President Donald Trump’s ambitious tax and spending bill, a cornerstone of his administration’s economic agenda, is facing a wave of skepticism and concern from prominent economists and even former allies like Elon Musk. As the legislation, which narrowly passed the House in May, heads to the Senate, its potential to…
Asian stock markets were set for a downbeat start on Friday, with futures indicating declines across key regional bourses, largely mirroring a weak session on Wall Street. Investor caution is prevalent as global markets await crucial US jobs data, which is expected to provide significant insights into the Federal Reserve’s…
European stock markets exhibited a muted and cautious start to Friday’s trading session, with the pan-European Stoxx 600 index hovering near flat territory. Investors appeared reluctant to place significant bets ahead of the release of crucial US jobs data, while persistent trade tensions and a high-profile spat between US President…
The public unravelling of the alliance between Donald Trump and Elon Musk — once seen as one of the most powerful relationships in American business and politics — has rapidly turned into a high-stakes standoff with far-reaching consequences.In a dramatic turn Thursday, Trump threatened to cancel federal contracts with Musk’s…
Could the very public clash between US President Donald Trump and Tesla CEO Elon Musk already be heading toward a truce?On Thursday, Musk indicated he was ready to cool tensions with Trump, following a volatile day in which he called for the president’s impeachment and implied Trump was hiding files…
China’s export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite. Persistent uncertainties stemming from the still-unresolved trade war with the United States and broader concerns about Sino-US relations are believed to have weighed on shipment volumes,…
US aluminium tariffs threaten to trigger a critical shortage of aluminium scrap in Europe, jeopardising secondary production.European Aluminium had also cautioned that increased US tariffs on aluminum might trigger a scarcity of aluminum scrap in Europe, a crucial element for secondary production. This potential shortfall arises because scrap, being less affected…
Russia’s central bank lowered interest rates for the first time in nearly three years on Friday, as inflation shows signs of easing and the country’s wartime economy struggles under the burden of high borrowing costs.The Bank of Russia cut its benchmark interest rate by a full percentage point to 20%,…
The Nifty 50 Index surged on Friday after the Reserve Bank of India (RBI) delivered a bigger interest rate cut than expected and tweaked a cash requirement for banks in a bid to stimulate the economy. The blue-chip index, which tracks the biggest Indian companies, rose to ₹24,940, up by…
Circle Internet stock price surged on its first trading day as a publicly traded company. CIRCL shares jumped to a high of $83, transforming it into a $18 billion company and one of the best initial public offerings (IPO) this year. This article explores whether Circle stock is a good…