China announced a 34% tariff on American imports, mirroring US President Donald Trump’s latest duties on Chinese goods announced earlier this week.The tariffs are scheduled to take effect on April 10.The Ministry of Commerce issued a statement Thursday morning condemning Washington’s decision and framing the move as a threat to…
The surprising decision of the Organization of the Petroleum Exporting Countries and allies to increase oil production by a hefty amount for May leaves the market better supplied over April-June. However, there is still uncertainty around this. The move by OPEC+ has battered oil prices, with global oil benchmarks declining sharply over…
The S&P 500 index has plunged this week, and there are signs that the trend will continue in the coming months. One reason for this is that the market anticipates that the US will have a recession.Indeed, Polymarket recession odds have jumped to 53%, the highest level since the platform…
The S&P 500 index crashed by almost 5% on Thursday as the market reacted to Donald Trump’s tariffs on imported goods. It plunged to a low of $5,400, its lowest level since August last year and 12% below its highest level this year, meaning that it is in a deep…
The Zimbabwean ZiG currency has lost momentum this year, even as the price of gold has surged to a record high, boosting its assets. The official USD/ZWG exchange rate stands at 26.77, much higher than the listing price of 13. This means that it has lost almost 100% of its…
Cannabis stocks have plunged this year, continuing a trend that has been going on in the past few years as the bubble bursts. Most of them have lost over 50% of their value this year, and are down by over 80% from their all-time highs. Why cannabis stocks crashedThese companies have…
The Dow Jones Industrial Average (DJI) has plummeted this week as the US economic risks jumped following Donald Trump’s Liberation Day speech. It plunged to a low of $40,545 on Thursday, its lowest level since September 11. It has crashed by 10% from its highest point this year as it…
The Nasdaq 100 Index has slumped into a technical correction this year, falling by over 16% from its highest level in January. It has crashed to a low of $18,520, its lowest level since August 9 of last year. The tech-heavy index has crashed as concerns about the American economy and…
Crypto prices remained on edge on Friday as the market came to terms with Donald Trump’s trade war and its implications. Bitcoin bounced back above $84,000, while other popular tokens like Ethereum, Ripple, and Solana crawled back. This article looks at some of the top notable tokens, including DigiByte (DGB),…
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…