In a significant turn of events, Russian energy giant Lukoil announces its exit from international operations due to stringent U.S. sanctions, potentially leading to a 30% drop in revenues. The company seeks buyers for its foreign ventures amidst escalating tensions over the Ukraine conflict.
The U.S. budget deficit has surged by 20% this July compared to last year, even with record customs revenue from Trump's tariffs. As spending increases, the financial outlook raises concerns over inflation and job opportunities.
A significant surge in U.S. customs duty collections, fueled by President Trump's tariffs, has pushed revenues over $100 billion for the first time, creating a surprising budget surplus. The numbers hint at a new era in U.S. trade policy.
Nike is bracing for a staggering $1 billion cost increase due to tariffs from Trump's trade war, prompting price hikes and a shift in manufacturing. As revenues plunge, can Nike turn things around?
A leading international policy group warns that global economic growth is set to slow to just 2.9% due to Donald Trump's tariffs. The OECD has revised forecasts for both the US and UK economies, highlighting rising trade tensions and economic uncertainty.
Nvidia's stock has dropped 12% amid trade tensions and geopolitical uncertainty, despite record revenues. One top investor argues it's a prime buying opportunity with strong growth catalysts ahead.
