Thursday, May 29, 2025

Tag: economic

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

Cryptocurrency Soars Past $111K, Driven by Policy Tailwinds and Institutional Demand

Bitcoin hits a new all-time high of over $111,000, driven by regulatory optimism and institutional interest amid market divergence.

Shockwaves in Finance: U.S. Credit Rating Slips from Aaa to Aa1

South Korea's finance ministry reviews market impact after U.S. credit downgrade, noting potential volatility amid ongoing uncertainties.

Powell Just Compared Today’s Risks to the 1970s Oil Crisis

Jerome Powell warns of prolonged high-interest rates, linking them to Trump's tariffs and potential supply shocks impacting the economy.

Oil Prices Tumble as Trump Teases Breakthrough Deal with Iran

International oil prices fell as Trump pushes for a nuclear deal with Iran, which could ease sanctions and stabilize the market.

WTI Oil Dips After Fed’s Unexpected Silence on Rate Cuts

Oil prices fell after the Fed's steady interest rate decision, with Brent crude at $61.12 and WTI at $58.07 per barrel.

Businesses Race to Import Ahead of Trump’s Tariffs, Breaking Trade Records

U.S. trade deficit hits a record high in March as imports surge before tariffs; growth expected to decline amid trade tensions.

Crude Prices Surge as Diamondback Warns of U.S. Production Decline

Oil prices surged after Diamondback Energy's CEO warned of U.S. production decline, amid rising OPEC+ output and demand concerns.

From Rally to Retreat: Oil Tumbles on China’s Cold Shoulder

Oil prices fell sharply as trade talks between China and the U.S. stalled, with Brent crude dropping to $65.86 per barrel.

Golden State Ascendant: How California Became a Global Economic Powerhouse

California's economy has surpassed Japan's, reaching $4.1 trillion, with a growth rate of 6% amid concerns over tariff policies.

Dow, S&P 500, and Nasdaq Post Strong Weekly Gains Despite Ongoing Trade Risks

The NY stock market sees a four-day rally, led by Tesla and Nvidia, with substantial gains despite cautious investor sentiment.

U.S. Existing Home Sales Hit 16-Year Low as March Transactions Plunge 5.9%

U.S. home sales hit a 16-year low amid economic concerns, with potential declines in housing prices affecting consumer spending.