Tuesday, April 1, 2025

Tag: Economy

Wall Street Slammed by Stagflation Fears—Nasdaq Tanks 2.7%

US stocks plummeted amid stagflation fears, with consumer confidence hitting a three-year low and tech shares suffering significant losses.

Trump Hints at Car and Pharma Tariffs — But Keeps April 2 Plans Vague

Trump indicates tariffs on cars and pharmaceuticals are imminent but may be delayed; April 2 remains a key date for trade announcements.

Brent Tops $70 as Middle East Instability Fuels Price Surge

Oil prices rebounded as tensions in the Middle East escalated despite U.S. economic concerns. Brent crude rose to $70.78 per barrel.

Reciprocal Tariffs Are Coming — But No One Knows How They’ll Work

Trump's reciprocal tariffs set for April 2 face complications, with inconsistent approaches and challenges in quantifying rates.

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.

Blackstone and Goldman Sachs CEOs Throw Support Behind Trump’s Trade Wars

CEOs of Blackstone and Goldman Sachs support Trump's tariffs, claiming they will boost U.S. manufacturing despite recession fears.

Brent Crude Edges Up After Days of Falling Prices, But Worries Linger

Global oil prices rebounded after a decline, with Brent crude at $69.56 and WTI at $66.25, amid trade war concerns.

Bank of Japan’s Ueda: Uncertainties Loom Large in Global Economy, Impacting Japan

BOJ Governor highlights global economic uncertainties, particularly due to U.S. tariffs, impacting Japan's monetary policy decisions.

Kiyosaki: U.S. Economy Is Doomed, but Bitcoin and Silver Are the Future

Robert Kiyosaki advises investing in gold, silver, and Bitcoin as U.S. debt rises, predicting silver could reach $70 per ounce soon.

Fed’s Waller Downplays Inflation Risks from Trump Tariffs, Dismisses Rate Cut Concerns

Waller downplays tariff inflation risks, suggesting limited impact on Fed policy as rates remain stable amid economic growth.

Trump Unveils $20 Billion Data Center Plan Backed by UAE Billionaire Sajwani

Sajwani plans to invest $20 billion in U.S. data centers, sparked by Trump's election victory, with construction starting in several states.

Economists Warn Inflation Will Persist in 2025, Blaming High Tariffs and Service Sector Costs

Inflation concerns persist as the Trump administration may raise tariffs, impacting U.S. prices and economic stability in 2024.