Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and possibly some consumer boredom with an event marking its 11th year. For the first time, Seattle-based Amazon is holding the now-misnamed Prime Day over four days. The e-commerce…
Copper prices in the US have shot up more than 10%, breaking past $12,330 per metric ton, an all-time high following President Donald Trump’s announcement of a steep 50% tariff on copper imports. The announcement came during a White House cabinet meeting, though no timeline was given for when the…
Investors keep waiting for a strong altcoin rally ever since Bitcoin printed a new all-time high of about $111,000 and the US Senate passed the much-anticipated “GENIUS Act”.According to experts, the key legislation could significantly boost adoption and bring stablecoins more into the mainstream finance. Still, altcoins haven’t done much…
The European Union is intensifying efforts to finalize a trade agreement with the United States before August 1, when sweeping tariffs on EU exports are set to take effect. According to EU estimates, the new duties would impact €380 billion ($445 billion) of goods, approximately 70% of the bloc’s exports…
Shares of Moderna surged 9.5% on Tuesday to $32.75 in a notable reversal of recent bearish sentiment, buoyed by legal developments and renewed investor focus on the company’s potential vaccine pipeline. The uptick follows a turbulent period for the pharmaceutical firm, which has seen its stock tumble more than 80%…
SovEcon, a prominent agricultural consultancy, has significantly increased its projection for Russian wheat exports for the 2025-26 marketing season. The revised forecast now stands at an impressive 42.9 million metric tons (mmt), representing a substantial upward adjustment of 2.1 mmt from previous estimates. This revised figure highlights Russia’s growing dominance in…
Around 2,300 individuals succumbed to heat-related illnesses across 12 European cities during the intense heatwave that concluded last week, according to a study conducted by scientists at Imperial College London and the London School of Hygiene and Tropical Medicine.Large parts of Western Europe experienced extreme heat, with temperatures exceeding 40…
China’s ongoing policy efforts to curb excess industrial capacity could serve as a significant positive catalyst for both its equity markets and global trade, provided the measures are executed effectively, according to a new analysis from JPMorgan Chase & Co. The bank’s strategists believe these policies could pave the way…
European stock markets started Wednesday’s session with modest gains, as investors carefully navigated a complex and often contradictory global trade landscape. While fresh tariff threats from US President Donald Trump have kept markets on edge, the absence of new duties on the European Union is fueling hopes that a transatlantic…
Starbucks is exploring a potential partial sale of its China operations, with offers from global and Asia-based private equity firms valuing the business at up to $10 billion, CNBC reported Wednesday, citing people familiar with the matter. The move comes as the US coffee giant struggles to retain its footing…