Tuesday, April 1, 2025

Economy

Gold Tops $3,100 for the First Time Ever as Inflation Fears Mount

Gold prices have exceeded $3,100 per ounce, driven by inflation concerns and a downturn in U.S. stock markets.

Oil Rally Ends as Stagflation Fears Shake Market Confidence

Fears of U.S. stagflation have lowered oil prices, ending Brent crude's week-long rally despite weekly gains.

Wall Street Slammed by Stagflation Fears—Nasdaq Tanks 2.7%

US stocks plummeted amid stagflation fears, with consumer confidence hitting a three-year low and tech shares suffering significant losses.

Auto Tariff Shock Hits Detroit Big 3—Tesla Hangs On by a Thread

U.S. markets fell due to Trump's auto tariffs, impacting automotive stocks. Tesla's gains narrowed, while Nvidia faced significant declines.

Oil Up Again: Brent and WTI Extend Gains on Supply Jitters

Global oil prices rise, with Brent crude up for seven days amid U.S. tariff concerns and Middle East tensions affecting supply.

Dow Dips, Nasdaq Plunges: Trump’s Auto Tariff Threat Shakes Wall Street

The NYSE fell sharply as investor sentiment shifted after Trump's auto tariff announcement, impacting tech stocks like Tesla and Nvidia.

Oil Prices Jump as U.S. Crude Stockpiles Shrink More Than Expected

U.S. oil reserves fell sharply, driving prices up amid concerns over supply disruptions and Trump's tariff policies.

EU to Clamp Down on Korean Steel, Quotas Drop Starting April 1

The EU will cut South Korea's tariff-free steel import quota by 14%, impacting the steel industry significantly from April 1.