President Donald Trump’s sweeping tariffs could lead to a deep recession and higher inflation in the US economy. Economists warn that imposing a 20% average tariff on imports would have severe consequences, comparable to the heavy import duties imposed in the 1930s that contributed to the Great Depression. Mark Zandi, chief economist of Moody’s Analytics, … Read more
President Donald Trump announced a new round of tariffs on Wednesday, sparking skepticism among some Republican lawmakers from Pennsylvania. U.S. Rep. Mike Kelly, a solid Trump ally who led the congressional task force investigating the assassination attempt against presidential candidate in his hometown, expressed uncertainty about how auto tariffs might work. Kelly said the supply … Read more
US tech and retail stocks led a sharp decline on Friday after a surprise tariff hike by the Trump administration. The tariffs, imposed on Chinese goods, are expected to affect major US retailers and technology firms. The impact of the tariffs will be felt globally, with potential harm to supply chains and profit margins for … Read more
The US has imposed a 25% tariff on imported vehicles and auto parts, sparking concerns over the impact on new car prices. President Trump claims this move will spur investments in U.S. factories and create jobs, but analysts argue that consumers will bear the brunt of higher costs. Starting May 3, the duty applies to … Read more
Astronauts on board a SpaceX rocket are set to embark on a historic mission to reach unprecedented latitudes in orbit. The Fram2 mission aims to loop around the Earth, traveling perpendicular to its equator and reaching areas never before explored by humans in space. This marks a significant milestone, as previous crewed missions were limited … Read more
The eighth and final episode of HBO’s “White Lotus” third season is set to air, marking the longest episode of the series yet. Spanning nearly 90 minutes, the finale will tie up several loose ends left over from previous episodes. Key questions include who fired the gunshots at the beginning of the series, whose body … Read more
Tesla’s involvement in right-wing politics has led to a decline in deliveries, including a 13% drop in the first quarter. The company’s sales have been on a downward trend globally, with nearly 337,000 cars delivered during the quarter, down from 387,000 in the same period last year. In Norway, Tesla’s biggest market, sales have declined … Read more
US President Donald Trump announced sweeping tariffs on Wednesday, targeting economic superpowers but also small financial minnows, including territories with no economy or people at all. The White House list includes Australia’s Heard Island and McDonald Islands, Cocos Islands, Jan Mayen, Tokelau, Saint Pierre and Miquelon, Lesotho, British Indian Ocean Territory, Marshall Islands, and others. … Read more
Finland plans to leave a global convention banning anti-personnel landmines, citing growing concerns about Russian military threats, amid a push to boost defense spending. The move could allow Finland to stockpile landmines again and prepare for potential future conflicts. The decision comes as NATO member countries strengthen their defenses in response to Russia’s evolving military … Read more
Elon Musk’s government stint has reached its end, with investors and experts alike expressing relief as his role as Trump’s special advisor is expected to wrap up in late May or June. The past 24 hours have seen a series of setbacks for the world’s richest person. A $20 million losing bet on a pro-Trump … Read more