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Trump Threatens EU With 50% Tariffs on All Goods - Apple in Crosshairs Too

1 month ago | marketbusinessnews.com | Christian Nordqvist

🇺🇸 Trump on Social Media: “Our discussions with them are going nowhere! … a straight 50% tariff on the European Union, starting on June 1, 2025.”The President of the United States, Donald Trump, claims that he is considering slapping a 50% tariff on all imports from the European Union (EU). The new tariff would come into force on June 1st, he explained.
Trump threatens EU with 50% tariffs on all goods - Apple in crosshairs too

1 month ago | marketbusinessnews.com | Christian Nordqvist

🇺🇸 US President Trump on Social Media: “Our discussions with them are going nowhere! … a straight 50% tariff on the European Union, starting on June 1, 2025.”The President of the United States, Donald Trump, claims that he is considering slapping a 50% tariff on all imports from the European Union (EU). The new tariff would come into force on June 1st, he explained.
OpenAI’s Acquisition of Jony Ive’s io: Implications and Vision

1 month ago | marketbusinessnews.com | Joseph Nordqvist

OpenAI is acquiring Jony Ive’s device startup, a young company called io, in an all-stock deal valued at roughly $6.5 billion, marking OpenAI’s largest-ever acquisition. The hardware startup io was co-founded just last year by Jony Ive, Apple’s famed former design chief known for iconic products like the iMac, iPod, iPhone and Apple Watch.
Blackstone Makes $11.5 Billion Bet on the Southwest Power Grid

1 month ago | marketbusinessnews.com | Joseph Nordqvist

Blackstone Infrastructure has agreed to take TXNM Energy private for $61.25 a share in cash, valuing the New Mexico- and Texas-based utility at roughly $11.5 billion including debt. The price represents about a 15% premium to TXNM’s recent closing and ends the company’s decades long run on the New York Stock Exchange. Surging demand: TXNM’s two regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power, supply electricity to about 800,000 homes and businesses.
Suadi Arabia Strikes Massive Deals With NVIDIA and AWS in AI

1 month ago | marketbusinessnews.com | Joseph Nordqvist

Saudi Arabia is pouring oil revenues into artificial intelligence, striking headline deals with NVIDIA and Amazon Web Services that together exceed $10 billion and aim to vault the Kingdom into the top tier of AI nations. At the center of the push is HUMAIN, a new state-backed company (also detailed by AWS), charged with delivering Crown Prince Mohammed bin Salman’s Vision 2030 promise of a diversified, knowledge-based economy.
First Easing of The 2025 US-China Trade War

1 month ago | marketbusinessnews.com | Joseph Nordqvist

After a long weekend of marathon talks in Geneva, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer stood beside China’s vice-premier He Lifeng to unveil the first substantive easing of the 2025 US-China trade war. 90-day pause. All new tariff moves are frozen until mid-August. Scope. The deal applies across virtually the entire $600 billion flow of two-way trade that has been stalled since January’s tariff escalation. Progress.
Warren Buffett Plans to Retire This Year

1 month ago | marketbusinessnews.com | Christian Nordqvist

Warren Buffett, one of the worlds most successful investors and also among the ten richest people in the world, says he plans to retire by the end of 2025. He added that he would like to see Greg Abel as the new Chief Executive Office (CEO) of Berkshire Hathaway.
Trump's Latest Tariff Focus

2 months 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

2 months 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

2 months 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.