CHINA REACT: Reciprocal Tariff Is Worse Than the Worst Case
By Chang Shu (Economist), David Qu (Economist) and Eric Zhu (Economist) 04/02/2025 23:45:03 [BI] Summary by Bloomberg AI The US’s new tariff on Chinese goods could rise to over 60%, which would be hugely damaging and could cut China’s direct exports to the US by up to 80% over the medium term. China is likely to respond by boosting […]
Trump Open to Tariff Cuts in Return for ‘Phenomenal’ Offers
By Annmarie Hordern 04/03/2025 22:27 [BN] Summary by Bloomberg AI President Donald Trump said he is open to reducing tariffs if other nations offer something “phenomenal” in negotiations. Trump indicated that more tariffs are on the way, specifically mentioning pharmaceuticals, and reiterated his willingness to offer tariff relief for China if Beijing approves the sale of TikTok’s […]
US Hiring Picks Up, Showcasing Solid Job Market Ahead of Tariffs
By Augusta Saraiva 04/04/2025 07:32:36 [BN] Summary by Bloomberg AI US job growth exceeded forecasts in March, with nonfarm payrolls increasing 228,000 last month in a broad advance. Despite the strong job growth, attention has turned to the impact of President Donald Trump’s tariffs, which has led to a decline in stocks and increased concerns about a […]
IMF Says US Economy Slowing But Doesn’t Forecast Recession
Summary by Bloomberg AI The IMF expects the US economy to slow down this year due to President Trump’s aggressive tariffs, but does not foresee a recession. The economy expanded 2.4% in the fourth quarter, faster than previously estimated, but forecasters anticipate slower growth this year. The IMF is assessing the impact of tariffs on […]
EU Plans ‘Term Sheet’ of Concessions for Trump Tariff Talks
Summary by Bloomberg AI The European Union is identifying concessions to make to the Trump administration to secure the partial removal of US tariffs that have already started hitting EU exports and are set to increase after April 2. EU officials were told that new auto and reciprocal tariffs will be launched next week, and […]
Economists Dial Back US Growth Forecasts Amid Trump Uncertainty
Summary by Bloomberg AI Economists have lowered their expectations for US growth this year, citing softer consumer spending and limited capital investment due to uncertainty around the Trump administration’s trade policy. Gross domestic product is now expected to grow 2% in 2025, down from the previous 2.3% estimate, with first-quarter growth projected at 1.2%. The […]
Buy this energy stock as data center demand grows, says Morgan Stanley (MACRO CLUE)
Hakyung Kim March 27, 2025 CNBC Liberty Energy could emerge as a winner ( MACRO CLUE REGARDING THE FUTURE OF AI) as data center power demand grows, according to Morgan Stanley. The bank upgraded the stock to overweight from equal weight. Its new price target of $25, up from $20, implies shares could gain 68% […]
JPMorgan says recession fears are not to blame for the sell-off, points to another culprit
CNBC Fred Imbert March 13, 2025 Fears of an economic recession have been cited as a catalyst for the stock market’s horrid run this week. JPMorgan thinks something else may be driving the downturn. “In our mind the most likely culprits are equity hedge funds and in particular two categories: Equity Quant hedge funds and […]
The ‘Spy Sheikh’ Taking the AI World by Storm
Abu Dhabi’s Tahnoon bin Zayed al Nahyan has more than $1.5 trillion to spend and he’s in a hurry; grappling with Mark Zuckerberg. The Abu Dhabi royal sometimes called “the spy sheikh” is accustomed to using his vast wealth to master his many obsessions, which have ranged over the years from martial arts to chess […]
Senate GOP’s Tax-Cut Wishlist Heads North of $5 Trillion
By Richard Rubin Updated March 12, 2025 WASHINGTON—Senate Republicans are planning tax reductions that go well beyond an extension of President Trump’s expiring tax cuts. On the menu: Reviving lapsed business tax breaks, expanding the child tax credit, loosening the cap on the state and local tax deduction and incorporating Trump’s ideas for eliminating taxes […]