by Benzinga | May 13, 2025 3:08 pm | Economics
President Donald Trump referred to the European Union as “nastier than China” in Monday’s press briefing during the signing of an executive order aimed at lowering prescription drug prices. What Happened: Trump called on Europeans to shoulder more financial...
by Benzinga | May 13, 2025 1:07 pm | Economics
Nouriel Roubini, the Iranian-American economist known as “Dr. Doom” for predicting the 2008 financial crisis, said that President Donald Trump “blinked and chickened out” in his trade confrontation with Chinese President Xi Jinping. What Happened: In his recent X...
by Benzinga | May 13, 2025 1:07 pm | Economics
The 90-day pause on tariffs between the U.S. and China has resulted in a rally and positive market sentiment. However, experts caution that this reprieve is not a definitive end to the trade war, leaving significant uncertainty over the long term. What Happened:...
by Benzinga | May 13, 2025 10:09 am | Economics
What Happened: On Monday, macro strategist Craig Shapiro shared his views on X, commenting on the narrowing odds of an interest rate cut by the Federal Reserve following the de-escalation of the trade war with China. He says the odds in favor of an aggressive rate cut...
by Benzinga | May 13, 2025 4:05 am | Economics
SAN JOSE, Calif., May 12, 2025 (GLOBE NEWSWIRE) — In its 2024 Sustainability Report and Analyst Download published today, California Water Service Group (Group) (NYSE:CWT) highlights recent and ongoing emissions reductions, water quality and infrastructure...
by Benzinga | May 13, 2025 3:06 am | Economics
The Dow Jones Industrial Average staged a powerful rally Monday, crossing its 200-day moving average for the first time since early April, as easing trade tensions between the U.S. and China injected a jolt of optimism into global markets. The U.S. and China agreed to...
by Benzinga | May 13, 2025 3:06 am | Economics
In a market whipsawed by AI hype, tariff fears and geopolitical headlines, today’s traders are not committing – they’re swiping right on volatility and moving fast. The most active market participants are increasingly using leveraged and inverse ETFs to...
by Benzinga | May 13, 2025 1:07 am | Economics
WASHINGTON, May 12, 2025 (GLOBE NEWSWIRE) — Gas may be down from its peak, but for working Americans, it still hurts to fill the tank. SUV owners. Long-distance commuters. Families scraping by. Even at $3 a gallon, the pain at the pump is real. But help could be...
by Benzinga | May 13, 2025 1:06 am | Economics
CRANBROOK, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) — According to BC Check-Up: Invest, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on investment trends across the province, the value of major projects in...
by Benzinga | May 13, 2025 12:05 am | Economics
Wall Street staged a robust rally Monday following the U.S.-China trade truce that slashed reciprocal tariffs by over 100 percentage points. By midday, risk-on sentiment was running at full throttle, propelling the Nasdaq 100 up 3.5% and lifting the S&P 500 by...
by Benzinga | May 12, 2025 11:05 pm | Economics
The Consumer Price Index for April, due Tuesday morning, could test Wall Street’s renewed bullishness after a major U.S.-China tariff rollback fueled risk-on sentiment. Despite a slightly defused trade war, the inflation print could tighten the Fed’s hand...
by Benzinga | May 12, 2025 9:09 pm | Economics
President Donald Trump’s foreign policy legacy will be studied for years, but it has diverged sharply from the business-minded principles he outlined in his memoir and bestseller “The Art of the Deal.” While these tactics might seem puzzling to some,...
by Benzinga | May 12, 2025 9:09 pm | Economics
Austin, TX, USA, May 12, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Automotive Plastic Compounding Market Size, Trends and Insights By Type (Polypropylene (PP), Polyethylene (PE), ABS, Nylon 6, Nylon 66,...
by Benzinga | May 12, 2025 8:09 pm | Economics
Jim Cramer has raised concerns over the constitutionality of recent drug price controls, urging pharmaceutical companies to seek an injunction. What Happened: CNBC’s Mad Money host, Cramer, in a post on X on Monday, argued that, unlike tariffs, drug price controls...
by Benzinga | May 12, 2025 8:09 pm | Economics
WASHINGTON, May 12, 2025 (GLOBE NEWSWIRE) — If you’re over age 50, you might remember when a $20 bill could fill your tank. Back then, gas was under $1.00 per gallon. Today, that number hovers near $3.00 — and for millions of Americans, it still feels...
by Benzinga | May 12, 2025 8:09 pm | Economics
Economist Craig Shapiro shared his insights on the unfolding U.S.-China trade dynamics, warning that while a tariff truce may calm immediate market fears, it could have unintended consequences for the broader economy. What Happened: Shapiro, a macro strategist at Bear...
by Benzinga | May 12, 2025 5:11 pm | Economics
The 145% tariff on Chinese imports, previously imposed by President Donald Trump, has reportedly put Walmart and Target supplier’s Huntar Company Inc.’s factory in China at risk of shutting down. What Happened: The tariff, which was effective from April 9, has caused...
by Benzinga | May 12, 2025 5:11 pm | Economics
In a recent interview, Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates expressed his views on President Donald Trump’s tariffs, market turmoil, and the global tech rivalry with China. What Happened: Gates was critical of the unpredictability surrounding U.S....
by Benzinga | May 12, 2025 5:11 pm | Economics
Burlingame, CA, May 12, 2025 (GLOBE NEWSWIRE) — Coherent Market Insights published a report, titled, the global Music Streaming Market size is calculated at USD 47.06 billion in 2025 and is forecasted to reach around USD 143.89 billion by 2032, accelerating at a...
by Benzinga | May 12, 2025 4:10 pm | Economics
Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) has silently emerged as one of the biggest players in the U.S. Treasury-bill market. In JPMorgan’s estimation, Warren Buffett’s conglomerate currently holds around 5% of all outstanding short-term government...
