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European equities rebounded sharply on Thursday after US President Donald Trump announced a temporary pause in full reciprocal tariffs on most trade partners, offering a brief reprieve amid ongoing trade tensions. However, US markets failed to sustain their momentum from the previous session and fell back into negative territory. Best day in years for European… Continue reading European stocks register best day in years: DAX up over 4%, FTSE jumps 3%

Stocks declined on Thursday, reversing half of the previous session’s historic gains, as investors responded to US President Donald Trump’s 90-day reprieve on some “reciprocal” tariffs with concern that economic activity will still be slowed by the higher rates imposed on China. At the time of writing, the Dow Jones Industrial Average slipped by more… Continue reading Dow slips 1,700 points, while S&P sheds Wednesday’s gains; big tech, bank stocks see steep declines

Wall Street may have finally broken through Donald Trump’s hard stance on tariffs. After a week of escalating fears about a potential economic crisis, two of the biggest names in finance — Jamie Dimon and Bill Ackman — appear to have played pivotal roles in persuading 12:37 PM · Apr 9, 2025 4 Reply Copy… Continue reading Did Jamie Dimon and Bill Ackman influence Trump’s tariff pause?

In a defining moment for the luxury fashion world, Prada announced on Thursday that it will acquire Versace for 1.25 billion euros ($1.38 billion) from New York-based Capri Holdings. This is the biggest luxury deal of the year, bringing a dramatic conclusion to Capri’s ambitious yet troubled quest to build an American fashion powerhouse to… Continue reading Prada acquires Versace in €1.25 billion deal: what it could mean for Capri Holdings’ stock as share price falls

Donald Trump is under fire for possible market manipulation after a social media post urging investors to buy stocks preceded a sudden reversal on trade tariffs, which sent markets soaring worldwide. On Wednesday morning, just after US markets opened, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!!… Continue reading Trump’s ‘great time to buy’ post sparks market manipulation claims: calls for probe grow

Inflation in the United States cooled more than expected in March, while weekly jobless claims ticked higher, signaling a potential softening in the economy just as tariff tensions escalate. The Bureau of Labor Statistics (BLS) reported Thursday that the consumer price index (CPI) slipped by a seasonally adjusted 0.1% last month, pulling the 12-month inflation… Continue reading US inflation cools to 2.4% in March as jobless claims rise, easing market jitters

Tesla shares fell sharply in early trading Thursday, retreating over 6% to around $254, following a historic surge in the previous session. The decline came as broader markets also opened lower, with the S&P 500 down 2.2% and the Dow Jones Industrial Average falling 1.9%. Wednesday’s session marked Tesla’s second-best day on record, with the… Continue reading After Wednesday’s record rally, Tesla stock falls 6% today as analysts cut price targets

US equities fell sharply on Thursday, reversing part of the prior session’s explosive rally, as investors weighed President Donald Trump’s partial tariff pause against lingering concerns over China and the broader economic outlook. The Dow Jones Industrial Average dropped 629 points, or 1.6%, while the S&P 500 fell 2.1%. The Nasdaq Composite tumbled 2.9%, with… Continue reading Wall Street on Thursday: S&P, Nasdaq slip over 2% after yesterday’s historic rally

Apple has airlifted around 600 tonnes, or about 1.5 million iPhones, from India to the United States, chartering cargo flights in a race to beat newly imposed tariffs under President Donald Trump’s latest trade measures, Reuters reported, citing people familiar with the matter. The extraordinary logistical effort highlights the lengths to which the tech giant… Continue reading The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs