Tuesday, April 1, 2025

Tag: economic

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.

South Korea Rises to 21st in Global Income by 2075—Japan Slips to 45th

South Korea is projected to rank 21st globally in income by 2075, while Japan's ranking will drop significantly to 45th.

Why Falling Transport Stocks Could Mean a Slowing U.S. Economy

U.S. transportation stocks' decline signals economic concerns, impacting market outlook despite slight recovery in other indices.

Fed Signals Rate Cuts, Markets Respond with a Sharp Rally

U.S. markets rebounded sharply after the Fed signaled rate cuts, with tech stocks rising despite previous losses.

Hollywood vs. AI: Celebrities Demand Copyright Protection in Letter to Trump

Over 400 Hollywood professionals urge the Trump administration to uphold copyright laws amid AI concerns threatening creative industries.

Gold Prices Hit Record Highs, Eyeing $3,000 Mark Amid Trade Tensions

Gold prices are nearing $3,000 per ounce due to trade tensions and economic uncertainty, with a bullish outlook expected to continue.

Brent Crude Dips Below $70: IEA’s Outlook for Oil Demand Pushes Prices Lower

Global oil prices fell due to IEA's concerns over weakening demand amid economic slowdown and revised growth forecasts.

Ontario Premier Halts 25% Electricity Tax After Trump Threatens Tariff Hike

Ontario's Doug Ford halts a 25% electricity tax after trade talks with U.S. Secretary Ross amid tariff tensions.

Goldman Sachs Revises U.S. GDP Forecast Down to 1.7% as Tariff Effects Take Hold

Goldman Sachs lowers U.S. GDP growth forecast to 1.7% due to Trump's tariffs, predicting higher inflation and reduced consumer spending.

Steel and Aluminum Tariffs: Trump Administration’s First Strike on South Korean Imports

The Trump administration imposes a 25% tariff on South Korean steel and aluminum, impacting U.S. exports and trade relations.

Canada’s New PM: Mark Carney Elected as Leader of the Liberal Party

Mark Carney, former Bank of Canada Governor, wins Liberal Party leadership and is set to become Canada's new Prime Minister amid US tensions.