As tariffs push the price of goods in the US higher, the secondhand clothing industry could reap the benefits. President Donald Trump first imposed a 10% tariff on Chinese goods in February. Since then, both countries have been stacking up retaliatory levies on each other. As it stands, the US tariff on goods imported from…
All three major indices on Wall Street fell sharply to end the week as a new report showed prices are rising faster than expected and consumers are pulling back.Economists say this report reveals consumer anxiety, especially with tariffs. President Donald Trump believes his tariffs will boost prosperity, but many Americans aren’t so sure.Inflation fears drove…
Hong Kong authorities will press on with a branding push for premium food through the unification of production standards and the establishment of a credible certification system in the next 12 months. The Agriculture, Fisheries and Conservation Department said on Tuesday it hoped the branding would cover different kinds of food such as agriculture, fisheries…
The S&P 500 and Nasdaq 100 are hovering near their 200-day moving averages, a key technical support level. The 200-day moving average is an important indicator of potential trend reversals in stocks. Traders believe an immediate bounceback is needed for stocks to avoid further declines. The stock market has entered the danger zone as the…
Bill Smead warns of a potential market downturn, urging a shift to value stocks. Smead cites rapid market momentum and persistent inflation as key concerns for investors. His Smead Value Fund has outperformed 97% of its peers over the last 15 years. Investors have enjoyed sunny days over the last two-and-a-half years thanks to a…
PAUSED FOR 30 DAYS. IF MORE TARIFFS GO INTO EFFECT, SOME FARMERS HERE IN IOWA COULD FEEL THE IMPACT. AND MANY SAY THEY’RE CONCERNED ABOUT HAVING AN OVERABUNDANCE OF PRODUCTS OR BEING FORCED TO CUT BACK TO SAVE MONEY. THEY SAY THE TARIFFS COULD RAISE THE PRICE OF FERTILIZER AND OTHER THINGS THAT THEY NEED,…
Days after former President Donald Trump announced a 25% tariff increase on imports from Mexico, Canada, and China, Mexico secured a temporary 30-day exemption. Mexican President Claudia Sheinbaum agreed to deploy 10,000 soldiers to her country’s border to curb drug trafficking, a move that helped secure the short-term relief. However, concerns remain for businesses that…
DeepSeek has sent shockwaves through the technology, financial, and geopolitical spheres. The low-cost Chinese AI chatbot won’t surprise anyone who knows Beijing’s playbook. Chinese has disrupted many industries in similar fashion, including mining and electric vehicles. A Chinese startup’s launch of a ChatGPT rival has startled tech gurus, stunned investors, and stupefied geopolitical commentators. But…
The coffee chain Starbucks’ latest policy to bar non-paying visitors at its North American outlets has prompted a heated discussion on social media in China. On January 13, the US chain announced the end of its “open-door” policy that allowed people to enter for shelter or toilet access. The policy was applied in 2018 after…
Larry Fink says higher inflation could drive a steep sell-off in the bond market. BlackRock’s CEO thinks the 10-year Treasury yield could jump to 5.5%, the highest in about 25 years. He said that yields rising to that level could spark a sharp sell-off in the stock market. The BlackRock chief Larry Fink says Treasury…