Donald Trump's tariffs on Canada, Mexico and China could spark global trade war, experts say
United States President Donald Trump has confirmed his administration is set to enforce 25 per cent tariffs on goods from Mexico and Canada, stoking concerns of a North American trade war and sending local financial markets into a spin.
Mr Trump said during an address at the White House on Monday local time that there was “no room left”
Read MoreUS-China trade war looms as Beijing vows retaliation to Trump’s new tariffs taking effect today
China would reportedly hit back with a series of both tariffs and non-tariff measures in response to the additional 10 per cent duties imposed by Trump. American agricultural and food products were expected to be caught in the crossfire
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A trade war between US and China seems closer than ever before.
Why Tesla owners are pasting ‘Elon ate my cat’ stickers on their cars
A large number of Tesla customers were previously affluent, liberal, and environmentally conscious professionals.
They were drawn to Elon Musk’s claims that his electric vehicles could prevent the planet from being destroyed by fossil fuels.
But that’s not the case anymore.
The backlash against the company is growing.
» Read more about: Why Tesla owners are pasting ‘Elon ate my cat’ stickers on their cars »
Read MoreSwiggy, OLA to FirstCry — New-age tech stocks plummet below IPO prices amid market crash
Indian new-age tech stocks, known for their premium valuations, have become less appealing to investors as risk-off sentiment grows amid global uncertainty following Donald Trump’s tariff announcement, which could potentially trigger a new trade war.
The entire domestic market has been under severe stress in recent months,
Traders See Wild S&P 500 Swings After Trump Address to Congress
(Bloomberg) — US stocks have been on a wild ride this week, and options traders expect more of that to come as traders assess the latest tariff developments and brace for Friday’s monthly jobs report.
The S&P 500 Index is expected to swing 1.4% in either direction Wednesday following President Donald Trump’s address to Congress,
» Read more about: Traders See Wild S&P 500 Swings After Trump Address to Congress »
Read MoreThe Burst
How Far Will The Market Fall?
Zooming out is often quite helpful in providing insights as to where the market is likely to go. When we examine a chart of the S&P 500 now on a weekly basis, a clear uptrend from mid-2022 has formed.
So too has a strong resistance line been created at close to the 4,800 mark both at the end of 2021 and the end of 2023.
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Read MoreThe Ivy
Did Musk Just Reveal Why Nvidia Goes Higher?
Five years ago, Nvidia traded at $36 per share. It now hovers around $1,145 per share. At first glance, it’s hard to reconcile not only the price rise but the market capitalization. Nvidia trades at a valuation of $2.8 trillion. For comparison, Apple has a market cap of $2.9 trillion.
Apple generated $383 billion in revenues last year and reported net income of $96 billion.
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Read MoreThe Spotlight
Billionaire Bets Big On This Energy Stock
Billionaire Stanley Druckenmiller is renowned for his investing prowess, and he’s made some savvy calls over the years. So it was worth paying attention when his family office picked up just over a million shares of Cenovus Energy Inc. (NYSE:CVE).
Why would Druckenmiller might be interested in this Canadian oil producer and does it makes sense for investors to follow his lead?
» Read more about: Billionaire Bets Big On This Energy Stock »