Author: Fiona Craig
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Dow Jones Drops More Than 500 Points After US Hits Key Trading Partners With Tariffs
U.S. stocks started February lower after President Donald Trump imposed tariffs on several key U.S. trading partners, raising fears that a full-blown trade war would disrupt global supply chains, reignite inflation and slow the economy. The Dow Jones (DOWI:DJI) opened Monday’s trading session down more than 500 points (-1.20%) at the opening bell. The S&P…
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Oil Prices Up Following Trump’s Tariffs Announcement
Crude oil prices have started the week up, with Brent Crude trading at $76.16 per barrel, up 1.2%, and West Texas Intermediate 2% up at $73.75 per barrel. This follows two consecutive weeks of losses. The rise follows President Trump’s announcement of tariffs on imports from Canada and Mexico. In the short term the tariffs…
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U.S. Futures Tumble As Trump’s Tariffs Raise Fears Of Trade War
U.S. stock futures tumbled on Monday morning as the impact on the global economy of President Trump’s steep tariffs on Canada, Mexico, and China jolted markets around the world. Dow futures (DOWI:DJI) are down 1.4%, S&P 500 down 1.55% and Nasdaq down 1.86%. The President imposed the new tariffs of 25% on imports from Canada…
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Bitcoin Crashes Following Trump’s Tariffs, Ethereum And Other Cryptos Follow
Bitcoin (COIN:BTCUSD) crashed on Monday morning as a wave of selling swept through the cryptocurrency market. It fell 10% to $91,695.8 before rebounding slightly to $95,137.6. This steep drop came after President Trump announced he was imposing trade tariffs on China, Canada, and Mexico. This sparked fears of a trade war which sent the markets…
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Nvida Stock Plunges Into The Red: $600 Billion Lost On DeepSeek Announcement
Shares in chip manufacturer Nvidia (NASDAQ:NVDA) fell by 17% on Monday, its worst daily percentage loss since the start of the Covid pandemic in March 2020 briefly crashed the markets. It was the single greatest one-day value wipeout any company has ever suffered. The previous record of $279 in September 2024 was also held by…
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It’s Altcoin Season: Solana Boosted By Meme Coin Frenzy
While Bitcoin soars to new heights, altcoins have benefited from the increased interest in cryptocurrency. The Solana token (COIN:SOLUSD) has seen a spike in volume this week, as it has captured the interest of crypto traders. The token was $160 on 4 November, and now it’s $232 – a rise of 45% in a month.…
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Bitcoin Crashes Through The $100,000 Barrier
Bitcoin’s (COIN:BTCUSD) price rose over $100,000 for the first time as its recent bull run continued. The cryptocurrency has been boosted by Donald Trump’s victory in the recent U.S. election. It is currently at $102,717. Trump supports cryptocurrency, and he has pledged to make the U.S. “the crypto capital of the planet.” Crypto enthusiasts have…
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Dogecoin Price Zooms On Election Result
The “Trump Bump” which has seen Bitcoin and other cryptocurrencies soar following the U.S. presidential election has been apparent in the world of memecoins, which are displaying market exuberance. Memecoins have no utility in the real world, and are entirely driven by sentiment. They are currently delivering enormous returns. One cryptocurrency which has benefited from…
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Bitcoin All-Time High – Cryptocurrency Races Past $81,500
Bitcoin’s (COIN:BTCUSD) price has risen above $80,000 for the first time, buoyed by the result of last week’s U.S. election which saw a decisive victory for Donald Trump. Other cryptocurrencies have also risen, including dogecoin (COIN:DOGEUSD) which Trump supporter Elon Musk has promoted. Trump is pro-cryptocurrency, and while on the campaign trail he promised to…
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Crude Oil Futures Surge On Tensions In Middle East
Yesterday’s rocket attack by Iran on Israel has added to tensions in the Middle East, and this has driven oil prices sharply higher. There are fears to potential disruptions to supply, and crude oil futures are surging $2.04 to $71.87 a barrel after jumping $1.66 to $69.83 a barrel on Tuesday. The global oil market…