President Trump announced a 10% baseline tariff and “discount” reciprocal tariffs on Wednesday during a widely anticipated Rose Garden address.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Nvidia (NVDA), TSMC (TSM) and other chip stocks fell Wednesday after the bell following US president Trump’s announcement of sweeping reciprocal tariffs affecting the semiconductor supply chain.
A report from Politico that Musk could step back from his role in the White House helped boost the stock after Q1 deliveries came in weaker than expected.
BCB Group CEO Tim Renew says crypto and traditional finance must work together if the industry wants to scale, urging the community to stop fighting and start collaborating as institutions enter the space.
Bitcoin fell late Wednesday after President Donald Trump’s latest tariff announcement roiled markets.
Imports of oil, gas and refined products were exempted from U.S. President Donald Trump’s sweeping new tariffs, the White House said on Wednesday. The exemption will come as a relief to the U.S. oil industry, which had expressed concerns that new levies could disrupt flows and raise costs on everything from Canadian crude oil serving Midwest refineries to European cargoes of gasoline and diesel to the eastern seaboard. Trump on Wednesday announced he would impose a 10% baseline tariff on all imports to the United States and higher duties on dozens of the country's biggest trading partners, deepening a trade war that he kicked off on his return to the White House.
LONDON/TOKYO (Reuters) -The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife. Depending on how President Donald Trump and leaders of other nations proceed now, it may also go down as a turning point for a globalised system that until now had taken for granted the strength and reliability of America, its largest component. "Trump's tariffs carry the risk of destroying the global free trade order the United States itself has spear-headed since the Second World War," said Takahide Kiuchi, executive economist at Nomura Research Institute.
RH shares plunged in extended trading Wednesday after the furniture maker issued a weaker-than-expected outlook and said it's facing “the worst housing market in 50 years.”
Global markets reacted sharply and swiftly after President Donald Trump revealed his much-anticipated tariff plans Wednesday, with investors fleeing U.S. stock indexes and stocks of companies that rely on global supply chains plummeting.
