Corporate news, financial markets, and economic trends
The Tariff Storm Begins On April 2, 2025, President Donald Trump declared a “national emergency” to address what he described as a “large and persistent US trade deficit,” enabling him to impose a 10% tariff on all imports to the US, effective April 5, 2025. He also announced higher tariffs for 57 countries and territories…
A Tough Day on Wall Street Wall Street suffered a sweeping sell-off on Tuesday, with major indexes posting their worst performance in months. The S&P 500 dropped 2.2% to 5,275.70, the Nasdaq sank 3.1% to 16,307.16, and the Dow Jones Industrial Average closed down 1.7% at 39,669.39. Even small-cap stocks weren’t spared, with the Russell…
Unexpected Tariff Hike Derails Tesla’s Schedule Tesla had planned to start trial production of its much-anticipated Cybercab, a fully autonomous robotaxi, by October 2025, with full-scale manufacturing to follow in 2026. The Semi, Tesla’s electric long-haul truck, was also scheduled to roll off production lines in Nevada soon. But then came the tariff bombshell. Tesla was prepared…
In a dramatic reversal, U.S. stock markets saw a significant boost following the Trump administration’s announcement of temporary tariff exemptions on essential electronic items, including smartphones, laptops, and semiconductors. The action brought instant relief to tech giants that are heavily dependent on Chinese manufacturing, like Apple, Dell, and Nvidia, whose stocks recorded sharp gains. Tech…
Surprise Pause Calms Global Tensions In a sudden shift of tone, President Donald Trump announced a 90-day suspension of tariffs on a range of high-tech imports, including smartphones, laptops, and chip-making equipment. The move—seen as a lifeline for global tech trade—quickly lifted investor sentiment across Asia. Markets React: Big Gains Across Asia The impact was…
As JPMorgan Chase gears up to release its first-quarter 2025 earnings, investors and analysts alike are watching with bated breath. As the largest U.S. bank by assets, JPMorgan’s performance is often seen as a bellwether for the broader economy—and this quarter is no different. While modest growth is expected on paper, underlying concerns about economic…
Elon Musk’s DOGE signed a $1.3 million agreement with the U.S. Labor Department for IT upgrades. While meant to improve tech efficiency, the deal contradicts earlier “free service” claims and faces a federal audit over data access and control. When Elon Musk launched his self-proclaimed Department of Government Efficiency—DOGE for short—it sounded like another bold…
Countries are negotiating the world’s first global carbon tax on shipping pollution with a goal to curb the industry’s climate footprint and support climate programs to be confronted by vulnerable nations. Setting Sail Towards Change A dramatic shift in global thinking is underway. For the first time, countries are collaborating on the idea of imposing…
BlackRock CEO Larry Fink says most business leaders believe the U.S. is already in a recession. Here’s what’s causing concern and what it means for you. A Wake-Up Call from the Top At a recent talk in New York, Larry Fink, CEO of BlackRock, didn’t mince words. He said that many CEOs he talks to…
A fierce trade war is heating up again between the U.S. and China, as both sides exchange threats over tariffs. China says it’s not backing down after Trump announces a possible 50% increase in duties on Chinese imports. The Trade War Sparks Again The tension between the United States and China is rising fast —…
