April 3, 2025
TikTok bidders pile up with Amazon in mix as deadline looms
As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon is the latest to throw their hats into the ring for TikTok. The site faces an April 5 deadline to reach a deal to find a non-Chinese buyer under threat of being banned […]
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April 2, 2025
Yen holds gains vs US dollar as markets brace for reciprocal tariffs
The yen rose and the dollar index fell as investors digested the latest round of U.S. economic data ahead of tariff announcements from the Trump administration due today. U.S. manufacturing contracted in March after two consecutive months of expansion. The Dollar-Yen pair fell 0.3% in the last session. The MACD is giving a positive signal.Support: […]
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April 2, 2025
Investors pour record $11 billion into Europe ETFs, 7 times more than 2024
U.S. investors poured a record $10.6 billion into ETFs focused on European stocks in the first quarter, seven times the inflows recorded a year earlier. As U.S. President Trump’s tariffs and economic policies fuel uncertainty across markets, European equities have emerged as a bright spot.
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April 2, 2025
US first-quarter auto sales get a lift from looming Trump tariffs, GM leads the way
U.S. buyers snapped up more pickup trucks and SUVs in the first quarter from a year earlier in the run-up to President Trump’s tariffs on auto imports, which could raise prices. GM topped the list with a 17% jump in sales, aided by demand for its affordable crossover SUVs.
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April 1, 2025
Canadian dollar weakens on rising risk aversion
The Canadian dollar weakened against its U.S. counterpart to start the week, giving back some monthly gains, as investors grew risk-averse ahead of U.S. trade tariffs expected to be unveiled this week.
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April 1, 2025
Goldman raises odds of US recession to 35%
Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Fed, as Trump’s tariffs roil the global economy and upend financial markets. The brokerage also lowered the world’s largest economy’s GDP growth forecast for 2025 to 1.5% from 2.0%.
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