Browsing: Business

Nvidia shares fall 9% as new tariffs take effect, erasing $265 billion in value and shaking investor confidence in the AI chipmaker.

U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong.

Apple Watch shipments in India surged 141% in 2024, defying a 30% market decline as demand shifted to premium smartwatches, with Apple capturing 50% of the high-end segment.

Gold soars past $2,950, reaching record highs as investors seek safety amid trade tensions, falling yields, and central bank demand, pushing markets toward defensive strategies.

Trump plans 25% tariffs on auto, semiconductor, and pharma imports starting April, aiming to reshore industries, but experts warn of higher prices and economic disruption.

Egg prices have surged 53% in a year, fueling inflation fears and complicating the Fed’s strategy as consumers react to the sharp increase amid an ongoing avian flu outbreak.

UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an uncertain economic climate.

The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair tariffs.

JPMorgan CEO Jamie Dimon dismisses employee concerns over full-time office return, rejecting a growing petition and insisting remote work hurts efficiency, engagement, and creativity.

UNCTAD’s 2024 report warns Africa remains highly vulnerable to global shocks, urging stronger regional trade and policy reforms to unlock AfCFTA’s $3.4 trillion potential.