A months-long calm on Wall Street shattered on Friday after President Donald Trump threatened to sharply raise tariffs on China, triggering a broad market sell-off and pushing the S&P 500 toward its steepest loss since April.The S&P 500 slid 2%, while the Dow Jones Industrial Average plunged 622 points and the Nasdaq composite fell 2.7%,…
The president proposed economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. makers of chips and batteries. Source link
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex traders said the central bank’s intervention also provided support, although a firm US dollar capped sharper gains.The rupee opened at 88.80 and…
The unraveling of First Brands, a midsize auto-parts maker, is exposing hidden losses at international banks and “private credit” lenders. Source link
India and South Korea have agreed to explore joint initiatives in the fields of electronics, electric vehicle (EV) components and trusted digital supply chains, the commerce ministry said on Friday.The discussions took place between Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo on the sidelines of the G20…
The head of the White House budget office said on Friday that reductions in force had started. Source link
Central banks around the world are increasing the percentage of gold reserves in their overall foreign exchange reserves. (AI image) Gold is on a record-breaking spree – even by its safe haven standards! Gold prices have been rising to new lifetime highs both in the domestic and international markets – smashing records with a bull…
The league’s popularity has given rise to online sexism and racism — and misinformation that traffics in both. Source link
Silver rate today: Silver prices surged sharply in Delhi on Friday, jumping Rs 8,500 to close at a record Rs 1,71,500 per kilogram, driven by robust safe-haven demand and ongoing supply constraints in global markets.The All India Sarafa Association reported that silver had closed at Rs 1,63,000 per kilogram on Thursday. Over the past three…
It is a well-worn strategy to temporarily create a government benefit and hope that its eventual expiration will create a standoff like the shutdown fight. Source link
