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, Thursday, May 08, 2025- Asian stocks rose moderately on Thursday after the US Federal Reserve kept its interest rates unchanged as expected by the market and Wall Street finishing high. Japan’s benchmark Nikkei 225 edged up 0.5% in afternoon trading, Australia’s S&P/ASX 200 added 0.24%, South Korea’s Kospi rose 0.5%, Hong Kong’s Hang Seng […]
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, Friday, May 23, 2025- US Treasury Secretary Scott Bessent said the US could be announcing “several large” trade deals in the next couple of weeks, as the Trump administration is expected to meet with China for tariff talks. “My sense is, over the next couple of weeks we’re going to have several large deals […]
Catenaa, Monday, April 28, 2025- US Treasury Secretary Scott Bessent said it’s “up to China” to de-escalate trade tension with the US as the Trump administration sends mixed signals on relations with China. Bessent said in an interview with CNBC on Monday it’s “up to China” to de-escalate. “As I’ve repeatedly said, I believe it’s […]
Catenaa, Tuesday, May 06, 2025- US Treasury Secretary Scott Bessent said on Tuesday, the Trump Administration has not begun any negotiations with China over tariffs but has started with 17 other trading partners. Bessent testified before a Congressional Oversight hearing of the Treasury Department Tuesday morning and said the US is negotiating trade deals with […]
Catenaa, Thursday, May 08, 2025- Boeing shares gained on Thursday after the UK announced a $10 billion purchase of Boeing planes as part of a private sector deal following the UK-US trade deal. US Commerce Secretary Howard Lutnick announced at White House that the UK will purchase $10 billions of Boeing planes, though the details were […]
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, Wednesday, April 23, 2025– European Union (EU) exports to the US increased by 22.4% year over year in February to a 13-month high, ahead of President Trump’s tariff concerns. Eurostat data showed on Wednesday, EU exports to the US amounted to $58.8 billion in February while imports from the US rose by 2.4% to […]
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, Monday, June 16, 2025- European Union (EU) hopes to agree to a 10% tariff on all exports to the US, a report said on Monday, to avoid higher tariffs on cars, medicines and electronics. Citing senior EU officials, a report by the German newspaper Handelsblatt said the offer to the US would come with […]
Catenaa, Thursday, June 19, 2025- The US Federal Reserve held interest rates on Wednesday for the fourth meeting in a row but kept a projection for two rate cuts this year. The Fed committee voted unanimously to maintain its benchmark interest rate in the range of 4.25%-4.5%. The Fed has now held rates at that […]
Catenaa, Thursday, April 24, 2025- US Federal Reserve sees no urgency in changing policy rates and seeks more clarity to determine the impact of Trump’s tariffs on the economy. Federal Reserve Governor Christopher Waller said in a Bloomberg interview on Thursday that given the tempo at which the Trump administration’s import taxes shift, it wouldn’t […]
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, May 07, 2025- Nvidia would face a “tremendous loss” if the chipmaker loses access to the soon to be $50 billion worth AI market in China, CEO Jensen Huang said. In an interview with CNBC on Tuesday, the Nvidia boss addressed concerns about the growing restrictions facing his company as the US government […]
Catenaa, Monday, April 21, 2025– MicroAlgo Inc, the popular penny stock is continuing with its gains as the stock gained by over 90% on Monday afternoon as the company tries to enter the tech landscape. MicroAlgo Inc. stock has been a leading performer in the US equity market, which is hit by uncertainties with US […]
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, May 12, 2025- US stocks such as Tesla and Nvidia, which were battered by the trade war between Trump and China, were trading higher on Monday after talks reduced tariffs. Two days of trade talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop […]
Catenaa, Friday, May 30, 2025- US President Donald Trump accused China on Friday, saying that China had “violated” its trade deal with the US, which pushed stocks down amid fears of re-escalating trade tensions. “China was in big trouble two weeks ago” due to the high tariffs set by the US, Trump said in Truth […]
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, Thursday, June 12, 2025- President Donald Trump said on Wednesday that the letters will be sent to the trading partners in the next week or two, setting unilateral tariff rates. “At a certain point, we’re just going to send letters out. And I think you understand that, saying this is the deal, you can […]
Catenaa, Wednesday, April 23, 2025- US Treasury Secretary Scott Bessent said on Wednesday that Trump administration is not considering slashing steep tariffs on Chinese imports to de-escalate the trade war. Bessent told reporters that high duties imposed by both sides need to come down mutually before talks can begin between the two economies. “Neither side […]
Catenaa, Monday, June 09, 2025- The US and China restarted trade talks in London on Monday, as the two nations aim to ease export controls and close the deal on rare earth minerals. “The purpose of the meeting today is to make sure that they’re serious, [and] to literally get handshakes,” Kevin Hassett, director of […]
Catenaa, Friday, May 16, 2025- US Consumer sentiment fell to its second-lowest level in May as Americans expect Trump’s tariffs to raise prices over the next year. The latest University of Michigan survey released Friday showed that the sentiment index slid to 50.8, below the 52.2 seen last month. The reading was just shy of […]
Catenaa, Thursday, May 29, 2025– US corporate profits fell by 42% quarter-over-quarter in the first quarter, official data showed on Thursday, and risks from tariffs-related costs could continue throughout the year. Commerce Department’s Bureau of Economic Analysis (BEA) said that profits from current production with inventory valuation and capital consumption adjustments dropped $118.1 billion last […]
Catenaa, Friday, June 06, 2025- US economy added 139,000 jobs in May as the labor market stays resilient despite economic uncertainty around President Trump’s tariffs. Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2%, the Bureau of Labor Statistics reported on Friday. Employment continued to trend up […]
Catenaa, Wednesday, June 11, 2025- US consumer inflation rose less than expected in May, official data showed on Wednesday, despite concerns that Trump tariffs would hike prices. The Consumer Price Index rose 2.4% year over year in May, up from a 2.3% annual increase in April, the Bureau of Labor Statistics said. It was the […]
Catenaa, Monday, May 05, 2025- US media stocks fell on Monday after President Donald Trump announced a 100% tariff on foreign produced films imported to the country. Media stocks such as Netflix fell by over 1.4%, Warner Bros by 0.8% and Paramount Global fell by over 0.9%, while Disney recorded a gain of 0.4% by […]
Catenaa, Tuesday, April 22, 2025– US recession odds have increased by a minimum of 37% through analysis given by investments firms and IMF due to US trade tariffs and trade war with China. Citigroup’s Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession. Sheets told clients in […]
Catenaa, Tuesday, June 17, 2025- US retail sales fell in May, official data showed on Tuesday, as President Trump’s tariffs reduced gas and auto purchases. Retail trade sales were down 0.9% from April 2025, and up 3.0% from last year, surpassing economists’ expectations for a 0.6% decline month on month. A 2% decline in gasoline […]
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, Wednesday, April 23, 2025- US stocks were up across the board on Wednesday after President Trump said that he has no intention of firing Fed Chair Jerome Powell. Market also reacted to reports that Trump is considering slashing steep tariffs on China, even though Treasury Secretary Scott Bessent denied the claims and said that […]
Catenaa, Thursday, May 08, 2025- US announced its first trade deal since the announcement of reciprocal tariffs in April with the UK on Thursday, which looks to cut down on tariffs on cars, steel and aluminum. It’s a “tremendous trade deal for both countries,” Trump said Thursday in the Oval Office. “This is a fantastic, […]
Catenaa, Monday, May 12, 2025-The United States and China on Sunday reported significant progress in bilateral trade negotiations following two days of closed-door talks in Switzerland. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng called the Geneva meetings constructive and comprehensive. They were the first such high-level engagement since President Donald Trump […]
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. […]
Catenaa, Tuesday, June 10, 2025- The world economy will grow at its slowest pace since the 1960s during this decade, the World Bank warned on Tuesday, as trade wars will hit economies. Citing “a substantial rise in trade barriers’’ the World Bank said that the US economy would grow half as fast (1.4%) this year […]