Trump to raise EU auto tariffs to 25% as trade tensions resurface
US President Donald Trump said he will raise tariffs on cars and trucks imported from the European Union to 25%, escalating trade tensions as Washington accuses the bloc of failing…
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Category: Business
Evening digest: Trump displeased with Iran talks, jolts EU with auto tariffs
President Donald Trump expressed dissatisfaction with ongoing Iran negotiations, while also announcing plans to raise tariffs on EU auto imports to 25%. Oil prices eased amid renewed diplomatic signals, even…
Will Powell’s move limit White House influence over the Fed?
Federal Reserve Chair Jerome H. Powell has capped his eight-year tenure with one of the most contentious policy moments in decades, underscoring deep divisions within the central bank. Besides, his…
Thermos recalls 8.2 million bottles after stoppers eject, causing injury and reported vision loss
Thermos is recalling 8.2 million containers after consumers suffered laceration injuries — and in some cases reported permanent vision loss — when stoppers forcefully ejected from the products and struck…
The Onion’s bid to take over Alex Jones’ Infowars is in limbo as new court battles emerge
AUSTIN, Texas — The Onion’s plan to take over the Infowars platforms that Alex Jones built into a bullhorn of conspiracy theories and turn them into parody sites was in…
Big Tech earnings test record stock market rally as AI spending takes center stage
Market watchers looking for clarity about the direction of Big Tech and the AI investment boom didn’t get much Wednesday afternoon amid a barrage of key earning reports. Subscribe to…
Evening digest: US inflation jumps, Meta stock drops while Alphabet soars
US inflation accelerated sharply in March as rising oil prices linked to the Iran conflict pushed costs higher. Brent crude surged to near four-year highs before retreating amid escalating geopolitical…
Yen carry trade cracks are showing, and Wall Street isn’t ready
On Thursday, USD/JPY crashed over 500 pips in a matter of hours. Japan’s Ministry of Finance confirmed it had bought yen and sold dollars — its first such operation since…
UK house prices defy forecasts, climb amid economic concerns
British house prices unexpectedly increased in April, even as consumer confidence weakened amid rising geopolitical tensions, according to a report by Nationwide Building Society . House prices rose 0.4% month-on-month…