Sweeping tariffs imposed by the U.S. this week have ignited fears of a global trade war, casting a shadow over economic growth and stoking inflationary pressures worldwide. Analysts warn that the aggressive trade measures could drag down economies and force central banks to rethink their strategies, with rate cuts looming …
Read More »Coffee Prices Slide as Market Pressures Accelerate
Coffee prices are tumbling, with arabica and robusta dropping over 3% to two-month lows. A risk-off mood in asset markets and fears of tariffs hiking consumer costs are dragging down commodities, including coffee. The Brazilian real’s recent slide against the dollar has also spurred export sales from Brazil, the top …
Read More »Oil Prices Crash to 2017 Low Amid Tariff Fears and Production Surge
Oil prices plummeted by 7% on Friday, hitting their lowest level since 2017, as concerns intensified regarding the potential economic repercussions of wide-ranging tariffs. This sharp downturn was compounded by a major oil-producing nation’s promise to increase output in case of war and a key oil producers’ group’s decision to …
Read More »AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets
In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its lowest level in five years against the U.S. dollar, rattled by China’s sweeping new tariffs on American goods. The move, announced on Friday, sent shockwaves through currency markets, amplifying fears of an escalating trade war …
Read More »Jobs Surge Drowned Out by Trade Chaos: US Stocks Shrug as Tariffs Take Center Stage”
The latest nonfarm payrolls report for March delivered a stunner: 228,000 new jobs, a clear signal of a thriving U.S. economy. Unveiled on April 4, 2025, this figure crushed expectations and should’ve been a golden moment for markets. Instead, it barely registered. The reason? Rising trade tensions and the looming …
Read More »U.S. dollar recovers following NFP report
The U.S. dollar continues to rise, benefiting from the increase in job growth revealed by Friday’s employment readings, which were largely mixed.The dollar index, which measures the performance of the U.S. currency against six major currencies, rose to 102.46 points compared to the previous daily close of 102.07 points.The index …
Read More »Fed Chair Powell Warns of Economic Fallout from Trump’s Aggressive Tariffs
In a speech delivered on Friday at the Society for Advancing Business Editing and Writing’s annual conference, Federal Reserve Chair Jerome Powell cautioned that the economic consequences of President Trump’s newly proposed tariffs could be far more significant than initially anticipated. Powell highlighted that these tariff increases, which exceed earlier …
Read More »Gold Prices Plummet as Fed’s Hawkish Stance Dampens Safe-Haven Appeal
Gold prices have declined for the second consecutive day, sliding more than 2.80% to a seven-day low of $3,023 per troy ounce, as the metal’s safe-haven allure fades. The drop follows remarks from Federal Reserve Chair Jerome Powell during a conference in Virginia, where he adopted a hawkish tone that …
Read More »U.S. Jobs Report Exceeds Expectations, but Rising Unemployment and Revisions Fuel Economic Uncertainty
The U.S. economy added more jobs than expected in March, but significant downward revisions to February’s employment numbers and an uptick in the unemployment rate have heightened uncertainty about the direction of the economy, complicating the Federal Reserve’s path forward on interest rates. According to data released Friday by the …
Read More »U.S. Stock Futures Plunge as China Tariffs Trigger Fears of Global Recession
U.S. stock index futures fell sharply on Friday, deepening losses after China announced sweeping tariffs on all U.S. imports, intensifying the trade war between the world’s two largest economies just days after President Donald Trump’s aggressive tariff hike. At 08:00 ET (12:00 GMT), Dow Jones futures plunged 1,150 points, or …
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