The color purple serves as a powerful symbol of the Federal Reserve’s commitment to neutrality and independence, especially in a politically polarized environment. Jerome Powell’s choice of a purple tie is a deliberate act to signify the Fed’s nonpartisanship, asserting its role as an economic, not political, entity. The Fed, under Powell, emphasizes decisions driven […]
Former President Donald Trump unveiled a new tariff policy, causing global market volatility. The “reciprocal tariffs” strategy mirrors half the rates of tariffs that other nations impose on U.S. goods, impacting economies like China and the European Union. The announcement triggered a market panic, erasing nearly $2 trillion from the S&P 500 futures’ market cap. […]
The announcement of President Trump’s tariffs caused a significant upheaval in global financial markets, leading to a $2.4 trillion loss in S&P 500 market value. The wealth of the 500 richest individuals fell by $208 billion, marking a historical decline in the Bloomberg Billionaires Index. Major companies and figures such as Mark Zuckerberg, Jeff Bezos, […]
Major tech companies like Apple, Nvidia, and TSMC are investing billions in the U.S., highlighting a shift towards domestic expansion despite market volatility. Apple plans to invest $500 billion over four years, creating 20,000 jobs and establishing a new manufacturing facility in the U.S. Oracle and SoftBank’s ‘Stargate’ AI project aims to generate over 100,000 […]
Xiaomi, Xpeng, and Leapmotor showcased strong growth in March, each delivering around or over 30,000 electric vehicles. Xiaomi’s delivery milestone of over 29,000 units was shadowed by an accident involving its SU7 model in autopilot mode. Xpeng achieved a 268% year-over-year delivery increase, solidifying its position with the Mona M03 model’s success. Leapmotor expanded its […]