April 3, 2025

The Magnificent Seven — the largest US technology companies by market capitalisation — lost more than US$800bn in value on Thursday as investors reacted sharply to President Donald Trump’s sweeping new tariff regime. It marked one of the worst trading sessions for megacap tech stocks since 2022. Together, Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and […]

European leaders have condemned US President Donald Trump’s sweeping new tariffs as a blow to global trade, with the EU preparing countermeasures amid investor panic and stark economic warnings from across the bloc.   European stocks fell sharply on Thursday following the announcement of a 20% tariff on all goods imported from the European Union

US markets plunged overnight, posting their steepest one-day losses since 2020, as investors reacted to President Donald Trump’s sweeping new tariffs and the prospect of a prolonged global trade war. The Dow Jones Industrial Average dropped 1,679 points, or 3.98%, to close at 40,545.93. The S&P 500 fell 4.84% to 5,396.52, returning to correction territory,

President Trump has detonated the foundation of modern global commerce by announcing sweeping tariffs on nearly all imports—a move Nigel Green, CEO of global financial advisory giant deVere Group, says “peddles in economic delusion” and risks triggering a dangerous global slowdown.     “This is how you sabotage the world’s economic engine while claiming to supercharge

Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP, discusses the Trump tariffs.   Every so often the US casts its mind back to the 1950s it seems (eg American Graffiti and Happy Days in the 1970s) and so it is again! Here are some initial thoughts in Trump’s tariff announcements: Basically,

So-called “Liberation Day” has arrived, with President Trump promising to shake the foundations of global trade by imposing sweeping new tariffs on nearly all major US trading partners.     But the CEO of global financial advisory and asset management giant, deVere Group, predicts that within 6 to 12 months, Trump will be forced to backtrack

President Trump’s imposition of a 25% tariff on US auto imports has officially taken effect, sending ripples of uncertainty through global markets. The move, part of Trump’s broader “reciprocal” trade policy, is projected to increase costs for both manufacturers and consumers, while also disrupting established supply chains. The S&P/ASX 200 closed down 0.9 per cent,

President Donald Trump’s sweeping “reciprocal” tariff announcement — with levies as high as 49% — has sent markets reeling and triggered broad disruptions across sectors, economies, and industries. The new tariffs, aimed at recalibrating US trade relations, have affected everything from home mortgages and semiconductors to beef exports and the luxury goods market. Some sectors

The Russell 2000 index has officially entered bear market territory, falling more than 20% from its all-time high in late November 2024. The benchmark for small-cap US stocks has dropped 6.47%, dragged lower by recession fears, rising costs, and fallout from President Donald Trump’s sweeping new tariff regime.   It is the first major US

Cosmo Metals (ASX:CMO) has successfully secured shareholder approval for the acquisition of the Bingara and Nundle gold-antimony and copper projects located in New South Wales. These projects, encompassing a combined area of 743km², present substantial exploration opportunities with evidence of high-grade, multi-commodity mineralization. Cosmo Metals is poised to initiate exploration activities, aiming to capitalize on