US automakers will get some relief from US President Donald Trump’s tariffs, according to a new White House fact sheet. Prior to his new executive order, manufacturers had to pay a 25 percent tariff on any parts used in any US-assembled vehicles. Now, they’ll be able to deduct up to an amount equal to 3.75 … Read more
Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs. Inflation in the single currency area reached 2.2 percent, calmed by an easing of energy tariffs and prices in the services sector, the EU’s Eurostat statistics agency … Read more
The rate of inflation eased back by more than expected in February, according to official figures released ahead of a predicted leap in the pace of price growth. The Office for National Statistics (ONS) said the rolling annual rate for the consumer price index (CPI) measure of inflation stood at 2.8%, slowing from 3% the … Read more
Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst. “Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, … Read more
President Trump has rolled back constraints on American commanders to authorize airstrikes and special operation raids outside conventional battlefields, broadening the range of people who can be targeted, according to U.S. officials with knowledge of the policy shift. The quiet but seismic recalibration dismantles Biden-era mandates and signals a return to more aggressive counterterrorism policies … Read more
Nvidia on Wednesday evening delivered a better-than-expected fiscal 2025 fourth quarter driven by a $2 billion revenue beat on data center sales. Forward guidance also exceeded estimates. Despite the enormous anticipation of the results, shares dropped 1.5% in after-hours trading. But given the volatile nature of the stock, a bigger move — in either direction … Read more
Bitcoin has dropped below the critical $104,268 level, signaling the start of a market correction after an extended period of bullish performance. This pullback has caught many traders off guard as they had expected BTC’s upward trend to continue. The shift in sentiment is driven by profit-taking, caution from institutional investors, and broader economic concerns … Read more
The United States Internal Revenue Service (IRS) has introduced a temporary relief measure to address potential tax challenges for cryptocurrency holders using centralized finance (CeFi) brokers in 2025. As explained by Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, the relief mitigates complications stemming from the implementation of Section 6045 custodial broker regulations, which take … Read more