Apple quarterly sales and profit beat expectations as tariffs loom
Please see what you are clicking on foxbusiness.com. Apple reported on Thursday that slightly beat Wall Street expectations as consumers stocked their iPhones amid fears of potential import taxes on signing devices from President Donald Trump. The Cupertino, California-based company said its revenue and profit for the second quarter ended March 29 was $1.65 per […]
Trump Declares ‘Secondary Tariff’ on Venezuelan Oil as More ‘Reciprocal Tariffs’ Loom
President Donald Trump announced “secondary tariffs” on Venezuela on Monday, declaring that countries buying oil or gas from them will be forced to pay an additional 25% in deals with the US Quoting violent Venezuelan gangs like Tren de Aragua (TDA), Trump wrote about the true society that South American nations are “intentional and deceived, […]
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 […]