Month: April 2025
Scale of U.S. dollar declines and euro gains amid Trump tariffs catches investors off guard
Key Points The scale of U.S. dollar declines and euro gains amid tariff-induced market chaos has caught some market players off-guard. With investors broadly exiting U.S. assets, questions remain over whether a pull-back lies ahead. The euro has benefited from an alternative safe haven status, buoyed by longer-term expectations of German fiscal spending and the […]
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UK retailers warn of Chinese ‘dumping’ amid tariffs, call for end to tax loophole
A woman stands with a coffee and looks at her phone on U.K. high street. John Keeble | Getty Images News | Getty Images British retailers have warned that Chinese companies risk flooding the U.K. with low cost goods as U.S. President Donald Trump’s tariffs choke off access to the world’s largest consumer market. The […]
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Pfizer scraps daily weight loss pill after liver injury in one patient
Nikos Pekiaridis | Lightrocket | Getty Images Pfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial. The patient did not experience any liver-related symptoms or side effects, a Pfizer spokesperson said in […]
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More than 60% of CEOs expect a recession in the next 6 months as tariff turmoil grows, survey says
The Goldman Sachs headquarters in New York. Bloomberg | Bloomberg | Getty Images A growing majority of America’s top executives now expects the U.S. economy to enter a recession in the near future, according to a survey released Monday. Of the more than 300 CEOs polled in April, 62% said they forecasted a recession or […]
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Op-ed: NYSE systems are working normally, handling record volume more efficiently than during Covid crash, president says
Lynn Martin, NYSE President, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The great American entrepreneur Henry Ford once said, “The only real security that a man can have in this world is a reserve of knowledge, experience and ability.” In surveying the […]
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Why Trump’s nuclear talks with Iran could be far more successful than Biden’s
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran’s Foreign Minister Abbas Araghchi speaking to AFP during an interview at the Iranian consulate in Jeddah on March 7, […]
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Airlines bank even more on splurging vacationers as clouds form on economy
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. […]
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Europe stocks pop 2.2% as Trump tariff exemptions boost sentiment; tech up 3%
European stock markets were broadly higher on Monday morning, as investors parsed news of a U.S. tariff exemption for some tech items while the earnings season kicks into gear. The pan-European Stoxx 600 index was 2.2% higher at 9:30 a.m. London time with all sectors in the green, bolstered by technology gains of 3%. Oil […]
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Singapore sees zero growth as a possibility this year as it cuts GDP outlook on tariff worries
View of MAS building, Singapore Lee Yen Nee Singapore on Monday eased its monetary policy for the second straight time, as the city-state sees zero growth this year as a possibility after posting a lower-than-expected GDP expansion of 3.8% for the first quarter. The Monetary Authority of Singapore had eased its policy stance in its […]
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Sony raises PlayStation 5 prices in Europe citing ‘challenging’ economic environment
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a “challenging economic environment” behind its move. In Europe, the PS5 Digital Edition will now cost 499.99 euros ($569.9), Sony said in a blog […]
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