Usa Financial News

05.04 / 13:33
Citi WhatsApp Trade President reports prevention Mass layoffs by Donald Trump administration are hampering critical health services, including cancer, claims report
Among those ousted were its director, Dr. John Howard, who had been in the job through three previous presidential administrations, AP reported. The layoffs are stalling — and perhaps ending — many programmes, including a firefighter cancer registry and a lab that is key to certifying respirators for many industries, as per the report. The cuts are «a very pointed attack on workers in this country», said Micah Niemeier-Walsh, vice president of the union local representing NIOSH employees in Cincinnati. Unions that represent miners, nurses, flight attendants and other professions have criticized the cuts, saying it will slow the identification and prevention of workplace dangers. Rallies in Cincinnati and other cities drew not only fired CDC employees but also members of unions representing teachers, postal workers and bricklayers, Niemeier-Walsh said.
05.04 / 13:33
Manufacturing economy Election Trade President country Trump goes all in with bet that the heavy price of tariffs will pay off for Americans
Trump's move on Wednesday to place stiff new tariffs on imports from nearly all U.S. trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans. It was the realization of his four decades of advocacy for a protectionist foreign policy and the belief that free trade was forcing the United States into decline as its economy shifted from manufacturing to services. The tariff announcement was the latest and perhaps boldest manifestation of Trump's second-term freedom to lead with his instincts after feeling his first turn in the Oval Office was restrained by aides who did not share his worldview. How it shakes out could be a defining judgment on his presidency. The early reviews have been worrisome. Financial markets had their worst week since the onset of the COVID-19 pandemic, foreign trade partners retaliated and economists warned that the import taxes may boost inflation and potentially send the U.S. into a recession. It's now Republican lawmakers who are fretting about their party's future while Democrats feel newly buoyant over what they see as Trump's overreach.
05.04 / 09:07
markets UPS Manufacturing Nikkei Trade information Nissan considers transferring some domestic production to US, Nikkei says
Donald Trump ramps up trade tariffs on nations worldwide. As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump's tariffs, the business newspaper said, without citing the source of its information. The Japanese automaker's Rogue SUV, a key model in the U.S. market, is now produced in Fukuoka and the United States, the report said. On Thursday, Nissan said it would not take new orders from the U.S. for two Mexican-built Infiniti SUVs after earlier Trump tariff announcements, marking, a drastic scale-back of its operations at a joint venture plant. The automaker now plans to maintain two shifts of production of the Rogue at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month.
05.04 / 09:07
security ICE WhatsApp students Department International US disbands immigration helpdesk that aided H-1B and green card applicants
H-1B visa holders, international students on F-1 visas, and green card applicants — with many from the Indian diaspora. The Ombudsman’s office handled nearly 30,000 requests last year, offering help with delays, errors, and application disputes, according to the American Immigration Lawyers Association (AILA). Immigration attorneys say the closure will reduce transparency and accountability within the U.S. Citizenship and Immigration Services (USCIS). “Individuals or businesses sought assistance from the CIS Ombudsman for a variety of issues, ranging from erroneous rejections of filings and denials to typographical errors on secure documents (such as Green Cards and Employment Authorization Documents) and even mailing issues. Last year, the Ombudsman’s office assisted approximately 30,000 applicants,” Sharvari Dalal-Dheini, senior director for government relations at AILA, told TOI's Lubna Kably.
05.04 / 08:49
crypto news BlackRock cryptocurrency news Bitcoin Bitcoin Today BlackRock debuts Bitcoin exchange-traded product in Europe
BlackRock Inc., the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency. The iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN on Tuesday, the company said in a statement. The product will debut with a temporary fee waiver of 10 basis points — reducing its expense ratio to 0.15% until the end of the year.
05.04 / 08:39
markets Provident economy Trade War country Will India tariff woes be Trumped by RBI response?
tariff rate of 10% on countries across the globe, big and small. From the imposed reciprocal tariff rates, Asia and Europe on the higher end of the tariff scale. In Asia, the highest rate of reciprocal tariff is on Cambodia and Vietnam. India faces reciprocal tariffs of 27% while China faces reciprocal tariffs of 34%. Indonesia and Taiwan are facing higher tariffs than India at 32%. Mexico and Canada are exempted from new tariffs, while the previously announced 25% tariff on autos is to take effect from April 3, 2025. Reciprocal tariffs to the equivalent of ~50% of combined estimated rate of tariff and non-tariff barriers faced by US exports in the respective countries have been announced. A retaliation might put the global economy in a trade war. The efforts to reach a bilateral agreement between India-USA provides hope and scope to limit the impact of these reciprocal tariffs levied on India.
05.04 / 08:39
markets COST UPS Trade beautiful hospital reports Eggs, Eyelashes, iPhones: What Donald Trump’s trade war could really cost you
While some items may seem niche or indulgent, they’re part of daily routines and cultural habits that touch millions of households. And the costs are set to climb.
05.04 / 08:17
UPS film Actor Basketball performer stage travelers ‘Barff’: Saurabh Shukla’s thrilling play draws inspiration from Kashmir
Subscribe to enjoy similar stories. Barff, a play written and directed by national award-winning actor Saurabh Shukla, is set in Kashmir—however, it is not connected with the politics of the region. The inspiration lies in the people and landscapes.
05.04 / 07:03
markets economy Trade President track country Stock market slide: Akhilesh Yadav says common people losing money, blames Centre
Samajwadi Party chief Akhilesh Yadav on Saturday said it is very important to pay attention to the slump of India's markets as common people are losing their money and this could cause the economy to sink. In a post on X in Hindi, the former Uttar Pradesh chief minister held the central government responsible for this «double vicious circle» of the economy. Indian markets plunged on Friday after US President Donald Trump announced sweeping reciprocal tariffs, including 27 per cent on India, to reduce the trade deficit and boost domestic manufacturing. «It is very important to pay attention to the loss of millions of crores in the country's stock market because the savings and capital of the common people, who have some extra money to invest and with which they buy goods or services and vehicles and land, is being lost. »These are the things that keep the wheel of buying and selling moving in the market and also the economy. If the money of the common people is lost in the stock market, then both the market and the economy sink," Yadav said in his post. Investors' wealth dropped by Rs 10 lakh crore on Friday as the BSE Sensex slumped over 900 points to crash below the 76,000 level due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears.
05.04 / 07:03
markets Provident Manufacturing WhatsApp Infinity President Nissan says it will not take new US orders for Mexican-built Infiniti SUVs
Nissan Motor said on Thursday it will not take new orders from the U.S. for two Mexican-built Infiniti SUVs, following auto tariffs levied by President Donald Trump, in a drastic scale-back of its operations at a joint venture plant. The Japanese automaker said it would now maintain two shifts of production of the Rogue SUV at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Nissan will not accept any additional orders of the Infiniti QX50 and QX55 SUVs for the U.S. market produced at the COMPAS plant it has run together with Mercedes-Benz in Mexico. Nissan said production is expected to continue for those models sold in other markets. It remained unclear how much of the production is sold in other markets. The two Infiniti models have only been exported from Mexico to the U.S., according to data from Mexico's national statistics agency. A Japan-based Nissan spokesperson said on Saturday the models are produced for and exported to markets such as Mexico, Panama, the Middle East and Canada, without providing details on its production plans for the vehicles.
05.04 / 06:55
markets Digital Software Doge reports India's IT services companies to report subdued growth during 4QFY25: Report
The report attributed this slowdown to seasonal weakness and reduced discretionary spending on digital transformation projects by global clients. It said, «We expect IT services companies within our coverage to report subdued growth during 4QFY25 on seasonal weakness and lower discretionary digital transformation spends.»
05.04 / 06:25
Provident Fighting community Instagram President Diversity Features Meta to end US fact-checking programme on Monday
Joel Kaplan, Meta’s chief global affairs officer, shared the news on X, stating, “By Monday afternoon, our fact-checking program in the US will be officially over. That means no new fact checks and no fact checkers.” He added, “In place of fact checks, the first Community Notes will start appearing gradually across Facebook, Threads & Instagram, with no penalties attached.”
05.04 / 06:25
Strategy Trade country social reports Tariffs stir talks: India, Vietnam and Israel hustle for deals with team Trump
These negotiations come just days after the US imposed a series of new tariffs affecting several nations, including a levy of 26% on India. According to Reuters, US Secretary of State Marco Rubio discussed the levies with Israeli Prime Minister Benjamin Netanyahu. A State Department readout of their meeting confirmed that the tariff discussions are part of a broader diplomatic effort. The talks are centered on a relatively small subset of the countries impacted by the new tariffs, with both parties looking to strike deals. This is seen as the first phase of a larger set of negotiations, as countries begin to assess their next steps and responses to the tariff changes. On Friday, Vietnam, which is facing a 46% tariff on its exports to the US, announced that it intends to reduce its tariffs on US goods to zero, pending an agreement with the US.
05.04 / 06:25
markets economy President War social reports Videos Did Warren Buffett really call Trump’s tariff move ‘the best economic move in 50 years’?
Warren Buffett wants the world to know: he’s not cheering Donald Trump’s tariff spree. And he hasn’t said a word about it—despite what viral videos and presidential posts might suggest. Berkshire Hathaway issued a rare public statement on Friday, flatly denying that Buffett ever praised Trump’s recent economic measures. “There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said. The clarification came hours after US President Donald Trump shared a video on Truth Social claiming Buffett had declared Trump was making “the best economic moves he’s seen in over 50 years.” The video, originally posted by an Instagram user called «AmericanPapaBear,» suggested Trump was “crashing” the stock market on purpose to make equities cheaper for the middle class. Trump’s repost came just as global markets were convulsing in response to his new tariffs.
05.04 / 06:25
markets COST economy Photos country Videos Colleges US consumers rush to buy big-ticket items before Trump's tariffs kick in
Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. «I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs,» he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more American exports, leading to negotiations that could reduce tariffs, or that companies increase their production in the U.S. to avoid higher import taxes. Rob Blackwell and his wife needed a new car that could handle long drives from Arlington, Virginia, to their son's college. Their current electric vehicle is older with a limited range, and it will soon be used by his daughter, who is on the verge of getting her driver's license.
05.04 / 05:45
markets Hollywood Boxing Minecraft wellness film International Jack Black-Jason Momoa's Minecraft earns $18.4 million overseas in previews
A Minecraft Movie is off to a positive start at the box office. The movie has exceeded expectations and is on track to earn $90 to $100 million over its opening weekend. As per Deadline, A Minecraft movie earned $18.4 million in 55 offshore markets on Thursday, excluding China. The Warner Bros. film earned $10.55 million in previews domestically on Thursday, April 3.
05.04 / 05:45
markets Citi FIVE Sustainability Fallout Experts Cycling Bengaluru and Pune property prices are in danger due to Trump tariff fallout, CA warns
recession — a threat that could hit India where it hurts most: its tech-driven cities. As American companies rein in spending, Indian IT firms are grappling with slower project cycles and shrinking revenues. The impact is already visible, with the Nifty IT index plunging 9% this week — its biggest weekly drop in five years — sparking concerns that a downturn in the US could derail the ongoing recovery in technology spending. Experts warn that India cannot remain immune to global economic shocks. Chartered accountant Paaras Gangwal highlighted on X (formerly Twitter) that a US recession may trigger a domino effect, especially in IT hubs like Bengaluru and Pune. He pointed out that the real estate boom in these cities has been fuelled by IT growth, making them vulnerable to global tech disruptions. In a post on X (formerly Twitter), CA Paaras Gangwal wrote, “Bangalore, Pune Real Estate Market is linked with IT Sector. It is HOT because boom in the IT Sector in last 3-4 Year. Recession in USA may impact the Real Estate market of IT Cities too.”
05.04 / 05:45
Manufacturing economy Adidas Trade country Courts Factories under threat, Southeast Asian countries look to court Trump to ease the pain
Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, they will face some of the most punishing tariffs. All three countries have said in recent days that they’re open to negotiations over the “reciprocal tariffs” Trump announced this week, while Singapore, a finance and trade hub, has said that it doesn’t plan to strike back. The offers come as nations worldwide weigh how to respond to Trump’s decision to slap tariffs from 10% to as high as 50% on every country. Since his announcement, trillions of dollars in market value have been wiped out globally and triggered widespread recession alarms. Southeast Asia’s offers to negotiate contrast with China’s immediate retaliation, while the European Union is preparing its own countermeasures if talks fail. Trump and Vietnam's leader To Lam have agreed to discuss a deal to remove tariffs, both leaders said after a phone call that Trump said was «very productive», as Hanoi has escalated its campaign to dodge duties of 46%.
05.04 / 05:45
markets COST UPS Manufacturing War rights Trump tariff hunt eyes India's last stock market refuge but it won't be an easy kill
Donald Trump’s tariff tantrums on April 2, are now nursing their wounds. The Nifty Pharma index tumbled 4% on Friday, slamming the brakes on a relief rally that lasted less than 24 hours. Investors who had rushed into stocks like Laurus Labs, Aurobindo Pharma, Lupin, Biocon, Gland Pharma and Cipla watched them fall between 5% and 7% in a single session. The shock came courtesy of Trump’s chilling declaration: Pharma tariffs are “going to be starting to come in… at a level that you haven't really seen before.” The announcement, he said, is “under review right now” and will be made “in the near future.”
05.04 / 04:35
markets UPS economy film trends Trade show Smallcaps show mixed trend in muted start for FY25 with 23 double-digit declines
Donald Trump altering global trade structures. India bore some of the pain with higher-than-anticipated tariffs. The broader market showed a mixed trend with 23 smallcap stocks falling in double-digits. But at the same time 54 of them saw double-digit gains. On the losers side, Pokarna, Garware Hi-Tech Films and Avanti Feeds fell up 34% during the week. On the other hand, NACL Industries, Valiant Organics, Hester Biosciences rose up to 42%.

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