US President Donald Trump’s declaration on Tuesday that China “can now continue” to buy Iranian oil did not signal a change in Washington’s policy on banning such trade, the White House said. Trump’s earlier comments about the China-Iran oil trade were made to highlight the continuation of traffic through the Strait of Hormuz, a critical…
US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
Hello readers! Volatility across financial markets jumped on Friday, with Wall Street’s top ‘fear gauge’ soaring to an eight-month high while other market indicators showed growing investor concerns about the ripple effect of President Donald Trump’s sweeping levies. Meanwhile Trump said that big business is not worried about tariffs because they know they are here…
As the global markets plummeted for a second consecutive day in reaction to Donald Trump‘s tariffs announcement, the president has shared a video on social media that claims that the crash is intentional. Trump posted a link to the video to Truth Social, his social media platform, on Friday morning. The video’s caption on X,…
Photo: Andrew Harnik/Getty Images After President Trump announced sweeping tariffs this week the financial markets saw their steepest one-day declines since 2020, Americans started panic buying everything from TVs to soy sauce, and financial analysts warned that we’re facing “economic Armageddon.” Like many people, I was feeling pretty jittery about the collapse of the post-World…
Chris Ruddy, Newsmax’s founder and CEO. Pacific Press/LightRocket via Getty Images Conservative news outlet Newsmax went public on Monday morning on the New York Stock Exchange. By the end of the day, its shares were trading 735% higher than its $10 offering price, and the company was valued at $10.7 billion. The stock surge, which…
US President Donald Trump on Thursday threatened to hit the European Union and Canada with more tariffs if they work together “to do economic harm” to the United States, news agency AFP reported. US President Trump announced the imposition of 25 per cent tariffs on all cars and light trucks not built on US soil.(AFP)…
Trump Media and Technology Group, the parent company of President Trump’s social networking site Truth Social, said it lost $400.9 million last year, while its annual revenue declined 12% to $3.6 million. Trump Media & Technology Group, which reported its earnings late Friday, said its annual loss was due to non-cash charges including $107.4 million…
Unless you’ve been living under a rock for the past year, you’ll know there is one man out there who plans on changing everything. Whether it be cultural pastimes, corporate balance sheets, national budgets, or even international capitalism, Donald Trump wields unprecedented influence on the financial arena and all market participants. Whether you love or…
President-elect Donald Trump said on social media Monday he would slap import tariffs on products from China but also Mexico and Canada, sending shockwaves across the Canadian economy. Crude oil is the top Canadian export to the United States and any tariffs would interfere with flows and revenues. In posts on his platform Truth Social,…