Wedbush Securities maintained its “outperform” rating on Tesla stock, with a price target of $550. Wedbush expressed concern about CEO Elon Musk’s focus on the DOGE initiative and his alignment with the Trump administration since Trump’s second term began in January. The firm noted that Musk’s absence from Tesla’s operations…
US stocks have tanked sharply in recent weeks amidst concerns that higher tariffs under the Trump administration could lead to a global trade war.Additionally, markets are worried that President Trump’s policies could also lead to a recession.In total, the S&P 500 has lost nearly 10% since February 19, leaving investors…
The price of natural gas currently sits at record levels amidst confidence the commodity will continue to drive strong demand from AI data centres.On Tuesday, the vice president of Microsoft’s energy business, Bobby Hollis, said the titan was willing to use natural gas with carbon capture technology to power its…
The ongoing trade tension between the United States and Canada saw signs of easing on Tuesday after President Donald Trump suggested he may reconsider plans to double tariffs on Canadian steel and aluminum following Ontario’s decision to suspend a planned electricity surcharge on exports to the US.Trump’s remarks came shortly…
The market ended Tuesday’s session lower despite staging a partial recovery in the final hour of trading. Concerns about the global economic outlook and fears of a potential recession, driven by ongoing trade tensions, weighed on investor sentiment throughout the day.The Dow Jones Industrial Average dropped 478.23 points, or 1.14%,…
Asian stocks mostly gained on Wednesday, diverging from Wall Street’s choppy session as regional investors brushed off concerns over US trade policy shifts under President Donald Trump. While Wall Street wavered on tariff uncertainty and recession fears, key Asian indices rebounded, led by strong performances in Japan and South Korea.Japan’s…
With inflation already weighing heavily on American families, new tariffs on imported goods are set to intensify financial strain, particularly for low-income households. The impact of these levies—targeting everyday items like clothing, electronics, and groceries—will ripple through consumer spending habits and drive up costs in sectors where affordability is already…
US President Donald Trump is set to meet with some of the country’s most powerful business leaders on Tuesday as concerns over tariffs, economic uncertainty, and a recent stock market selloff continue to mount. The meeting, scheduled to take place in Washington, will be attended by around 100 chief executives…
India’s state-owned refiners are in talks with traders selling Russian crude. These discussions indicate that there is sufficient supply to meet the current demand, according to a Bloomberg report. This eases concerns that the flow of crude could slow down in the coming months due to the recent US sanctions.Industry executives revealed…
After a tumultuous period marked by a sharp stock market decline fueled by anxieties over his aggressive trade policies, President Donald Trump is under increasing pressure to demonstrate a coherent and credible plan for sustained economic growth. With businesses and investors rattled by the prospect of escalating tariffs, the president…