Catenaa, Saturday, April 19, 2025- Apple and Nvidia stocks have been in the forefront of Trump’s trade war, shedding $ 1 trillion in market cap collectively since liberation day. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2, shows how the investors are battling the ever -changing uncertainty in […]
Catenaa, Monday, April 19, 2025- US Treasury Secretary Scott Bessent warned its trading partners on Sunday that tariff rates will go back to April 2 levels if trade deals are not made with the US during the 90-day pause. “President Trump has put them on notice that if you do not negotiate in good faith, […]
Catenaa, Monday, April 07, 2025- Bitcoin dropped below $80,000 on Sunday, as the fall in the cryptocurrency market continues with markets reacting to US trade tariffs. With President Trump’s announcement last Wednesday on reciprocal tariffs, a sharp decline in the crypto market was seen with Ethereum dropping nearly 8% in 24 hours, and the ETH/BTC […]
Catenaa, Tuesday, April 08, 2025- World richest man Elon Musk’s wealth dropped below $300 billion on Monday for the first time since 2024, due to impacts of recent Tesla backlash and sweeping new tariffs. Bloomberg Billionaires Index showed that Musk was worth $298 billion as of market close Monday, since the beginning of the year, […]
Catenaa, Tuesday, May 06, 2025- The European Union (EU) plans to impose additional tariffs on $113 billion worth of US goods imported to the bloc if the ongoing trade talks fail to yield a satisfactory result, Bloomberg said. Quoting people familiar with the matter, Bloomberg said that the proposed retaliatory measures will be shared with […]
Catenaa, Friday, April 04, 2025- JPMorgan has increased the US recession risk to 60% after US President Donald Trump implemented the largest cumulative tax hike in 57 years on Wednesday. In a research note to clients published on Thursday, JPMorgan warned that the risk of the global economy falling into a recession has increased from […]
Catenaa, Thursday, April 03, 2025- The Magnificent Seven stocks all fell on Thursday following the Trump Administration announcement of reciprocal tariffs, with Apple faring worst of all. The iPhone maker’s shares dropped 8% by mid-day after President Donald Trump late Wednesday imposed an 34% import tax on China, where Apple manufactures about 90% of its […]
Catenaa, Thursday, April 03, 2025- More than 180 countries are set to face the US reciprocal tariffs by President Donald Trump, where countries such as China sees a tariff of 54% on its exports to the US. Trump and the White House shared a series of charts on social media detailing the tariff rates they […]
Catenaa, Friday, May 16, 2025– US President Donald Trump said on Friday tariffs rate for US trading partners will be set over the next two to three weeks, as his administration lacks the capacity to negotiate deals with all trading partners. Trump said Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be sending […]
Catenaa, Monday, April 07, 2025- Stocks reversed course in Wall Street on Monday after White House economic adviser Hassett President Trump is considering a 90-day tariff pause on all countries except China. In an interview with Fox news, National Economic Council Director Kevin Hassett said that President Donald Trump was considering a 90-day tariff pause […]
Catenaa, Tuesday, May 06, 2025- The US trade deficit in the first quarter of 2025 increased by over 92% to $438 billion as imports surged by 23% in the quarter ahead of the tariffs by President Trump. Commerce Department’s Bureau of Economic Analysis (BEA) said on Tuesday that the goods and services deficit increased $189.6 […]
Catenaa, Monday, April 07, 2025- US Treasury Secretary Scott Bessent says that bitcoin is emerging as a “store of value” replacing Gold as Bitcoin falls 10% since Trump’s announcement of reciprocal tariffs. “Bitcoin is becoming a store of value, gold has historically been a store of value,” Bessent told podcaster Tucker Carlson on Saturday, adding […]