Inflation in the United States cooled more than expected in March, while weekly jobless claims ticked higher, signaling a potential softening in the economy just as tariff tensions escalate.The Bureau of Labor Statistics (BLS) reported Thursday that the consumer price index (CPI) slipped by a seasonally adjusted 0.1% last month,…
Donald Trump is under fire for possible market manipulation after a social media post urging investors to buy stocks preceded a sudden reversal on trade tariffs, which sent markets soaring worldwide.On Wednesday morning, just after US markets opened, Trump wrote on his social media platform Truth Social: “THIS IS A…
In a defining moment for the luxury fashion world, Prada announced on Thursday that it will acquire Versace for 1.25 billion euros ($1.38 billion) from New York-based Capri Holdings. This is the biggest luxury deal of the year, bringing a dramatic conclusion to Capri’s ambitious yet troubled quest to build…
Wall Street may have finally broken through Donald Trump’s hard stance on tariffs. After a week of escalating fears about a potential economic crisis, two of the biggest names in finance — Jamie Dimon and Bill Ackman — appear to have played pivotal roles in persuading Trump to hit pause…
Digital tokens saw impressive rallies in the past day following Bitcoin’s swift bounce-back to $82,000.Donald Trump triggered the recent surges after confirming a 90-day pause on full reciprocal tariffs.While altcoin followed Bitcoin’s rally, Political-themed tokens stole the show. Coingecko data shows the value of PolitiFi tokens increased by over 6%…
Stocks declined on Thursday, reversing half of the previous session’s historic gains, as investors responded to US President Donald Trump’s 90-day reprieve on some “reciprocal” tariffs with concern that economic activity will still be slowed by the higher rates imposed on China.At the time of writing, the Dow Jones Industrial…
Gold prices surged past the $3,200 an ounce level on Friday for the first time ever as fresh buying was supported by escalating US-China trade tensions. At the time of writing, the June gold contract on COMEX was at $3,233.97 per ounce, up 1.8% from the previous close. The contract had…
China has sharply escalated its trade confrontation with the United States, raising tariffs on American goods to 125% from 84% in response to President Donald Trump’s reciprocal duties. The announcement, made on Friday by the Customs Tariff Commission of the State Council, marks a new peak in the tit-for-tat trade…
Brazil’s government is preparing to auction off stakes in offshore oil fields this year, focusing on uncontracted portions of its lucrative pre-salt deposits.According to Reuters, two sources familiar with the matter said the initiative serves both as a financial strategy and as a response to the shifting global economic landscape,…
Argentine lawmakers in the lower house have passed a bill to create a special commission to investigate President Javier Milei’s links to the LIBRA token, following a rug-pull incident involving the cryptocurrency project he had publicly endorsed.The inquiry marks a significant blow to Milei’s administration. The lower house approved the…