President Trump has reignited trade tensions by threatening steep tariffs on European exports and warning Apple about iPhone production. This could disrupt global markets and U.S.-EU relations significantly.
U.S. markets experienced a sharp sell-off as rising Treasury yields and fears of ballooning national debt spooked investors. With the S&P 500 and Dow Jones falling, the economic outlook looks grim as the Trump tax bill could worsen the fiscal situation.
In a significant monetary policy shift, China has cut benchmark lending rates for the first time since October, aiming to stimulate its economy amid ongoing trade tensions with the U.S. Major state banks have also reduced deposit rates, reflecting a strategy to bolster consumption and loan growth. As officials navigate a challenging economic landscape, questions arise about the effectiveness of these measures in achieving growth targets.
Asia-Pacific markets saw a significant rise on Tuesday following China's decision to cut its key lending rates to stimulate economic growth amidst ongoing trade tensions. Investors are keenly observing the developments.
Asian shares fell as mixed Chinese economic data raised concerns over domestic struggles and U.S. tariffs. Wall Street futures also dipped amid rising Treasury yields and Moody's credit downgrade.
As financial markets reopen, investors are on edge following Moody's decision to downgrade the US credit rating. This move raises alarms about the nation's ballooning budget deficit and its implications for the economy.
Major cryptocurrencies like ether, XRP, and dogecoin experienced a 3% drop following Moody's downgrade of the U.S. credit rating. This decision has shaken investor confidence, impacting both crypto and traditional markets.
Epic Games has announced that Fortnite is now unavailable on iOS globally after Apple blocked its attempt to reinstate the game on the App Store. This follows a long-standing dispute over in-app purchase fees.
Federal Reserve Chair Jerome Powell warns that higher long-term interest rates are likely, signaling a shift in economic policy and potential supply shocks. As inflation remains volatile, what does this mean for the economy and your finances?
China's equity markets remain volatile despite a tariff reprieve. Meanwhile, Australia sees a surge in employment, and the Chinese central bank relaxes reserve requirements to boost liquidity amidst trade tensions.
