Browsing: Business
Dow tumbles over 600 points as Trump confirms tariffs on Mexico and Canada, sparking fears of a trade war. Markets reel as investors brace for impact.
India’s economy expanded by 6.2% in Q3 FY25, driven by robust rural demand, higher government spending, and strong exports despite global trade uncertainties.
NVIDIA reports record Q4 revenue of $39.3B, up 78% YoY, fueled by AI demand. Full-year revenue surged 114% to $130.5B, led by Data Center growth and Blackwell AI supercomputers.
Apple is investing $500B in the US over four years, expanding AI, silicon engineering, and manufacturing, including a new factory in Texas and 20,000 new jobs nationwide.
The EU posted a €27.2 billion trade surplus in Q4 2024, its sixth in a row, led by strong exports in chemicals and machinery despite persistent energy deficits.
Trump plans 25% tariffs on auto, semiconductor, and pharma imports starting April, aiming to reshore industries, but experts warn of higher prices and economic disruption.
HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of a shift towards Asian markets.
Treasury yields declined despite inflation data exceeding forecasts. Investors focused on upcoming Fed signals as markets awaited the PCE index to gauge inflation trends and policy shifts.
U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower.
Japan recorded a record $193 billion current account surplus in 2024, fueled by strong foreign investment returns, a weak yen, and an improving trade balance, Finance Ministry data shows.