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China Shifts Strategy: Moving Beyond Tariffs to Target U.S. Businesses China has announced that it will no longer respond in kind to successive U.S. tariff hikes, dismissing additional tariff increases…
Gold Pulls Back After Hitting Record High as Investors Take Profits Ahead of Long Weekend Gold prices eased by 0.5% to $3,326.51 on Thursday after briefly reaching an intraday record…
Gold Rally Pauses After Historic One-Day Gain as US-Japan Trade Talks Offer Calm Gold’s run of record-breaking gains took a brief breather on Thursday, with the metal trading near $3,325…
Powell Says Tariffs Could Force Fed to Weigh Inflation Against Growth Federal Reserve Chair Jerome Powell warned that proposed tariffs could create a difficult trade-off for policymakers, potentially forcing the…
China Shifts Oil Imports from the US to Canada Amid Rising Trade Tensions China is undergoing a notable reorientation of its crude oil sourcing, moving away from United States supplies…
U.S. Manufacturing Climbs for Fifth Month in March 2024, but Industrial Production Falls Manufacturing posted steady gains in March, yet broader industrial output declined as utilities demand dropped sharply. Economists…
U.S. Retail Sales Surge 1.4% in March as Shoppers Front-Load Big Purchases U.S. retail sales rose by 1.4% in March, marking the largest single-month increase in more than two years.…
U.S. Dollar Under Pressure: Safe-Haven Status and Reserve Currency Concerns Recent market volatility has renewed intense discussion about the U.S. dollar’s position as both a safe-haven asset and the world’s…
Treasury Secretary Scott Bessent Urges CEOs Not to Worry About Tariffs, Promises 90-Day Clarity Treasury Secretary Scott Bessent has urged chief executives of major companies to stop worrying about tariffs…
S&P Global Signals Possible Further Downgrade of U.S. Credit Rating S&P Global Ratings has warned that the United States may face an additional downgrade from its current AA+ credit rating,…
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