US President Donald Trump signed an order imposing a 25 percent tariff on imported cars, expanding the trade war aimed at bringing more manufacturing jobs to the United States and laying the groundwork for broader tariffs next week. Trump said at the White House on Wednesday: “We will impose a 25 percent tariff on all […]
DeepSeek recently released an update to its V3 model, promising enhanced programming capabilities, highlighting the Chinese AI startup’s intention to stay ahead of its competitors. V3-0324 Update – Released on Hugging Face this week, it claims to address real-world challenges while setting benchmarks for accuracy and efficiency. In January this year, DeepSeek surpassed ChatGPT to […]
Trump is preparing to issue a “liberation day” tariff announcement on April 2, unveiling so-called reciprocal tariffs that he believes are a retaliation for tariffs and other barriers imposed by other countries, including long-time US allies. According to informed officials, although this announcement will still represent a major expansion of US tariffs, its focus is […]
Canadian Prime Minister Mark Carney announced that an election would be held on April 28. Opinion polls show that the competition between his Liberal Party and the Conservative Party is very fierce due to the trade war that Canada is facing and the taunts of US President Donald Trump against its sovereignty. On Sunday, when […]
President Donald Trump said that he would soon sign a natural resources agreement with Ukraine, which would give the United States partial control over future resource extraction revenues. Trump said at an education event at the White House on Thursday: “One of the things we are doing is that we will soon sign an agreement […]
According to informed sources, Elon Musk’s social network Google X has raised nearly $1 billion in new equity from investors. This deal has valued the company at the same level as when Musk took it private in 2022. Some unnamed insiders said that Musk himself also participated in this equity financing. One of the insiders […]
Fed officials are likely to keep interest rates unchanged when they meet on Wednesday to buy time to assess how President Donald Trump’s policies are affecting an economy facing persistent inflationary pressures and growing growth concerns. The new tariffs imposed by the Trump administration, coupled with retaliatory actions from US trading partners, have dampened consumer […]
The Bank of England is expected to keep interest rates at 4.5% this Thursday. We expect seven officials to vote in favor of this decision, while two dissenters (Swati Dhingra and Catherine Mann) will vote for a rate cut. The Bank of England is not usually a source of drama. But its February meeting was […]
Consumer inflation slowed in February, which may give the Federal Reserve more leeway to keep the target interest rate unchanged when it announces a revised policy stance this week (Wednesday, March 19). However, against the backdrop of rapidly escalating tariffs, last month’s data is already in the past, so the uncertainty about how the Fed […]
The latest round of trade policy news triggered another volatile trading day on Wall Street. The S&P 500 index has fallen for three consecutive weeks, with the decline once reaching 10%, but then rebounded to narrow the loss. The index closed down 0.5%, after having dropped as much as 1.5% earlier. This suggests that the […]