White House Press Secretary Karoline Leavitt announced that President Donald Trump has granted the U.S. automotive industry—a sector heavily reliant on international trade—a one-month exemption from the newly imposed 25% tariffs on imports from Canada and Mexico. The administration is also exploring additional exemptions or delays, signaling a shift in …
Read More »Jones Recovers Amidst Trade Jitters and Mixed Economic Signals
Following a sharp two-day decline fueled by escalating trade tensions, the Dow Jones Industrial Average (DJIA) staged a recovery, gaining approximately 470 points on Wednesday. Investors remain cautiously optimistic, hoping for signs of de-escalation in the ongoing trade disputes. The market’s volatility reflects the delicate balance between the potential for …
Read More »Bitcoin Rebounds Amid Tariff Uncertainty and Dip Buying
Bitcoin rebounded on Wednesday after an extended rout in crypto prices spurred some bargain buying. The recovery was fueled by hopes that U.S. President Donald Trump might scale down his aggressive trade tariffs, which have weighed on risk appetite in recent sessions. After wild swings this week, Bitcoin—long the flagship …
Read More »Tariff Tremors: Dow Plummets 550 as Trade War Erupts
The Dow Jones Industrial Average (DJIA) suffered a significant blow on Tuesday, plunging 550 points to settle at 42,600, a stark reflection of escalating trade tensions. The day’s trading saw the index dip as low as 700 points, as investor sentiment plummeted in response to President Trump’s newly implemented tariffs. …
Read More »Saudi Aramco Forecasts Lower Dividends in 2025 Amid Declining Profits
Saudi Aramco (TADAWUL:2222), the world’s largest oil company, announced on Tuesday that it expects to declare $85.4 billion in total dividends in 2025, a notable decrease from the $124.25 billion distributed in 2024. Financial Performance: Declining Profitability in 2024 The oil giant reported a 12.4% drop in full-year 2024 net …
Read More »Bitcoin Extends Losses as Trump’s Crypto Reserve Hype Fades
Bitcoin tumbled on Tuesday, deepening its losses from the prior session, as excitement over U.S. President Donald Trump’s proposed national cryptocurrency reserve quickly faded. The broader crypto market also suffered heavy losses, as investor sentiment took a hit from Trump’s tariff hikes on China, Canada, and Mexico, which escalated concerns …
Read More »Bitcoin Surges as Trump Confirms Crypto Strategic Reserve Plans
Bitcoin surged on Monday, extending a sharp rebound from last week’s losses after U.S. President Donald Trump reaffirmed his commitment to establishing a Crypto Strategic Reserve. The move, which includes Bitcoin among other major cryptocurrencies, fueled a rally across digital asset markets. The world’s largest cryptocurrency briefly touched $94,901.96 before …
Read More »Market weekly recap: Trump – Zelensky clash and NFP in the heart of market drivers
US dollar ended last week’s trading in the upside buoyed by concerns of geopolitical tensions escalation after tensions escalated between US president Donald Trump and his Ukrainian counterpart Volodymyr Zelensky in the White House during a meeting which was supposed to witness signing a US-Ukraine deal over natural resources. Dollar …
Read More »Jones Wobbles, Recovers Slightly: Tariffs and Jobs Data Loom Large
The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …
Read More »Bitcoin Falls Below $80,000, Poised for Steepest Monthly Decline Since Trump’s Election Victory
Bitcoin dropped sharply on Friday, slipping below the psychologically significant $80,000 level as investors reacted to escalating U.S. trade tariff concerns and positioned themselves ahead of a key inflation report. The leading cryptocurrency declined 8.4% to $78,955.9 as of 02:11 ET (07:11 GMT), marking a loss of over 22% in …
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