Latest Business News
Trump's 10% Global Tariffs Now in Effect After Supreme Court Ruling
A new flat 10% US tariff on all trading partners kicked in today following the Supreme Court striking down use of the IEEPA. The White House is preparing a formal order to raise it to 15% using other legal measures. Asian stocks shrugged off Wall Street's AI-driven selloff.
AI Warnings Trigger Sharp Declines in Tech Stocks on Wall Street
Warnings about AI impacts led payments and software firms to tumble, with IBM dropping the most in 25 years amid an 'AI scare trade'. Figures like Taleb and Citrini fueled the selloff, but markets eased later.
Asian markets largely ignored the volatility.
BlackRock Highlights Fiscal Spending in Japan and Europe as Key Drivers
Geopolitical fragmentation prompts Japan and Europe to ramp up fiscal stimulus, creating return opportunities beyond AI hype. BlackRock prefers Japanese equities over bonds and European pharma, financials, infrastructure.
Japan's corporate reforms support sustained ROE improvements.
US Stocks Churn Near Records Amid Rising Pessimism
US equities have traded near highs for months, with gains erased by quick selloffs like Monday's amid dwindling bulls. Pessimists see hope in the sentiment shift.
S&P 500 added 1% last week despite tariff news.
Global Supply Chains Brace for Uncertainty Post-Supreme Court Tariff Decision
The Supreme Court voided Trump's emergency powers for tariffs, but the administration quickly pivoted to reimpose them, unsettling supply chains. Gold prices climbed on US trade policy doubts and weaker dollar.
World trade shows cautious optimism amid stabilizing inflation.
Transshipping Emerges as Tactic to Dodge Chinese Tariffs
Companies use transshipping—routing goods through low-tariff countries—to avoid duties on Chinese imports, a legally gray practice amid Trade War 2.0. Trump employs obscure legal authority for 15% global tariffs.
Questions arise on potential consumer tariff refunds.
Standard Chartered Boosts Bonus Pool 10% Despite Flat CEO Pay
StanChart increased its bonus pool by 10% while CEO Bill Winters' pay remained flat, signaling confidence amid earnings growth. The bank also hiked dividends and share buybacks.
CEO discussed strategy on Bloomberg.
Anthropic Launches Up to $6 Billion Share Sale for Employees
AI firm Anthropic kicked off a share sale for staffers valued at up to $6 billion. This comes amid broader AI market jitters from expert warnings.
The move highlights ongoing valuation in AI sector despite volatility.
US Trucking Sector Hits 'Freight Recession' with Plummeting Rates
Shipping rates have crashed post-pandemic, creating a freight recession in the $875 billion US trucking industry. This aids retailers with lower costs during contract talks.
Inventory gluts reduced demand.
Battery Storage Growth Expected Despite Policy Shifts in 2026
Battery storage poised for expansion this year amid energy policy changes. US policies on Venezuelan energy intersect with immigration issues.
California gas prices far exceed national averages.
ECB Holds Rates Steady as Euro Inflation Data Looms
Final euro area inflation figures in focus after ECB kept rates on hold; BlackRock sees policy steady through 2026 if inflation dips below 2%. European equities favored in fiscal stimulus sectors.
Brent crude rose 6% to over $70/bbl on Middle East tensions.
Fleet Advantage Aids Truck Fleets in SEC-Mandated GHG Certification
Fleet Advantage helps certify greenhouse gas emissions for truck fleets under new SEC rules, a service provided for a decade. Focuses on high-mileage tractor-trailers.
Supports corporate sustainability efforts.