Joseph Nordqvist

Cancún, United Kingdom

Founder and Editor at Market Business News

I do digital media stuff. Happily married. @mbn_business owner.

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Articles

Trump's Latest Tariff Focus

1 week ago | marketbusinessnews.com | Joseph Nordqvist

President Trump’s latest round of tariff announcements have shaken markets again. First, he paused duties on certain consumer electronics. Now he’s shifting his focus to pharmaceuticals and semiconductors – even if they’re embedded in imported goods like toys, cars, and electronics. Trump confirmed on Monday that fresh tariffs are being drawn up for semiconductors and drug imports. “We don’t make our own drugs anymore,” Trump told reporters.
US Pulls Back Tariffs on Phones, Laptops, and Other Electronics

1 week ago | marketbusinessnews.com | Joseph Nordqvist

Relief for tech giants. But the story isn’t over. The Trump administration has exempted smartphones, computers, and a range of other electronics from its harshest tariffs on Chinese goods. The decision, quietly posted by US Customs and Border Protection on Friday, is retroactive to April 5. The exemptions (on these electronics) removed the latest 125% layer of tariffs on China. But earlier tariffs, like the 20% fentanyl-related duty, still apply.
Wall Street Rallies But Markets Are Still Shaking

1 week ago | marketbusinessnews.com | Joseph Nordqvist

It’s the end of what can only be called an incredibly tumultuous week for markets (not just in the US, but worldwide). The S&P 500 ended the day up 1.8%. The Nasdaq jumped 2%. The Dow gained 1.6%. After days of erratic swings, the closing bell brought a sense of relief. S&P 500 +1.8% End of Day – April 11, 2025 Nasdaq +2.0% End of Day – April 11, 2025 Dow +1.6% End of Day – April 11, 2025 But that rally didn’t erase the bruises.
US Consumer Sentiment Sinks to Near Record Low

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

Consumer confidence in the United States has dropped sharply, again. The University of Michigan’s preliminary April reading places the Index of Consumer Sentiment at 50.8, which is a reading not seen since the darkest months of the COVID-19 pandemic and the second-lowest point recorded since the index began in 1952.
ChatGPT Can Now Remember All Your Past Chats

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

OpenAI has just introduced a long-awaited upgrade to ChatGPT’s memory. As of now, the LLM can reference all your past chats. Previously, you could tell ChatGPT to “remember” certain facts or preferences (for example, through custom instructions or a manage memory tool). Now, however, ChatGPT will automatically draw on all your past chats to inform its responses, in addition to any specific memories you saved manually. The goal is to make conversations with ChatGPT feel more natural and tailored.
US Inflation Cooled in March, but Will It Last?

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

US inflation cooled in March, offering consumers brief relief as gasoline and used vehicle prices fell. However, that current trend may reverse as steep tariffs on imported goods take effect. Core inflation, which excludes food and energy, rose by 0.1% for the month and 2.8% over the year. That’s the slowest annual increase in core prices since March 2021. However, with new import tariffs set to soon kick in, there’s growing concern that prices could increase again soon.
Anthropic Takes on ChatGPT with $200 "Claude Max" Plan

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

Anthropic has unveiled a premium subscription tier for its Claude chatbot, taking a bigger swing at OpenAI with pricing that reaches as high as $200 a month. The new plan, called “Max”, is tailored for users who rely on Claude so heavily that the existing limits (caps on queries) were simply getting in the way of productivity. There are two Claude Max tiers: one at $100 a month for five times the usage of the Pro plan, and another at $200 offering 20 times the usage.
Trump Freezes Global Tariffs - Except China, Which Faces 125% Hit

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

In a move that caught even his own trade team off guard, President Donald Trump has announced a 90-day pause on higher tariffs for most countries… but with one major exception. China, long the focal point of his trade grievances, now faces a staggering 125% tariff on its exports to the United States, effective immediately. The rest of the world? A flat 10%. Markets surged with the kind of urgency you’d expect from someone gasping for air.
Most Americans Expect Prices to Rise Under New Tariffs

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

A recent Reuters/Ipsos poll conducted April 4–6 reveals that most Americans are aware of the new tariffs announced by President Donald Trump and expect them to raise consumer prices. The survey included responses from 1,027 adults across party lines. The announcement of a 10% baseline tariff on nearly all imported goods has reached most of the public.
Trump's 50% Tariff Threat Escalates US-China Trade Standoff

2 weeks ago | marketbusinessnews.com | Joseph Nordqvist

US President Donald Trump has threatened to slap an additional 50% tariff on Chinese goods. The warning by Trump, made on social media, comes after China announced retaliatory tariffs of 34% on US goods. He has demanded China remove its retaliatory tariffs by April 8. Failing that, he said he would raise US tariff rates further on April 9.