Swiss enhance Trump trade agreement with gold refining initiative: sources
Switzerland’s Gold Industry Plans US Expansion Switzerland is looking to bolster its gold industry by possibly establishing refineries in the United States or enhancing its processing capabilities. This move comes in tandem with efforts to address the trade tariffs imposed by the US, as per two sources familiar with the discussions. President Trump recently enacted […]
Reasons for a 12% Drop in Trade Desk Stock in Just One Day
Trade Desk (TTD) shares dropped 12% in a single day after investors reacted unfavorably to the new advertising partnership between Netflix and Amazon. To add to the situation, Matthew, an analyst from Morgan Stanley, downgraded TTD’s stock rating, slashing its price target from $80 to $50. This downgrade comes in what has already been a […]
Trump’s Hyundai ICE raid undermines his own trade objectives
Seoul and Washington have been in a protracted struggle over tariffs for several months now. After reaching the last stage of their trade agreement, South Korean President Lee Jae-myung extended a diplomatic gesture to President Trump during a comprehensive meeting at the White House in August, which was unexpectedly viewed as a success. What came […]
Family honors finance worker lost at the World Trade Center on 9/11 anniversary
Remembering 9/11: A Family’s Tribute As the United States observes the somber anniversary of September 11, 2001, families are still coping with the losses they endured that day. For many, it’s a time of reflection and remembrance. One family in Brooklyn is choosing to honor the memory of their son and brother, Jimmy Quinn, who […]
EU Seeks Sanctions and Trade Suspensions for Israel, According to Von der Leyen
European Commission President Calls for Sanctions Against Israel Strasbourg, France (AP) — On Wednesday, the president of the European Commission announced intentions to advocate for sanctions and partial trade restrictions against Israel amidst the ongoing conflict in Gaza. The 27 member states of the EU are currently experiencing significant disagreement over their stance on Israel […]
Larry Kudlow says Donald Trump supports free trade on ‘Pod Force One’
Even though President Trump has a strong affinity for tariffs, Larry Kudlow, his former chief economist, described him as essentially a “free trader” during a recent interview on “Pod Force One.” Kudlow, who directed the National Economic Council from April 2018 to the end of Trump’s first term, indicated that the president envisions a world […]
Canadian Dollar drops to nearly 1.3850 due to uncertainty over trade agreement
The USD/CAD exchange rate is expected to reach around 1.3855 in early Asian trading on Wednesday. Weak economic indicators from Canada, along with ongoing tariff uncertainties, are putting pressure on the Canadian dollar. Recent data shows that U.S. employment growth was significantly lower in the year leading up to March than previously estimated. On Wednesday […]
Trump states that the US and India are still discussing a trade agreement.
Just under two weeks after the U.S. president imposed tariffs on India for purchasing Russian oil, negotiations between the U.S. and India regarding the trade deal are set to continue. On Tuesday, Trump took to Truth Social to express his regard for Indian Prime Minister Narendra Modi, referring to him as “a very good friend” […]
This generator stock has increased significantly since its earnings report. Here’s an options trade to capitalize on potential future gains.
Stock Update: Generac (GNRC) Generac’s stock has had an interesting month. After a phenomenal earnings report that sent the stock soaring by 32% on July 30th, it faced a decline for about a month. However, it seems to be making a gradual comeback, presenting a potential bullish opportunity. Before making any trading decisions, it’s wise […]
U.S. Stainless Steel Prices Remain Stable Despite Trade Concerns
Stainless Monthly Metal Index Update The Stainless Monthly Metal Index (MMI) showed little movement, registering a 1.69% increase from August to September, landing at 1.69% overall. US Stainless Steel Prices Steady in August In August, US stainless steel prices remained stable. Following several announcements in recent months, mills have managed to maintain an upward trend […]