News

Morning Bid: Re-set, surge and hold

In today's column, I explore whether the sudden easing of China tariffs may actually be related to an economic theory that has long been prized by American conservatives: the Laffer Curve. * A White House executive order said on Monday that the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain starting from May 14. * U.S. President Donald Trump arrived in Saudi Arabia on Tuesday to start a four-day swing through the Gulf region, focusing more on economic deals than security crises ranging from war in Gaza to the threat of escalation over Iran's nuclear program.

3 Investing Mistakes to Avoid at All Costs if a Stock Market Crash Is Coming

Experts have increased the odds of a recession in recent weeks, which could spur more market volatility. The Federal Reserve Bank of New York estimates a 30% chance of a recession beginning in the next 12 months, according to data released in early May. Analysts at Goldman Sachs and J.P. Morgan put the odds of a recession at 45% and 60%, respectively. Both firms noted that tariff policies, specifically, have increased recession risks for 2025.

Tata Motors reassessing JLR's forecast as US tariffs fan uncertainty

(Reuters) -India's Tata Motors said on Tuesday it was reevaluating its annual profitability target for luxury car brand Jaguar Land Rover (JLR), joining automakers worldwide that have flagged forecast uncertainty due to U.S. tariff changes. Imported cars have been a main focus of U.S. President Donald Trump's global trade war. Trump last month imposed a 25% tariff on all foreign-made vehicles sold in the world's second-largest car market.