# Tags

Trump Prepares Executive Order for Steep Tariffs on Goods from Mexico, Canada, and China

President Donald Trump is reportedly drafting an executive order to impose steep tariffs on imports from Mexico, Canada, and China. The proposed tariffs, which could range from 15% to 30%, target key industries such as automotive, steel, and electronics. The move is seen as an effort to revive Trump’s “America First” trade policies and address […]

Gold Prices Reach All-Time High Amid Escalating Tariff Concerns

On January 31, 2025, gold prices surged to a record high, with spot gold maintaining a steady level at $2,793.84 per ounce and peaking at $2,799.71 earlier in the session. This increase is attributed to mounting concerns over U.S. tariffs, particularly President Donald Trump’s announcement of a 25% tariff on imports from Mexico and Canada. […]

Cryptocurrencies Propel Nasdaq 100 Gains, Outshining Big Tech’s Growth

In an unprecedented shift, Bitcoin and other cryptocurrencies are emerging as the dominant drivers behind Nasdaq 100’s upward momentum, potentially eclipsing the influence of traditional tech giants. Analysts anticipate that as digital assets become more integrated into mainstream finance, they could redefine the future performance of the index. Historically powered by tech titans like Apple, […]

Apple’s Revenue Grows 4% as Services Shine Despite iPhone Sales Miss

Apple reported a 4% increase in overall revenue for its first fiscal quarter, surpassing Wall Street estimates in several areas but falling short on iPhone sales expectations and witnessing an 11.1% drop in China sales. Shares surged by 3% in extended trading as optimistic guidance for the March quarter offset concerns. Key highlights include: Earnings […]

Oil Prices Climb on U.S. Tariff Threat Despite Weekly Decline

Market Reaction to Tariff Risks Oil prices rose on Friday as traders assessed the potential impact of U.S. President Donald Trump’s proposed tariffs on Canada and Mexico, key crude suppliers to the U.S. Brent crude futures for March gained $0.61 to $77.48 per barrel, while the April contract rose by $0.48 to $76.37. U.S. WTI […]

Japan Weighs Alaska Gas Pipeline Support to Strengthen U.S. Ties

Balancing Trade and Energy Japan is contemplating backing a $44 billion Alaskan gas pipeline project to strengthen ties with the U.S. and alleviate trade tensions. The pipeline, stretching 800 miles, would transport natural gas from northern Alaska to a southern port for liquefaction and export to Asia. Despite skepticism over its economic feasibility, Japan may […]

Trump Warns BRICS Against De-Dollarisation with 100% Tariff Threat

Tariffs Loom Over BRICS Currency Plans Former U.S. President Donald Trump issued a stark warning to BRICS nations on Thursday, threatening 100% trade tariffs if the bloc advances plans to establish its own currency and move away from the U.S. dollar. In a post on Truth Social, Trump stated, “There is no chance that BRICS […]

Stock Markets Sway Amid AI Rivalries and Economic Uncertainty

U.S. Stock Markets: Tech Sector Under Pressure The U.S. stock market saw continued declines on January 30, with the S&P 500 falling 1.2% and the Nasdaq Composite dropping 2%. The pullback was driven by concerns over rising competition in the AI sector, particularly from Chinese startup DeepSeek. Major tech players like Nvidia and Microsoft faced […]

U.S. Stock Market Faces Turmoil Amid Tech Weakness and Fed Uncertainty

Tech Sector Volatility Adds Pressure The U.S. stock market encountered heightened risks as cracks appeared in the tech sector’s dominance. Mixed results from tech giants like Microsoft, Tesla, and Meta Platforms added to volatility, particularly as the artificial intelligence trade faltered earlier in the week. Microsoft’s Azure cloud unit reported slower growth, while Meta’s revenue […]

H&M Shares Slip 5% as Q4 Sales Miss Estimates Despite Full-Year Profit Growth

Q4 Sales Fall Below Expectations H&M Hennes & Mauritz AB reported a mixed set of results for the fourth quarter of 2024, with sales missing analyst expectations. The company posted sales of 62.19 billion Swedish krona, falling short of the anticipated 63.48 billion krona. However, this marked a 3% growth in local currencies. Full-Year Operating […]