Oil prices have continued to tumble on Monday as recession fears have firmly gripped investors. The escalating trade war between the US and China has stoked fears about a slowdown in the global economy, which is likely to severely impact oil demand. Goldman Sachs revised its oil price projections downward on Monday…
Despite the global market turmoil triggered by President Trump’s tariffs, India remains optimistic about achieving its projected economic growth target of 6.3%-6.8% for the 2025/26 fiscal year (April-March), Reuters reported quoting a finance ministry officialThis confidence hinges on maintaining oil prices below $70 per barrel, providing a cushion against external…
President Donald Trump’s aggressive tariff measures could significantly impede economic growth in the Eurozone, potentially shaving off between 0.5 and 1 percentage points, according to Yannis Stournaras, the governor of the Greek central bank. Stournaras shared his concerns in an interview with the Financial Times published on Monday.His comments come…
Bitcoin continues to tumble amidst a tariffs driven trade war and fears of a recession ahead. The digital asset is currently going for about $77,000 versus its peak of $109,000 in late January.Still, Eric Trump remains bullish as ever on what the future holds for the crypto king. In a…
AppLovin Corp (NASDAQ: APP) chief executive Adam Foroughi says the ad-tech company’s proposal to acquire TikTok is significantly stronger than the competing bids.While others are primarily interested in TikTok US only, AppLovin is eyeing a merger with global operations of the social platform, which effectively makes it a “partnership” that…
Federal Reserve Chair Jerome Powell, known for decisive action in times of crisis, is signaling a different approach as the US economy navigates the turbulent waters of President Donald Trump’s trade policies. From pledging unwavering support during the Covid-19 pandemic to delivering a stern message on inflation and swiftly backstopping…
Global stock markets plunged on Monday, deepening last week’s heavy losses, as escalating trade tensions triggered renewed fears of a worldwide recession. London’s FTSE 100 bore the brunt, falling by 488 points, or 6%, to 7566 — its lowest level since February 2024.The fresh rout eclipsed even Friday’s near-5% slide,…
The DAX index continued its strong downward trend on Monday as investors dumped their global equities as risks jumped. It slumped to a low of €18,900, its lowest level since September 12 last year. It has plummeted by more than 17% from the highest point this year.The German DAX’s crash…
Donald Trump’s aggressive push for sweeping reciprocal tariffs is increasingly drawing sharp criticism not just from global trading partners, but also from his allies in the business community and his own party. What began as a bold economic move to shore up domestic manufacturing has now spiralled into a source…
The IAG share price has crashed hard this month, erasing most of its gains since last year, when it was one of the best-performing companies in the FTSE 100 index. It has dropped in the last three consecutive days, moving to a low of 210p, the lowest level since November…