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Global Markets Plunge as Trump Imposes Sweeping Tariffs on Canada, Mexico, and China

Feb 03, 2025 06:13 am UTC| Economy

Global markets tumbled Monday after U.S. President Donald Trump imposed new tariffs on Canada, Mexico, and China, escalating trade tensions and fueling fears of inflation and slower economic growth. U.S. stock futures...

From Dollars to Dilemmas: The Economic Fallout of Tariffs

Feb 03, 2025 03:37 am UTC| Economy Insights & Views

Overview of Tariffs In February 2025, President Trump imposed tariffs on imported goods from Canada, Mexico, and China. He imposed 25% on goods from Canada and Mexico and 10% on China. According to him, these tariffs...

Canada Retaliates with Tariffs on U.S. Imports Amid Trade War

Feb 02, 2025 08:27 am UTC| Economy Politics

Canada is hitting back against President Donald Trumps new tariffs with 25% levies on U.S. goods, Prime Minister Justin Trudeau announced. The tariffs, covering C$155 billion ($107 billion) in imports, will take effect in...

Wall Street on Edge as Trump’s Tariffs Spark Fears of Inflation and Market Volatility

Feb 02, 2025 08:26 am UTC| Economy

Investors are bracing for economic turbulence after President Donald Trump signed an executive order imposing tariffs on key trading partners. The order includes a 25% tariff on imports from Mexico and Canada and 10% on...

Trump’s Tariffs on Canadian and Mexican Oil to Drive Up U.S. Gas Prices

Feb 02, 2025 08:26 am UTC| Economy Business

U.S. consumers can expect higher fuel prices following President Donald Trumps decision to impose tariffs on Canadian and Mexican oil. Analysts warn that the move, aimed at pressuring U.S. neighbors to curb illegal...

Mexico Retaliates with Tariffs After U.S. Trade War Escalation

Feb 02, 2025 08:24 am UTC| Politics Economy

Mexican President Claudia Sheinbaum announced retaliatory tariffs after the U.S. imposed a 25% tariff on all Mexican imports, escalating tensions between the two nations. Sheinbaum emphasized Mexicos preference for...

Global Backlash Erupts Over Trump’s Tariffs on Mexico, Canada, and China

Feb 02, 2025 02:32 am UTC| Politics Economy

U.S. President Donald Trump announced a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods starting Tuesday, citing a national emergency over fentanyl and illegal immigration. The move triggered...

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Economy

US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns

The United States has initiated a new trade investigation into Vietnams handling of intellectual property (IP) rights, a move that could eventually lead to additional tariffs on Vietnamese imports. The investigation,...

US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook

The U.S. dollar weakened slightly on Friday as investor confidence improved following comments from President Donald Trump regarding a possible peace agreement between the United States and Iran. The prospect of easing...

Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar

Asian currencies traded in a narrow range on Friday while the U.S. dollar remained largely unchanged, as investors assessed reports suggesting the United States and Iran are close to extending their ceasefire agreement....

Asian Stocks Rally as AI Boom and Iran Ceasefire Progress Lift Market Sentiment

Asian stock markets posted strong gains on Friday, supported by a global technology rally and growing optimism surrounding a potential extension of the ceasefire between the United States and Iran. Investor confidence...

Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path

Tokyo consumer inflation slowed in May, reinforcing expectations that the Bank of Japan (BOJ) will continue taking a measured approach to monetary policy tightening as inflationary pressures remain moderate. According to...

Politics

US Southern Command Chief Holds Rare Military Meeting With Cuban Officials at Guantanamo Bay

A rare high-level military meeting between the United States and Cuba took place at the perimeter of the U.S. Naval Station at Guantanamo Bay, marking a significant development in U.S.-Cuba relations amid growing...

Trump Nears Decision on Iran Ceasefire Extension as Key Disputes Remain

U.S. President Donald Trump said Friday that he is close to making a final decision on a proposed agreement to extend the current ceasefire with Iran, although major disagreements between Washington and Tehran continue to...

Trump Signs Executive Order to Expand Access to Federal Lands in the U.S.

U.S. President Donald Trump signed an executive order on Friday aimed at removing restrictions that limit access to federal lands across the United States, according to a statement from the White House. The move is part of...

Netanyahu Gaza Expansion Plan Sparks Hamas Condemnation and International Concern

Israeli Prime Minister Benjamin Netanyahus announcement that Israel plans to expand its area of control in Gaza has drawn strong criticism from Hamas, European governments, and residents of the Palestinian territory. The...

Russia Prepares New Large-Scale Attack on Ukraine, Zelenskiy Warns

Ukrainian President Volodymyr Zelenskiy has warned that Russia is preparing a major new attack on Ukraine, citing intelligence reports that indicate plans for a large-scale military strike. The announcement comes as...

Science

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

Technology

Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements

A Kentucky school district has secured nearly $27 million in settlements from major social media companies over allegations that their platforms contributed to a growing student mental health crisis. The financial details,...

MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook

MongoDB (NASDAQ: MDB) delivered stronger-than-expected first-quarter fiscal 2027 results, fueled by growing demand for its database platform among enterprises and organizations developing artificial intelligence...

SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target

Elon Musks SpaceX is reportedly moving forward with plans for a historic initial public offering (IPO), targeting a valuation of at least $1.8 trillion. According to a Bloomberg News report citing sources familiar with the...

Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion

Autodesk (NASDAQ: ADSK) reported stronger-than-expected financial results for its fiscal first quarter and announced a major $3.6 billion acquisition of MaintainX, a move that strengthens its position in AI-powered...

US Quantum Stocks Surge After $2 Billion Government Investment

The U.S. Department of Commerce has sparked major excitement across the technology and financial sectors after announcing plans to invest $2 billion into quantum computing and advanced hardware companies through the CHIPS...