Norway’s Tesla obsession defies Europe’s Musk backlash
Tesla continues to find solace in EV-friendly Norway despite a sustained sales slump across the rest of Europe.
Bill Gates says Trump’s cuts to USAID are devastating: ‘It’s not too late to reverse them’
Gates is reacting to Trump’s cutbacks affecting a longtime partner of the nonprofit Gates Foundation.
USD/JPY Climbs as Yen Struggles Amid Trade Tensions
On Friday, the USD/JPY pair advanced to 146.93, marking a three-week high as the US dollar continued to strengthen against a backdrop of escalating global trade tensions. Recent developments in US trade policy have further unsettled markets. US President Donald Trump announced additional tariffs, including a 35% levy on Canadian imports, alongside plans for sweeping […]
The post USD/JPY Climbs as Yen Struggles Amid Trade Tensions appeared first on Action Forex.
ECB’s Schnabel: Inflation on track, economy resilient, bar for further rate cut very high
ECB Executive Board member Isabel Schnabel signaled in an interview with Econostream Media that there is urgency for further easing. Schnabel noted that inflation is now projected to be at 2% target over the medium term, and expectations remain “well anchored”, while interest rates are in a “good place”. She added that “the bar for […]
The post ECB’s Schnabel: Inflation on track, economy resilient, bar for further rate cut very high appeared first on Action Forex.
MUFG trade of the week: Buy EUR/GBP
MUFG is out with its trade of the week and highlights EUR/GBP, which is trading at 0.8650 at the moment.
“We are recommending a long EUR/GBP trade idea to reflect our view that downside risks for the GBP are increasing. We have been encouraged by price action over the past week. EUR/GBP has held above the 0.8600-level for the longest period since late 2023/early 2024,” MUFG notes.
“The GBP sell-off was initially triggered by concerns last week over the UK public finances. The looming prospect of tax hikes in the autumn could discourage businesses and households from spending in the interim contributing to weak growth continuing in Q3,” MUFG adds.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
This article was written by Adam Button at www.forexlive.com.
Trump’s 200% tariff threat leaves pharma firms scrambling with scenario planning
A 200% tariff rate — even with a delay — will have a detrimental effect on drug prices and profit margins, analysts warn.
Tron’s Justin Sun says he’s buying another $100 million of Trump’s memecoin
Crypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump.
Trump’s ‘big beautiful bill’ could deliver 45.5% ‘SALT torpedo’ for high earners, tax pro says
Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.
Tom Lee’s Granny Shots ETF is crushing the market and raking in cash
The Fundstrat Granny Shots US Large Cap ETF (GRNY) hit $1.5 billion in assets under management just eight months after launch.
Trump’s tariffs on Brazil could make your coffee even more expensive
Coffee companies may try to mitigate the impact of the tariff by sourcing from other countries, but consumers will likely end up paying more for their java.