UBS has become the latest bank to raise its gold price target, citing the increasing likelihood of a continued escalation in the global trade war. Analysts expect ongoing trade tensions to drive investors toward gold, the ultimate safe-haven asset. In a report released on Monday, UBS analysts Wayne Gordon and Giovanni Staunovo stated that gold […]
U.S. President Donald Trump has threatened to impose a 200% tariff on European wine, champagne, and other alcoholic beverages if the European Union proceeds with its planned 50% tariff on American whiskey. This marks a significant escalation in the ongoing trade tensions between the U.S. and the EU. The EU’s proposed tariff on American whiskey
After Amazon abandoned its $1.4 billion acquisition of iRobot, the American robotic vacuum manufacturer has been facing significant financial difficulties. Due to increased competition from Chinese companies, iRobot’s performance has been steadily declining. On March 12, the company admitted that its ability to continue operations for the next 12 months is uncertain, casting doubt on
Tesla ranked first in U.S. stock trading volume on Monday, closing down 15.43%. The stock has now fallen more than 50% from its historical high, with a trading volume of $42.872 billion. According to reports, anti-Musk demonstrations erupted in multiple locations across the United States, while Musk’s social media platform, X, suffered large-scale cyberattacks, leading
In the early morning of March 8 (Beijing time), Federal Reserve Chairman Jerome Powell delivered a speech at the University of Chicago Booth School of Business. He stated that Federal Reserve officials are closely monitoring the impact of the Trump administration’s policies but remain relatively optimistic about the current economic conditions. “Despite elevated uncertainty, the
Before Thursday’s market opening, the sharp decline in Marvell Technology stock and the latest advancements in China’s AI industry seemed to remind the US stock market of its initial encounter with DeepSeek. As of press time: China’s AI Innovation Shakes the Market In this latest wave of AI innovation from China, Alibaba is the first
“Trumpcession” Warning from the Atlanta Fed Cailian News Service reported on March 4 that the GDPNow model, released in real time by the Federal Reserve Bank of Atlanta, has sounded the alarm for what some are calling a “Trumpcession.” The model predicts that the US GDP growth rate will fall to its lowest level since
On Monday (24th), U.S. President Donald Trump announced that the plan to impose tariffs on Mexico and Canada would proceed as scheduled after the one-month suspension expires next week. Tariffs Moving Forward During a White House press conference, Trump stated that the tariffs were moving forward on time and progressing rapidly. He reiterated that the
Musk continues to make significant strides in the field of AI. On February 23, Musk announced that the early beta version of Grok Voice Mode is now available on the Grok app. Grok 3’s Voice Mode allows users to communicate with artificial intelligence through natural language, facilitating more intuitive and efficient information acquisition and interaction.
WeRide’s Stock Soars Amid Nvidia’s Endorsement Recently, WeRide experienced the biggest stock price fluctuation since its listing, with a surge that triggered a circuit breaker. The primary reason for this spike was Nvidia’s announcement of its shareholding in WeRide. During U.S. trading on February 18, WeRide’s stock soared by more than 31%. Despite continuous positive
