by Lucas Shum | Feb 10, 2025 | Domestic, Economics, Politics, Stock Market
In the latest twist of President Donald Trump’s trade policy, the announcement that he intends to impose a 25% tariff on steel and aluminum imports has led to a surge in U.S. steelmaker stocks. The move, which is intended to protect U.S. manufacturing industries,...
by | Feb 3, 2025 | Domestic, Economics, Investing News, Market News, Stock Market
US markets took a significant hit on Monday following the announcement of new tariffs by the Trump administration, expected to take effect on Tuesday. The tech-heavy Nasdaq Composite (^IXIC) plummeted over 2%, marking a sharp downturn, while the broader S&P 500...
by Jessica Gwathney | Dec 3, 2024 | Economics, International Buzz, Politics
South Korea’s won tumbled to its weakest level in over two years, hitting 1,427.10 against the U.S. dollar, after President Yoon Suk Yeol’s shocking announcement of martial law on Tuesday. The sudden drop in the currency comes amid growing uncertainty over...
by Sun Yulin | Nov 7, 2024 | Domestic, Economics, Politics
U.S. President Donald Trump’s ambitious tariff proposal—calling for a universal 10% tariff on imports and a hefty 60% tariff on Chinese goods—may not be as severe as initially thought, according to a recent note from ratings agency S&P Global. The report...
by Disun Holloway | Oct 8, 2024 | Breaking News, Domestic, Economics
As Hurricane Milton approaches the southeastern United States, leading Wall Street analysts are bracing for a significant economic blow that could exceed $50 billion in damages, with worst-case scenarios estimating losses of up to $175 billion or more. This staggering...
