In a coordinated effort to shore up investor confidence, top Chinese brokerages have pledged to help stabilize domestic share prices, the Shanghai bourse announced. This pledge comes as scores of listed companies unveiled plans to buy back their own stock, a response to the escalating trade war that has sent shockwaves through the local market.… Continue reading China responds to Donald Trump’s 104% tariffs with brokerage pledges, buyback plans
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Hedera price jumps 10% on rumored Nvidia AI integration
Earlier today, the Hedera price rose sharply following the speculation of a potential integration with Nvidia’s cutting-edge AI ecosystem, which has energized traders and market watchers alike. The market reaction was emphatic, with HBAR climbing approximately 10.3% within minutes amid a broader recovery in the cryptocurrency space after a recent market downturn following President Donald… Continue reading Hedera price jumps 10% on rumored Nvidia AI integration
Trade war could push S&P 500 down further to this level
US stocks are struggling to find a floor after President Trump announced retaliatory, or what some would call punitive, tariffs on dozens of countries on April 2nd. Financial markets from all over the world are reacting negatively to Trump’s tariffs as the related disruption to the global supply chain could lead to a broad-based recession. … Continue reading Trade war could push S&P 500 down further to this level
Dow and S&P 500 rebound on hopes of tariff deals; Broadcom shares jump, healthcare stocks post notable gains
Major equity benchmarks rebounded from the blood bath of the previous sessions as traders hoped the US would reach trade deals and lower duties. At the time of writing, the Dow Jones Industrial Average was higher by 836 points after falling over 1,000 points at one point on Monday. The S&P 500 index also gained… Continue reading Dow and S&P 500 rebound on hopes of tariff deals; Broadcom shares jump, healthcare stocks post notable gains
US confirms 104% tariffs on Chinese imports effective April 9: ‘Additional tariff will be collected starting tomorrow’
The US–China trade tensions took a major turn on Monday as the White House confirmed a sweeping 104% tariff on selected Chinese imports, escalating an already volatile standoff between the world’s two largest economies. According to Fox Business reporter Edward Lawrence, White House Press Secretary Karine Jean-Pierre announced that the Watch on Twitter View replies… Continue reading US confirms 104% tariffs on Chinese imports effective April 9: ‘Additional tariff will be collected starting tomorrow’
Trump’s beef backfires? Aussie exporters may actually win from trade war
US President Donald Trump raised eyebrows last week when he singled out Australian beef while announcing tariffs on a broad range of imports. “They won’t take any of our beef,” Trump said, referring to Australia’s long-standing restrictions on US beef imports due to concerns over mad cow disease. These restrictions have effectively halted almost all… Continue reading Trump’s beef backfires? Aussie exporters may actually win from trade war
Klarna and StubHub delay IPO plans as Trump tariff shock rattles investor sentiment: report
Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump’s sweeping tariff announcement rippled through global financial markets. According to a CNBC report citing a source familiar with the matter, the companies are postponing their initial public offerings due to mounting uncertainty… Continue reading Klarna and StubHub delay IPO plans as Trump tariff shock rattles investor sentiment: report
Rioja wine producers face uncertainty amid trade tensions and global demand shifts
Rioja, a wine-producing region in Spain, has seen its wine stockpiles grow since the pandemic. Wine producers in the region had hoped to increase exports of their tannic red wines to the US market, but those hopes were fading ahead of President Donald Trump’s tariff announcement, which he referred to as “liberation day.” Trump’s tariff… Continue reading Rioja wine producers face uncertainty amid trade tensions and global demand shifts
Hedge funds exit Asian markets ahead of US tariff announcement on April 2
Hedge funds pulled back from Asian markets last week, shedding stocks and reducing leveraged positions as they prepared for US President Donald Trump’s announcement of new reciprocal tariffs on April 2. South Korea, China’s onshore markets, and Taiwan saw the heaviest selling, while hedge funds also ramped up short bets in Japan, Morgan Stanley noted… Continue reading Hedge funds exit Asian markets ahead of US tariff announcement on April 2