The global economy is on a wild ride. The tension between the United States and China is causing waves in the financial world. The latest move by China to raise tariffs on US goods to 125% sent shockwaves through the markets. The European markets felt the heat. The Stoxx Europe 600 index took a hit, dropping about 1% before bouncing back later in the day. Across...

The US economy is facing a tough time. The chances of a recession have gone up because of rising tariffs. This is not good news for anyone. A big bank, Goldman Sachs, thinks there is now a 35% chance of a recession in the next year. This is a big jump from the 20% chance they thought a few months ago. Tariffs are taxes on goods coming into the country. They ...

The auto industry is facing a significant change. A new policy has been introduced that will affect how cars and parts are traded. This policy will impose a 25% tax on all cars and parts that are not made in the United States. This tax will start on April 3, 2024, at midnight. The goal is to boost the US auto manufacturing sector, which has been around for decades. ...

The US has taken a firm stand against several tech companies. It has added them to a special list. This list restricts who can access certain technologies. The US claims these companies wanted to use advanced tech for military purposes. These technologies include supercomputing, artificial intelligence, and quantum technology. The list includes over 50 Chinese compan...