Catenaa, Thursday, April 10, 2025- Chinese companies that sell products on Amazon are preparing to hike prices for the US market or quit it with the ongoing trade war between China and the US. Head of Shenzhen Cross-Border E-Commerce Association, China’s largest e-commerce association, Wang Xin said that it will be very hard for anyone […]

Catenaa, Tuesday, April 15, 2025- Bank of America reported 10% jump in profits in the first quarter with growth in interest income and gains from a volatile market. The bank said its net income grew to $7.4 billion and earnings per share to $0.90 from $0.76 last year, while revenue was up by 6% year-over-year […]

Catenaa, Wednesday, April 16, 2025– China has recorded an unexpectedly 5.4% GDP growth in the first quarter before the US trade tariffs took effect, official data showed on Wednesday. The National Bureau of Statistics (NBS) said, China’s economy grew by 5.4% in the first quarter, beating estimates of 5.1%, continuing the export driven growth seen […]

Catenaa, Tuesday, April 08, 2025- China State-owned Assets Supervision and Administration Commission said on Tuesday it fully supports central state-owned enterprises to increase their stock holdings and share buybacks to reduce impact on the ongoing trade war on the stock market. Several Chinese state-owned companies, including oil giant Sinopec, have already announced plans to buy […]

Catenaa, Monday, April 14, 2025- China overall trade surplus hit $ 103 billion in March, official data showed on Monday, as the results of the trade war between China and the US is yet to be seen. According to China Customs, China’s trade surplus surged to $102.64 billion in March 2025, up from $58.65 billion […]

Catenaa, Thursday, April 17, 2025- The European Central Bank(ECB) cut interest rates by 25 basis points on Thursday as the increasing global trade disruptions adds more uncertainty to the inflation outlook. ECB President Christine Lagarde said it was unanimously decided to cut rates by 25 basis points instead of 50 basis points as some analysts […]

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, Monday, April 14, 2025- Goldman Sachs’ first quarter profits rose by 15% year on year, the company reported on Monday, driven by record revenues by equities and fixed income amidst volatility. The firm reported net revenues of $15.06 billion and net earnings of $4.74 billion for the first quarter ended March, while diluted earnings […]

Catenaa, April 11, Friday, 2025- Morgan Stanley reported a net profit increase of 26% year on year in first-quarter (Q1) profit with outperformance in prime brokerage and strong client activity amid market volatility. The bank posted a profit of $4.3 billion, or a $2.60 per share, for Q1 on Friday. That compares with a profit […]

Catenaa, Wednesday, April 16, 2025- US Federal Reserve Chair Jerome Powell said tariffs are highly likely to generate at least a temporary rise in inflation in the US, while the economy is still stable despite uncertainty. In a speech to the Economic Club of Chicago, Powell said that tariffs imposed by President Trump are highly […]

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, Friday, April 11, 2025- Wells Fargo posted revenue below Wall Street’s expectation for the first quarter on Friday as with higher deposit costs and slow growth in personal loans. The San-Francisco based banker reported revenue of $20.15 billion versus the expectation of $20.75 billion, first quarter revenue was down by 2% year on year. […]