US President Donald Trump said on Monday that America will be getting “richer and richer” as he hailed a landmark deal with Intel, saying their stock prices are going up.He also expressed readiness to strike more such deals, as they would bring more jobs to the country.Trump also took aim at the “stupid” people opposing the deal saying that the …
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The battle over the independence of the US Federal Reserve has intensified, with President Donald Trump openly calling for the resignation of a governor, threatening to fire Chair Jerome Powell, and repeatedly pressuring the central bank to cut interest rates. The escalating confrontation has revived a long-running debate over why the Fed has historically been insulated from direct White House …
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US stock futures pointed toward losses as Wall Street opened on Monday, with major indices retreating amid a decline in oil prices and a rally in gold. The broader market faced pressure as traders reacted to shifting dynamics in global commodities, geopolitical tensions, and concerns over economic growth.At 9:33 am GMT-4, the Dow Jones Industrial Average (DJIA) was down by …
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US GDP contracts: The economic news triggered a negative response in US stock markets US GDP contracts: The American economy saw an unexpected contraction during the first quarter of 2025, primarily attributed to increased imports as businesses and individuals built up inventories before US President Donald Trump‘s comprehensive tariffs took effect.According to figures released by the US Commerce Department on …
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US stocks rallied initial hours of trading as investors welcomed a surprise move by President Donald Trump to temporarily exempt key technology products from new tariffs. The exemption, which includes smartphones, computers, and semiconductors gave a major lift to tech-heavy indices and set a bullish tone for the start of the week.As of 1:15 PM ET, the Dow Jones Industrial …
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As US President Donald Trump’s trade war rolls on, the financial world is buzzing with complex-sounding terms that may confuse everyday readers. From bears and bulls to dead cats and dips, here’s a simple guide to what they mean—and why they matter right now.Bear and bull marketWhen share indexes like the S&P 500 or Dow Jones drop by 20% or …
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Billionaires and business leaders Jamie Dimon and Bill Ackman cautioned against Donald Trump’s tariffs and its impact on the global economy as the trade war escalated affecting the stock markets across globe. Global markets reeled from the impact of tariff, and the turbulence extended to Wall Street as US markets opened to a sharp downturn on Monday. The announcement of …
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Donald Trump (File photo -AP) US President Donald Trump has dubbed this Wednesday as “Liberation Day,” promising to unveil a new round of tariffs aimed at freeing the United States from reliance on foreign goods. While the details remain vague, the stakes are high for American families, businesses, and the global economy.What’s in store with Trump’s new tariffs?Trump plans to …
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For weeks, the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve chief Jerome Powell to raise the alarm, he took a hard pass. Speaking to reporters following a two-day meeting of policymakers, Powell downplayed mounting growth concerns and the price hits that could be on the way from President Donald Trump’s aggressive trade war. …
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The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. In considering the …
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