Brief by Shorts91NewsDesk / 04:36am on 10 Apr 2025,Thursday Business
On April 9, 2025, U.S. President Donald Trump announced a 90-day pause on tariffs for most countries, sparking a massive rally on Wall Street. The Dow Jones Industrial Average surged by 2,000 points, or 5%, while the S&P 500 rose 5.7% and the Nasdaq Composite climbed 6.8%. This move eased investor fears of a global economic slowdown. However, Trump maintained a 125% tariff on Chinese imports, intensifying trade tensions with Beijing. While markets celebrated the broader tariff relief, uncertainty remains over the long-term impact of the U.S.-China trade standoff. (PC: ET Now)
Brief by Shorts91NewsDesk / 02:54am on 10 Apr 2025,Thursday Business
On April 9, 2025, U.S. President Donald Trump introduced a sweeping 125% tariff on all Chinese imports while suspending tariffs for most other nations for 90 days. The move escalated trade tensions with China, which swiftly responded with an 84% tariff on American goods. The White House issued a stern warning to global partners: “DO NOT RETALIATE AND YOU WILL BE REWARDED,” signaling a high-stakes economic standoff. China’s Commerce Minister condemned the U.S. actions as a severe violation of global trade norms, emphasizing that a trade war benefits no one. (PC: NDTV)
Brief by Shorts91 Newsdesk / 06:41pm on 09 Apr 2025,Wednesday Business
US President Donald Trump announced a 90-day pause on new tariffs for countries negotiating with the US but imposed a steep 125% tariff on Chinese imports. The move follows China’s decision to impose 84% tariffs on American goods. Trump stated that over 75 countries had approached the US for trade talks, prompting the pause. US Treasury Secretary Scott Bessent emphasized that this decision was for negotiation, not market reaction. China, in response, added six US companies to its unreliable entity list, escalating tensions. The trade war between the two nations continues to intensify. (PC: Reuters)
Brief by Shorts91NewsDesk / 04:07am on 09 Apr 2025,Wednesday Business
Asian stock markets plunged after the U.S. imposed a sweeping 104% tariff on Chinese imports, intensifying fears of a global trade war. Japan’s Nikkei 225 fell nearly 4%, while markets in South Korea, Australia, and New Zealand also saw sharp losses. China’s blue-chip stocks dropped 1.2%, and Hong Kong’s Hang Seng index lost 3.1%. The U.S. S&P 500 reversed dramatically, erasing $5.8 trillion in four days. Oil prices hit four-year lows and the offshore yuan slumped to a record low, signaling broader economic turbulence and heightened recession fears across global financial systems. (PC: AP Photo)
Brief by Shorts91 Newsdesk / 04:26pm on 08 Apr 2025,Tuesday Business
US stock markets soared on Tuesday, with the Dow Jones rising 1,100 points. The S&P 500 gained 3.16%, while the Nasdaq surged 3.65%. Tech stocks led the rally, with Nvidia and Meta jumping 5% and Tesla rising 4%. Investors reacted to hopes that the US might ease tariffs through talks. The market rebound followed days of losses due to trade tensions with China. The US "fear gauge" dropped after hitting a recent high. Analysts warn that trade tensions could still affect markets. Investors now await an inflation report on Thursday, which may influence Federal Reserve rate cut decisions. (PC: India Today)
Brief by Shorts91NewsDesk / 07:20am on 08 Apr 2025,Tuesday Business
Chinese EV maker BYD has overtaken Tesla in global sales, challenging both Tesla and Detroit's Big Three automakers. Its success stems from cost-effective, vertically integrated production and innovations like fast charging and advanced driving tech. Though barred from the U.S. by tariffs, BYD’s low-cost EVs, some under $10,000, threaten U.S. automakers abroad. Trade tensions may further aid BYD's global rise, with expansion into Mexico, Brazil, and Southeast Asia and plans for a Mexican plant. While some doubt its fast-charging claims, BYD’s affordability and efficiency give it a strong competitive edge in the global EV market. (PC: Manufacturing Today, Forbes & The New York Times)
Brief by Shorts91NewsDesk / 04:42am on 08 Apr 2025,Tuesday Business
Global financial markets plunged into turmoil following U.S. President Donald Trump's aggressive tariff announcements, eroding over ₹13 lakh crore from Indian investors' wealth. The BSE Sensex dropped 2.95%, while the NSE Nifty fell 3.24%, marking significant declines. Asian markets also suffered, with Hong Kong's Hang Seng Index plummeting 13%, its worst since 1997, and Japan's Nikkei down 7.83%. European shares hit a 16-month low amid fears of a global recession. Analysts warn of continued volatility, though India's macroeconomic fundamentals remain stable. The U.S. administration remains steadfast on tariffs, with President Trump stating, "Sometimes you have to take medicine to fix something." (PC: Money Control & YouTube)
Brief by Shorts91NewsDesk / 04:37am on 08 Apr 2025,Tuesday Business
Google CEO Sundar Pichai sold approximately $5.15 million worth of Alphabet's Class C stock on April 2, 2025, under a pre-arranged Rule 10b5-1 Trading Plan adopted on December 2, 2024. The shares were sold at prices between $157.23 and $159.97 each. Following this transaction, Pichai retains direct ownership of 2,717,696 Class C shares, along with 227,560 shares of Class A Common Stock and 224,169 Class C Google Stock Units set to vest over time. Despite a roughly 20% decline in Alphabet's stock value year-to-date amid broader tech sector pressures, analysts remain optimistic about the company's future, citing its strong financial health and strategic investments in AI. (PC: BBC)
Brief by Shorts91 Newsdesk / 04:17am on 08 Apr 2025,Tuesday Business
A day after a steep fall triggered by Trump’s tariff announcement, Indian markets rebounded sharply on Tuesday. The S&P BSE Sensex surged 1,217.78 points to 74,355.68, while NSE Nifty50 rose 380.50 points to 22,542.10 by 9:35 am. Titan led the gains with a 5.3% rise, followed by Bajaj Finserv, Adani Ports, SBI, and Axis Bank. All 13 sectors traded in the green, and small-cap and mid-cap indices rose 2.6% and 2.2%. Only TCS slipped slightly by 0.27%. Analysts credited stable Indian macros and attractive largecap valuations for the rebound, with investor sentiment mirroring global recovery. (PC: India Today)
Brief by Shorts91 Newsdesk / 04:01am on 08 Apr 2025,Tuesday Business
India’s stock markets surged on Tuesday morning as the Sensex climbed 1,141.14 points to 74,279.04 and the Nifty rose 401.10 points to 22,562.70. This 1.56% and 1.81% jump respectively came after Monday’s nearly 3% drop. The recovery follows a partial rollback of US President Donald Trump's global tariff plan, sparing all nations except China for 90 days. While markets briefly recovered 3% globally, investor confidence dipped again as Trump’s administration clarified the move. Despite ongoing global volatility, Indian investors responded positively to early trade signals, driving a green start for both BSE and NSE indices. (PC: Reuters)