Daily Market Summary – Apr 1st Trump's Tariff Policy and Economic Impact President Donald Trump's aggressive trade policy announcements dominated global economic developments, with the unveiling of sweeping reciprocal tariffs on nearly all U.S. imports, dubbed "Liberation Day." These tariffs, potentially affecting $3.3 trillion in goods, are expected to raise the average U.S. tariff rate to levels not seen since the 19th century. The policy has already triggered inflation concerns, with...
1 day ago • 5 min read
Daily Market Summary – Mar 31st Global Markets React to U.S. Tariff Plans Global markets were rattled by escalating trade tensions as President Donald Trump’s administration prepared to unveil sweeping reciprocal tariffs targeting all U.S. trading partners. The proposed measures, including a 25% blanket tariff on imported vehicles and auto parts, sent shockwaves through equity markets, with the S&P 500 and Nasdaq entering correction territory. Major tech stocks such as Nvidia, Tesla, and...
2 days ago • 4 min read
Daily Market Summary – Mar 30th Global trade tensions and tariff impacts Global markets were rattled by a series of aggressive trade and tariff announcements from U.S. President Donald Trump, with April 2, dubbed "Liberation Day," looming as a pivotal moment. Trump’s plan to impose sweeping reciprocal tariffs on imports, including autos, pharmaceuticals, and goods from key trading partners like China, Canada, and Mexico, has sparked fears of a global trade war. Analysts warn that these...
3 days ago • 6 min read
Daily Market Summary – Mar 29th xAI acquires X in major AI-social media merger Elon Musk's artificial intelligence company, xAI, has completed a transformative acquisition of the social media platform X, formerly known as Twitter, in an all-stock deal valuing X at $33 billion and xAI at $80 billion. The merger, which includes $12 billion in debt, aims to integrate xAI’s advanced AI capabilities with X’s vast user base of over 600 million active users. This strategic consolidation is expected...
4 days ago • 7 min read
Daily Market Summary – Mar 28th Tariffs on Automobiles Shake Global Markets Global financial markets experienced heightened volatility as a series of significant developments unfolded, with the most impactful being the announcement of sweeping 25% tariffs on imported automobiles and parts by U.S. President Donald Trump. These tariffs, set to take effect on April 3, are expected to raise vehicle prices by $5,000 to $15,000, disrupt global supply chains, and increase inflationary pressures....
5 days ago • 5 min read
Daily Market Summary – Mar 27th Impact of Auto Tariffs on Global Markets President Donald Trump's announcement of a sweeping 25% tariff on all imported vehicles and auto parts has sent shockwaves through global markets, triggering a broad selloff in auto stocks and raising fears of a prolonged trade war. The tariffs, which apply to all foreign-made vehicles and parts not compliant with USMCA rules, are expected to significantly raise production costs for automakers and increase vehicle prices...
6 days ago • 5 min read
Daily Market Summary – Mar 26th Impact of Trump's Proposed Tariffs on Inflation and Monetary Policy President Donald Trump's proposed tariffs continue to dominate economic discussions, with significant implications for global markets. St. Louis Fed President Alberto Musalem has warned that these tariffs could lead to persistent inflation, contrasting with Fed Chair Jerome Powell's view that the effects may be transitory. Musalem emphasized that indirect effects on non-imported goods and...
7 days ago • 4 min read
Daily Market Summary – Mar 25th BYD's Record Revenue and Tesla's Challenges Chinese automaker BYD has reported record-breaking revenue of $107 billion for 2024, surpassing Tesla’s $97.7 billion. BYD’s success is attributed to its affordable electric and hybrid vehicles, which have gained significant traction in China and other global markets. The company’s net profit rose by 34% year-over-year, and it has introduced new models, including the Shark hybrid pickup truck and an ultra-fast EV...
8 days ago • 4 min read
Daily Market Summary – Mar 24th New U.S. Tariffs and Their Global Impact President Donald Trump's administration is preparing to impose new tariffs on April 2, with uncertainty surrounding their scope and impact on global markets. Reports suggest that while blanket duties on sectors like automobiles, pharmaceuticals, and semiconductors may not be implemented, a 25% tariff on countries purchasing oil or gas from Venezuela is planned. Treasury Secretary Scott Bessent indicated that the tariffs...
9 days ago • 4 min read