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Trump Lifts Tariffs on Key Imports to Ease Consumer Costs

                           US President Donald Trump drops tariffs on coffee, fruit, beef as consumers face high prices. In a move aimed at addressing rising consumer prices, President Donald Trump announced the removal of tariffs on beef, coffee, and tropical fruits. The decision comes after weeks of mounting concerns from households and businesses over the cost of everyday essentials. The administration stated that lifting these tariffs will help stabilize food markets and provide relief to consumers ahead of the holiday season. Economists note that the policy shift could lower grocery bills and improve trade relations with countries that supply these goods. While supporters welcome the measure as a step toward easing inflationary pressures, critics argue that the broader trade strategy remains uncertain. For now, shoppers may see more affordable beef, coffee, and fruit on store shelves—a tangible chang...
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US Futures Stall After Record-Setting Rally

 


US stock futures wobbled on Friday, losing steam after a record-setting rally and blowout month as the relief sparked by an influential inflation reading ebbed. The S&P 500 futures were little changed, coming off the benchmark’s record close and best February in almost a decade. Futures on the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also wavered around the flatline.

Stocks are kicking off March in a subdued mood, a shift from the upbeat reaction to PCE data that showed inflation continued to cool — easing worries the Federal Reserve would get more reason to hold off from interest-rate cuts. But further scrutiny has highlighted signs of “sticky” inflation that will be harder to shift.

Among big movers, shares in New York Community Bancorp (NYCB) tumbled 20% in premarket after the exit of its CEO, a $2.7 billion quarterly loss, and findings of “material weaknesses” in the bank’s loan processes. Meanwhile, Dell (DELL) shares rose almost 25% in the wake of a quarterly sales and profit beat fueled by AI prospects for its servers. Developments at OpenAI caught the attention of investors tracking the sector. Elon Musk has sued the Microsoft-backed company and its CEO Sam Altman, among others, over a breach of contract. Also, the ChatGPT maker is reportedly set to name new board members in March to end an impasse linked to Altman’s abrupt firing last year.

In summary, the market’s exuberance has tempered, and investors are closely watching inflation trends and corporate developments. As we navigate March, the delicate balance between economic indicators and market sentiment remains crucial.


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