Friday, May 9, 2025

Tag: economic

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.

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.