Browsing: Business

Dow tumbles over 600 points as Trump confirms tariffs on Mexico and Canada, sparking fears of a trade war. Markets reel as investors brace for impact.

India’s economy expanded by 6.2% in Q3 FY25, driven by robust rural demand, higher government spending, and strong exports despite global trade uncertainties.

NVIDIA reports record Q4 revenue of $39.3B, up 78% YoY, fueled by AI demand. Full-year revenue surged 114% to $130.5B, led by Data Center growth and Blackwell AI supercomputers.

Apple is investing $500B in the US over four years, expanding AI, silicon engineering, and manufacturing, including a new factory in Texas and 20,000 new jobs nationwide.

The EU posted a €27.2 billion trade surplus in Q4 2024, its sixth in a row, led by strong exports in chemicals and machinery despite persistent energy deficits.

Trump plans 25% tariffs on auto, semiconductor, and pharma imports starting April, aiming to reshore industries, but experts warn of higher prices and economic disruption.

Egg prices have surged 53% in a year, fueling inflation fears and complicating the Fed’s strategy as consumers react to the sharp increase amid an ongoing avian flu outbreak.

HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of a shift towards Asian markets.

U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower.

Japan recorded a record $193 billion current account surplus in 2024, fueled by strong foreign investment returns, a weak yen, and an improving trade balance, Finance Ministry data shows.