President Donald Trump’s tariffs and the subsequent retaliation from other countries have been wreaking havoc on US stocks this week.Still, famed investor Jim Cramer remains convinced that there are exciting buying opportunities in the stock market currently amid what he called a “manufactured sell-off” in his latest briefing to the…
The 25% tariffs on imported cars that came into effect on Thursday have shaken the global automobile industry, forcing major carmakers into swift, divergent responses.As the new levies threaten to reshape supply chains, pricing models, and employment, companies from Stellantis to Hyundai are taking action to shield profits and customers.With…
Oil prices fell to their lowest levels in over four years on Friday after China imposed retaliatory tariffs in response to US trade measures earlier in the week.In a significant escalation of the ongoing trade war, China has announced its decision to impose additional tariffs of 34% on all goods…
The US labor market continued to show resilience in March, adding more jobs than expected. However, a slight uptick in the unemployment rate and rising global trade tensions, driven by President Donald Trump’s surprise tariff announcements, have cast a shadow over the otherwise positive employment data.Jobs report March 2025According to…
President Donald Trump vowed Friday that his economic policies “will never change” and lashed out at China for retaliating against his new tariff regime, raising the stakes in an escalating trade standoff that has sent shockwaves through global markets.“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT…
The United States is facing a deepening economic divide, with wealth becoming increasingly concentrated in the hands of a small elite. According to the World Inequality Database, the top 10% of Americans now control an astonishing 71.2% of the country’s total wealth—one of the highest levels of wealth inequality seen…
The plunge in oil prices on Friday presented a different layer of complexity for the Organization of the Petroleum Exporting Countries and allies. In a surprising move on Thursday, the cartel decided to raise crude oil production by 411,000 barrels per day in May. This follows the scheduled 135,000 barrels per day…
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…