Reported 11 days ago
As President Trump's country-specific tariffs set to go into effect, experts predict a significant drop in container demand. U.S. import and export bookings have already seen drastic declines, with a 67% drop in imports and a 40% decrease in exports. Industry analysts expect a subdued peak season and the potential for a recession if these trends continue, leading to increased volatility in shipping rates and cancellations of trans-Pacific sailings.
Source: YAHOO
Reported 11 days ago
Gold prices ended flat after initially gaining as uncertainty rose over President Trump's announcement to impose 104% tariffs on various Chinese goods. The White House emphasized the tariffs as negotiations between the US and China remain complex. Despite the volatility, gold has risen over 13% this year, driven by concerns of economic disruption and potential stagflation in the US.
Source: YAHOO
Reported 11 days ago
Source: WSJ
Reported 11 days ago
Jim Bianco, President of Bianco Research, discusses on 'Bloomberg The Close' that financial market volatility will continue until a trade deal is reached.
Source: YAHOO
Reported 11 days ago
Source: WSJ
Reported 11 days ago
The 'Magnificent Seven' tech stocks, including Tesla and Apple, face significant losses of over $2 trillion due to new tariffs announced by President Trump. After a brief recovery, these stocks dropped sharply, contributing to a combined market cap reduction of $315 billion as looming reciprocal tariffs on imports, particularly from China, take effect. Apple, hit hardest with nearly $773 billion lost, exemplifies the heavy toll on companies heavily reliant on global supply chains.
Source: YAHOO
Reported 11 days ago
XRP's value fell by 5.4% as concerns over new tariffs from the Trump administration overshadowed earlier gains from potential trade agreements between the U.S. and Japan. This decline reflects a broader trend in cryptocurrencies as investors react to escalating macroeconomic risks, marking an approximate 8% decrease for XRP in 2025 and a significant 43% drop from its all-time high.
Source: YAHOO
Reported 11 days ago
Source: WSJ
Reported 11 days ago
Today, CVS shares rose as the company appointed a new CFO and projected positive outlooks, while Boeing's stock increased following a 41% year-over-year jump in jet deliveries for March. Conversely, Wayfair's stock fell after Bank of America lowered its price target due to anticipated tariff impacts on pricing, leading analysts to warn of potential volume risks in the home furnishing sector.
Source: YAHOO
Reported 11 days ago
U.S. President Donald Trump stated that the United States is earning $2 billion each day from tariffs, although he did not provide specific details. His administration has implemented various tariffs since he took office, and current Treasury Department data shows average daily customs deposits around $200 million. The official monthly budget report will soon provide updated figures.
Source: YAHOO
Reported 11 days ago
Source: YAHOO
Reported 11 days ago
Constellation Brands, the maker of Corona beer, has announced the cancellation of its diversity, equity, and inclusion (DEI) programs amidst a growing trend among corporations to reduce such initiatives following legislative pressures. CEO Bill Newlands stated that the company is shifting focus to a more inclusive culture, aiming to support local small businesses instead of diverse suppliers. This move reflects a significant change in the company's approach to social issues in response to a polarized environment and legal uncertainties.
Source: YAHOO
Reported 11 days ago
On April 8, 2025, U.S. stock markets faced considerable losses, with the S&P 500 falling 1.6% after initially gaining 4.1%, pushing it nearly 19% below its February record. The Dow Jones Industrial Average dropped 320 points, and the Nasdaq composite declined by 2.1%. This downward trend is attributed to ongoing uncertainties regarding President Trump's trade policies, including impending tariffs on Chinese imports.
Source: YAHOO
Reported 11 days ago
UK Finance Minister Rachel Reeves will meet with executives from major companies like Hargreaves Lansdown and Lloyds Banking Group to address ongoing financial market volatility. This meeting follows her upcoming discussion with U.S. Treasury Secretary Scott Bessent aimed at negotiating a new economic partnership to potentially lower tariffs imposed by the U.S. on British imports.
Source: YAHOO
Reported 11 days ago
Source: YAHOO
Reported 11 days ago
The S&P 500 index experienced a 1.6% decline as volatility continues, driven by the uncertainty surrounding Trump's trade war policies.
Source: YAHOO
Reported 11 days ago
General Motors has announced that it will end the production of the Cadillac XT6, a gasoline-powered three-row SUV, by the end of 2025. This decision aligns with Cadillac's shift towards an all-electric vehicle lineup, following the discontinuation of the XT4 earlier this year. The XT6 is manufactured in Tennessee, where GM will continue to produce the smaller XT5 SUV until 2026, while also producing electric models like the Lyriq and Vistiq.
Source: YAHOO
Reported 11 days ago
A recent stock market rally faced challenges as investor confidence dipped ahead of impending tariffs set to take effect, following significant sell-offs last week. The S&P 500 and Nasdaq experienced volatility, with major declines contrasting initial gains, fueled by rumors of a potential tariff pause. Analysts are divided, with some suggesting potential recovery signals, while others urge caution given the ongoing uncertainties surrounding tariff negotiations and their economic implications.
Source: YAHOO
Reported 11 days ago
According to a report by AFS Logistics and TD Cowen, less-than-truckload (LTL) rates are projected to continue increasing year-over-year into the second quarter of 2025, while truckload (TL) rates are expected to remain depressed. LTL rates saw a significant rise of over 60% compared to 2018, driven by strategic positioning in a low-demand environment. Despite this, TL rates are forecasted to be only slightly above their baseline, marking a prolonged low period. Both segments are impacted by ongoing uncertainties in demand and rising costs, particularly due to recent fuel price increases.
Source: YAHOO
Reported 11 days ago
The U.S. Treasury's Office of the Comptroller of the Currency (OCC) has confirmed that emails of its executives were hacked, exposing sensitive information about federally regulated financial institutions. The breach was attributed to long-standing vulnerabilities, and the OCC is now evaluating its IT security policies to prevent future incidents. Although it initially stated there was no immediate impact on the financial sector, the agency acknowledges accountability for the security lapses that led to the breach.
Source: YAHOO
Reported 11 days ago
TSMC may incur fines exceeding $1 billion following a U.S. investigation into potential violations of export controls due to its work with Chinese firm Sophgo. A chip found in a Huawei AI processor was traced back to chips TSMC supplied to Sophgo, raising concerns as Huawei is prohibited from receiving U.S. technology. TSMC has since ceased shipments to Sophgo, which denies any ties to Huawei.
Source: YAHOO
Reported 11 days ago
The benchmark diesel price has risen for the third consecutive week, increasing by 4.7 cents to $3.639 per gallon, despite a significant decline in futures prices for crude oil and gasoline. This rise is attributed to previous gains in ultra-low sulfur diesel (ULSD) prices, which experienced a substantial drop recently. The situation is compounded by OPEC+'s decision to proceed with planned production increases, maintaining market volatility.
Source: YAHOO