President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty ImagesThe fate of many of President Trump’s tariffs is uncertain after a string of court rulings this week.But even if a court block on country-specific tariffs is upheld, others that would remain on the books — for products like steel and automobiles — are still expected to cost consumers almost $1,000 a year, according to a new analysis by the Yale Budget Lab.”It does…
Author: usaeverydaylife
A crisis in the world of private credit may not unfold in the near term, but investors should think about what may happen when the next recession comes along. The Boston Federal Reserve recently published a paper exploring whether or not the surge of dollars into private credit will eventually pose systemic financial risk to the lending industry. While the paper didn’t directly answer the question posed, it’s important that it was asked at all. The private credit asset class has swelled to about $1.7 trillion . Firms in the industry provide loans to businesses in an environment where banks…
Tim Leissner, former chairman of Southeast Asia for Goldman Sachs Group Inc., exits federal court in the Brooklyn borough of New York, US, on Thursday, May 29, 2025. Yuki Iwamura | Bloomberg | Getty ImagesFormer Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billion dollar scandal involving Malaysia’s sovereign fund 1MDB.Leissner’s conduct was “brazen and audacious,” judge Margo Brodie said during sentencing. While his cooperation with the government was taken into account, it did not make up for the…
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system.Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The legislation must still gain the Senate’s approval.”We see this legislation as creating the scope for the US administration…
European stock markets broadly riseEuropean stock markets broadly moved higher despite U.S. tariffs being re-imposed by U.S. courts.The Stoxx Europe 600 index is up 0.1%, the FTSE 100 added 0.4% and Germany’s DAX is higher by 0.3%. Meanwhile, France’s CAC 40 bucked the trend by declining 0.2% in early trade.— Ganesh RaoPositive start for European stock marketsEuropean stock markets are expected to open in positive territory on Friday.Futures contracts for the Stoxx Europe 600 index point to a 0.1% gain at the open. Meanwhile, the U.K.’s FTSE 100, is set to open 0.2% higher, France’s CAC 40 could add 0.1%…
A large number of commercial vehicles were assembled at Yantai Port for shipment and export overseas in Yantai City, Shandong Province, China, on April 24, 2025.CFOTO | Future Publishing | Getty Images A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs leads to cheaper goods, likely more consumer spending and higher corporate revenue, which tends to flow back to stock prices.This ideal scenario, however, rests on the assumption that the court’s decision is final and the Trump administration…
An overview of the construction site of the Stuttgart 21 railway station project seen on May 22, 2025 in Stuttgart, Germany.Thomas Niedermueller | Getty Images News | Getty ImagesGermany’s newly minted government is looking to the private sector to help save the country’s ailing infrastructure.Economy minister Katherina Reiche called for a cash injection earlier this month:”We need speed and investments, and we need private capital,” she told CNBC. “Of all the investments we will do, 10% of them could be done with public money, we need 90% of private sector investments.”Germany has become riddled with infrastructure issues after a long…
Biotech start-up Orchid is one of the few companies offering in-vitro fertilisation (IVF) patients the option to screen their embryos for severe genetic diseases before their pregnancy begins.”This technology is going to totally reshape how people have children,” Orchid’s CEO Noor Siddiqui told CNBC’s The Edge in an interview.”I think it’s going to become an option that more and more people will choose because there’s just the opportunity to avoid a lot of catastrophic outcomes, and they don’t want to roll the dice on their child’s health,” Siddiqui added. During IVF, a woman takes fertility hormones to suppress her natural menstrual…
Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesFast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock.The e-commerce behemoth is now aiming for a Hong Kong listing after failing to receive approval from Chinese regulators for its much hyped London IPO, Reuters reported Wednesday.A London listing had been seen as a boon for the 16-year-old Chinese-founded company, providing international legitimacy and access to a deep and mature pool of Western investors. Analysts…
The Hybe Building in Seoul, South Korea.Sopa Images | Lightrocket | Getty ImagesSouth Korea’s largest K-pop agency Hybe has established its first office in China — amid signs that Beijing is lifting its unofficial ban on K-pop shows.The agency behind global sensation BTS has been preparing to establish itself in China since last year, a Hybe official said recently. Hybe’s China office — launched on April 2 and announced on Thursday — is its fourth overseas branch. But while the agency has launched local groups such as &Team in Japan and Katseye in the United States, it has no plans to…
