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Markets Set for Shock From Disappearing Chinese Goods

(Bloomberg) -- Investors are in for a shock in the next few weeks as the slowing flow of goods from China underscores the risks tariffs bring to the US economy, the latest MLIV Pulse survey showed.Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agenc

Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF's regional outlook report for the MENA region said Brent crude oil prices — which are down from highs above $120 a barrel in 2022 — are likely to be $65 to $69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations. Tariff plans by the U.S. and other countries and geopolitical tensions also have created mounting economic uncertainty globally that is weighing down on the region's economies, which could negatively impact their growth by anywhere from 2% to 4.5%, said Jihad Azour, director for Middle East and Central Asia at the IMF.

Dogecoin Unfazed as Elon Musk Rubbishes Report of His Exit From Tesla

Dogecoin (DOGE) prices were little-changed after reports of carmaker Tesla searching for a new CEO to replace technocrat Elon Musk, which the company later refuted. Musk is a known dogecoin backer whose comments, or developments at his companies, tend to impact the memecoin’s prices. Tesla board members reached out about a month ago to several executive search firms to replace Musk, sparked by his heavy involvement with the Trump administration, per WSJ.

US tariffs would take percentage point off Dutch economic growth, CPB says

AMSTERDAM (Reuters) -The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the Netherlands by a percentage point through 2026, Dutch economic policy adviser CPB said on Thursday. Growth would be 0.4 percentage points lower this year than earlier predicted, and 0.6 percentage points less in 2026, the CPB said. Investments would take the largest hit, the CPB said, due to the uncertainty about the global economic outlook.

Asian shares rise in subdued holiday trading, as US futures jump

Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains. Uncertainty about what President Donald Trump’s trade war will do to the U.S. economy remains a key focus for investors. Earlier in the day, the Bank of Japan decided to keep its benchmark interest rate unchanged as worries mount over the impact of Trump’s policies.