US stocks declined in early trading on Wednesday after data showed the economy contracted in the first quarter, with President Donald Trump’s policy shifts, particularly on trade, weighing on business confidence.The Dow Jones Industrial Average dropped 615 points, or 1.47%. The S&P 500 fell around 2%, while the Nasdaq Composite…
Ukraine and the United States are preparing to sign a natural resources agreement aimed at deepening their economic ties, according to sources cited by Bloomberg.The draft deal, reviewed by Bloomberg, outlines the formation of a joint investment fund aimed at boosting mining, energy, and related sectors in Ukraine. Ukrainian Economy…
The US economy unexpectedly contracted in the first quarter of 2025, sparking recession fears and rattling markets, as President Donald Trump’s aggressive trade policies and political blame game stoked investor uncertainty. A defensive Trump quickly blamed former President Joe Biden while insisting the economic “boom” he promised will still materialize—eventually.GDP…
Coca-Cola’s better-than-expected first-quarter earnings on Tuesday have reinforced investor confidence in its global, diversified strategy amid market volatility and trade concerns. In a subdued earnings season, revenue reached $11.22 billion, narrowly topping Wall Street’s estimate of $11.14 billion, while earnings per share came in at 73 cents, just above the…
Mexico’s economy grew more than expected in the first quarter of 2025, preliminary data from the national statistics agency INEGI showed on Wednesday. GDP grew by 0.2%, against a flat growth forecast in a Reuters poll.The slight recovery comes after a 0.6% contraction in the fourth quarter of last year and puts…
The USD/JPY exchange rate rose for the third straight day after the latest Bank of Japan (BoJ) interest rate decision. It jumped to an intraday high of 143.67, up from the year-to-date low of 139.95. This article examines what to expect and why the broader downtrend is likely to persist…
Oil prices were slightly lower on Thursday after sharp losses in the previous session due to prospects of higher supply and a slowing US economy. “Crude just can’t get an upside break,” said David Morrison, senior market analyst at Trade Nation. Crude oil’s daily MACD indicated a moderately oversold condition.Morrison added:But as…
Gold prices remained vulnerable to further downside on Thursday as prospects of a trade deal between the US and its trading partners wiped the sheen off the yellow metal. Safe-haven appeal of both gold and silver was affected on Thursday’s trading session after a Chinese state-affiliated media outlet reportedly said the…
Investor sentiment towards most Asian currencies has turned increasingly positive, with market participants ramping up bullish positions as the US dollar continues to grapple with pressure stemming from uncertainty surrounding President Donald Trump’s trade policies, a Reuters poll revealed Thursday.The fortnightly survey, encompassing the views of 10 analysts and fund…
Alcoa reported on Thursday that its second-quarter order book remains strong and has not yet been affected by US tariffs. The aluminium producer also noted that the recent power outage in Spain presents potential risks to its operations in that country.In an effort to bolster domestic aluminum production, US President Donald…