultra-fast EV charging system that it claims is nearly as quick as refueling at a gas station. On Monday, BYD, China’s largest EV maker, announced that its new flash chargers can fully charge its latest EVs in five to eight minutes—comparable to the…
LONDON, March 17: Crude oil prices edged higher on Monday following U.S. military action against Yemen’s Houthi rebels and renewed optimism about China’s economic recovery, which could bolster global energy demand. Over the weekend, U.S. President Donald Trump authorized airstrikes targeting the Iran-aligned Houthis in response to their continued attacks on Red Sea shipping. A…
Gold surged past the monumental $3,000 per ounce threshold for the first time ever on Friday, continuing its record-breaking rally as investors sought refuge from economic uncertainty. The precious metal climbed 2.94% in morning trading to reach $3.85 per ounce, just a day after surpassing its previous high from late February. Spot gold was up…
BEIJING — Mainland Chinese investors are pouring into the Hong Kong stock market at unprecedented levels, driving record purchases as the Hang Seng Index hovers near three-year highs. On Monday, net mainland Chinese purchases of Hong Kong stocks hit a record HK$29.62 billion ($3.81 billion), according to Wind Information data. This marks the highest level…
Stocks Rebound Amid Tariff Exemption for Automakers Wall Street staged a strong recovery on Wednesday after consecutive losses, buoyed by news that the White House would delay tariffs on automakers. This move provided optimism for potential further exemptions, lifting investor sentiment. The Dow Jones Industrial Average jumped 438 points, or 1%, after plunging more than…
🔎 Mining Meets Politics! President Donald Trump is putting copper at the center of his domestic minerals strategy, aiming to revitalize the U.S. mining industry while raising concerns among environmental groups. His latest executive order calls for boosting copper production, investigating national security risks tied to imports, and considering tariffs to strengthen domestic supply chains….
