Fed Governor Jeffrey Schmid challenges the transitory inflation narrative, warning that tariffs may embed lasting price pressures. His remarks signal rising concern and a potential shift in the Federal Reserve’s stance on inflation risks.
Larry Summers countered claims of China cheating on trade, comparing it to institutions offering free tuition. Entrepreneur Arnaud Bertrand praised Summers' remarks.
European Commission President Ursula von der Leyen warned that Meta, Google, and other U.S. tech giants could face new EU digital advertising tariffs if trade talks with President Trump fail, as the bloc prepares retaliatory measures amid escalating transatlantic tensions.
Mitsubishi Shokuhin Co Ltd (MSHXF) is a food and beverage business. Mitsubishi Shokuhin’s price grew about 26% in the past year from $26.91 to $34.01 as of Thursday’s market close.
After Trump’s 90-day tariff pause, the S&P 500 jumped over 9.5%—its biggest rally since 2008—while the gold-to-silver ratio hit a rare 100:1, a milestone seen only three times in the past century.
Amazon CEO Andy Jassy warned that Trump's new China tariffs could drive up prices for consumers as third-party sellers pass on costs, while the company works to limit price hikes amid a 17.71% year-to-date stock decline.
Renowned macroeconomic expert Nouriel Roubini, also referred to as 'Dr. Doom' or 'permabear,' a moniker he earned by correctly predicting the 2008 financial crisis, has a bullish outlook on the U.S. and global economy, defying several Wall Street forecasts in recent weeks.
The rollout follows a pilot program with Wolt, DoorDash’s international arm, in Helsinki, Finland, where Coco robots have been making deliveries since early this year.
