President Trump has doubled tariffs on imported steel and aluminum to 50%, igniting debates over rising costs for consumers and businesses. Meanwhile, aid operations in Gaza have been paused amid escalating violence.
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President Trump has ramped up steel and aluminum tariffs to 50%, impacting both domestic producers and industries reliant on these metals. As costs rise, the ripple effects could lead to higher consumer prices and job losses in other sectors.
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Oil prices are climbing due to supply concerns as Iran rejects a U.S. nuclear deal proposal and wildfires in Canada disrupt production. Discover the factors driving these changes!
The U.S. manufacturing sector contracted for the third straight month in May, raising concerns among industry leaders. New orders, production, and employment continue to decline, while prices for raw materials are on the rise, creating a challenging environment for manufacturers.
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On the first trading day of June, U.S. stock futures fell over 0.3%, despite a strong May. Treasury yields rose amid budget concerns, while crude oil prices surged after Ukraine's drone attack on Russian military airports.
Amid escalating trade tensions and the ongoing Russian-Ukraine conflict, global shares saw a significant drop on Monday while oil prices surged. Investors are on edge as geopolitical uncertainties loom large.
Oil prices saw a significant rebound after OPEC+ announced a production increase of 411,000 barrels per day for July, easing concerns of a larger hike. Analysts weigh in on market reactions and future expectations.
