Saturday, April 5, 2025

Economy

White House Clarifies: South Korea’s Reciprocal Tariff Set at 25%, Not 26%

The U.S. confirmed a 25% tariff on South Korean imports, correcting an earlier discrepancy of 26% after diplomatic clarification.

Brent Hits $74.95, WTI Rises to $71.71 as Stock Market Gains Ground

International oil prices rose modestly after a rally in the New York stock market, boosted by tariff announcement optimism.

Trump Media Slides 7.4% and Tesla Gains $14.30 in Market Shake-Up

U.S. stock market rises as tariffs uncertainty eases; Tesla shares surge on Musk speculation despite delivery drop.

Tesla and Nvidia Lift Nasdaq as Dow Takes a Hit

Wall Street saw mixed results, with the Dow slipping slightly while Tesla and CoreWeave stocks surged amid market uncertainty.

Tariff Rush: U.S. Auto Sales Surge as Buyers Race to Beat Price Hikes

U.S. auto sales surged in March as consumers rushed to buy cars before a 25% tariff took effect, leading to price concerns.

Oil Markets Slip as Traders Brace for Trump’s Tariff Decision

Global oil markets declined as traders awaited Trump's tariff announcement, impacting crude prices amid cautious trading.

Record-Breaking Gold Prices as U.S. Tariff Fears Fuel Safe-Haven Rush

Gold prices soared to a record high amid looming tariffs by the Trump, signaling investor uncertainty and demand for safe assets.

WTI Jumps 3% as Trump Targets Russian Oil Buyers With Tariff Plan

Global oil prices surged as President Trump pressured Russia over Ukraine, threatening tariffs on Russian oil imports.