As the yen weakened and bond yields soared, Japanese Prime Minister Sanae Takaichi again issued a warning to the financial markets, saying that the government was ready to take action. “As prime minister, I should not comment on matters that should be determined by the market, but we will take all necessary measures to deal […]
US President Donald Trump threatened to raise tariffs on South Korean imports to 25 percent, citing the South Korean legislature’s failure to formally enshrine the trade deal reached by the two countries last year into law. Trump said in a social media post on Monday that the new rate would apply to automobiles, lumber, pharmaceuticals […]
President Donald Trump said that the person he picked for the chair of the Federal Reserve could boost economic growth by 15%, which is an extremely optimistic goal and also highlights the pressure that Kevin Warsh would face if he were confirmed for the position. Trump told Fox Business in an interview that Warsh was […]
Elon Musk has merged SpaceX and xAI, and the combined company is valued at $1.25 trillion. The world’s richest man hopes this will advance his increasingly ambitious plans in the fields of artificial intelligence and space exploration. SpaceX released a statement on its website announcing the acquisition of xAI, which was signed by Musk. According […]
The European Central Bank kept interest rates unchanged. President Christine Lagarde played down the recent rally in the euro and again described inflation as being in a “good state”. On Thursday, the deposit rate was kept at 2% – in line with the predictions of all economists surveyed by Bloomberg. The ECB described the UK […]
Since ChatGPT burst onto the scene three years ago, there have been numerous sell-offs triggered by artificial intelligence. However, none can be compared to the current plunge that has swept through the stock and credit markets this week. First of all, the speed and scale of the event are astonishing. Within just two days, the […]
Morgan Stanley said that the Federal Reserve led by Kevin Warsh might intensify the volatility in the US Treasury market by reducing communication with the public. Warsh served as a Federal Reserve governor from 2006 to 2011. In May, he was nominated by President Donald Trump to succeed Jerome Powell as the chair of the […]
Based on past experiences of leadership transitions, Kevin Warsh, the chairperson of the Federal Reserve, is expected to take office in May. This change of leadership may bring new volatility to the US stock market. According to data compiled by Alexander Altmann, global head of equity tactical strategy at Barclays, since 1930, the S&P 500 […]
The European Union and India are set to announce on Tuesday the conclusion of a long-awaited trade deal to strengthen economic ties and counter US President Donald Trump’s tariffs. European Commission President Ursula von der Leyen and European Council President Charles Michel witnessed the moment together in New Delhi, marking the end of nearly two […]
The South Korean minister of Trade, Industry and Energy met with the US Commerce Secretary in Washington, but failed to make progress in defusing new trade frictions. The two sides agreed to resume talks on Friday, with Seoul hoping to prevent US President Donald Trump’s recent threat to raise tariffs. According to Yonhap News Agency, […]