A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …
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A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties. The day’s financial landscape was marked by a surprising contradiction. While …
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Bitcoin rebounded on Thursday, extending its recovery from recent losses, as cooling U.S. inflation data bolstered sentiment. However, gains remained limited due to trade war fears and ongoing recession concerns. The world’s largest cryptocurrency rose 1.8% to $83,511.6 by 01:27 ET (05:27 GMT), following a slight improvement in risk appetite …
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Wall Street navigated a turbulent session, whipsawed by encouraging inflation data and escalating trade tensions. The Nasdaq 100 soared by a robust 1.43%, driven by the relentless strength of the Magnificent Seven and a powerful surge in chip stocks. This tech-fueled rally stood in stark contrast to the Dow Jones …
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During a public meeting with Ireland’s Prime Minister, Micheál Martin, United States President Donald Trump addressed a range of topics, including trade policies, international relations, and economic strategies. His remarks reflected his characteristic approach to addressing contentious issues, particularly in the realm of trade.President Trump criticized the European Union (EU) …
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Asian equities exhibited a mixed performance on Wednesday, as markets reacted to renewed uncertainty over U.S. President Donald Trump’s shifting trade policies. Losses were led by stocks in Australia and Malaysia, while South Korean shares rebounded, buoyed by modest gains in U.S. tech giants. The backdrop to the market action …
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In a whirlwind of announcements, former U.S. President Donald Trump has stirred both domestic and international attention. Within hours of declaring on his Truth Social account a plan to impose a 50% double tariff on Canadian steel and aluminum, Trump appeared to backtrack. Facing pressure from market reactions and his …
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US stocks have been under intense pressure since US President Donald Trump announced on Tuesday that he was considering imposing additional tariffs of 50% on US steel and aluminum imports from Canada, which are scheduled to take effect next Wednesday.This tariff comes as part of an escalation against the Ontario …
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Tesla’s stock experienced a significant 15% drop, triggering a response from US President Donald Trump. While Trump attributed the decline to a “radical left” boycott against Elon Musk, financial analysts pointed to concerns over Tesla’s production targets, declining sales, and the broader economic impact of Trump’s own tariff policies. …
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Bitcoin fell on Tuesday, briefly hitting a fresh four-month low as investor risk appetite was eroded by mounting concerns over a potential U.S. recession and the uncertainty surrounding further trade tariffs under President Donald Trump. Broader crypto markets also declined, as Trump’s recent announcement of a national crypto stockpile failed …
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