The Australian dollar crashed to a five-year low on Friday, making it the worst-performing developed world currency. The AUD/USD pair nosedived to a low of 0.5988, down by almost 14% from its highest point in 2024. This article explores why the Aussie crashed, and whether this was an overreaction.China and…
Pandora A/S (CPH: PNDORA) has lost more than 15% in recent sessions after the US President Donald Trump announced new tariffs on Thailand that were well above the company’s expectations.Thailand is where Pandora currently makes most of its luxury jewellery. Trump’s tariffs could spell trouble for the Danish firm as…
On Friday, China’s Finance Ministry confirmed that it would impose a 34% tariff on all US imports, effective April 10. The decision is a direct response to Trump’s earlier move to levy a similar 34% tariff on Chinese goods, which was part of a broader push for reciprocal trade agreements.…
The latest round of retaliatory tariffs announced by the US has drawn sharp reactions from analysts, who warn of significant consequences for the country’s technology sector and its position in the global artificial intelligence (AI) race.Wedbush Securities analyst Dan Ives, in a client note issued Friday, criticized the policy direction,…
Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs.The stock was up around 5% in late-morning trading. The Nike stock has crashed around 20% since the start of the year.The rebound comes after Nike shares plunged on Thursday, following…
Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump’s sweeping tariff announcement rippled through global financial markets.According to a CNBC report citing a source familiar with the matter, the companies are postponing their initial public offerings…
Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the economic impact could be more severe than anticipated — with inflation rising and growth slowing amid growing uncertainty.Speaking at a conference of business journalists in Arlington, Virginia, Powell cautioned that the latest…
Wall Street faced another brutal selloff on Friday, with major US stock indexes suffering their worst two-day decline since the pandemic era, as China fired back with sweeping retaliatory tariffs against American goods. Investors are now bracing for a potential global recession sparked by escalating trade tensions under President Donald…
Amazon is recalibrating its Alexa Fund to match the company’s shifting ambitions in artificial intelligence, moving beyond voice assistants to back startups building future-facing AI tools and hardware. Originally launched in 2015 to support voice tech innovation around Alexa, the fund is now widening its investment lens to encompass five…
When Puma announced on Thursday that former Adidas sales chief Arthur Hoeld would become its new CEO, replacing Arne Freundt over “differing views on strategy execution,” it wasn’t just a routine leadership shake-up.The move added another chapter to one of the most iconic rivalries in corporate history: Puma versus Adidas.That…