Bitcoin continued its downward trajectory on Monday, extending a recent run of losses as market participants remained unimpressed by President Donald Trump’s announcement of a strategic cryptocurrency reserve and his White House crypto summit. The world’s largest cryptocurrency fell 4.2% to $82,417.7 by 01:39 GMT, bringing it near a four-month …
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The S&P 500 experienced a volatile session on Friday, capping a challenging week with its steepest decline in several months. Investors wrestled with a mix of trade policy developments and lackluster economic data, leaving markets on edge.The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all saw …
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Federal Reserve Chair Jerome Powell struck a cautious tone on Friday, highlighting the challenges posed by policy uncertainty in shaping monetary policy. He pointed to the unpredictability surrounding the Trump Administration’s policies and their economic implications as a significant factor.Powell emphasized that while long-term inflation expectations remain stable and aligned …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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