Trump’s tariffs have had no effect on prices or consumer demand.
Amazon CEO Comments on Impact of Tariffs During a recent shareholders meeting, Amazon’s CEO, Andy Jassy, shared insights about the company’s experience with consumer spending and pricing amid Donald Trump’s tariff policies. He noted that, surprisingly, Amazon hasn’t seen significant shifts in average selling prices or consumer behavior, countering dire predictions from some retailers. In […]
Honda Cuts EV Investments Due to Declining Demand, Shifts Attention to Hybrids
Honda Adjusts Electric Vehicle Investment Amid Slowing Demand Honda has decided to reduce its investment in electric vehicles (EVs) by 30% due to a decline in demand. Instead, the company, which has a significant manufacturing presence in the United States, will shift its focus towards launching more hybrid vehicles. On Tuesday, Honda announced that it […]
Global copper supply expected to be 30% below demand by 2035, warns IEA
Concerns Over Copper Supply in Transition to Low-Carbon Energy Global Energy Watchdog reports that the demand for copper, crucial for advancing toward a low-carbon future, is expected to outstrip supply within the next decade. Currently, a significant shortfall of 30% is projected in the metals required for energy systems by 2035, as indicated by analysis […]
Bitcoin ETF Inflows Rise as Basis Trade Approaches 9%, Indicating Increased Demand
US Bitcoin ETF Sees Significant Inflows On May 19th, Exchange-Traded Funds (ETFs) related to Bitcoin experienced a substantial inflow, amounting to $667.4 million, marking the largest daily total since May 2nd. The notable data comes from investments into the iShares Bitcoin Trust (IBIT), which alone accounted for nearly half of these inflows, totaling $306 million, […]
Gold price rises above $3,200 as Moody’s downgrade increases demand for safe investments
If the DXY declines by 0.47% to 100.50, expect a surge in gold as a safe haven, potentially reaching key levels around $3,200. Moody’s downgraded our credit rating from AAA to AA1, citing long-term financial inaction. However, the Ministry of Finance remains stable, and the USD is seeing some weakness. With the geopolitical backdrop of […]
Trump plans to demand a significant inquiry into the performers at Harris events.
Trump Demands Investigation into Celebrity Support for Harris President Trump is calling for a significant inquiry into the support that various Hollywood celebrities, including Bruce Springsteen, Beyoncé, Oprah Winfrey, and Bono, provided to former Vice President Kamala Harris during the 2024 election. He questions whether these figures were improperly compensated under the guise of performance […]
Rob Couhig, the new owner of Reading, states that there is a genuine demand for the EFL in the US.
Rob Couhig Reflects on Reading FC Acquisition Journey Rob Couhig expressed feeling “jammed at the altar” during the difficult process of acquiring Reading FC, wrapping up an on-again, off-again relationship with the club after many ups and downs over an eight-month period. The long-awaited divorce from previous owner Dai Yongge took over 600 days before […]
Growing Safe-Haven Demand as Moody’s Downgrade Spurs Positive Response
Will Moody’s downgrade and rising yields rekindle the Gold Bulls? Moody’s downgraded one of the US’s sovereign credit ratings on Friday, pointing to unsustainable levels of debt. This move is expected to trigger a sell-off in US stocks and dollars. There’s a growing concern that Treasury yields could soar, which might shift focus towards long-term […]
USD/JPY appears at risk around 145.00, hitting its lowest level in over a week as safe-haven demand resurges.
USD/JPY kicks off the week on a weak note due to several negative factors. Speculations of rate hikes from the BOJ and a slight dip in global risk appetite are favorable for the JPY. The unexpected downgrade of US credit ratings along with dovish expectations from the Fed impacts the US dollar. The USD/JPY pair […]
Bitcoin’s Rise Towards $120K Boosts Demand for BTC Bull Token Presale
Bitcoin on the Rise Again Bitcoin seems to be in a strong resurgence. After a period marked by uncertainty, it’s enjoying a robust recovery, trading above $100,000. Market sentiment is decidedly positive right now. Analysts are feeling bullish, with many anticipating a breakout to $120,000. There’s a noticeable influx of capital into the market. Contributing […]