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First Easing of The 2025 US-China Trade War

5 days 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 week 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

1 month 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 month 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 month 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

1 month 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

1 month 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?

1 month 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

1 month 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

1 month 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.