Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. Uncertainty over the US president’s trade war was also keeping sentiment subdued, with…
The country is going down. This isn’t my opinion, it’s the finding of a recently published study, showing that 28 of the most populous U.S. cities are sinking. These are not just coastal cities; there are also ones in the interior — including Nashville, Chicago, Denver, Indianapolis, Columbus, Charlotte, Oklahoma City, and more. The study uses…
UPDATE: President Donald Trump made a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. The deal, hammered out at the 11th hour in a late-night call with UK Prime Minister Keir Starmer Wednesday,…
President Donald Trump said he would make a significant trade announcement Thursday with the United Kingdom, yet another sign of some possible relief from historically high tariffs that have threatened serious damage to the US and global economies. “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH…
Nvidia headquarters on May 21, 2024 in Santa Clara, California.Photo: Justin Sullivan (Getty Images) In This Story The market’s highest-performing tech stocks all slid on Monday morning amid worries over President Donald Trump’s tariffs. Gap is betting Old Navy and AI will help solidify its position in retail Tesla (TSLA-5.84%) was down by more than…
Global stock markets started the week on the front foot on Monday as investors welcomed China’s plans to kickstart consumption in the world’s number two economy, with upcoming central bank rate decisions also in focus. Relief about a US government shutdown being avoided helped counterbalance disappointing US economic data. Investors were keeping tabs on Beijing…
At the strike of midnight on Tuesday, local businesses were met with a big shift: President Donald Trump officially implemented a 25 percent tariff on most Mexican imports. As a result, the cross-border industries in Ambos Nogales could see major impacts to their operations, local business leaders said: Some produce distributors in Nogales, Ariz. could…
The global economy is bracing for impact as US President Donald Trump’s deadline to impose sweeping tariffs on the three largest US trading partners — Canada, Mexico and China — draws near. Trump said shortly after taking office that he planned to introduce 25 percent tariffs on neighbors Canada and Mexico on February 1, unless…
In This Story President Donald Trump is set to slap Mexico and Canada, two of the U.S.’s top three trade partners, with 25% tariffs on all imports as soon as Saturday. But he’s eyeing a carve-out for one of his favorite products: oil. What DeepSeek’s AI breakthrough means for Meta, OpenAI, and Nvidia “Oil is…
In This Story President Donald Trump on Wednesday levied the threat of tariffs against Russia, saying that unless a deal is made to end Russia’s war against Ukraine he will have “no other choice” but to issue new sanctions. Bitcoin will hit $130,000 this year, wealth advisor says “Settle now, and STOP this ridiculous War!”…