Over $19 billion worth of leveraged crypto positions were liquidated in 24 hours, marking the largest single-day loss in the history of digital currency. The sell-off triggered by United States President Donald Trump’s announcement of a 100% tariff increase on Chinese imports, which is set to take place on November 1, sent Bitcoin plummeting to $102,705 …
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United States President Donald Trump stated on Friday that Chinese products may be subject to new extreme tariffs and that he is weighing the options with his team. “I never thought it would come to this but perhaps, as with all things, the time has come. Ultimately, though potentially painful, it will be a very …
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WTI crude fell below $60 per barrel as easing Middle East tensions and weak China–U.S. sentiment erased much of oil’s geopolitical risk premium. The relatively successful implementation of the Israel-Gaza ceasefire deal has lowered geopolitical risk premiums in oil futures and sent front-month ICE Brent prices below $64 per barrel. The evident escalation in China-US …
Oil futures plummeted more than 3% on Friday after United States President Donald Trump seemingly escalated trade tensions with China, threatening Beijing with a “massive increase” in tariffs over its decision to implement export controls on rare earths. Crude prices were also likely affected by the easing of tensions in the Middle East following the ceasefire agreement reached …
United States President Donald Trump stated on Friday that Chinese products may be subject to new extreme tariffs and that he is weighing the options with his team. “I never thought it would come to this but perhaps, as with all things, the time has come. Ultimately, though potentially painful, it will be a very …
Continue reading “Trump threatens ‘massive’ tariffs on China”
Venezuelan opposition leader Maria Corina Machado was awarded the Nobel Peace Prize on Friday “for her tireless work promoting democratic rights for the people of Venezuela and for her struggle to achieve a just and peaceful transition from dictatorship to democracy.” The Norwegian Nobel Committee described Machado as a “key, unifying figure” in the Venezuelan …
Israeli Prime Minister Benjamin Netanyahu said on Friday that Hamas “will be disarmed and then dismantled,” and that this can be achieved “the easy way,” presumably via United States President Donald Trump’s Gaza ceasefire plan, or “the hard way,” supposedly referring to a return to fighting. He claimed that Hamas only agreed to the ceasefire deal …
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The prices of most precious metals gave up previous gains on Thursday, with gold coming off its recent all-time high and going below the $4,000 mark. The appetite for safe havens likely faded due to the ceasefire deal between Israel and Hamas. In addition, today’s speech by United States Federal Reserve Chair Jerome Powell didn’t give any insights into …
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The United States Treasury’s Office of Foreign Assets Control (OFAC) sanctioned on Thursday more than 50 individuals, companies, and vessels linked to Iran’s petroleum and petrochemical exports, aiming to dismantle what it called key elements of Tehran’s “energy export machine.” Secretary of the Treasury Scott Bessent said the move disrupts “the regime’s ability to fund …
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JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon warned of a heightened risk of a significant correction in the U.S. stock market within the next six months to two years, the BBC reported. “I am far more worried about that than others,” Dimon said, adding there were a “lot of things out there” creating an …
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