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!!! […]
Indian stocks and the rupee dropped on Wednesday after the country’s central bank slashed interest rates for the second time this year. The blue-chip Nifty 50 index dropped by 0.65% to ₹22,400, while the BSE Sensex retreated to ₹74,000. The USD/INR exchange rate has surged in the past four straight days, moving from a low […]
In a coordinated effort to shore up investor confidence, top Chinese brokerages have pledged to help stabilize domestic share prices, the Shanghai bourse announced. This pledge comes as scores of listed companies unveiled plans to buy back their own stock, a response to the escalating trade war that has sent shockwaves through the local market. […]
Apple shares staged a rebound on Tuesday, after days of relentless selling that saw the tech giant’s market value tumble by $638 billion as investors appeared to take solace in hints of potential trade negotiations that could ease the tension. The stock rose by 4.5% in early trading; however, later in the day, it gave […]
Europe will likely only be able to produce a small portion of the rare earths it requires for electric vehicles and wind turbines, primarily due to inexpensive competition from China, the leading producer, Reuters reported on Tuesday. In recent years, Europe and the US have been making concerted efforts to bolster their domestic capabilities in […]
Tesla CEO Elon Musk has reignited tensions with the Trump administration, publicly mocking senior trade adviser Peter Navarro amid a fierce debate over US trade tariffs. Musk slammed Navarro as “truly a moron” and “dumber than a sack of bricks” after the adviser criticized Tesla’s manufacturing practices during a television interview. The clash erupted after […]