Monday, April 28, 2025

Tag: economic

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.

S&P 500 Soars 2% as Tesla, Nvidia Lead Tech-Stock Surge

New York stocks surged for three days, led by tech giants like Tesla and Nvidia, despite warnings of a potential downturn.

Bessent Sets Agenda for U.S.–Japan Trade Talks: No Yen Target, Just Tariff Strategy

U.S. Treasury Secretary Bessent outlines trade talks with Japan, focusing on tariffs and trade deficit, avoiding currency targets.

Brent Settles at $64.88 as OPEC Sees Slower Global Growth

Oil prices rose slightly as OPEC lowered its global demand growth forecast, reflecting concerns over economic uncertainty and trade disputes.

Trump’s Tariffs Could Wreck the Economy—Here’s Why Larry Fink Thinks So

Trump's tariff policies may push the U.S. economy into recession, warns BlackRock's CEO Larry Fink, citing ongoing market uncertainty.

Japan Plans $335 Cash Payout for Everyone to Fight Inflation and U.S. Tariffs

Japan plans to distribute cash to all citizens to combat inflation and U.S. tariffs, with proposals for 50,000 JPY per person.

Ackman Warns of ‘Economic Nuclear War’ as Fund Falls 15%

Bill Ackman criticizes Trump's tariffs, warning of economic fallout and a 15% drop in his fund due to the trade war's impact.

Brent Drops 14% Over 3 Days on Recession Concerns

Oil prices fell as Trump warned of new tariffs on China, raising recession fears and impacting global demand for crude oil.

Markets Tumble Worldwide as Tariff Escalation Fuels Recession Fears

Global markets plummet as China's new tariffs on the U.S. spark recession fears, leading to significant losses across major indices.

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.

$2.5 Trillion Wipeout: Big Tech Sink After Trump Tariff Bomb

The New York stock market faced a major downturn, with panic selling triggered by tariff fears, leading to significant losses across major indices.

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.