Reported 26 days ago
US President Donald Trump's newly announced auto tariffs are expected to diminish the chances of the Bank of Japan raising its benchmark interest rate in May. Economists note that the tariffs will negatively affect Japan's auto sector and wider economy, prompting the BOJ to take a cautious approach. The tariffs, effective April 2, could add pressure to the yen and influence Japan's GDP growth slightly, as local automakers remain relatively competitive in the US market. Prime Minister Shigeru Ishiba is considering countermeasures against the US while advocating for exemptions for Japanese cars.
Source: YAHOO
Reported 26 days ago
The Australian bond market is experiencing a significant decline in demand relative to supply, reaching a record low due to concerns over high debt issuance. The spread between 10-year swaps and bond futures has dropped to negative 14.75 basis points, the lowest since 1998, as the government plans to issue A$150 billion in bonds by June 2026, exceeding previous forecasts. This increasing supply is contributing to tighter spreads in the market.
Source: YAHOO
Reported 26 days ago
The US has initiated a civil forfeiture lawsuit seeking $47 million from the sale of approximately 1 million barrels of oil, believed to originate from Iran and stored in Croatia. The complaint cites a scheme involving the shipment and sale of Iranian oil that benefitted designated terrorist groups, with the oil being misrepresented as Malaysian in origin. This action is part of the Trump administration's broader strategy to limit Iran's oil exports and related revenues.
Source: YAHOO
Reported 26 days ago
Australia's Prime Minister Anthony Albanese has expedited a new set of tax cuts amounting to A$17 billion through parliament as he signals that the start of the 2025 election campaign is imminent, with speculation suggesting the election could be called as early as Friday. The tax cuts, opposed by the Liberal-National Coalition, are part of Labor's budget plan and are aimed at addressing cost-of-living pressures. Meanwhile, opposition leader Peter Dutton has responded with a proposal to halve fuel excise for a year, indicating a contentious campaign ahead.
Source: YAHOO
Reported 26 days ago
President Xi Jinping is intensifying China's influence in the Indo-Pacific by testing US allies on critical issues, as Donald Trump's attention drifts elsewhere. From military drills near Australia to pressure on Thailand regarding human rights, China seeks to challenge the US's role as a security partner in the region. Trump's skepticism of NATO and demands for allied defense spending exacerbate these tensions, leading to cautious responses from Asian nations trying to navigate the shifting power dynamics.
Source: YAHOO
Reported 26 days ago
President Donald Trump has announced a 25% tariff on auto imports set to begin on April 3, aiming to boost U.S. manufacturing jobs and expand a trade war. The tariffs will not only affect fully assembled cars but also key parts, potentially raising prices for consumers. This move is part of a broader strategy that includes additional tariffs on various goods, raising concerns about inflation and economic impacts for both U.S. and foreign automakers.
Source: YAHOO
Reported 26 days ago
Asian stocks declined as President Trump's new tariffs on imported cars created uncertainty in the markets, impacting demand for risky investments. Major indexes in China, Hong Kong, and Japan all registered losses, alongside a dip in U.S. equity-index futures. The tariffs, which are set to raise car prices significantly, have led to increased wariness among investors, causing market volatility and a dip in liquidity. Concerns about the overall economic impact of these tariffs have raised questions about the future direction of U.S. trade policy.
Source: YAHOO
Reported 26 days ago
Robinhood is introducing wealth management and private banking services aimed at retail investors with modest portfolios. The new 'Robinhood Strategies' offers managed portfolios starting at a $50 investment and a nominal annual fee for premium subscribers. This move addresses the growing demand for professional financial advice among retail traders, emphasizing a shift in viewing investing as a means to secure financial independence. Additionally, the company plans to launch an AI investment tool and exclusive banking services for premium users later this year.
Source: YAHOO
Reported 26 days ago
The incoming CEO of JSR, Tetsuro Hori, is shifting focus to improving the company's financial performance and stepping back from previous ambitions for mergers and acquisitions in the semiconductor sector. With the company's financial struggles, particularly in its life sciences unit, Hori emphasizes the need to recover before considering potential sales or M&A, aiming for profitability by March 2026.
Source: YAHOO
Reported 26 days ago
U.S. President Donald Trump announced a 25% tariff on all imported cars, causing stock prices of major automakers like General Motors and Ford to drop, while Tesla's shares showed initial losses before recovering. Analysts are concerned about the long-term effects of these tariffs on trade relations and global economic growth, suggesting that they may signal a shift in the Trump administration's approach to global trade.
Source: YAHOO
Reported 26 days ago
Robinhood Markets Inc., evolving from its meme stock origins, aims to transform into a comprehensive financial platform by offering bank-like services alongside its trading features. Set to launch checking and savings accounts with competitive interest rates for Gold subscribers, Robinhood will partner with Coastal Community Bank for FDIC protection. The platform plans to provide estate planning, tax advice, and on-demand cash delivery, as well as new wealth management services and an AI tool for investment insights, all aimed at consolidating financial needs under one brand.
Source: YAHOO
Reported 26 days ago
President Trump has officially announced a 25% tariff on all foreign-made vehicles and select auto parts, set to take effect on April 2. This move, part of his effort to boost the U.S. automotive industry, is projected to generate $100 billion annually, but may significantly increase vehicle prices domestically by $3,000 to $12,000. While primarily targeting foreign automakers, domestic companies like Ford and GM are also concerned about the impact on their production costs, as they source materials from abroad. Trump framed the tariffs as essential for protecting American interests, labeling April 2 as a 'Liberation Day' from foreign economic exploitation.
Source: YAHOO
Reported 26 days ago
Shares of Japanese automakers plummeted after President Donald Trump announced a 25% tariff on all auto imports, raising concerns about potential sales impacts in the crucial US market. Leading companies like Toyota, Honda, and Nissan experienced significant declines, highlighting market fears over the broader economic implications, as auto exports are a vital part of Japan's economy.
Source: YAHOO
Reported 26 days ago
Bankrupt genetic testing company 23andMe has received judicial approval to attempt the sale of its valuable customer medical and ancestry data, raising privacy and safety worries amid its financial struggles. The process is set with tight deadlines, prompting fears from customers about how their sensitive information will be handled. A call for a third-party privacy ombudsman has emerged, with bankruptcy officials emphasizing the need to protect consumer data throughout the sale.
Source: YAHOO
Reported 26 days ago
President Donald Trump expressed readiness to lower tariffs on China as a strategy to facilitate a deal concerning TikTok, the short video app owned by ByteDance, which must find a non-Chinese buyer by April 5 to avoid a ban. This proposal indicates that the administration views the successful negotiation of TikTok's ownership as a priority while leveraging tariffs in discussions with Beijing.
Source: YAHOO
Reported 26 days ago
Finance TikToker Austin Hankwitz discusses the potential dangers of brand deals for creators, suggesting they can lead to financial instability and compromise authenticity. He emphasizes the importance of developing a diverse income stream and a positive mindset, encouraging influencers to avoid relying solely on uncertain brand partnerships. Hankwitz shares his journey of building trust and financial success through transparency while offering tips for those starting their financial journey.
Source: YAHOO
Reported 26 days ago
Hyundai has officially opened its new $7.6 billion electric vehicle factory in Georgia, with plans to increase production capacity from 300,000 to 500,000 vehicles annually. This announcement coincided with President Trump's declaration of a 25% tariff on auto imports, which will not affect Hyundai's U.S.-made vehicles. Hyundai aims to create 8,500 jobs at the site, which began EV production less than six months ago, and is part of a larger $21 billion investment strategy in the U.S. over the next three years.
Source: YAHOO
Reported 26 days ago
President Trump has announced a 25% tariff on all foreign-made vehicles, set to take effect on April 2, marking a significant shift in U.S. trade policy. He assures that trade partners will be 'pleasantly surprised' by the fairness of reciprocal duties, which may be lower than previous tariffs they imposed on the U.S. The decision comes amidst escalating trade tensions, including retaliatory tariffs from the EU, Canada, and responses from China and Venezuela, highlighting a more aggressive stance on U.S. imports.
Source: YAHOO
Reported 26 days ago
President Trump has announced a 25% tariff on all foreign-made vehicles and certain auto parts, set to take effect on April 2. The tariffs aim to bolster U.S. growth and are expected to generate $100 billion annually. While primarily targeting foreign automakers, domestic companies like GM, Ford, and Stellantis are concerned about potential increases in production costs due to impacts on the auto supply chain. Initial analyses suggest these tariffs could raise the prices of non-premium vehicles by $3,000 to $12,000.
Source: YAHOO
Reported 26 days ago
Traders importing copper to the US are racing against the clock as new reports suggest that tariffs may be implemented sooner than expected. With copper prices on both the Comex and London exchanges experiencing significant disparities, traders are eager to ship before potential levies could eliminate profits. However, the accelerated timeline poses risks of substantial financial losses if shipments arrive after tariffs are imposed, prompting a reevaluation of market predictions and potential impacts on manufacturing and demand.
Source: YAHOO
Reported 26 days ago
GameStop's stock fell over 8% in after-hours trading after the company announced plans to raise $1.3 billion to invest in Bitcoin through convertible senior notes. This announcement came a day after the stock rose nearly 12% when GameStop stated its board approved an investment policy update to include Bitcoin as a treasury reserve asset. Analysts remain skeptical about the effectiveness of this strategy, noting GameStop's changing business tactics over the years and the potential impact on its stock value.
Source: YAHOO
Reported 26 days ago
Bank of America has upgraded Playtika, a mobile gaming company, from 'Underperform' to 'Buy' and raised its price target from $6 to $6.50, citing its strong free cash flow yield and profitability. The firm believes Playtika's conservative outlook does not reflect its potential for growth in the mobile gaming sector, suggesting the company's long-standing franchises will drive future success.
Source: YAHOO
Reported 26 days ago
Cigna CEO David Cordani stated that the US is the only developed nation debating insurance coverage for GLP-1 weight-loss drugs. While about 50% of large employers provide coverage, concerns about side effects and long-term efficacy have led to rising costs and short-term use among patients. Cordani emphasized that current weight management benefits may not justify their costs, highlighting the need for careful consideration before expanding coverage.
Source: YAHOO
Reported 26 days ago
Nvidia's shares fell over 5% amid a broader tech sell-off, spurred by a report indicating that new Chinese environmental guidelines may affect the company's sales in China. The regulations favor data center chips meeting strict environmental standards, which exclude Nvidia's H20 chip. This decline reflects growing investor concerns about increasing trade tensions between the U.S. and China, especially regarding tariffs and semiconductor technology export controls.
Source: YAHOO
Reported 26 days ago
US stock markets saw significant declines on Wednesday, breaking a three-day winning streak, as President Trump prepared to introduce new tariffs on auto imports. The S&P 500 fell by over 1.1%, with the tech-heavy Nasdaq dropping more than 2%, driven by losses in major tech companies including Tesla and Nvidia. The prospect of tariffs has increased uncertainty among investors, reflecting concerns about economic conditions and corporate performance.
Source: YAHOO