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Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

July 10, 2025, 3:00 pm EDT
Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

May 21, 2025, 11:40 am EDT
US-Japan Tariff Negotiations Reach an Impasse as US Refuses to Fully Lift Tariffs to Pressure Japan

US-Japan Tariff Negotiations Reach an Impasse as US Refuses to Fully Lift Tariffs to Pressure Japan

May 13, 2025, 4:09 pm EDT
Berkshire Hathaway Under Buffett: Capital Strength and Uncertain Future Horizons

Berkshire Hathaway Under Buffett: Capital Strength and Uncertain Future Horizons

May 21, 2025, 11:57 am EDT
Canada Launches Largest - scale Economic Reform since WWII

Canada Launches Largest - scale Economic Reform since WWII

May 13, 2025, 3:18 pm EDT
More in BUSINESS
Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple has solidified its position as the world’s first tech giant to surpass a $3 trillion market cap, buoyed by the enduring popularity of its iPhone, Mac, and expanding services ecosystem. Despite a slowdown in hardware sales in 2023, the company’s software services revenue surged 12% year - over - year, now accounting for 25% of total earnings.

New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

New Zealand’s benchmark S&P/NZX 50 index dropped 0.7% to 12,769 on Wednesday, pulling back from a seven-week high hit the previous day, after the Reserve Bank paused its rate-cutting cycle. The central bank kept the cash rate at 3.25% as expected, citing concerns that current inflation and global trade tensions could fuel price pressures. It had cut rates six times since August 2023, totaling 225 basis points, but signaled further cuts may come if inflation eases as projected in May.

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada is pushing faster trade diversification to fend off U.S. tariff impacts: its U.S. export share dropped 10 percentage points to 68% between May 2024 and May 2025, with auto parts and steel hit hardest. Over the period, U.S.-bound exports fell C$7.7 billion (-15%), while gains to the UK, EU, and Asia-Pacific (C$5.7 billion, +42%) failed to offset the gap.

US-Japan Tariff Negotiations Reach an Impasse as US Refuses to Fully Lift Tariffs to Pressure Japan

US-Japan Tariff Negotiations Reach an Impasse as US Refuses to Fully Lift Tariffs to Pressure Japan

The tariff dispute between the United States and Japan has been escalating. Negotiation details revealed on May 6 show that the US side has firmly refused to cancel the 14% punitive tariffs and the 10% base tariff imposed on Japan by the Trump administration.

Canada's June Ivey PMI Rises to 4-Month High; Rental Market Cools Unevenly

Canada's June Ivey PMI Rises to 4-Month High; Rental Market Cools Unevenly

Canada’s Ivey PMI climbed to 53.3 in June, a four-month high, signaling accelerating economic activity. However, underlying concerns emerged: the employment sub-index dipped below 50 (49.5), while the price index surged to 70.2, highlighting mounting inflation pressures.

Canada Launches Largest - scale Economic Reform since WWII

Canada Launches Largest - scale Economic Reform since WWII

Canada's Prime Minister Carney has announced the launch of the largest - scale economic transformation since World War II. The core measures include tax cuts for the middle class starting from July (a two - income family can save 825 Canadian dollars annually), the removal of internal trade barriers within the federation, reducing the proportion of temporary workers and international students to less than 5% by 2027

Plummeting International Student Numbers in Australia Raise Labor Shortage Fears; RBA Rate Cut Imminent

Plummeting International Student Numbers in Australia Raise Labor Shortage Fears; RBA Rate Cut Imminent

Australia is grappling with a sharp decline in international students, triggering concerns over labor market gaps. As of April 2025, the total number of international students dropped to 794,000, a decrease of 300,000 from the end of 2024. New enrollments plummeted 13% year-on-year to 219,000, while visa applications fell by over 30%. This is largely attributed to successive policy tightenings: visa fees were hiked twice in a year (from A$710 to A$1,600, then to A$2,000); English proficiency and financial proof requirements were raised

Saudi Aramco's 2023 H1 Profit Soars to $88B Amid Oil Price Volatility

Saudi Aramco's 2023 H1 Profit Soars to $88B Amid Oil Price Volatility

Saudi Aramco, the world's largest oil company, reported a net profit of $88 billion in the first half of 2023, significantly influenced by oil price fluctuations. The company's substantial earnings are a boon for Saudi Arabia's economy, as it continues to be a major player in the global energy market.

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Australia’s stock market fell across the board on July 9, with the S&P/ASX 200 dropping 0.61% to 8,538.6 points. Markets reeled after Trump announced plans to impose 50% tariffs on imported copper (effective as early as late July) and 200% on pharmaceuticals, triggering a 13.1% daily surge in copper prices—their biggest jump since 1989.

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

U.S. stocks rallied broadly on Wednesday, July 10, with the tech-heavy Nasdaq hitting a record high. The surge followed the Federal Reserve’s meeting minutes reinforcing expectations of rate cuts this year and Nvidia’s brief ascent to a $4 trillion market valuation.

Australian Stocks Surge 0.92% to Top 8000, with Uranium Shares Leading the Way

Australian Stocks Surge 0.92% to Top 8000, with Uranium Shares Leading the Way

On April 29, the S&P/ASX 200 index in Australia witnessed a significant upswing. It climbed 73.5 points, or 0.92%, to close at 8070.6 points, hitting a new eight - week high. The market sentiment received a boost from the 利好 news of the United States reducing tariffs on auto parts.

Amazon's Dual-Powered Growth: Navigating Challenges and Eyeing New Horizons

Amazon's Dual-Powered Growth: Navigating Challenges and Eyeing New Horizons

Amazon continues to thrive on the twin engines of its e-commerce empire and Amazon Web Services (AWS), with AWS's revenue share climbing to 30% in 2023 while contributing over 60% of the company's profits. This cloud - computing dominance bolsters Amazon's financial strength, even as it confronts intensifying competition from budget - friendly e-commerce rivals like Temu and Shein.

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

Germany’s industrial orders fell unexpectedly by 1.4% month-on-month in May, far exceeding the market’s projected 0.1% decline and ending a three-month recovery streak. Weak domestic demand emerged as the primary drag: domestic orders plummeted 7.8%, with the computer and electronics sector crashing 17.7%, while electrical equipment and basic metals industries also contracted.

Japan Clarifies on US Debt and Participates in 10+3 Finance Meeting

Japan Clarifies on US Debt and Participates in 10+3 Finance Meeting

On May 5th, Japanese Finance Minister Katsunobu Kato clarified in Milan, Italy, that Japan will not use the sale of its $1.3 trillion in US Treasuries as a bargaining chip in US trade negotiations, retracting his previous controversial remarks.

New Zealand Household Savings Deteriorate Further; Housing Market Shows Uneven Recovery

New Zealand Household Savings Deteriorate Further; Housing Market Shows Uneven Recovery

New Zealand’s household savings situation continued to worsen in the first quarter of 2025, with Statistics New Zealand data showing savings falling to -NZ$1.6 billion (a NZ$392 million quarterly decline), marking the third consecutive quarter of negative savings. This was driven by household spending growth (+2.2% to NZ$62.2 billion) outpacing disposable income gains (+1.5% to NZ$60.6 billion).

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