Articles in this Cluster
01-08-2025
The U.S. has updated its tariff rates ahead of the August 1 deadline under President Donald Trump's 'reciprocal' tariffs policy. The announcement was made without fanfare, contrasting with the April unveiling. The S&P 500 fell, but Microsoft's market cap rose above $4 trillion. Apple beat earnings expectations, while Amazon's gloomy guidance overshadowed its earnings. Novo Nordisk's stock plummeted after slashing its full-year guidance and appointing a new CEO. Global CEOs are rethinking their strategies due to the uncertainty surrounding tariffs.
Entities: Donald Trump, U.S., Microsoft, Apple, Amazon • Tone: neutral • Sentiment: negative • Intent: inform
01-08-2025
The euro zone inflation rate remained steady at 2% in July 2025, exceeding economists' expectations of 1.9%. The core inflation rate also stayed unchanged at 2.3%, while the services inflation rate eased to 3.1%. The data release is unlikely to prompt the European Central Bank (ECB) to resume its interest rate easing cycle soon, according to analysts. The inflation figures follow indications that the euro zone economy grew by 0.1% in the second quarter, showing resilience despite U.S. President Donald Trump's tariff policies.
Entities: Euro zone, European Central Bank (ECB), Reuters, Eurostat, Germany • Tone: neutral • Sentiment: negative • Intent: inform
01-08-2025
The article discusses how President Donald Trump's latest tariff announcements have caused concern on Wall Street, leading to a stock sell-off on Friday. The new tariffs, ranging from 10% to 41%, have raised the effective tariff rate to between 15% and 20%. While some economists remain optimistic that the consumer can absorb the impact, others warn of rising inflation and potential stagflation. The article highlights the uncertainty surrounding the economic outlook, with some predicting an increase in inflation in the coming months.
Entities: Donald Trump, Wall Street, U.S., Societe Generale, Wei Yao • Tone: neutral • Sentiment: negative • Intent: inform
01-08-2025
The S&P 500 index failed to break through the 6,400 level this week despite positive quarterly results from major companies like Microsoft and Apple. The index sold off significantly on Friday after President Donald Trump signed executive orders imposing tariffs on several countries and a weak July nonfarm payrolls report. Analysts attribute the market's inability to surpass 6,400 to a need for momentum consolidation, seasonal softness in August, and underlying weakness in small-caps and value stocks. Some predict further pressure on the S&P 500, with a potential downside of 5% to 5,900.
Entities: S&P 500, Microsoft, Apple, President Donald Trump, Wells Fargo • Tone: analytical • Sentiment: negative • Intent: analyze
01-08-2025
The stock market experienced a significant downturn on August 1, 2025, as investors reacted to a weaker-than-expected jobs report and President Donald Trump's updated tariff rates. The Dow Jones Industrial Average dropped 1.23%, the S&P 500 shed 1.60%, and the Nasdaq Composite dipped 2.24%. The July jobs report showed a significant slowdown in job growth, with nonfarm payrolls expanding by only 73,000, well below expectations. Bank stocks were sharply lower, and tech giants such as Amazon and Apple also saw significant declines. The market is now pricing in an 86% likelihood of a September rate cut by the Fed.
Entities: Donald Trump, Federal Reserve, Dow Jones Industrial Average, S&P 500, Nasdaq Composite • Tone: negative • Sentiment: negative • Intent: inform
01-08-2025
The stock market is experiencing a mixed day with S&P 500 futures slipping 0.16% as investors digest President Trump's modified tariff rates and await the July jobs report. Amazon shares fell 6% after weak operating income guidance, while Apple shares rose 2% following an earnings beat. The market is also reacting to the latest Big Tech earnings and the upcoming 'reciprocal' tariff deadline.
Entities: S&P 500, New York Stock Exchange, President Trump, Amazon, Apple • Tone: analytical • Sentiment: neutral • Intent: inform
01-08-2025
US President Donald Trump has issued an ultimatum to 17 major pharmaceutical companies, demanding they lower their drug prices to 'most favored nation' levels by September 29. The companies were told to provide the lower prices to all Medicaid patients, not offer better prices to other developed markets, and sell drugs directly to US patients. The announcement led to a decline in healthcare stocks, with shares of Novo Nordisk dropping 5% in early morning trade. While some pharmaceutical companies have expressed agreement with Trump's concerns about unfair pricing practices, the industry is also seeking clarity on potential industry-wide tariffs.
Entities: Donald Trump, US, Pharmaceutical companies, Medicaid, Most Favored Nation • Tone: neutral • Sentiment: negative • Intent: inform
01-08-2025
US trading partners around the world reacted to President Donald Trump's new tariffs with a mix of relief and disappointment. While some countries like Thailand and Cambodia welcomed the lower-than-expected tariff rates, others like Canada and Switzerland expressed disappointment and sought clarity or better terms. The tariffs, announced by Trump, will take effect on August 7 and do not cover China, which is currently in trade negotiations with the US.
Entities: Donald Trump, United States, Canada, Switzerland, Thailand • Tone: neutral • Sentiment: negative • Intent: inform
01-08-2025
Malaysia has agreed to a 19% tariff deal with US President Donald Trump's administration after intense negotiations, a rate considered a 'positive outcome' by Malaysia's trade ministry. The revised tariff rate applies to several Southeast Asian economies, including Cambodia, Thailand, Indonesia, and the Philippines.
Entities: Donald Trump, Malaysia, United States, Association of Southeast Asian Nations (Asean), Cambodia • Tone: neutral • Sentiment: positive • Intent: inform
