South Korea’s Constitutional Court on Friday upheld the impeachment of President Yoon Suk Yeol, officially removing him from office and setting in motion a 60-day countdown to a new presidential election. The decision followed months of political turmoil sparked by Yoon’s controversial declaration of martial law late last year.Acting Chief…
AT&T stock price continues to fire on all cylinders and is now sitting at a record high as its turnaround efforts continues. It has jumped in the last four consecutive weeks, meaning that it has surged by 75% in the last 12 months. This surge means that it has beaten…
Oil prices slumped more than 6% on Thursday after the Organization of the Petroleum Exporting Countries stunned the market with their production increase plan for May. Eight members of the OPEC+ alliance in a ministerial meeting on Thursday decided to increase oil production by 411,000 barrels per day in May, according…
The US dollar index (DXY) tumbled more than 2% on Thursday to 101.41, its sharpest single-day decline in more than two years.The drop sent the greenback to a six-month low, as traders reeled from President Donald Trump’s sweeping new tariff plan wherein he announced a baseline 10% tariff on all…
Australian beef farmers, traders, and industry groups announced on Thursday that they intend to pass on the additional costs incurred from US tariffs directly to American consumers. This move is expected to result in noticeable price increases for beef products in the United States, affecting popular items such as hamburgers and…
Canada slipped into a trade deficit in February, despite exports and imports holding record levels.Statistics Canada’s most recent report, released on Thursday, revealed that the trade deficit reached C$1.52 billion ($1.08 billion), reversing a considerable surplus of C$3.13 billion reported in January.According to Reuters, market analysts had a positive trade…
US stocks suffered a sharp selloff on Thursday as President Donald Trump’s latest round of tariffs raised fears of a global trade war and economic slowdown. The S&P 500 plunged more than 4%, marking its worst day since September 2022 and pushing it back into correction territory.The Dow Jones Industrial…
JPMorgan’s chief global economist has issued a stark warning about the potential consequences of President Donald Trump’s aggressive tariff policy, predicting that “There will be blood.”In a research note published Thursday, JPMorgan’s Bruce Kasman, along with a team of company economists, cautioned that the probability of the global economy sliding…
A sweeping package of trade tariffs announced by US President Donald Trump triggered a brutal sell-off across global markets on Thursday, wiping out $208 billion from the fortunes of the world’s 500 richest individuals. The shock drop marks the fourth-largest single-day decline in the Bloomberg Billionaires Index’s 13-year history and…
South Korea’s Constitutional Court on Friday upheld the impeachment of President Yoon Suk Yeol, officially removing him from office and setting in motion a 60-day countdown to a new presidential election. The decision followed months of political turmoil sparked by Yoon’s controversial declaration of martial law late last year.Acting Chief…