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On October 29, 2024, a general look at the Cologne factory headquarters, Germany, when Ig Metall Working Union calls for a one-day strike, starting at midnight for better collective payment for workers.
Ying Tang | Nurphoto | Gets the image
US President Donald Trump has paused for automakers that fit a trilateral trade transaction between the US, Canada and Mexico. The White House also signaled that Trump is “open” for more release from tariffs.
Stock in the US has grown to help, helping to challenge some sales on Tuesday caused by the official inauguration of tariffs. The relief, however, may be temporary. Wall -Rate is already pricing for lower income from the wind related to the Trump administration. Meanwhile, in February, private companies added much less job than expected, believing in the corporate world because of economic uncertainty.
But US trade secretary Howard Lutnit said nothing is related to Trump. “You look at Data Biden,” Bloomberg said in an interview with Bloomberg, saying that former President Joe Biden left Trump’s navel.
Automers give relief so far
US President Trump has given automakers a one -month exception with its 25% tariffs In Canada and Mexico, as well as its mutual tariffs, which come into force on April 2, US press -secretary Caroline Levita stated on Wednesday on behalf of Trump. The same day Canada demanded consultations with the US In the World Trade Organization over “unjustified tariffs,” Ambassador Canada said to the WTO. Read the latest developments on Trump tariffs there.
According to profit estimates
A The kingdom around the tariffs scatterwrote Bob Pisani CNBC. The stock market starts the price in less profit from -wit “everything, from tariffs to slowing up inflation, doctors and budget problems,” said Mark Chandler of Bannockburn Forex. Probably, analysts are characterized by reducing profits in the first part of the quarter. But the numbers descend faster than usual, writes writing.
Markets bounce
US markets bounced on Wednesday Once Trump said he was open for more concessions for tariffs. A S&P 500 grew by 1.12% Dow Jones Industrial Medium rose by 1.14% and Nasdaq Composite Council is 1.46%. Pan -European Stoxx 600 The index added 0.91%. A The DAX index jumped 3.38% on the back Strong speeches of German shares And news about the potential coalition government in the country is planning to increase financial costs.
Completion of work in private companies slowly
Private companies added only 77,000 new workers In February, 186,000 in January and below 148,000 consensus estimates Dow Jones, according to seasonally adjusted ADP figures. The total number was the slightest increase since July and comes at a time when the worries revolve about slowing economic growth and inflation caused by tariffs.
US Secretary’s Secretary blame Biden
US Trade Secretary Howard Lutno claimed Wednesday that former President Joe Biden – not his Trump chief is guilty of a recent negative economic data and immersion in stock Prices. “The president told this last night,” Lutnik said in an interview with Bloomberg television. “He said Biden left him a bunch of coco“Last year’s economy increased by 2.8%and the inflation rate in December was 2.9%.
(Pro) Investors return to bonds
Bonds in this tumultuous period increase in popularity. On Wednesday, 10-year-old Treasury U.S. He wrapped about 4.2%after 4.8%in mid -January. Bond prices move on the contrary, to the exit, that is, they went recently, while S&P decreased by more than 1% per year. These are some reasons Why are investors turning to bonds.
Markus Söder (LR), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, Candata for CDU/CSU, Chairman of the CDU/CSU Parliamentary Group and Federal Chairman of the Cdu, Lars Klingbeil, Chairman of the SPD Parliamentary Group and Federal Chairman of the SPD, and Saskia Esken, Party ChairWoman of the SPD, conduct a pre -conference between CDU/CSU and SPD.
Kay Nietfeld/Dpa | Drawing alliance Gets the image
On Tuesday, German Chancellor Friedrich Merz and other political leaders have announced plans to reform a long -standing fiscal pillar known as the debt brake Germany specifically to provide higher defense costs. They also discovered a new special fund of 500 billion euros ($ 535 billion) for infrastructure.
“Big, bold, unexpected – Changing games for the worldview,” Bank of America’s bank economists and analysts said on Wednesday, adding that the package “meaningfully” changed the forecast for the German economy.
Markets can expect that economic incentives and German growth estimates can be increased thanks to the planned special investment resources, Florian Shuster-Johnson’s “Street Signs” told “street signs” on Wednesday.