Catenaa, Tuesday, March 11, 2025– American Airlines forecasted lower revenue and wider adjusted loss in the first quarter of 2025, with tariff pressures and weaker air travel demand. The company said on Tuesday that it cuts its revenue growth expectation for the first three months of the year, now expecting revenue to be unchanged from the prior-year […]
Catenaa, Thursday, March 06, 2025– Most Asian shares were up on Thursday following the rebound in the US stocks after President Donald Trump revised some of his planned tariffs. On Wednesday, the Trump administration decided to give a one-month exemption for US automakers on his 25% tariffs for Mexican and Canadian imports, raising hopes that a trade […]
Catenaa, Wednesday, March 12, 2025– Goldman Sachs lowered its 2025 year-end target for the S&P 500 to 6,200 from 6,500 on Tuesday, due to policy uncertainty largely related to tariffs and concerns about the economic growth outlook. Goldman Sachs said a 4% reduction in its fair-value forward price-to-earnings (P/E) multiple from 21.5x to 20.6x. The firm also […]
Catenaa, Tuesday, March 11, 2025- US President Donald Trump said on Tuesday that he will double his planned tariff on all steel and aluminum to 50% from Canada as the trade war between two countries intensifies. Trump said on social media that the increase of the tariffs set to take effect on Wednesday is a response to […]
Catenaa, Wednesday, March 05, 2025– US President Donald Trump called for new tax cuts, tariffs and curb inflation in his inaugural address to the Congress on Tuesday, as he looked to bring in trillions of dollars to the economy. Trump asked the congress to cut income taxes on Social Security benefits, tips, and overtime pay, and also […]
Catenaa, Monday, March 10, 2025- US President Donald Trump refused to rule out a recession from his planned tariffs as the US economy is in a period of transition. In an interview with Fox News on Sunday, the president said his plans for bigger “reciprocal” tariffs will go into effect on April 2. The White House had […]
Catenaa, Wednesday, March 12, 2025– US President Donald Trump’s tariff and other policies have increased the probability of a US recession as the markets unwind on their higher growth expectation, Standard Chartered said. Kaushik Rudra, Global Head of Fixed Income Research and Head of Asia Research at Standard Chartered, said that although they expect a growth in […]
Catenaa, Thursday, February 27, 2025– US economic growth slowed in the fourth quarter of 2024, official data revealed on Thursday, with increases in consumer and government spending and decline in investments. Commerce Department’s Bureau of Economic Analysis (BEA) said Gross Domestic Product(GDP) decreased to a 2.3% in Q4 year on year, after accelerating at a 3.1% pace […]
Catenaa, Tuesday, March 04, 2025– US stocks fell in the early hours on Tuesday, after President Donald Trump’s promised tariffs tool effect. The Dow Jones Industrial Average dropped by over 765 points, or 1.77% after 2 hours into the market opening, while the S&P 500 fell 1.75%. The tech-heavy Nasdaq inched down 1.57 The policy taxes […]