The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market expectations of 58, according to preliminary estimates. This marked the second consecutive monthly decrease, pushing sentiment to its lowest level since May. The current conditions index deteriorated to 61.2 from 61.7 and the expectations gauge fell to 51.8 from 55.9. Meanwhile, year-ahead inflation expectations held steady at 4.8% while the five-year expectations moved up for the second straight month to 3.9% from 3.5%. Source : Trading Economics
Donald Trump said he would impose a 100% tariff on semiconductor imports, though it would exempt companies that move production back to the United States, as Apple Inc. CEO Tim Cook and the president announced a $100 billion new investment plan from the Oval Office. "We're going to have a very large tariff on chips and semiconductors, but the good news for companies like Apple is, if you're building in the United States, or have committed to building, without question, committed to building in the United States, there will be no cost," Trump told reporters. "So in other words, we're going...
The United States will impose a tariff of about 100% on semiconductor chips imported into the country, President Donald Trump said on Wednesday. Trump told reporters in the Oval Office that the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the United States. "So 100% tariff on all chips and semiconductors coming into the United States. But if you've made a commitment to build (in the U.S.), or if you're in the process of building (in the U.S.), as many are, there is...
President Donald Trump is open to meeting Vladimir Putin as soon as next week, a White House official said on Wednesday, as the U.S. maintained plans to impose secondary sanctions on Friday in an effort to pressure Moscow to end the war in Ukraine. The New York Times (NYSE:NYT) reported that Trump would hold a trilateral meeting with Putin and Ukrainian President Volodymyr Zelenskiy after meeting with the Russian leader. The report said the plans were disclosed to European leaders, including Zelenskiy, on Wednesday. "The Russians expressed their desire to meet with President Trump, and...
India is struggling to cope with the economic fallout from President Donald Trump's tariff threats, which have left officials in New Delhi shocked, disappointed, and unsure how to respond. Trump's harsh language, calling India's economy "dead," its tariff barriers "obnoxious," and its people indifferent to the plight of the Ukrainian people, was like a slap in the face, according to an official in New Delhi, who asked not to be named because the discussions were private. Officials don't have a pattern for dealing with this kind of public attack, the person said, adding that the latest...
President Donald Trump said on Tuesday that the US and China are "very close" to extending their trade truce, which has curbed tariff escalation and eased restrictions on rare earth metals and technology exports. Trump added that he would meet with Chinese President Xi Jinping before the end of the year if a deal is reached. The current truce is set to expire on August 12. Last week, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held talks in Stockholm, the third round in less than three months. Without a deal, global supply chains are likely to face renewed...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...