Business

On August 12, 2025, Asian markets witnessed another rally with renewed optimism after the extension of the U.S.-China tariff truce. This fresh extension, which sees the reimposition of tariffs deferred for another 90 days, has restored investor confidence in the region. The Nikkei 225 index in Japan reached fresh all-time highs, climbing upward by more than 2%, as technology-heavy sectors led the charge. The Topix index also gained, reflecting confidence in corporate earnings and interest in the forecast for international trade. On the other hand, mainland China saw the CSI 300 rise by half a per cent, and Australia’s S&P/ASX 200 touched new highs after the Reserve Bank slashed interest rates to a fresh two-year low of 3.6%, lending strength to the local market.  Similar positive...

Ford Motor Company has declared a sizable $5 billion investment meant to boost domestic electric vehicle (EV) production by means of a thorough restructuring of its manufacturing and battery supply chains. The project is driven by Ford’s Louisville Assembly Plant in Kentucky and the BlueOval Battery Park in Michigan. It looks forward to creating a mid-size, new, and affordable electric pickup truck with first deliveries scheduled to begin in 2027. Around $2 billion has been set aside in Kentucky to transform the 70-year-old Louisville facility into a state-of-the-art EV plant, thereby helping to preserve 2,200 hourly jobs. The remaining $3 billion will simultaneously be used to build a local battery manufacturing plant in Michigan to meet the lithium demands of the new truck. Ford’s ...

Changes may be coming soon for 401(k) alternatives. President Donald Trump issued an executive order on retirement on Thursday meant to let Americans invest their savings into private equity, cryptocurrency, real estate, and several other alternative assets. This executive order on retirement is a major success for the asset management sector since it lets financial managers access a share of the amazing $12.2 trillion held in Americans’ 401(k) and related retirement accounts. Moreover, private assets frequently provide more profitable possibilities; the Trump administration claims they can give retirement savers more investment choices. Financial planning specialist Robert Brokamp from the stock market analysis company The Motley Fool observed, “The theoretical benefits of Trump’s e...

In an exclusive interview, former Intel CEO Craig Barrett has revealed an all-encompassing plan intended to save U.S. chip manufacturing and revive the general American semiconductor industry as well as Intel’s competitive edge. Confronted with rising worldwide issues and domestic chip industry reverses, Barrett is sounding the call and suggesting practical solutions. Craig Barrett, who steered Intel through a major growth phase in the early 2000s, is urging U.S. leaders to view semiconductor manufacture as a crucial national security and economic independence concern. He warns that the country is very exposed to its reliance on foreign manufacturing facilities, particularly those in East Asia. Barrett remarked, “We cannot restore advanced chip manufacturing with merely short-term po...

On Thursday, shares of Intel dropped following President Donald Trump’s demand for the chief executive officer of the firm to resign. According to President Trump, the Chief Executive of Intel, Lip-Bu Tan, is highly conflicted and has to resign immediately. There is no other answer to this issue. Intel later Thursday refuted charges by claiming the corporation, its directors, and Tan were deeply committed to furthering U.S. national and economic security interests. The sentence read, “We are the only company investing in top logic process node development in the U.S., continuing to put billions of dollars in home semiconductor R&D and manufacturing, including our new fab in Arizona running the most sophisticated production process technology in the nation.” Tan assumed charge...

According to a U.S. official to Reuters on Sunday, Nvidia (NVDA.O) and AMD (AMD.O) have agreed to donate 15% of their revenues from sales of sophisticated computer AI chip sales in China, such as Nvidia’s H20, to the U.S. government. While U.S. President Donald Trump’s government banned H20 AI chip sales in China in April, Nvidia said last month that the U.S. government would allow the firm to continue these sales, implying hope for an imminent delivery. Another U.S. official said on Friday that the Department of Commerce had begun licensing H20 chips for China sales. Asked about Nvidia's decision to pay 15% of its income to the United States, a representative for Nvidia said, “We follow rules the U.S. government sets for our participation in worldwide markets.” The spokesperson ...

On Tuesday, President Donald Trump informed CNBC’s ‘Squawk Box’ that the proposed tariffs on drugs/pharmaceuticals imported into the United States could reach as high as 250%, which is the highest rate he has ever mentioned. He indicated that he wanted to start out with a small tariff on pharmaceuticals, but within a period of one year or perhaps a year and a half, he would want to ramp up the level to 150% and then to 250%.  That being said, the president has a history of making threats about tariffs but then backing away from them, so whether we will see consequences of pharmaceutical tariffs being imposed at the 250% level remains uncertain. Earlier in July, Trump had even put forward the terms of a 200% tariff on pharmaceuticals. In April, the Trump administration launched a...

Aligning with their father’s protectionist economic policies geared toward the same goal, President Donald Trump’s oldest sons are launching a new firm with a business project that is partially focused on ‘revitalizing American manufacturing.’ New America Acquisition I Corp, a blank-check business backed by Eric Trump and Donald Trump Jr., asked for an initial public offering (IPO) of up to $300 million on August 4. According to their filing, this special purpose acquisition company (SPAC), which the family has previously used to create firearms shops and media businesses, will combine with companies that are either based in the United States or mostly operate within the nation. The filing states that the launched new firm would want to merge with one or more companies valued at ...

President Donald Trump declared on Thursday that he intended to nominate Stephen Miran, a major supporter of the government’s tariff policy, to briefly hold a seat on the Federal Reserve’s Board of Governors. Widely known for laying the groundwork for Trump’s comprehensive tariff policy, Miran now heads the Council of Economic Advisers and has continuously supported Trump's economic efforts since she assumed her position. Stephen Miran is replacing Adriana Kugler, named by former President Joe Biden in 2023, who has stepped down. Her tenure was meant to end in January, but last week she suddenly declared her resignation without giving any justification for her leaving. “I believe this role is rather important for the president,” Miran told CNBC on Wednesday. If the Senate confirms hi...

So far in 2025, the job market for IT jobs in the United States has not shown great strength; downward revisions to the Bureau of Labor Statistics statistics for May and June indicate that job losses in July are part of the IT sector slowdown than had been earlier believed. Although the Bureau of Labor Statistics showed little job increase last month, the weak payroll growth statistics obscured a more troubling problem. A significant percentage of the employment growth recorded for May and June was erroneous. Amidst U.S.-China trade war, the domestic mine project has increased the number of labourers. According to the BLS, May's statistics called for an IT sector slowdown revision of 125,000 jobs, hence resulting in only 19,000 jobs being added; June’s figures were adjusted even furt...