U.S. stock markets took a sharp dive on Wednesday, rattled by cautious remarks from Federal Reserve Chair Jerome Powell, who emphasized the need for greater clarity before making any changes to the central bank’s monetary policy. Speaking at the Economic Club of Chicago, Powell signaled that the Federal Reserve would …
Read More »Fed Chair Jerome Powell Sounds Alarm on Tariffs’ Economic Fallout
The U.S. economy is entering a period of unprecedented uncertainty, driven by a sweeping array of new tariffs introduced by the current administration, according to Federal Reserve Chair Jerome Powell. Speaking at a high-profile economic forum in Chicago, Powell described these trade policies as a historic shift, unparalleled in modern …
Read More »ECB Braces for One More Rate Cut in 2025 as Tariff Tensions Threaten Eurozone Growth
As global trade uncertainties intensify, the European Central Bank (ECB) is gearing up to reduce interest rates for the third time in 2025, with a pivotal decision slated for Thursday, April 17, 2025. Market expectations are firmly set on a 25-basis-point cut, with a 94% probability, though a modest 6% …
Read More »Bitcoin Falls as Tariff Turmoil Undermines Risk Appetite, Altcoins Dive Sharply
Bitcoin fell on Wednesday, pulling back sharply from Tuesday’s highs as growing uncertainty around U.S. trade policy under President Donald Trump spooked global markets and dampened demand for speculative assets like cryptocurrencies. As of 01:20 ET (05:20 GMT): Bitcoin (BTC) dropped 2.5% to $83,409.40, retreating from above $86,000 seen a …
Read More »Stock Market Dips as Investors Eye Key Economic Data
U.S. stock market took a breather on April 14, 2025, with major indexes posting modest declines as investors braced for a flurry of economic reports and corporate earnings. The S&P 500 slipped 0.3%, closing at 5,687.54, while the Nasdaq Composite shed 0.4% to end at 18,398.92. The Dow Jones Industrial …
Read More »Bank of America Shines in Q1 2025 Despite Economic Headwinds
Bank of America Shines in Q1 2025 Despite Economic HeadwindsBank of America (BAC) launched the 2025 earnings season with a standout first-quarter performance, exceeding Wall Street forecasts even as economic uncertainties loomed large. Announced on April 15, 2025, the bank reported a net income of $7.4 billion, a 11% increase …
Read More »Bitcoin Gains as Trump Hints at Auto Tariff Pause, Reports Emerge of U.S. Crypto Reserve Plans
Bitcoin rose over 1% on Tuesday, rebounding from muted movement in the prior session as investor sentiment improved following U.S. President Donald Trump’s remarks about pausing auto import tariffs. Speculative momentum also grew on reports that the U.S. government may use tariff revenue to buy Bitcoin and bolster strategic crypto …
Read More »Bitcoin Steadies as Tariff Relief Offers Breather, But Trade War Fears Persist
Bitcoin held steady on Monday, stabilizing after a period of intense volatility, as investor sentiment improved slightly on the back of temporary U.S. tariff exemptions on electronics from China. However, ongoing trade war tensions, weak risk appetite, and recession fears kept gains in check across crypto markets. As of 02:13 …
Read More »U.S. Stock Futures Climb as Tariff Relief Lifts Tech, Goldman Earnings in Focus
U.S. stock index futures rose sharply on Monday, boosted by relief over the temporary exemption of electronics from President Donald Trump’s steep tariffs on Chinese imports. Investors also looked ahead to a busy week of corporate earnings and Federal Reserve commentary, with hopes that improving sentiment could sustain recent gains. …
Read More »Trade War Tensions Rise: Global Markets Brace for Impact
The United States has ignited a fierce trade war with China, escalating tensions that could reshape the global economy. New tariffs, some exceeding 100% on Chinese goods, have sparked immediate retaliation from Beijing, which raised duties on American imports to 125%. This tit-for-tat exchange follows a bold U.S. strategy to …
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