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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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Wall Street Leans Modestly Lower Ahead of Inflation Data

 

Wall Street opened with a slight dip today as investors eagerly await Friday’s inflation update from the government. Here are the key highlights:

  1. Corporate Earnings Digestion:

    • Markets are processing recent corporate earnings reports.
    • FedEx (FDX) surged 14.6% after beating Wall Street’s Q4 sales and profit targets.
    • Chipmaker Nvidia (NVDA) rebounded, recovering from recent losses.

  2. Inflation Update Anticipation:

    • The government’s report on inflation, closely monitored by the Federal Reserve, will influence interest rate decisions.
    • Investors hope for timely rate cuts to prevent a recession or inflation resurgence.

  3. Global Markets:

    • European markets (DAX, FTSE, CAC 40) dipped, while Japan’s Nikkei rose 1.3%.
    • Tokyo Electron and Advantest Corp. gained due to enthusiasm over Nvidia and AI.

  4. Currency Watch:

    • The dollar edged higher against the yen, nearing the 160 yen level.
    • Tokyo officials warn of potential market intervention.

Stay tuned for Friday’s crucial inflation data—the Fed’s next move hangs in the balance.


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