Hyundai plans fresh $20 billion investment in US, including new Louisiana steel plant, as tariff threats loom
Hyundai plans to make a fresh $2 billion investment in the US, including a new Louisiana steel factory, becoming the latest major foreign company and moving more operations into the US to avoid looming tariffs. The South Korean automaker is planning to build a $5.8 billion factory near Donaldsonville, with the new facility being set […]
Gold (XAU) Silver (XAG) Daily Forecast: $3,025 Pivot in Focus as Inflation and Tariff News Loom – FX Empire
The US dollar remains strong in Hawkish's federal tone The US Dollar Index (DXY) is resilient near the 104.00 level. While pausing the three-day gathering, wider strength continues to weigh the gold. Recent comments from Federal Reserve Chair Jerome Powell have reinforced the central bank's cautious attitude. Powell said the labor market remains strong and […]
US booze importers cancel European wine shipments — and brace for devastating losses — as Trump tariffs loom
US liquor importers are cancelling cargo from Europe and paying potentially catastrophic losses as President Trump threatens 200% higher tariffs that could take effect next month. The US Wine Trade Union, which represents around 6,000 retailers and wholesalers, said President Trump's threat of slapping 200% tariffs on European alcohol had a calm effect, with some […]
Fed keeps rates unchanged as Trump tariffs, economic concerns loom
The Federal Reserve stabilized interbank lending rates in the 4.25-4.5% range on Wednesday despite indications that the economy may be heading for a slowdown. The decision to keep the fees where they were was in line with market expectations. The CME FedWatch prediction algorithm based on futures contract prices will stabilize the Fed with a […]
United Nations announces initiative aimed at reducing spending as threat of US cuts loom
UN Secretary-General Antonio Guterres announced the UN80 Initiative on Wednesday, a project commemorating the 80th anniversary of the international organization. On paper, the initiative aims to improve efficiency, see implementation of powers of attorney, and rebuild the system. However, several UN critics argue that this is an international body's way of supporting the potential for […]
UK speech lords back down as US tariffs loom
The UK's online safety law has been the source of much controversy in recent months, but the recent tariff threat from the Trump administration has forced the UK to reconsider its role in online censorship. The British leader, the British Prime Minister, Kiel Starmer, It is reportedly “I signaled to Washington [the U.K.] We are […]
Commodity Producers Brace for Impact: Trade Tariffs and Shutdown Risks Loom – DTN The Progressive Farmer
Mexico is in the top 3 markets of soy products, while Canada is in the top 10 markets of soybeans. “They (Mexico) have a big crash industry, they get a lot of soybeans from us, and they import a lot of food and a little oil,” Sutter said. Mexico has not detailed how it will […]
Troubles loom for Johnson on Trump budget bill
Speaker Mike Johnson (R-La.) won a big victory Tuesday night when he turned the House GOP budget resolution into a dramatic vote, turning the Hardline conservative holdout trio in the final moments to win. But that was just the beginning. With the “One Big, Beautiful Bill” budget resolution adopted by the House, Johnson is now […]
Small businesses seeing revenues rise, but tariff threats loom: BofA
Yardeni's research president Ed Yardeni analyzes new economic data amid the weakness of the market to make money. A new analysis by the Bank of America Institute shows that small businesses appear to be gaining financial momentum, but tariff-related policy changes could drive inflation and thereby It will be a new challenge to profitability. The […]
Musk business entanglements loom over CFPB siege
Elon Musk's plan to add payment services to his social media platform X is much higher than the Trump administration's push to dismantle the Consumer Financial Protection Bureau (CFPB). The tech billionaire has long expressed his hopes to turn X into “all apps” that act as a payment platform. This brought the vision that X […]