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The massive 50% tariffs that were set to hit EU imports have been paused after President Donald Trump agreed to delay his threat until July 9. This latest Trump tariff threat was supposed to devastate European exports starting June 1, but following what European Commission President Ursula von der Leyen described as a “very nice call” with Trump on Sunday, the deadline has been extended. The move also prevents immediate market volatility and gives both sides crucial time to hammer out a deal. Right now, the situation where 50% tariffs paused EU negotiations offers some hope for avoiding what could have been a devastating trade war between two economic superpowers. Also Read: De-dollarization: Trump’s 10% Tariffs Fuel Fragile US Dollar Future in Asia 50% Tariffs Paused EU Sparks Market Volatility And Regulatory Uncertainty Source: Reuters Diplomatic Breakthrough Prevents Immediate Escalation The breakthrough that led to 50% tariffs paused EU came through some pretty intense d...

Bitcoin vaulted above $88,500 today, its highest level since November, outshining a sharp sell‑off in equities that analysts blamed on deepening trade frictions and renewed political pressure on the US Federal Reserve. By 11:45 GMT, the world’s largest cryptocurrency was changing hands at $88,670, up almost 4 per cent on the day and more than 10 per cent since the start of the month. Price breaches a new threshold Market data compiled by Cointelegraph showed Bitcoin matching month‑to‑date highs in early London trading before extending gains during the Wall Street open. The rally took the token closer to last year’s record of $90,000 and extended its outperformance against the wider CoinDesk 20 index, which was broadly flat. Analysts pointed to thin order‑book resistance above $88,000 and a pick‑up in inflows to US spot Bitcoin exchange‑traded funds after several weeks of outflows. $88,011.60 — Bitcoin (@Bitcoin) April 22, 2025 While digital‑asset trader...

Throughout the first three months of the year, the US stock market has seen increased struggles. However, there are signs that a turnaround is coming, which could benefit a host of mega-cap stocks. Among them is Amazon (AMZN), which could see Prime send shares soaring in 2025. The company has emerged as a top pick for traders, with the market looking like it may bounce back in the short term. Although there is still no shortage of macroeconomic factors holding prices at bay, the e-commerce juggernaut has some enticing avenues of future gains for a fledging market. Source: Reuters Also Read: Amazon Tells Consumers to Expect Prices to Rise Due to Tariffs Amazon to Soar in 2025? Why Experts Are Eyeing Notable Prime Impact Monday brought what looked like more of the same for Amazon shares. The stock dropped another 1.6% despite the United States announcing certain tariff exemptions. However, it has embraced a slight turnaround, jumping 3.6% over the last five days to trade at the $181 leve...

The latest data from Reuters shows that the US dollar fell against eight out of nine leading currencies in 2025. While leading currencies weakened after Trump won the election in November, things took a U-turn after he was sworn in this January. Trump repeatedly threatened BRICS and other countries with trade consequences through tariffs if they ditch the US dollar. Also Read: BRICS: Analyst Reveals If the US Dollar Can Maintain Its Dominance The US dollar dipped against all major currencies this year but only outperformed the Canadian dollar by a small margin of 0.1%. While the BRICS alliance could not topple the US dollar, the greenback is now damaging itself from within through tariffs. Below is the list of leading currencies that the US dollar has dipped in 2025: Swedish crown -8.6% Norwegian crown -6.5% Japanese yen -6.2% Euro -5.7% British pound -3.6% Swiss franc -2.6% New Zealand dollar -2.44% Australian dollar -2.03% Also Read: BRICS: New Country Plans to Reduce 25% of Trade Wi...

The cryptocurrency market is facing one of its most significant corrections of the last few months. Bitcoin (BTC) has fallen to the $86,000 price level. The global crypto market cap has dipped 3.9% in the last 24 hours to $2.98 trillion. VeChain (VET) has also experienced a significant price dip in the market-wide correction. Also Read: Trump’s 25% EU Tariffs Cause Bitcoin to Tumble—How Will Crypto React? Source: CoinGecko VeChain Suffers Amid Market-Wide Chaos Source: Moneycontrol.com VET’s price is down 9.9% in the weekly charts, 14.8% in the 14-day charts, 35.4% in the monthly charts, and 40.2% over the previous year. Despite the big losses, the asset has gained 0.9% in the daily charts. The latest market rally follows the US administration’s decision to go ahead with its tariffs against Canada and Mexico. The tariffs aim to combat trade deficits and illegal border crossings. VET and other crypto assets have likely suffered from the negative impact the tariffs have had on...

Throughout the first two months of the year, few companies have had as hard a time on Wall Street as Elon Musk’s EV manufactured. However, Tesla (TSLA) may be preparing to unleash a potential $10 trillion business that could have the company’s value soaring. The last several weeks have seen the company report its automobile sales have taken a dip. Moreover, it is facing increased pressure from geopolitical tension, driving increased tariffs from US President Donald Trump. However, the most promising aspect of its ongoing growth trajectory may have nothing to do with cars after all. Source: Investopedia Also Read: Elon Musk Says Tesla (TSLA) Will Pass 5 Largest Companies: Here’s Why Tesla Eyeing $10 Trillion Business as Stock Bets on Big Turnaround In early December of last year, Tesla shares had reached an all-time high price. With Elon Musk joining Donald Trump on the campaign trail, a position in the incoming government was all but assured. That pushed the EV company to re...