U.S. stock futures plunged on Wednesday after President Donald Trump unveiled broad new tariffs on key trading partners, sparking fears of a global trade war that could further weaken the U.S. economy.
GBP/USD surged to six-month highs on Wednesday as the Trump administration’s new tariffs were less severe than expected, easing investor fears after weeks of aggressive trade threats.
Leading economists reacted with alarm after President Donald Trump announced sweeping new tariffs on U.S. trading partners, with some projecting potential economic losses of up to $20 trillion.
The Senate Judiciary Subcommittee will hold a hearing to investigate Meta's alleged efforts to engage with China, including its ties to censorship tools and the Chinese Communist Party, amid concerns over the company's foreign operations.
Life has a way of throwing curveballs, such as divorce, career changes, and financial setbacks, and sometimes, it feels like you're back at square one.
Sundar Pichai, the CEO of Alphabet Inc., revealed that despite his immense success, his father still regrets that he did not pursue a PhD, highlighting the sacrifices his family made for his education and his journey from humble beginnings to leading a $1.9 trillion tech giant.
Tesla (TSLA) global deliveries are the lowest since the second quarter of 2022. 2024 marks the beginning of the end of chauffeur-driven taxi and limo services.
On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.
Nouriel Roubini slammed Trump's "Liberation Day" tariffs as "Orwellian doublespeak," warning they could lead to lower growth, higher inflation, and prolonged trade disputes.
A US 20% reciprocal tariff on the European Union will hurt. It's worsened the eurozone's short-term outlook. Now, so much depends on European governments to push through with their planned fiscal stimulus and reforms to strengthen domestic economies
Stocks were in risk on mode today, rallying for much of the day, squeezing the shorts who had taken defensive positions ahead of Donald's pronouncements on tariffs.
Historically, when the S&P 500 has fallen 10% and the yield on the 10-year U.S. Treasury bond has declined 50+ basis points, the U.S. economy has been heading into recession about 70% of the time.
