European markets posted sharp gains on Thursday after US President Donald Trump unexpectedly postponed a new round of tariffs on dozens of countries, including the European Union. The decision sent relief rippling through financial markets, with the FTSE 100 surging by more than 4% to mark its biggest daily gain in months. However, the buoyant […]
Barry Callebaut, a Swiss chocolate maker, lowered its annual sales volume forecast on Thursday due to “unprecedented volatility” in cocoa bean prices. This development led to a significant drop in the company’s shares, which were down almost 20%, on track for their largest-ever one-day decline, Reuters reported on Thursday. The world’s largest chocolatier, a major […]
Apple has airlifted around 600 tonnes, or about 1.5 million iPhones, from India to the United States, chartering cargo flights in a race to beat newly imposed tariffs under President Donald Trump’s latest trade measures, Reuters reported, citing people familiar with the matter. The extraordinary logistical effort highlights the lengths to which the tech giant […]
US equities fell sharply on Thursday, reversing part of the prior session’s explosive rally, as investors weighed President Donald Trump’s partial tariff pause against lingering concerns over China and the broader economic outlook. The Dow Jones Industrial Average dropped 629 points, or 1.6%, while the S&P 500 fell 2.1%. The Nasdaq Composite tumbled 2.9%, with […]
Tesla shares fell sharply in early trading Thursday, retreating over 6% to around $254, following a historic surge in the previous session. The decline came as broader markets also opened lower, with the S&P 500 down 2.2% and the Dow Jones Industrial Average falling 1.9%. Wednesday’s session marked Tesla’s second-best day on record, with the […]
Inflation in the United States cooled more than expected in March, while weekly jobless claims ticked higher, signaling a potential softening in the economy just as tariff tensions escalate. The Bureau of Labor Statistics (BLS) reported Thursday that the consumer price index (CPI) slipped by a seasonally adjusted 0.1% last month, pulling the 12-month inflation […]
Donald Trump is under fire for possible market manipulation after a social media post urging investors to buy stocks preceded a sudden reversal on trade tariffs, which sent markets soaring worldwide. On Wednesday morning, just after US markets opened, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!! […]
NEWYou can now listen to Fox News articles! Big media and big finance insisted the financial sky was falling this week, but with President Donald Trump, you never know exactly where you are in any deal-making process. Weighing in too soon can make you look stupid. On Wednesday, the deal-maker in chief announced a 90-day […]
JERUSALEM — A leading U.S. research institute devoted to monitoring Iran’s illicit nuclear weapons program published an alarming report ahead of this weekend’s U.S.-Iran talks, declaring Tehran’s atomic weapons system has reached an extremely dangerous stage. The Washington, D.C.-based Institute for Science and International Security titled its shocking new report, ‘The Iran Threat Geiger Counter: […]
House Republican who derailed a critical budget vote will meet Thursday morning to plot their next moves, as they try to extract deeper spending cuts in the framework for President Donald Trump’s “big, beautiful bill.” The clock is ticking as Speaker Mike Johnson plans to bring the House back to the floor within the hour […]