The U.S. economy added 151,000 nonfarm payroll jobs in February, a figure that was lower than the 159,000 forecast but marked an improvement from the revised January total of 125,000, according to data from the Bureau of Labor Statistics released on Friday. The unemployment rate edged up to 4.1%, slightly …
Read More »Bitcoin Drops as Trump’s Crypto Reserve Fails to Impress
Bitcoin fell 4.8% on Friday, sliding to $88,296.5 by 00:46 ET (05:46 GMT) as investor enthusiasm waned following U.S. President Donald Trump’s unveiling of a strategic reserve for cryptocurrency. The announcement, which came shortly after Trump’s crypto czar, David Sacks, outlined plans for the reserve, failed to spark significant market …
Read More »Tariff Confusion Sends Dow Plunging Again
The Dow Jones Industrial Average suffered a significant drop of roughly 575 points on Thursday, as renewed trade war fears rattled markets. Despite attempts by the Trump administration to ease concerns about tariffs, ongoing mixed messages are fueling uncertainty and driving investor anxiety.President Trump’s shifting stance on trade, characterized by …
Read More »Tesla’s Fortunes: Political Backlash and Sales Slump Grip Musk’s Empire
The drop in loyalty rate for Tesla owners in blue states resulted in Tesla losing about a percentage point of market share in those states, which includes some of the nation’s biggest car markets, such as California.A poll last month by Morning Consult that shows that nearly 32% of US …
Read More »Tariffs Pose “Substantial” Risks to UK and Global Economies, Bank of England Warns
The potential impact of escalating US tariffs on the UK economy, and indeed the global economy, is a cause for serious concern, according to the Governor of the Bank of England, Andrew Bailey. Speaking before MPs, Bailey emphasized that these tariffs could significantly hinder economic growth and present “substantial” risks.The …
Read More »US automotive industry granted one month exemption from tariffs
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 …
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