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Trump's port fees on Chinese ships threaten US maritime industry, say executives
Hearing on proposed USTR port fee to continue WednesdayProposed fee on Chinese vessels will hurt US vessel operators, dampen demand for U.S.-built shipsDemocratic lawmakers back port fees, call for swift actionU.S. exports, seaports and jobs at risk if fees take effectBy Lisa Baertlein and David Law...Reuters
Tue, Mar 25
Fed's Kugler: Uptick in goods inflation 'unhelpful'
March 25 (Reuters) - Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank's 2% target has slowed since last summer and the uptick in goods inflation seen in the lates...Reuters
Tue, Mar 25
Tesla's sales and market share in Europe drop again in February
Tesla's market share falls to 1.8%, down from 2.8% last year Tesla sold fewer than 17,000 cars in Europe in February, versus over 28,000 in February 2024Elon Musk's political controversies may have impacted Tesla's European salesOverall BEV sales in Europe rise despite Tesla's declin...Reuters
Tue, Mar 25
China's DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI
BEIJING, March 25 (Reuters) - Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic.The new model, DeepSeek-V3-0324, was made available through AI development platform HugginReuters
Tue, Mar 25
Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down
Trump imposes 25% tariff from April 2 on countries buying Venezuela oilOil futures jump nearly 1.5% on planned tariffChina is biggest consumer of Venezuelan oil Trump extends Chevron's wind-down period in Venezuela to May 27By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON March 24 (...Reuters
Tue, Mar 25
DeepSeek narrows China-US AI gap to three months, 01.AI founder Lee Kai-fu says
BEIJING/HONG KONG, March 25 (Reuters) - China has narrowed the AI development gap with the United States to just three months in some areas, because firms such as DeepSeek have worked out how to use chips and apply algorithms more efficiently, the CEO of Chinese startup 01.AI Lee Kai-fu said.Reuters
Tue, Mar 25
METALS-London copper edges up, firmer dollar checks gains
NEW DELHI, March 25 (Reuters) - Copper prices in London edged up on Tuesday as markets tracked the metal's movement to the U.S. amid potential tariff concerns, while a stronger dollar checked gains.The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) added 0.3% to $9,986 a ...Reuters
Tue, Mar 25
Alibaba says to restart hiring, sees signs of start of AI bubble in the US
Tsai said tech companies taking heart from meeting with Xi Alibaba's headcount declined for 12 quarters Says some data center announcements worrying, sees start of AI bubbleBy Kane Wu and Selena Li HONG KONG, March 25 (Reuters) - Alibaba Group 9988.HK Chairman Joe Tsai said on Tuesday the te...Reuters
Tue, Mar 25
U.S. Bank Branch Closures Surge: 145 Shuttered in 5 Weeks—Crisis or Digital Shift?
TradingKey – While Trump’s tariffs and recession fears dominate Wall Street headlines, a quieter trend is unfolding across the banking sector: a steady wave of branch closures at major institutions including Bank of America, Wells Fargo, and JPMorgan Chase.
TradingKey
Tue, Mar 25
US-Venezuela Secondary Tariffs vs. OPEC Output Hikes: Will Oil Prices Remain Trapped in a Downturn?
TradingKey – U.S. President Donald Trump’s announcement of secondary tariffs on Venezuela, a major holder of crude oil reserves, has heightened supply concerns and pushed oil prices up by more than 1%. However, prevailing market dynamics and renewed OPEC production increases may continue to cap...
TradingKey
Tue, Mar 25
Tesla's February market share in Europe drops despite EV pickup
March 25 (Reuters) - Tesla's TSLA.O market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second consecutive month despite rising overall EV registrations on the continent.Reuters
Tue, Mar 25
Has Uncertainty Peaked Over Trump’s Tariff Breaks? Analysts: Root Risks Remain
TradingKey – After repeatedly threatening broader tariff coverage and raise rates, reports that President Donald Trump may grant tariff exemptionsto numerous countries have abruptly shifted policy expectations and sparked a rally in U.S. equities. Still, analysts remain wary of Trump’s...
TradingKey
Tue, Mar 25
Japanese Yen slides to three-week low against USD; lacks follow-through selling
The Japanese Yen (JPY) drifts lower against its American counterpart for the fourth consecutive day, pushing the USD/JPY pair to the 151.00 neighborhood, or a three-week top during the Asian session on Tuesday.Fxstreet
Tue, Mar 25
Japan's Nikkei bounces as US tariff fears ease, yen softens
TOKYO, March 25 (Reuters) - Japan's Nikkei share average climbed more than 1% on Tuesday as indications that impending U.S. tariffs against trading partners may be more measured and targeted than previously feared injected fresh optimism into markets.Reuters
Tue, Mar 25
GLOBAL MARKETS-Asian stocks rise on easing tariff worries; dollar perks up
SINGAPORE, March 25 (Reuters) - Asian stocks rose on Tuesday, taking cues from the Wall Street, as the prospect of narrower-than-feared U.S. tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort.
US STOCKS-S&P 500 ends sharply higher, Nvidia and Tesla rally
March 24 (Reuters) - The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.Reuters
Tue, Mar 25