tariffs - Page 9

November 8, 2024

U.S. Stocks Rally After Fed Rate Cut Amid Post-Election Gains

U.S. stocks continued their post-election surge Thursday, buoyed by the Federal Reserve’s decision to cut interest rates. All three major indexes touched record highs during the session, building on momentum seen earlier

November 14, 2024

Companies Signal Price Hikes if Trump’s Tariff Plans Go Into Effect – Concerns Over Inflation and Consumer Costs

With President-elect Donald Trump’s proposed tariff plans looming, corporate America is beginning to sound alarms over potential price hikes. The president-elect’s campaign included proposals for sweeping tariffs, including a 60% levy on

November 14, 2024

Larry Summers Warns of Inflation Risks – Trump’s Economic Plans Could Trigger New Price Surge

As President-elect Donald Trump prepares to assume office, economist and former Treasury Secretary Larry Summers is urging caution over the potential inflationary impacts of his proposed economic policies. Speaking to CNN’s Kate

HSBC Reduces Stake in BOCOM, Facing $1.6 Billion Loss

by Jamie Spencer

HSBC announced on Tuesday that it would reduce its stake in Bank of Communications (BOCOM) to about 16%, down from 19.03%. This change follows BOCOM’s fundraising through a private placement of shares,

April 28, 2025

The Economic Impact of Tariffs and the Likely Recession

by Jamie Spencer

The economic consequences of tariffs imposed by the Trump administration are expected to become apparent to everyday Americans soon, with a potential recession on the horizon for this summer, according to Apollo

April 28, 2025

Canadian Retail Sales Drop in February

by Jamie Spencer

Canadian retail sales experienced a 0.4% decline in February compared to January, totaling C$69.33 billion ($49.95 billion), according to Statistics Canada. The decrease was largely driven by lower sales at motor vehicle

April 25, 2025

US Consumer Sentiment Dips Amid Ongoing Tariff Uncertainty

by Jamie Spencer

US consumer sentiment in April has dropped to its fourth-lowest level since records began in 1952, reflecting mounting concerns over rising inflation and trade policy uncertainty. According to the latest survey from

April 25, 2025

Intel Faces Challenges Amid Trade Wars and AI Competition

by Jamie Spencer

Intel, once a towering force in the semiconductor world, finds itself grappling with a significant decline in market value. From a $500 billion market cap in 2000, the chipmaker is now worth

April 25, 2025

U.S. Spirits Exports Hit Record $2.4B Amid Tariff Concerns

by Jamie Spencer

U.S. spirit exports surged to a record $2.4 billion in 2024, bolstered by the lifting of retaliatory tariffs and ongoing global trade disputes, according to the American Spirits Exports report from the

April 24, 2025

Fed President Calls for Patience Amid Tariff Impact

by Jamie Spencer

Cleveland Federal Reserve President Beth Hammack emphasized the need for patience and careful analysis in addressing the impact of tariffs on inflation and economic growth. Speaking in her first broadcast interview since

April 24, 2025

PepsiCo Faces Challenges Amid Volatile Global Trade Conditions

by Jamie Spencer

PepsiCo, the global food and beverage giant, reported mixed quarterly results on Thursday, as international sales helped offset weaker demand in North America. Despite posting higher-than-expected revenue, the company lowered its forecast

April 24, 2025

Bank of England Watches U.S. Tariffs’ Impact on U.K. Growth

by Jamie Spencer

Bank of England Governor Andrew Bailey expressed concern Thursday over the potential impact of U.S. tariffs on U.K. economic growth, especially if global trade experiences a slowdown. Bailey, in an interview at

April 24, 2025

Japan’s Factory Activity Shrinks as Confidence Dips

by Jamie Spencer

Japan’s factory activity contracted for the tenth consecutive month in April, with confidence among manufacturers falling to nearly five-year lows, according to a private-sector survey. The decline was driven by concerns over

April 23, 2025

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