June 12, 2025 - 21:59
In a notable shift, the stock market experienced a slight uptick today, with the Dow, S&P 500, and Nasdaq all drifting higher. This movement comes on the heels of new wholesale data indicating milder inflationary pressures, which has contributed to a more optimistic outlook among investors. The data suggests that inflation may be stabilizing, alleviating some concerns that have been weighing on the market.
However, the atmosphere remains tense as former President Trump renewed his threats to impose "take it or leave it" tariffs on trading partners. This declaration has raised apprehensions about potential trade disruptions and their impact on the economy. The dollar also experienced a decline, reflecting investors' cautious sentiment in light of these renewed tariff threats.
Market analysts are closely monitoring these developments, as the interplay between inflation data and trade policy could significantly influence market trends in the coming days.
June 13, 2025 - 18:04
Nvidia Adjusts Financial Outlook Due to U.S. Chip Sales RestrictionsIn a significant shift, Nvidia`s CEO Jensen Huang has indicated that the company will no longer include China in its financial forecasts. This decision comes in response to increasingly stringent U...
June 13, 2025 - 10:12
GOP Tax Cut Plan Receives Approval from Joint Finance CommitteeIn a significant move, the Joint Finance Committee has approved a Republican-backed tax cut plan worth $1.3 billion. The proposal aims to provide financial relief to seniors by introducing a new...
June 12, 2025 - 11:35
Australians Advised to Be Cautious of Financial InfluencersIn a significant warning, Australians are being urged to exercise caution regarding financial advice disseminated by so-called `finfluencers` on social media platforms. With millions of individuals...
June 11, 2025 - 18:04
Treasury Secretary Bessent Indicates No Interest in Fed Chair PositionDuring his recent testimony to Congress, Treasury Secretary Scott Bessent addressed a variety of pressing topics, including the much-discussed `big beautiful bill` proposed by former President...