Business - Page 84

2025-04-11

Bitcoin, Ethereum, Dogecoin Tumble As Trump Ups China Tariffs, Scraps IRS Rule In Nod To Crypto Voters: Rising Yuan Could Boost Altcoins, Says Analyst

The cryptocurrency market cap dropped 2.80% in 24 hours to $2.54 trillion following President Donald Trump‘s sweeping tariff announcement, imposing a 145% duty on Chinese imports and a 10% universal tariff on most other goods.CryptocurrencyGains +/-Price (Recorded at 9.47 p.m. ET)Bitcoin (CRYPTO: BTC)-3.34%$79,672.33Ethereum (CRYPTO: ETH)-6,13%$1,532.89Dogecoin (CRYPTO: DOGE)-1.35%$0.1552On Thursday, Trump signed legislation nullifying a revised Internal Revenue Service rule that had expanded the definition of “broker” to include decentralized cryptocurrency exchanges.The rule, finalized during former President Joe Biden‘s administration, was criticized by the crypto industry as unworkable for DeFi platforms that lack visibility into user identities. This action fulfills part of Trump’s campaign promise to be a “crypto president.”The Crypto Fear and Greed Index registered at 21, remaining in “Fear” territory for the second consecutive day, significantly down from November’s yearly high of 88.Over $297.81 million in crypto positions were liquidated in the past 24 hours, affecting 101,191 traders. The largest single liquidation occurred on Binance’s ETH-USDT pair, worth $11.85 million, according to CoinGlass.Top Gainers (24-Hours)CryptocurrencyGains +/-Price (Recorded at 9.47 p.m. ET)Onyxcoin (XCN)+45.76%$0.01741Curve DAO Token (CRV)+13.16%$0.5761Render (RENDER)+6.42%$3.54Traditional markets reeled from Trump’s announcement of a temporary 10% universal tariff on most imports and a 145% duty on Chinese goods.In Thursday's session, the S&P 500, tracked by SPDR S&P 500 (NYSE:Full story available on Benzinga.com

2025-04-11

CNBC Daily Open: Cool CPI is of no comfort to investors as stock rally peters out

Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index report, which showed prices actually dipping month on month and core inflation dropping to the lowest since 2021, had been released prior to the tariff chaos unleashed by U.S. President Donald Trump, stocks would probably have shot up.Instead, the U.S. stock market fell Thursday, as the previous day’s relief rally quickly lost steam. Investor sentiment was weighed further by the White House’s confirmation that it was imposing a 145% tariff on imports from China — 20% higher than previously thought. That basically closes off all trade between the two countries, according to Erica York, vice president of federal tax policy at the Tax Foundation’s Center for Federal Tax Policy.To be fair, March’s consumer price index report doesn’t take into account price changes resulting from tariff policies. If companies have to pay more than double for goods from China, it’s hard to imagine them — even one with pockets as deep as Apple’s — absorbing the increased cost. The inflation report for April, then, could have an impact as large as any tariff news. What you need to know todayShort-lived relief rally U.S. stocks fell Thursday, giving up gains from the previous day’s historic rally, with losses accelerating after the White House confirmed to CNBC on Thursday that the tariff rate on China would actually total 145%. The S&P 500 was down 3.46%, the Dow Jones Industrial Average declined 2.5% and the Nasdaq Composite slumped 4.31%. Asked for his reaction to today’s market sell-off, U.S. President Donald Trump said, “I haven’t seen it,” while Trump’s top trade advisor Peter Navarro told CNN the “retracement” is “no big deal.”Recession is OK, depression is notTrump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according to The Wall Street Journal, citing people familiar with the conversations. A depression is considered by economists to take place when a recession becomes more severe and entails higher unemployment and a more prolonged downturn. Lowest core inflation in yearsThe U.S. consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February. Core inflation, which excludes food and energy, increased 0.1% for the month and 2.8% on the year. That was the lowest annual rate for core inflation since March 2021. Wall Street had been looking for headline inflation of 2.6% and core at 3%, according to the Dow Jones consensus.China unlikely to devalue yuan The Chinese offshore yuan weakened to a record low of 7.4287 against the U.S. dollar earlier this week after the People’s Bank of China set its midpoint rate at its weakest level since 2023. However, China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. because of concerns that such a move could trigger financial market instability, most market watchers surveyed by CNBC said.Mixed day in Asia for assetsAsia-Pacific markets were mixed Friday. Japan’s Nikkei 225 lost around 3.4% and South Korea’s Kospi fell 0.7%, but Hong Kong’s Hang Seng Index climbed more than 1.8% and mainland China’s CSI 300 added roughly 0.5%. The price of gold futures hit a fresh high of $3,226 per ounce during Asian trading hours. Bitcoin prices ticked up 1.8% to $80,951.20, paring some overnight losses.[PRO] Effects of China tariffs on AppleTrump may have paused tariffs on most of the U.S.’ trading partners, but hiked those on China to a staggering 145%. Apple, which relies on China for an estimated 80% of its production capacity, has seen its stock tumble this week. Analysts are divided over what Apple’s strategy could look like in the future.And finally...Costfoto | Nurphoto | Getty ImagesMachinery and vehicles ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in China, on Sept. 27, 2024.How China’s exporters are scrambling to mitigate the impact of punishing U.S. tariffsU.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for Americans while accelerating plans to diversify operations — and, in some cases, stopping shipments entirely.U.S. consumers could lose access to certain products in June since some American companies have halted their plans to import textiles from China, said Ryan Zhao, director at Jiangsu Green Willow Textile.Tony Post, CEO of U.S.-based running shoe company Topo Athletic, said he is planning to work more with suppliers based in Vietnam in addition to his existing China suppliers. “I’m going to eventually have to raise prices and I don’t know for sure what impact that is going to have on our business,” Post said. Before Trump started with tariffs, Post predicted nearly $100 million in revenue this year — primarily from the U.S.

2025-04-11

TopOn, IAB Tech Lab Open Measurement SDK (OM SDK) Sertifikasını Aldı: Standartlaştırılmış Reklam Ölçümü Oluşturma

GUANGZHOU, Çin, 11 Nisan 2025 /PRNewswire/ -- TopOn Mediation, IAB Tech Lab Open Measurement Software Development Kit (OM SDK) uyumluluk sertifikasyonunu resmen geçerek mobil reklamcılıkta tam senaryolu standartlaştırılmış ölçüm sağlayan bir reklam aracılık platformu oldu. Bu sertifika,...

2025-04-11

Construction approved for new Pflugerville Public Works complex

The new $77 million facility will house the city's public works department and park maintenance operations.

2025-04-11

Siemens executive, his wife and 3 children are among those killed in New York helicopter crash, source tells AP

Siemens executive, his wife and 3 children are among those killed in New York helicopter crash, source tells AP.

2025-04-11

Austinites land their products in more than 1,400 Petco stores

Wondercide LLC, a maker of natural insect repellents for pets, has expanded it products into more than 1,400 Petco stores.The Austin-based company is part of a growing pest control industry that's estimated to reach $1.56 billion this year and climb to more than $2.6 billion by 2033, according to Global Growth Insights."Wondercide's mission is to empower people to protect their pets, families, homes and yards from pests with plant-powered solutions that work as an alternative to conventional...

2025-04-11

Apple is left without a life raft as Trump's China trade war intensifies, analysts warn

Apple is heavily reliant on China, which has seen its tariff rates continue to ramp up to a cumulative 145%. While the company has been working to diversify its supply chains, analysts say its left without any clear short-term options to quickly reduce tariff impacts. Though U.S. President Donald Trump’s 90-day pause on many of his “reciprocal tariffs” has given some firms and investors respite, America’s largest company, Apple, hasn’t been so lucky. The Cupertino-based tech giant is heavily reliant on supply chains in China, which has seen its tariff rates only continue to ramp up, with the U.S.’ cumulative tariff rate on Chinese goods now standing at 145%.Thus, despite the U.S. tariff situation looking more promising for the world, experts say that U.S.-China negotiations remain the primary variable for Apple.“Apple could be set back many years by these tariffs,” Dan Ives, global head of technology research at Wedbush Securities, told CNBC, adding that the company had “had their boat flipped over in the ocean with no life rafts.”The smartphone maker has been diversifying its supply chain from China for years, but out of the 77 million iPhones it shipped to the U.S. last year, nearly 80% came from China, according to data from Omdia. The tech-focused research firm estimates that under current tariffs, Apple could be forced to increase its prices on phones sold to the U.S. from China by around 85% in order to maintain its margins.“When the original China tariffs were at 54%, that kind of impact was serious, but manageable ... but, it wouldn’t make financial sense for Apple to raise prices based on the current tariffs,” said Le Xuan Chiew, research manager at Omdia.Few optionsApple reportedly shipped 600 tons of iPhones, or as many as 1.5 million units, from India to the U.S. before the new U.S. tariffs took effect, according to Reuters and The Times of India.Apple and two of its iPhone producers did not respond to a CNBC inquiry. Chiew said while this news is unconfirmed, stockpiling would’ve been the best option for the company to quickly mitigate the tariff impacts and buy themselves some time. However, it’s not clear how long such stockpiles could last, especially as consumers increase iPhone purchases in anticipation of higher prices, he added. According to Omdia, Apple’s medium-term strategy has been to reduce exposure to geopolitical and tariff-related risks, and it has appeared to focus on increasing iPhone production and exports from India. Trump’s temporary halt will likely push tariffs on India to a baseline of 10% — at least for now — giving it a more favorable entry into the U.S. However, the build-up of iPhone manufacturing in India has been a yearslong process. Indian iPhone manufacturers only began producing Apple’s top-of-the-line Pro and Pro Max iPhone models for the first time last year. According to Chiew, ramping up enough production in India to satisfy demand could take at least one or two years and is not without its own tariff risks. Exemptions?In face of the tariffs, experts said the company’s best option is likely to appeal to the Trump administration for a tariff exemption for imports from China as it continues to ramp up its diversification efforts. This is something the company had received during the first Trump administration. Some analysts believe this is something that could happen this time around. “I still see some potential relief that can come in the form of concessions for Apple based upon its $500 billion U.S. commitment,” said Daniel Newman, CEO of The Futurum Group. “This hasn’t been discussed much — but I’m optimistic that companies that commit to U.S. expansion may see some form of relief as negotiations progress.” Apple said in February that it would invest $500 billion in the U.S., creating 20,000 jobs.Still, Trump has been clear that he believes Apple can make iPhones in the U.S.— something analysts have expressed doubts about. Wedbush analyst Ives has predicted that an iPhone would cost $3,500 if it was produced in the U.S. Meanwhile, other analysts say that even a trade deal or tariff exemption may not be enough for Apple to avoid adverse business effects.“Let’s assume that there is at least some thaw coming, either in a moderation of reciprocal tariffs targeting China or in a special exemption for Apple,” said Craig Moffett, co-founder and senior analyst at equity research publisher MoffettNathanson.“That still wouldn’t solve the problem. Even a 10% baseline tariff poses an enormous challenge for Apple.”

2025-04-11

AP Technology SummaryBrief at 10:13 p.m. EDT

One Tech Tip: Locking down your device when crossing borders

2025-04-10

HILLWOOD GROWS DFW PORTFOLIO, OFFERS PRIME LEASING OPPORTUNITY IN MIDLOTHIAN

DALLAS, April 8, 2025 /PRNewswire/ -- Hillwood Investment Properties, a Perot company and leader in industrial real estate development and acquisitions, announces continued momentum with three strategic property acquisitions of four buildings totaling 1,200,000 square feet across the Dallas-Fort Worth metroplex: Hillwood announces three strategic property acquisitions totaling 1.2M SF across the Dallas-Fort Worth metroplex.901 Distribution Drive located in Wilmer, TX totals 334,800 square feet and is fully leased to two tenants. This Class A facility delivered in 2023 and offers 36' clear height, LED lighting, ESFR sprinkler system, 185' truck courts, and ample parking for 134 cars.1201 Big Town Boulevard located ...Full story available on Benzinga.com

2025-04-10

Versace Goes Prada: Capri's Big Exit Sparks Fashion Power Shift

Capri Holdings Limited (NYSE:CPRI) saw its shares tick higher in Thursday’s premarket action after the company unveiled a definitive agreement to divest the luxury fashion house Versace to Prada S.p.A. in a $1.375 billion all-cash deal, subject to adjustments.The transaction, which still awaits regulatory approvals and other standard closing conditions, is scheduled to be completed in the latter half of 2025.John D. Idol, Chairman and CEO of Capri Holdings, expressed optimism about the sale, citing the brand’s transformation over the past six years and its reinforced positioning in the high-end luxury space.He said the deal aligns with the group’s broader plan to improve financial health and boost the long-term performance of its ...Full story available on Benzinga.com

2025-04-10

Egg prices continue to increase, reach new record high

Egg prices have spiked and may not drop until after Easter due to high consumer demand. Here's what we know.

2025-04-10

Did Treasury bond markets cause Trump tariff blink? - TheStreet

Did Treasury bond markets cause Trump tariff blink? TheStreetTrump dodged a disaster from the bond market, but the damage isn’t over yet CNBCTrump’s Tariffs Put the U.S. on the Path to Financial Crisis. Then the Bond Market Stepped In. Barron'sWhat just happened in the U.S. Treasury market? ReutersOpinion | The Damage From Trump’s Tariff Pause Is Already Done The New York Times

2025-04-10

8.6% SALES INCREASE IN THE FIRST QUARTER - FIVE ACQUISITIONS SINCE THE BEGINNING OF THE 2025 FISCAL YEAR

HIGHLIGHTS OF THE FIRST QUARTER ENDED FEBRUARY 28, 2025Sales of $441.7 million, up by 8.6%, driven equally by internal growth and acquisitions.In Canada, sales reached $241.6 million, up 4.1%.In the United States, sales totalled US$139.8 million, up 7.6%, representing 45% of total sales.EBITDA of $42.4 million, up 5.0% - EBITDA margin of 9.6%.Net income attributable to shareholders of $13.9 million, or $0.25 per diluted share.Solid financial position as of February 28, 2025 - working capital of $613.2 million - ratio of 2.9:1.Expansion: five new acquisitions since the beginning of the fiscal year, including one after the end of the first quarter, representing approximately $50 million in annual sales.Quarterly dividend of $0.1533 per share payable on May 8, 2025 to shareholders of record as at April 24, 2025.MONTREAL, April 10, 2025 /CNW/ - (TSX: RCH) "Richelieu has strongly started the 2025 fiscal year with five new acquisitions and an 8.6% increase in sales. This result is all the more appreciable given that the first quarter is historically the weakest period of the year and the renovation market conditions remained relatively stagnant during the period. Our market development initiatives, combined with contributions from acquisitions, the diversification of our market segments, and our added value of our service offering, contributed to this performance. We made significant progress in the manufacturers' market, where sales grew by 9.9%, including 5.1% internal growth, reaching $385.1 million. In the hardware retailers and renovation superstores market, sales remained stable compared to Q1 2024, at $56.6 million. We are currently making significant investments to install new in-store displays and add new product lines in order to boost sales to retail customers. We see these initiatives are starting to bear fruit, with sales growth in this market in Canada.""I am also pleased with of our recent acquisitions completed since the beginning of the year: The acquisition of Mill Supply, which operates two centres in the Maritime provinces—one in Dartmouth, Nova Scotia, and the other in Charlottetown, Prince Edward Island. This acquisition strengthens our presence in this market and complements our two existing centres in Dartmouth. In fact, it had long been one of our priorities. The acquisition of Darant Distributing allows us to enter the strategic Colorado market. Midwest Specialty Products reinforces our presence in the Minneapolis area, where we are already established, while also adding product lines such as quartz and other decorative surfaces. Modulex Partition, a distributor of Division 10 products, enables us to expand our presence in these product categories in the strategic markets of New Jersey and the Greater New York area. Finally, the acquisition of Rhoads & O'Hara Architectural, a specialist in exclusive architectural panels, working closely with architects, designers, and high-end commercial woodworking.""Despite the headwinds expected from the tariffs imposed by the US government, Richelieu is well-positioned to navigate these changes, with less than 20% of its products imported from China to the U.S. where alternative products are already sourced from other countries," mentioned Mr. Richard Lord, President and Chief Executive Officer.EXPANSION: ACQUISITIONS AND CONSOLIDATION OF CENTRESDuring the first quarter, Richelieu completed the following acquisitions:Mill Supply, on December 1, 2024, in Dartmouth, Nova Scotia and Charlottetown, Prince Edward Island;Darant Distributing, on January 6, 2025, in Denver, Colorado;Midwest Specialty Products, on January 13, 2025, in Minneapolis, Minnesota; andModulex Partition on February 4th, in Hillside, New Jersey.Subsequent to the first quarter, on April 1st, 2025, Richelieu completed the acquisition of Rhoads & O'Hara Architectural Products, a distributor of architectural panels and related products, in Vineland, New Jersey.These new acquisitions not only add approximately $50 million in annual sales, but also enhance the Corporation's presence in strategic markets, diversify its product offering, and create new synergies.In addition, during the quarter, to meet the needs of future growth and continue to deliver top-tier customer service, the Corporation completed its project to consolidate two distribution centres in the Vancouver area into a single 140,000 sq. ft. facility serving the manufacturers' market.RESULTS FOR THE FIRST QUARTER ENDED FEBRUARY 28, 2025For the first quarter ended February 28, 2025, consolidated sales amounted to $441.7M, compared to $406.9M for the first quarter of 2024, an increase of $34.8M, or 8.6%, driven equally by internal growth and acquisitions. In currency comparable to that of the first quarter of 2024, the increase in consolidated sales would have been 5.6% for the quarter ended February 28, 2025.The following table provides an overview of Richelieu's sales in its two main markets for the quarters ended February 28, 2025 and February 29 2024 :Full story available on Benzinga.com

2025-04-10

Articularis Rheumatology Specialists of Atlanta Welcomes Leading Rheumatologist, Dr. Douglas White

New physician addition strengthens the practice's commitment to patient-centered care in North Atlanta. ATLANTA, April 10, 2025 /PRNewswire/ -- Articularis Rheumatology Specialists of Atlanta (ARS Atlanta) is pleased to welcome Douglas White, MD, PhD to its distinguished team of...

2025-04-10

Appell Striping Disrupts Franchise Industry Norms with a Broker-Free Growth Model

Industry leader in pavement maintenance and painting offers a direct path to franchise ownership with lower costs and strong national demand LONG ISLAND, N.Y., April 10, 2025 /PRNewswire/ -- In a franchising world dominated by brokers, with 56 percent of franchises expected to use brokers...

2025-04-10

World Quantum Day Heat: IONQ To Ring The Bell, DARPA Boost Tempts Bulls

IonQ Inc. (NYSE:IONQ) is partying like it's quantum 2049 – ringing bells, globe-trotting for science diplomacy, and cozying up with the Defense Advanced Research Projects Agency, or DARPA. But while the company basks in the glow of the upcoming World Quantum Day on Monday , its stock seems stuck in a Schrödinger-style paradox: both exciting and... well, technically indecisive.Read Also: IonQ Jumps On Amazon News, But Can It Defy Quantum Bearish Trend?Quantum Cred Grows, So Does The PressureLet's start with the big picture. IonQ’s DARPA partnership, is a milestone – not just for the company, but for quantum computing's credibility. Being selected to help define what a "utility-scale" quantum computer even looks like puts IonQ in the elite club of ...Full story available on Benzinga.com

2025-04-10

Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says - Reuters

Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says ReutersAmazon Cancels Some Inventory Orders From China After Tariffs (AMZN) BloombergAmazon is Cancelling Some Merchandise Orders from China WSJAmazon already appears to be cutting back as tariffs kick in QuartzAmazon Cancels Orders From China After Steep Tariffs, Plans $15B U.S. Expansion Yahoo Finance

2025-04-10

Trump’s Encouragement of Stock Investors Draws Scrutiny - The New York Times

Trump’s Encouragement of Stock Investors Draws Scrutiny The New York TimesSchiff wants to know if anyone in the White House profited off of Trump's tariff pause announcement Business InsiderAdam Schiff Calls For Insider Trading Investigation into Trump Over Tariff Pause Time MagazineTrump told people to buy. Hours later, his tariff pause sent markets soaring. The Washington PostTrump accused of ‘market manipulation’ after abrupt U-turn on reciprocal tariffs: Live updates The Independent

2025-04-10

Trump’s Encouragement of Stock Investors Draws Scrutiny

Was the president manipulating the market with his comments, as his critics say, or reassuring Americans, as the White House maintains?

2025-04-10

Exclusive-Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says - Yahoo Finance

Exclusive-Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says Yahoo FinanceExclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar ReutersAmazon Cancels Some Inventory Orders From China After Tariffs (AMZN) Bloomberg.comAmazon Just Canceled Millions in Asia Orders--What They're Not Telling You Will Rattle Markets Yahoo FinanceAmazon reportedly cancels some orders for Chinese goods as tariff war continues USA Today

2025-04-10

The Decade-Plus Successes Of SpaceX And U.S. Space Programs

The Decade-Plus Successes Of SpaceX And U.S. Space Programs Authored by Forrest Marion via RealClearDefense,In recent days, domestic terrorists have engaged in political violence against Elon Musk’s Tesla enterprise: torching cars, vandalizing dealerships, and more. Leftist political leaders have employed the same kind of rhetoric against Mr. Musk that, during last year’s campaign, encouraged two assassination attempts against President Trump. Apparently, the ongoing violence against Tesla and the personal threats against the former darling of the Democrats are for no other reasons than Musk’s willingness to lead the Trump 47 administration’s attempts to curb the long-running and insanely wasteful, fraudulent, and corrupt federal spending that threatens the country with fiscal and economic ruin. In short, Musk is doing his best to halt Social Security payments to “eligible” recipients who are, literally, older than Moses (Deuteronomy 34:7). These developments are timely for recalling Elon Musk’s accomplishments a decade or more ago, which have proven indispensable to advancing his adopted country’s space capabilities and in the process bringing benefits to many millions of Americans as well as to earthlings all over the globe. I’m fully aware that the documented record of the 2010s is ancient history for many. So this piece seeks to lay out the historical record plainly and concisely.In the latter part of the George W. Bush administration (2001-2009), the space shuttle program was expected to end by 2010. As a result, America’s hopes for returning her astronauts to the moon by 2020 rested on the Lockheed and Boeing contracted Constellation program. But as the incoming Barak Obama administration took stock in 2009, the Constellation program’s unsustainability became apparent. It was two years behind schedule and well over budget. In 2010 the Obama space team judged the Constellation program “unexecutable.” Obama cancelled it along with the shuttle program despite the furor of some former astronauts, most notably Neil Armstrong. (Developments since 2010 strongly suggest that Obama made the right call on the cancellation, albeit having no more than a modest interest in space.)Enter those whom author Christian Davenport called “the Space Barons” in his fine book by the same title. The U.S. government’s civil and National Security Space (NSS) programs needed fresh thinking and simpler processes to attract young entrepreneurs willing to take risks that the large, legacy contractors could not or refused to take. Musk’s SpaceX and Jeff Bezos’s Blue Origin were the two up-and-coming space enterprises that most notably entered the field. And they produced.SpaceX had achieved orbit with its Falcon rocket in late 2008. Over the next several years, Musk’s company continued improving its capabilities and cost effectiveness in terms of space transportation. One unforgettable moment in that evolution occurred in December 2015 when on a mission to fly eleven commercial satellites into orbit, SpaceX not only succeeded with the satellite mission but on the back end managed to land the Falcon 9’s first stage booster safely—the company’s first-ever successful landing of a first stage rocket. It was only the second such landing, as Blue Origin had done it only a month earlier on a suborbital launch. The pandemonium at SpaceX headquarters that night reminded many of Apollo 11 in 1969. The door was now opened to huge cost savings in commercial space as well as NSS missions. It was a game changer. In a meeting with Secretary of Defense Ashton Carter at the Pentagon in June 2016, Musk and the defense chief discussed innovation. (Note that Musk’s visit to the Pentagon earlier in 2025 was not his first meeting with a U.S. defense secretary.) More important, in the spring of 2016 SpaceX secured its first U.S. Air Force contract to fly NSS satellites into space. Led by Musk and Bezos, the “NewSpace actors” – as Obama had called them – were gaining prominence and partnering more closely than before with NSS interests.Without the leadership of Musk and Bezos a decade ago, U.S. civil space and NSS might look much different than it does today. And for any Tesla-attacking terrorists who want to show the rest of us the strength of their convictions against Elon Musk, all they need to do is throw away their cell phones, shred their credit cards, and turn off their cars’ navigation systems – all of which depend on satellite capabilities, much of it thanks to Musk’s SpaceX. Forrest L. Marion, Ph.D., is a retired military historian. The author of four military histories, his most recent work is Standing Up Space Force: The Road to the Nation’s Sixth Armed Service (Naval Institute Press, 2023). Tyler DurdenWed, 04/09/2025 - 22:35

2025-04-10

Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist

“The deficits on the fiscal side that we’re likely to see in the GCC (Gulf Cooperation Council) countries, especially big countries like Saudi Arabia, are going to be pretty significant,” Goldman Sachs’ Farouk Soussa told CNBC. Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the IMF estimates. Goldman Sachs this week lowered its price forecast for 2025 to $62 for Brent crude. Spending by the kingdom has ballooned due to Vision 2030, a sweeping campaign to transform the Saudi economy and diversify its revenue streams away from hydrocarbons.Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia’s budget deficit, a Goldman Sachs economist warned.The bank’s outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and fiscal measures.“The deficits on the fiscal side that we’re likely to see in the GCC [Gulf Cooperation Council] countries, especially big countries like Saudi Arabia, are going to be pretty significant,” Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, told CNBC’s Access Middle East on Wednesday.Spending by the kingdom has ballooned due to Vision 2030, a sweeping campaign to transform the Saudi economy and diversify its revenue streams away from hydrocarbons. A centerpiece of the project is Neom, an as-yet sparsely populated mega-region in the desert roughly the size of Massachusetts.Plans for Neom include hyper-futuristic developments that altogether have been estimated to cost as much as $1.5 trillion. The kingdom is also hosting the 2034 World Cup and the 2030 World Expo, both infamously costly endeavors.The Line, NEOMDigital render of NEOM’s The Line project in Saudi ArabiaSaudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs this week lowered its year-end 2025 oil price forecast to $62 a barrel for Brent crude, down from a previous forecast of $69 — a figure that the bank’s economists say could more than double Saudi Arabia’s 2024 budget deficit of $30.8 billion.“In Saudi Arabia, we estimate that we’re probably going to see the deficit go up from around $30 to $35 billion to around $70 to $75 billion, if oil prices stayed around $62 this year,” Soussa said.“That means more borrowing, probably means more cutbacks on expenditure, it probably means more selling of assets, all of the above, and this is going to have an impact both on domestic financial conditions and potentially even international.”Financing that level of deficit in international markets “is going to be challenging” given the shakiness of international markets right now, he added, and likely means Riyadh will need to look at other options to bridge their funding gap.The kingdom still has significant headroom to borrow; their debt-to-GDP ratio as of December 2024 is just under 30%. In comparison, the U.S. and France’s debt-to-GDP ratios of 124% and 110.6%, respectively. But $75 billion in debt issuance would be difficult for the market to absorb, Soussa noted.“That debt to GDP ratio, while comforting, doesn’t mean that the Saudis can issue as much debt as they like ... they do have to look at other remedies,” he said, adding that those remedies include cutting back on capital expenditure, raising taxes, or selling more of their domestic assets — like state-owned companies Saudi Aramco and Sabic. Several Neom projects may end up on the chopping block, regional economists predict.Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch. That combined with high foreign currency reserves — $410.2 billion as of January, according to CEIC data — puts the kingdom in a comfortable place to manage a deficit.The kingdom has also rolled out a series of reforms to boost and de-risk foreign investment and diversify revenue streams, which S&P Global said in September “will continue to improve Saudi Arabia’s economic resilience and wealth.”“So the Saudis have lots of options, the mix of all of these is very difficult to pre-judge, but certainly we’re not looking at some sort of crisis,” Soussa said. “It’s just a question of which options they go for in order to deal with the challenges that they’re facing.”Global benchmark Brent crude was trading at $63.58 per barrel on Thursday at 9:30 a.m. in London, down roughly 14% year-to-date.

2025-04-10

CNBC Daily Open: Global markets soar on Trump tariff pause — but pauses are temporary

U.S. President Donald Trump hit the pause button on his heavy “reciprocal” tariffs and swapped them for a universal 10% rate for 90 days. Stocks ripped higher on the news, hitting historic numbers. Treasury Secretary Scott Bessent said it was Trump’s plan “all along.”Whether the plan is a good one is another matter. Investors should not let themselves be swept away by the flood of euphoria in markets Wednesday. Remember, Trump allowed a mere 90-day pause for deals to be made. The 10% tariff is not the permanent rate. And massive tariffs still exist on China, one of the biggest trading partners of the U.S.Relief rallies are also most prevalent during long-term downturns, such as during the 2000s dot-com bubble or 2008 financial crisis.As negotiations play out, uncertainty, the bane of markets, is still the name of the game, and could be part of the plan — if there really was one — as well.What you need to know todayTrump drops tariffs to 10% for 90 days U.S. President Donald Trump cut new tariff rates on imports from most U.S. trade partners to 10% for 90 days to allow negotiations with those countries. Trump announced the pause on Wednesday, hours after goods from nearly 90 nations became subject to stiffer, so-called reciprocal tariffs. Treasury Secretary Scott Bessent told reporters the pullback in tariffs was Trump’s strategy “all along.” However, Trump raised tariffs on imports from China to 125% after Beijing on Wednesday hiked its tariffs on U.S. imports to 84% from 34% starting April 10.Massive and historic stock surgeU.S. stocks rocketed Wednesday as a relief rally gripped markets. The S&P 500 surged 9.52% for its biggest one-day gain since 2008 and the third-biggest jump in post-WWII history. The Dow Jones Industrial Average popped 7.87%, its biggest advance since March 2020. The Nasdaq Composite spiked 12.16%, notching its largest one-day gain since January 2001 and second-best day ever. About 30 billion shares traded hands, making it the heaviest volume day on Wall Street in history, according to records that go back 18 years.Just a dead-cat bounce?It might be too early to cheer the market gains. The Nasdaq Composite had its second-best day Wednesday, trailing only its 14.17% jump in January 2001 — which was in the middle of the dot-com crash. And during the financial crisis in October 2008, the Nasdaq enjoyed two of its best five days ever. Call it a dead-cat bounce, a relief rally or short covering. It’s a familiar reaction during the worst of times for Wall Street, wrote CNBC’s Ari Levy.Asian tech stocks popAsia-Pacific markets rose in tandem with Wall Street on Thursday. Japan’s Nikkei 225 soared over 8% and South Korea’s Kospi popped more than 6%. Both indexes were juiced by gains in Asian tech giants such as Renesas Electron, SoftBank Group, SK Hynix and Samsung Electronics. Hong Kong-listed shares, however, did not rise as much, as investor sentiment was dampened by the escalating U.S.-China trade war.More signs of deflation in ChinaChina’s consumer price index in March slipped 0.1% year on year, remaining in deflationary territory after contracting 0.7% in February, according to data released by the National Statistics Bureau Thursday. A Reuters poll of economists had expected a flat reading compared with the same period last year. Producer prices fell for the 29th straight month, dropping 2.5% in March from a year earlier.[PRO] Goldman raises, then cuts, recession oddsLess than an hour before Trump’s tariff pause, Goldman Sachs hiked its forecast of a U.S. recession and predicted the country’s economy to shrink this year — then the bank almost immediately rescinded it. Here’s what Goldman chief economist Jan Hatzius is saying about the updates on U.S. trade policy.And finally...Muhammed Selim Korkutata | Anadolu | Getty ImagesSam Altman, left, and Elon Musk.OpenAI says Musk has run ‘unlawful campaign of harassment’ against company in lawsuitOpenAI on Wednesday filed suit against Elon Musk, claiming the world’s richest person has “tried every tool available to harm” the artificial intelligence company.The lawsuit, filed in a federal district court that last month blocked Musk’s attempt to stop the nonprofit from transforming into a for-profit entity, is asking for punitive damages from Musk’s actions and an injunction to stop him from interfering further in its operations.Musk is CEO of Tesla and SpaceX and owns social media site X as well as OpenAI rival xAI, which he started in 2023.

2025-04-10

‘Doomsday Mom’ tries to grill Charles Vallow’s last date | On The Record

In a cross examination of Nancy Jo Hancock, Lori Vallow Daybell was fiery and faced several objections for questions that the prosecution called argumentative and harassment. FOX 10 Investigator Justin Lum and Executive Producer George Obi recap the tense moments in the courtroom.

2025-04-10

Trump's proposed pharmaceutical tariffs could drive up costs, lead to drug shortages: Experts - ABC News

Trump's proposed pharmaceutical tariffs could drive up costs, lead to drug shortages: Experts ABC NewsTrump threatens to end pharmaceuticals tariff exemption BBCTrump's trade war: Prescription drugs become a target ReutersTrump Says Pharmaceutical Tariffs Coming ‘Very Shortly’ Bloomberg.comTrump reveals the next industry that will face imminent 'major' tariffs Fox Business

2025-04-10

Venus Concept, US Steel, Redwire, Apple, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Wall Street experienced a significant upswing today, driven by a surprising announcement from President Donald Trump regarding a temporary pause on tariffs for certain countries. This development led to a broad risk-on rally, propelling major indices to multi-month highs. The Nasdaq 100 surged over 12% to 17,124.97, while the S&P 500 climbed 9.5% to surpass 5,456 points. The Dow Jones Industrial Average rose 7.9% to 40,608.45.These are the top stocks that gained the attention of retail traders and investors throughout the day:Venus Concept Inc. (NASDAQ:VERO)Venus Concept shares skyrocketed by 210.07%, closing at $8.93. The stock hit an intraday high of $14.50 and a low of $7.07, with a 52-week range of $17.49 to $2.16. The surge followed the company’s announcement of securing $23.24 million in bridge financing from Madryn Health Partners. In the after-hours trading the stock slipped by over 46%.United States Steel Corp. (NYSE:X)Shares of US Steel ...Full story available on Benzinga.com

2025-04-09

Evercode WT Penta Kit for Single Cell Sequencing

Parse Biosciences launched the EvercodeTM WT Penta and Penta 384 single-cell RNA sequencing kits which reportedly can profile five million cells and 384 samples in a single run; Evercode Penta and Penta 384 began shipping to customers last month. In 2021, Parse released the Evercode WT Mega. According to the company, Evercode WT Penta offers [...]The post Evercode WT Penta Kit for Single Cell Sequencing appeared first on GEN - Genetic Engineering and Biotechnology News.

2025-04-09

Gretchen Whitmer goes to Washington with a call for bipartisanship to grow the economy

WASHINGTON — Michigan Gov. Gretchen Whitmer laid out what she called a “consistent national strategy” for bringing manufacturing back to the United States in a lengthy speech Wednesday in the nation's capital, just hours after President Donald Trump’s tariffs on the U.S.’ largest trading partners went into effect.

2025-04-09

Sirius XM Is 'Recession-Resistant Port In Tariff Storm': Analyst

Sirius XM Holdings Inc (NASDAQ:SIRI) has a stable business model that is based on recurring subscription revenues, which makes it a "recession-resistant port in the tariff storm," according to Seaport Research PartnersThe Sirius XM Holdings Analyst: Analyst David Joyce upgraded the rating from Neutral to Buy, while keeping the price target unchanged at $27.The Sirius XM Holdings Thesis: The company's business model makes subscribers "sticky" and its recurring subscription revenues are 100% US, Joyce said in the upgrade note.Check out other analyst stock ratings.Sirius XM ...Full story available on Benzinga.com

2025-04-09

U.S. Treasury Bonds Sell Off as 30-Year Yield Rises Most Since 1982 - Barron's

U.S. Treasury Bonds Sell Off as 30-Year Yield Rises Most Since 1982 Barron'sBonds crater, 10-year yield briefly spikes above 4.5% in confounding move that's worrying Wall Street CNBCU.S. Bond Sell-Off Raises Questions About ‘Safe Haven’ Status The New York TimesThe Market Is in a New Mode: ‘Sell Everything American’ WSJBessent seeks to calm markets as trade war sparks turmoil Politico

2025-04-09

Rents near January’s Los Angeles wildfires rising far faster than previous year

Rent increases in 12 of the 15 communities tracked were larger in 2025's first three months than in early 2024.

2025-04-09

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Merck & Co.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Merck To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Merck between February 3, 2022 and February 3, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Merck & Co., Inc. ("Merck" or the "Company") (NYSE:MRK) and reminds investors of the April 14, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed below, the ...Full story available on Benzinga.com

2025-04-09

If companies start citing Trump tariffs in price hikes today, they’re taking advantage of consumers. Here’s why

President Trump's tariffs mean inflation is on the way, and consumer prices will rise, but it won't be immediate based on how the global supply chain operates.

2025-04-09

City OKs $2.3 million for industrial park

In an effort to attract a company and new jobs for local residents using the lure of a site-ready pad at Westwood Industrial Park, Mount Airy officials have approved spending $2.3 million to achieve that.

2025-04-09

ONE Gas First Quarter 2025 Conference Call and Webcast Scheduled

TULSA, Okla., April 8, 2025 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) will release its first quarter 2025 financial results after the market closes on Monday, May 5, 2025.

2025-04-09

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages TFI International Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TFII

NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TFI International Inc. (NYSE:TFII) between April 26, 2024 and February 19, 2025, both dates inclusive (the "Class Period"), of the important May 13, 2025 lead plaintiff deadline.SO WHAT: If you purchased TFI International securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the TFI International class action, go to https://rosenlegal.com/submit-form/?case_id=36984 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing ...Full story available on Benzinga.com

2025-04-09

Setting Recycled-Content Targets for Steel Under the ELV Regulation

A new study examines the contribution of scrap steel towards a more resilient European economy and circular automotive industry. In 2023, the European Commission released a proposal for a new End of Life Vehicle Regulation (ELVR). The proposal builds on and aims at replacing two existing Directives: Directive 2000/53/EC on end-of-life vehicles ... [continued]The post Setting Recycled-Content Targets for Steel Under the ELV Regulation appeared first on CleanTechnica.

2025-04-09

AP Business SummaryBrief at 10:44 p.m. EDT

Asian shares deepen losses after another Wall St retreat as tariffs due to take effect

2025-04-09

Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live - The Guardian

Asian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live The GuardianAnother Rocky Day in Markets: Stocks in Asia Resume Their Slide The New York TimesAsian Stocks Drop as Trump’s Tariff Deadline Nears: Markets Wrap Bloomberg.comJapan's Nikkei falls to track Wall Street amid growth worries ReutersAsia-Pacific markets fall as Trump's country-specific tariffs set to come into effect CNBC

2025-04-09

10-year Treasury yield spikes higher as Trump tariffs continue to rattle markets

U.S. Treasury yields surged Wednesday as U.S. President Donald Trump’s tariffs regime continued to rattle markets.At 5:40 a.m. ET, the 10-year Treasury jumped 10 basis points to 4.363%, with the 2-year Treasury yield rising 7 points to 3.808%.One basis point is equivalent to 0.01%. Yields and prices move in opposite directions.Investors are still reeling from the impact of U.S. President Donald Trump’s so-called reciprocal tariffs imposed on over 180 countries last week. Customs are expected to start collecting new tariffs on imports from 86 nations on Wednesday.A total tariff rate of 104% on Chinese imports went into effect overnight, after China retaliated with 34% tariffs on U.S. imports on Friday, with the two countries now embroiled in a full-blown trade war.Meanwhile, Canada retaliated with 25% tariffs on U.S.-made vehicles, including vehicles that aren’t compliant with the United States-Mexico-Canada Agreement.Investors are looking to the release of the consumer price index on Thursday and the Producer Price Index on Friday, which will offer fresh insights about the health of the U.S. economy.There are also some concerns after the Treasury Department’s auction on Tuesday for 3-year Treasury notes saw weak demand.“Perhaps even more alarmingly, U.S. Treasury markets are also experiencing an incredibly aggressive selloff as we go to press, adding to the evidence that they’re losing their traditional haven status,” Henry Allen, vice president and macro-strategist at Deutsche Bank, said in a note.“Given the scale of the rout, that’s raising questions about whether the Federal Reserve might need to respond to stabilise market conditions, and we can even see from fed funds futures that markets are pricing a growing probability of an emergency cut, just as we saw during the Covid turmoil and the height of the GFC in 2008.”

2025-04-09

Asian stocks slide with new Trump tariffs — notably on China — hours from taking effect - MarketWatch

Asian stocks slide with new Trump tariffs — notably on China — hours from taking effect MarketWatchAsian markets fall as Trump’s sweeping global tariffs, including 104% against China, due to take effect – business live The GuardianAnother Rocky Day in Markets: Stocks in Asia Sink The New York TimesAsian Stocks Drop as Trump’s Tariff Deadline Nears: Markets Wrap Bloomberg.comAsian shares deepen losses after another Wall St retreat as tariffs due to take effect AP News

2025-04-09

Rivington Co. sells William Ulmer Brewery site, acquires Brooklyn office building

A New York City developer has made a couple of moves in Brooklyn. Check them out.

2025-04-09

Auto giants fall to extend losses as Trump's sweeping global tariffs take effect

Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect. Germany’s Volkswagen, Mercedes-Benz Group and BMW were all trading more than 1% lower, with the latter notching a fresh 52-week low. Analysts warn that German car manufacturers are likely to be the most exposed to the U.S. trade measures. Picture Alliance | Picture Alliance | Getty ImagesA Volkswagen emblem, attached to a tower at the Volkswagen Osnabrück GmbH plant, can be seen behind a red traffic light.Europe’s auto giants slipped on Wednesday morning, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect — including a whopping 104% levy on China.Trump’s latest trade measures, which came into force as of 5 a.m. London time, include a 20% tariff on the European Union, a 24% tariff on Japan and a 49% levy on Cambodia.These “reciprocal” measures will be applied separately and not on top of existing U.S. auto tariffs, according to S&P Global.Last Thursday, the Trump administration implemented a 25% charge on all foreign cars imported into the U.S. The White House said it also intends to place tariffs on some auto parts no later than May 3.Shares of French car parts supplier Valeo traded down 4.3% on Wednesday morning, tumbling toward the bottom of the pan-European Stoxx 600 index.Germany’s Volkswagen, Mercedes-Benz Group and BMW fell as much as 3%, before paring losses, with the latter notching a fresh 52-week low.In Asia, Japan’s Nissan and Toyota fell 7% and 2.6%, respectively, on Wednesday. Analysts warn that German car manufacturers are likely to be the most exposed to the U.S. trade measures.“The tariffs are a blow for especially the German car makers which export hundreds of thousands of units to the US annually (749,000 in 2024) and produce many cars in the US itself which require European parts,” Rico Luman, senior sector economist for transport and logistics at Dutch bank ING, told CNBC in emailed comments.“It’s hard to work around the tariffs, and they seem to stay at least a while, so they need to deal with it and will have to reconsider product offerings, pricing and manufacturing footprints,” he added.China’s foreign ministry on Wednesday responded to the latest U.S. levies by pledging to take “resolute and forceful” measures to protect its own interests.An escalating trade war is expected to have a profound impact on the global car industry, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America.In the days since Trump’s auto tariffs came into effect, car giants have responded by announcing plans to raise prices, impose import fees, pause shipments, idle plants and even lay off staff.Bloomberg | Bloomberg | Getty ImagesA logo outside the BMW AG showroom in Madrid, Spain, on Friday, March 28, 2025.ING’s Luman said that, while a drop in U.S. unit sales will likely hurt German carmakers amid an already complex set of challenges, this picture “doesn’t look dramatic” just yet.“China is indeed even more important, and their home market require more attention,” Luman said. “I would say that bolstering competitive strength and selling more cars in the European home market (and perhaps develop other export markets across the world) will be the focus.”Tariff exposure“BMW and Mercedes are among the top exporters of cars by value from the US, thus the most exposed to retaliatory tariffs among the European automakers,” Rella Suskin, equity analyst at Morningstar, told CNBC by email.She added that both companies could face double tariffs on vehciles manufactured in Mexico and Canada.“However, we think most of the models that these companies manufacture in Mexico or Canada can easily be substituted with vehicles imported from Europe, which attract only the worldwide 25% auto tariff,” she added.

2025-04-09

Five Details That Most Observers Missed From SIPRI's Latest International Arms Trends Report

Five Details That Most Observers Missed From SIPRI's Latest International Arms Trends Report Authored by Andrew Korybko via substack,The Stockholm International Peace Research Institute (SIPRI), which is regarded as the top authority on the international arms trade, released its latest report about related trends from 2020-2024 last month. Their fact sheet did a nice job pointing out such trends as the 64% drop in Russian arms exports between 2015-2019 and 2020-2024 as well as Qatar more than doubling its arms imports to become the world’s third-largest importer, but there are still five details that evaded most observers:1. Israel Isn’t Among The US’ Top Ten Arms RecipientsSIPRI casually mentioned that “Israel was the 11th largest recipient of US arms exports in 2020–24 with a share of 3.0 per cent” right after reporting that Saudi Arabia received 12% and Qatar 7.7%. Framed differently, the Saudis received four times as many arms as Israel did and Qatar two and a half times, which challenges popular perceptions of Israel’s role in the US’ military-industrial complex. These facts deserve further reflection, but the conclusions might upset some activists in the Alt-Media Community.2. The US Is Replicating Russia’s “Military Diplomacy”Russia is known for practicing a policy of “military diplomacy” whereby it arms friendly pairs of rivals (Armenia-Azerbaijan, China-India, China-Vietnam, etc.) with the intent of maintaining the balance of power between them and thus advancing political solutions to their disputes. The US is now replicating that policy in the Gulf by arming Saudi Arabia and Qatar, which still view each other suspiciously despite their nominal rapprochement, but it’s unclear whether this can help keep the peace between them.3. Italy Relied On The Mideast To Double Its ExportsItaly surprised everyone by more than doubling its arms exports to become the world’s sixth-largest supplier upon carving out a comfortable niche for itself in the Mideast. Qatar (28%), Egypt (18%), and Kuwait (18%) collectively constitute almost 2/3 of its sales over the past half-decade and little less than a quarter (24%) of Turkiye’s arms imports came from Italy during this time too. Italy also now has more “other armoured vehicles” on order or preselected for future sales than any of its competitors too.4. Poland’s Arms Transfers To Ukraine Were DonationsSIPRI lists Poland as the world’s 13th-larget arms exporter during this period due to it transferring over 40x more equipment than during the last one, 96% of which was to Ukraine, but they omitted to mention that these were all donations. According to its outgoing president’s official website, Poland gave more tanks, infantry fighting vehicles, and aircraft to Ukraine than anyone else. Since they were all transferred pro bono, however, that should have been explicitly mentioned in SIPRI’s report.5. The Chinese-Serbian Arms Trade Deserves AttentionOne of the most intriguing trends from SIPRI’s report is that China’s second-largest arms market is Serbia at 6.8% of its exports, which comprised 57% of Serbia’s imports, nearly three times as many as from Russia (20%). This proves that Serbia’s pro-Western military pivot, which was analyzed here in January after its Chief of General Staff admitted that sanctions led to lost Russian arms contracts, is milder than thought. Evidently, Serbia envisages balancing between China and the EU, which is a unique policy.The abovementioned five details are nowhere near as significant as the top takeaways that from SIPRI’s fact sheet, but they’re nevertheless still important enough that observers should be aware of them and then monitor how they might develop. The US’ Russian-inspired “military diplomacy” in the Gulf and Italy’s unexpected rise as a major Mideast arms dealer are the main ones to pay attention to if observers are pressed to choose since they could have a much greater geopolitical impact than the other three. Tyler DurdenTue, 04/08/2025 - 22:35

2025-04-09

Another Rocky Day in Markets: Stocks in Asia Sink - The New York Times

Another Rocky Day in Markets: Stocks in Asia Sink The New York TimesThe Latest: Asia shares sink as US tariffs take effect SFGATEAsian markets plunge as Trump’s global tariff turmoil deepens CNNSouth Korea's Kospi in bear market as Trump's country-specific tariffs kick into high gear CNBCStocks slide in Asia as recession fears pummel sentiment, oil hits 4-yr lows Reuters

2025-04-09

With a Fresh US Tariff Kicking In, China Faces ‘Huge Challenge’ at Home: Analysts

The extra tariffs are set to hit China's exports, a key pillar of the CCP's ailing economy.

2025-04-08

Union Home Foundation Celebrates Completion of New Home Build with Greater Cleveland Habitat for Humanity

Welcomes Habitat Family to Their New Home STRONGSVILLE, Ohio, April 8, 2025 /PRNewswire/ -- The Union Home Foundation is excited to announce the completion of their recent home build with Greater Cleveland Habitat for Humanity, which was commemorated with a dedication ceremony at the home...

2025-04-08

Dow rallies 1,300 and S&P 500 jumps 3.7% as hopes for tariff negotiations deliver some relief

NEW YORK (AP) — Some relief is flowing through financial markets worldwide Tuesday, and stocks are bouncing to recover a bit of their historic losses since President Donald Trump dramatically raised the stakes in his trade war last week.

2025-04-08

3CLogic and Glidefast Expand Partnership to Deliver Integrated Contact Center Solutions for ServiceNow®

Two leading industry partners enter into new distribution agreement to deliver combined CRM and CCaaS solutions to ServiceNow ecosystem. ROCKVILLE, Md., April 8, 2025 /PRNewswire/ -- 3CLogic, the leading AI-powered contact center platform purpose-built for ServiceNow®, today announced an...

2025-04-08

Bankrupt airline gets permission to still buy planes

The carrier filed for bankruptcy protection in February 2024.

2025-04-08

Taking one personal finance class in high school has a lifetime benefit of roughly $100,000

Taking a financial education class in high school pays off, many studies show.

2025-04-08

Dow rallies 1,300 and S&P 500 jumps 3.7% as hopes for tariff negotiations deliver some relief - AP News

Dow rallies 1,300 and S&P 500 jumps 3.7% as hopes for tariff negotiations deliver some relief AP NewsUS stocks off to major bounce back from their tariff doom spiral CNNStock Market Today: Dow Rallies 800 Points; S&P 500, Nasdaq Climb on Tariff Deal-Making — Live Updates WSJGlobal Stocks Recoup Some Losses Amid Trump Tariff Tensions The New York TimesU.S. stock markets bounce back after Trump tariffs shock — but nerves abound NPR

2025-04-08

Pacira Settles Patent Dispute Over Exparel With Fresenius, Delays Pain Med' Generics Entry Until 2030, Stock Jumps

Pacira BioSciences, Inc. (NASDAQ:PCRX) on Monday settled its litigations with Fresenius Kabi USA, Jiangsu Hengrui Pharmaceuticals Co., Ltd., and eVenus Pharmaceuticals Laboratories, Inc. related to patents for Exparel (bupivacaine liposome injectable suspension).Exparel is Pacira BioSciences' non-opioid analgesic pain management and is indicated for postsurgical analgesia.As part of the settlement, the parties will file Consent Judgments with the United States Court of Appeals for the Federal Circuit and the United States District Courts for the District of New Jersey and the Northern District of Illinois that enjoin Fresenius from marketing generic bupivacaine liposome injectable suspension before the expiration of the patents-in-suit.In settlement of all outstanding claims in the litigations, Pacira has agreed to provide Fresenius with a license to Pacira’s patents required to manufacture and sell certain volume-limited amounts of generic bupivacaine liposome injectable suspension in the U.S. beginning on a confidential date that is sometime in ...Full story available on Benzinga.com

2025-04-08

Cosmos Health Launches Sky Premium Life in Albania through Partnership with Pharma Cell; Secures Initial $300,000 Order

CHICAGO, April 08, 2025 (GLOBE NEWSWIRE) -- Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today the launch of its Sky Premium Life food supplements brand in Albania, in partnership with Pharma Cell, a leading consumer health and medical supplement company that will serve as the distributor in the country.Cosmos Health has secured an initial annual order worth $300,000 and anticipates further scaling its collaboration with Pharma Cell over time.Pharma Cell, based in Tirana, is a fast-growing pharmaceutical company specializing in the import and export of high-quality food supplements. Founded in 2021 by CEO Elvis Punmira, an economist with over 18 years of industry experience, the company builds on a family legacy in the pharma sector dating back to the 1990s. With distribution rights for several international brands, Pharma Cell has rapidly expanded its presence across the country, serving a growing network of pharmacies and healthcare professionals.Greg Siokas, CEO of Cosmos Health, stated: "Sky Premium Life continues to see strong international growth, and it's a great pleasure to welcome our new collaboration with Pharma Cell. We look forward to working together ...Full story available on Benzinga.com

2025-04-08

Amazon is selling a 'cozy' $100 cotton quilt set for only $40 that'll make you feel like you're in a hotel

"If you’re looking for a bedspread that is light and cozy, you will love this."

2025-04-08

Federal election promise tracker: From Trump's tariffs to immigration, here’s what the major parties are pledging

Here’s what the Liberals, Conservatives and NDP have promised during the election campaign.

2025-04-08

Developer breaks ground on Hollywood apartments with $14M loan

A Miami-Dade-based developer is building the apartments.

2025-04-08

Elon Musk's net worth dropped below $300 billion - Business Insider

Elon Musk's net worth dropped below $300 billion Business InsiderEverything is blowing up in Elon Musk’s face CNNHow Trump’s Tariffs Will Impact Elon Musk’s Empire ForbesElon Musk 'angry' at Trump after losing $300bn for first time since Nov 2024 amid rift reports? The Economic TimesZuckerberg, Bezos and Musk each lose more than $23 billion after Trump tariffs spark market meltdown CNBC

2025-04-08

China says it will 'fight to the end' after Trump threatens to impose still more tariffs

BEIJING (AP) — China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.

2025-04-08

Vietnam has been a big beneficiary of global trade — Trump's new tariffs threaten to derail that

Concerns are mounting that U.S. President Donald Trump’s aggressive tariffs could derail Vietnam’s ambitious growth target despite diplomatic overtures to Washington that economists say are unlikely to shift policy soon. Vietnam will face a more challenging path to reach a deal with Washington than others in Asia, said Chetan Ahya, chief Asia economist at Morgan Stanley, thanks in part to its large trade surplus with the U.S. and its role in facilitating the rerouting of Chinese companies’ supply chains. The country derived nearly 90% of its annual gross domestic product from exports of goods and services in 2023, according to estimates from the World Bank.Vietnam has long been viewed as a successful example of embracing external trade, luring some of the largest companies in the world to establish hubs to manufacture everything from footwear to electronic products that grace shops around the world.But now, concerns are mounting that U.S. President Donald Trump’s aggressive tariffs could derail Vietnam’s ambitious growth target despite diplomatic overtures to Washington that economists say are unlikely to shift policy soon.Trump hit the Southeast Asian nation with a 46% import duty, one of the steepest among the over 180 countries targeted, dealing a heavy blow to a nation that derived nearly 90% of its annual gross domestic product from exports of goods and services in 2023, according to estimates from the World Bank.The new levies could shave 1.2 percentage point off Vietnam’s economic growth this year, according to estimates by a team of economists at OCBC Bank, prompting them to lower their GDP forecast for the country to 5% in 2025. That would mark a significant dent to Hanoi’s ambitious target of “at least 8%” this year.Growth in the Southeast Asian economy has already slowed this year, expanding 6.93% in the first quarter, down from 7.55% the quarter before.Vietnam has emerged as a manufacturing hub for many companies that sell goods in the U.S., including multinational consumer goods retailers such as Nike, Adidas, Uniqlo and Apple Inc, because of a blend of relatively cheap labor costs and supportive government policies.According to Nike’s annual earnings report for 2024, factories in Vietnam manufactured 50% of its footwear and 28% of its apparel products, while Adidas sourced 39% of its footwear items from Vietnam last year. Apple has also expanded its manufacturing presence in Vietnam in recent years, with around 20% of iPad production and 90% of Apple’s wearable product assembly like Apple Watch taking place in Vietnam.Since the last U.S.-China trade war erupted during Trump’s first term in 2018, many Chinese manufacturers have also moved their production to Vietnam to avoid U.S. tariffs.Vietnam’s trade surplus in goods with the U.S. more than tripled to a record high of $123.5 billion last year from less than $40 billion in 2018, according to U.S. data which pegged Vietnam’s goods exported to the U.S. at $136.6 billion in 2024.The new levies announced by Trump last week could slash Vietnam’s total goods exports by as much as 40% this year, according to OCBC Bank. The bank cited data from Vietnam’s customs authority, which showed that Vietnam’s goods exports to the U.S. accounted for around 30% of its total trade turnover.The new duties may also reduce the allure of setting up a manufacturing base in the country, weighing on foreign direct investment flowing into Vietnam.But as is often the case with international trade statistics, there are discrepancies between the official numbers reported by the U.S. and Vietnam, partly because of differences in valuation methods.Nguyen Thu Oanh, head of the inflation department at the statistics office, said Sunday the new U.S. tariffs could lead some foreign companies to move part of their production out of Vietnam, Bloomberg reported.“The reciprocal tariffs on ASEAN and India will hurt the ‘China+1’ strategy that has benefited the region for some years now,” said the economists at OCBC Bank, but “it will take time for global supply chains to adjust.”Tough road for dealAside from China, Vietnam will face a more challenging path to reach a deal with Washington than others in Asia, said Chetan Ahya, chief Asia economist at Morgan Stanley, thanks in part to its large trade surplus with the U.S. and its role in facilitating the rerouting of Chinese companies’ supply chains.After a phone call with Trump last Friday, Vietnam’s party chief To Lam said in a readout that the country is willing to remove all levies on U.S. imports, bringing the tariff rate to 0% if the Trump administration does the same for Vietnamese exports to the U.S.He also reiterated Hanoi’s commitment to boosting imports from the U.S. to reduce the bilateral trade surplus and encouraged American companies to increase investments in Vietnam.In response to questions about Vietnam’s zero-tariff offer, White House trade advisor Peter Navarro said it was not enough to warrant a cancellation of the new levies.“Let’s take Vietnam. When they come to us and say ‘we’ll go to zero tariffs,’ that means nothing to us because it’s the nontariff cheating that matters,” Navarro told CNBC’s “Squawk Box.”The examples of “nontariff cheating” cited by Navarro included Chinese products being routed through Vietnam, intellectual property theft and value-added tax on goods, which Trump has criticized as hidden trade barriers.In the lead-up to Trump’s widespread “reciprocal tariffs,” Hanoi sought to offer trade compromises, including lowering tariffs on several U.S. products, such as liquefied natural gas and cars, and approving a trial run for the Starlink satellite internet service in the country.China has retaliated with a 34% additional tariff on all U.S. goods, but most Asian economies have chosen to refrain from direct retaliation.Asian economies’ negotiation with the U.S. may not “yield desired results, especially for countries running large trade surplus with the U.S., such as Vietnam,” said Michael Wan, senior Asia economist at MUFG Bank.While Vietnam’s negotiation with the Trump administration may “bear some fruits,” it is unlikely the U.S. will offer to cut tariffs “drastically” from proposed levels, he said.China’s retaliation has complicated Vietnam’s negotiations with U.S., as policymakers worry Chinese firms might exploit the more lenient tariffs on Vietnam, Wan said.

2025-04-08

Japan leads Asian equity bounce, yields rise on trade optimism - Reuters

Japan leads Asian equity bounce, yields rise on trade optimism ReutersTrump Tariffs Live Updates: Global Stocks and U.S. Futures Drop as Trade War Intensifies The New York TimesAsian Traders Brace for Swings as US Futures Rise: Markets Wrap Bloomberg.comJapan stocks rise over 6% as Asia-Pacific markets trade higher after previous session's steep losses CNBCWorld markets plunge with Japan's Nikkei diving nearly 8% after big Wall St. meltdown NPR

2025-04-08

NAB business confidence plummets

The February print was also revised lower to -2 (from -1), following an upwardly revised +5 in January. “Confidence remains in negative territory and well below the long-run average,” said NAB’s newly appointed chief economist Sally Auld. “This was before the reciprocal tariff announcements in early April, which may flow through to forward looking measures [...]

2025-04-08

Kremlin Complains Its Questions On Ukraine Ceasefire Unanswered By US

Kremlin Complains Its Questions On Ukraine Ceasefire Unanswered By US The Kremlin has complained that progress toward achieving Ukraine war ceasefire talks with the United States has been stalled as it awaits answers to key questions issued to the Trump administration.President Vladimir Putin still supports the idea of a ceasefire, a new Monday Kremlin statement said, but Russia has yet to be given answers which could bring progress to talks. Moscow has called these "crucial conditions" which must be me before any future ceasefire can take effect."President Putin does support the idea of the need for a ceasefire, but before that a number of questions must be answered," Putin spokesman Dmitry Peskov told reporters."These questions are still hanging in the air; so far no one has given an answer to them," he emphasized.For example, Putin has said there would have to be some kind of agreed-upon verification mechanism to ensure Ukraine's military doesn't rearm during any truce period.But the Kremlin has also said it is dubious this could ever actually be achieved in reality due to the significant numbers of "extremist and nationalist units" within the Ukrainian military's ranks.Putin had starting in mid-March conveyed a list of conditions in response to a proposed 30-day US-backed ceasefire, via state media translation:—“guarantees that during the 30-day ceasefire, Ukraine will not conduct mobilization, will not train soldiers, and will not receive weapons,” Putin said during a press briefing with his Belarusian counterpart Alexander Lukashenko in Moscow.—“These 30 days — how will they be used? To continue forced mobilization in Ukraine? To receive more arms supplies? To train newly mobilized units? Or will none of this happen?” Putin asked.—Enforcing a ceasefire over such a vast battlefield would be difficult, he added, violations could be easily disputed, leading to a blame game between both sides. Systems of “control and verification” to monitor a ceasefire are not in place but should be agreed.Also, back in January Putin had explained why a short-term truce will be rejected. He had said at the time, "The goal should not be a short truce, not some kind of respite for regrouping forces and rearmament with the aim of subsequently continuing the conflict, but a long-term peace based on respect for the legitimate interests of all people, all nations living in this region."Rubio last week: "We’re not interested in negotiations about negotiations, this thing will not last forever."‘We’re not interested in negotiations about negotiations, this thing will not last forever’ – #Marco_Rubio on Ukraine talks progress#USA | #Ukraine | #Russia pic.twitter.com/w2DmWjYYea— ⚡️🌎 World News 🌐⚡️ (@ferozwala) April 4, 2025Currently an 'energy site ceasefire' is on, but since it was supposedly agreed to by both Moscow and Kiev last month, both have complained of repeat violations. Russia says it has submitted a list of these violations to Washington but hasn't received a response on this either. Tyler DurdenMon, 04/07/2025 - 22:35

2025-04-08

Newly built Rally apartment building on the market for $38.5M

A boutique apartment building in a prime location near the border of Fishtown and Olde Kensington is on the market for nearly $40 million.

2025-04-08

Award-winning whiskey brand files for Chapter 11 bankruptcy

Gold medal-winning whiskey brand files for bankruptcy protection.

2025-04-07

Rumors fuel wild volatility on Wall Street as stocks meltdown persists in Europe and Asia - Daily Mail

Rumors fuel wild volatility on Wall Street as stocks meltdown persists in Europe and Asia Daily MailView Full Coverage on Google News

2025-04-07

Trump tariffs make Easter bittersweet for Swiss chocolatiers

At the Festichoc chocolate festival in Geneva over the weekend, Trump administration tariffs announced last week did little to sour the mood on Switzerland’s most famous sweets

2025-04-07

Bio-Implants Market Size to Reach USD 271.47 Billion by 2034

The global Bio-implants market size was estimated at USD 138 billion in 2024 and is anticipated to reach around USD 271.47 billion by 2034, growing at a CAGR of 7% from 2024 to 2034. A study published by Statifacts a sister firm of Precedence Research. The global Bio-implants market size was estimated at USD 138 billion in 2024 and is anticipated to reach around USD 271.47 billion by 2034, growing at a CAGR of 7% from 2024 to 2034. A study published by Statifacts a sister firm of Precedence Research.

2025-04-07

Trump and Netanyahu will meet on tariffs, the war in Gaza and more

Israeli Prime Minister Benjamin Netanyahu will meet President Donald Trump in Washington on Monday, becoming the first foreign leader to visit Trump since he unleashed tariffs on countries around the world. Whether Netanyahu’s visit succeeds in bringing down or eliminating Israel’s tariffs remains to be seen, but how it plays out could set the stage [...]

2025-04-07

Bibi In Washington: 1st Foreign Leader To Negotiate Removal Of Trump's Tariffs In Person

Bibi In Washington: 1st Foreign Leader To Negotiate Removal Of Trump's Tariffs In Person Israeli Prime Minister Benjamin Netanyahu arrived in Washington on Sunday for a visit to the White House, in a stay which is planned through Tuesday. The two leaders are meeting Monday afternoon.He will be the first foreign leader to meet President Trump in-person in an effort to negotiate a deal to remove Trump's tariffs, which for Israel is a 17% rate, the result of a significant US bilateral trade deficit."Upon his arrival in Washington with his wife, Sara Netanyahu, the premier headed from the airport to Blair House in a convoy, where he met with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer," Israeli media wrote.Via Associated PressAnd Axios noted just ahead of the the trip that Israel tried to "avoid the tariffs Trump imposed on nearly every country in the world by announcing it would preemptively lift all tariffs on U.S. products. It didn't work."This visit, which is Netanyahu's second to the White House since Trump took office (the first was in early February), was by all accounts rather hastily put together, and also high on the agenda will be the Gaza crisis. Currently there are still 59 hostages still in Hamas and Islamic Jihad captivity - with many feared deceased.Israel has controversially expanded the war, and now has Rafah surrounded once again and has ordered an evacuation of the civilian population. Hundreds of thousands have fled the southern Gaza city, also as basic necessities of life for the Palestinian population are running out.Netanyahu’s office has has further indicated that "Israel-Turkey relations, the Iranian threat and confronting the International Criminal Court" will be on the agenda.Trump may emerge from the meeting declaring that Israel is an example of how his tariff policy is working - that foreign capitals will come scrambling to negotiate.One interesting aspect to Netanyahu's travels is the impact the International Criminal Court (ICC) warrant is having on his itinerary. He's still not able to visit most of the European continent, and last week's Hungary trip was the first, after Budapest declared it would not arrest him or cooperate with the ICC.Times of Israel pointed out that "The Wing of Zion state plane took a flight path that increased the journey from Budapest to Washington by some 400 kilometers in order to avoid flying over countries seen as likely to enforce the arrest warrant issued against him by the International Criminal Court should the plane be forced to make an emergency landing."Isn't it interesting that Israel had huge tariffs on American goods, despite the billions in money we send them, and nobody who is currently outraged at Trump ever said anything about this nonsense? pic.twitter.com/iNmDSDuRnF— Cernovich (@Cernovich) April 7, 2025"As Israel believes that Ireland, Iceland and the Netherlands would all enforce the ICC warrant, issued for alleged war crimes in Gaza, Wing of Zion instead flew over Croatia, Italy and France," the report added.Hungary last week declared it is exiting membership in the The Hague-based ICC due to the action against Netanyahu, with PM Viktor Orban decrying that it's a "political tool" of Israel's enemies. The Trump White House is certainly on board with Orban's decision. Tyler DurdenMon, 04/07/2025 - 10:45

2025-04-07

ETFs Last Week: These 5 Funds Defied Wall Street's Bloodbath

Global markets were shaken last week when President Donald Trump rolled out bold new tariffs, fueling the specter of a full-blown trade war and causing one of Wall Street’s most precipitous selloffs since the pandemic crash of 2020. With China and other trading giants retaliating, investor panic sent the S&P 500 plummeting 10.5% over two days, with the Nasdaq 100 dropping into bear market lands. In the midst of mayhem, volatility skyrocketed—and a handful of bear and volatility-biased ETFs were rare beneficiaries.Also Read: Trump’s ‘Reciprocal Tariff’ Math: A Masterclass In Economic AbsurdityThese are five ETFs that posted exceptional performances amid the carnage in the markets:ProShares VIX Short-Term Futures ETF (BATS:VIXY) – 45.5% upThis volatility spike-profiting ETF jumped as panicked investors rushed to buy protection. It is tied to an index of CBOE Volatility Index (VIX) futures contracts .iPath Series B S&P 500 VIX Short-Term Futures ETN ...Full story available on Benzinga.com

2025-04-07

Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments - Reuters

Trump adviser Navarro dismisses Musk as 'car assembler' after tariff comments ReutersElon Musk hopes for ‘zero-tariff situation’ between US and EU CNNMusk says he hopes for 'zero tariffs,' freedom of trade zone between US and Europe Fox NewsMusk vs Navarro: Is the Trump team divided on tariffs? Al JazeeraMusk, Navarro tangle on tariffs The Hill

2025-04-07

Stocks are making wild swings as markets try to assess the potential damage from President Donald Trump’s trade war

Stocks are sharply swinging down, up, then down again on Wall Street as markets try to assess the potential damage from President Donald Trump’s global trade war.

2025-04-07

US Stock Futures Slide as Tariff-Fueled Market Meltdown Continues - Investopedia

US Stock Futures Slide as Tariff-Fueled Market Meltdown Continues InvestopediaDow futures tumble as the massive market sell-off continues CNNWhat's Next For Global Markets as Trump's Tariff Fallout Spreads Bloomberg.comCNBC Daily Open: The trade wars begin CNBCU.S. stock futures fall and Asian markets open sharply lower as Trump tariffs shock continues NBC News

2025-04-07

India's Nifty 50 set for sharp drop amid global trade war, US recession fears - Reuters

India's Nifty 50 set for sharp drop amid global trade war, US recession fears ReutersTrump Tariffs Live Updates: Sensex plunges nearly 3,000 points as global markets reel from tariff turmoil Times of IndiaStock Market Crash: Rs 19 lakh crore wiped out as Sensex starts with whopping 3,000-pt cut, Nifty below 21 The Economic TimesStock markets live updates: Japan's Nikkei diving nearly 8%; India's Nifty 50 set for sharp drop Hindustan TimesStock Market Crash Live: Nifty Nearly 1,000 Points Lower, Sensex Falls 4% NDTV Profit

2025-04-07

Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

2025-04-07

Mark Cuban Says Between 'Free Trade' Elon Musk And 'Full Tariff' Trump, It Is The President Who Will Win As Stocks Futures Tank

As Donald Trump's newly imposed tariffs cause turbulence in the stock market, Elon Musk has advocated for a zero-tariff policy — but the billionaire investor Mark Cuban predicts the President's plan will ultimately win in this debate.What Happened: On Friday, the stock prices of some of the largest tech companies, known as the "Magnificent 7" — Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms, Inc. (NASDAQ:META), Nvidia Corporation (NASDAQ:NVDA), and Tesla Inc. (NASDAQ:TSLA) continued to take a sharp dive as a direct result of the trade war initiated by Trump's tariffs.Apple saw a 7.29% drop, ending at $188.38, while Microsoft dropped 3.56%, closing at $359.84. Amazon fell by 4.15%, and Alphabet's shares decreased by 3.40% (Class A) and 3.20% (Class C).See Also: Jim Cramer Says He Is ‘Pro-Tariff’ And Hates ‘Free Trade:’ ‘It’s Cost Us Fortunes’Meta, Nvidia, and Tesla experienced even greater declines, with Meta dropping 5.06% to $504.73, Nvidia falling 7.36% to $94.31, and Tesla plummeting 10.42% to $239.43, according to data from Benzinga Pro.Amid the turmoil, Musk voiced ...Full story available on Benzinga.com

2025-04-07

ClearBridge Expands VMware Practice Through Enhanced Broadcom Partnership and Addition of Expert VMware Talent

BILLERICA, Mass., April 6, 2025 /PRNewswire/ -- ClearBridge is proud to announce the expansion of its VMware by Broadcom practice through an enhanced partnership with Broadcom and the addition of more than 50 full-time VMware consultants, architects, project and practice managers,...

2025-04-07

CNBC Daily Open: Trump tariffs spark trade war, decimating stocks

U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang tough” in a Truth Social post late Friday. Over the weekend, the European Union was reported to also be readying tariffs, targeting up to $28 billion of U.S. imports, marking the latest escalation in this conflict. China and Canada had also announced retaliatory measures last week. With such market losses, a predicted rise in consumer prices, and an increased risk of a recession from tariffs, it is admittedly hard to see what “victory” looks like for Trump who said in 2018 that “trade wars are good, and easy to win!“— Lim Hui JieWhat you need to know todayMarkets set to extend losses U.S. stock futures dropped on Monday morning, portending a third day of losses after a two-day historic stock market rout. Dow Jones Industrial average futures fell 1,033 points, or 2.68%, pointing to another brutal session ahead on Monday. S&P 500 futures shed 3.34%. Nasdaq-100 futures lost 4.26% as investors continued to shed their one-time tech winners to raise cash. Asia-Pacific markets extended their sell-off on Monday as fears over a global trade war fueled a risk-off mood. Hong Kong markets led losses in the region, with the Hang Seng Index declining 10.37%. Mainland China’s CSI 300 fell 6.31%.Japanese yen and Swiss franc top hedges against tariffsU.S. President Donald Trump’s fresh of swathe reciprocal tariffs has pushed investors toward safe haven assets. The Japanese yen, Swiss franc, bonds, as well as a few other “exotic” assets, have emerged as some of their top hedges.Crypto joins market routBitcoin fell below the $79,000 level Sunday as investors braced for more financial market volatility. The cryptocurrency is down 15% in 2025 and, absent a crypto-specific catalyst, is expected to continue moving in tandem with equities as global recession fears overshadow any regulatory tailwinds crypto was expected to benefit from this year.‘Tariffs are coming’: Commerce Secretary LutnickCommerce Secretary Howard Lutnick said the White House will not postpone the April 9 start date for reciprocal tariffs. Speaking to CBS’s “Face the Nation” Sunday, Lutnick said, “they are definitely going to stay in place for days and weeks,” adding “the president needs to reset global trade. Everybody has a trade surplus and we have a trade deficit.” Bessent dismisses recession fears Treasury Secretary Scott Bessent on Sunday dismissed concerns Americans might be having about a potential impending recession and the status of their retirement plans, saying that President Donald Trump and his administration are “building the long-term economic fundamentals for prosperity.” Speaking to NBC News’ “Meet the Press,” Bessent called it a “false narrative” that Americans who are close to retiring may be reticent to do so after their retirement savings may have dropped this week due to the stock market downturn. “In fact, most Americans don’t have everything in the market,” Bessent added.[PRO]Berkshire Hathaway weathers market routWarren Buffett’s Berkshire Hathaway fared better than the S&P 500 in a brutal week as investors embraced the safety of a cash-rich conglomerate, seeing softer losses compared to the broad market index. Domestically-oriented Berkshire, which also owns large manufacturing, energy and retail businesses, is still up about 8% this year.And finally...Peter Parks | Afp | Getty ImagesA man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025.China says ‘market has spoken’ after Trump tariffs spark global stocks routChina’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs and called for the White House to defuse the escalating trade war through “equal-footed consultation.”This comes as U.S. markets fell sharply for a second consecutive day on Friday, with all three major indexes dropping by more than 5% as part of a global rout.The market turmoil was exacerbated on Friday when China’s Finance Ministry announced it would impose a 34% tariff on all goods imported from the U.S. starting on April 10.

2025-04-07

European markets expected to extend losses as global tariff rout deepens

This is CNBC’s live blog covering European markets.European stocks are expected to begin the new trading week in negative territory, as U.S. President Donald Trump’s tariffs regime continues to send shock waves through global markets. London’s FTSE 100 is set to shed 2% at the open, according to IG, while the German DAX is slated to move 5% lower and France’s CAC 40 is expected to lose 3.7%.Last week, the regional Stoxx 600 index notched an 8.4% loss, marking its worst week in five years. In the past decade, the Stoxx 600 only performed worse at the beginning the Covid-19 pandemic in 2020.Trump announced his full list of so-called reciprocal tariffs, with investors surprised by the extent to which imports from key U.S. trading partners would be hit with new duties.The move also sparked fears of a global trade war, with China retaliating by slapping 34% tariffs on U.S. goods and the EU vowing to impose countermeasures of its own if negotiations with America fail.On Wall Street, stocks tanked toward the end of last week, with the “Magnificent Seven” mega-cap tech stocks losing more than $1 trillion in a single day. On Friday morning, U.S. stock futures moved lower as the tariffs fallout continued.Overnight in Asia, stocks also continued to sell off, led by shares listed in China. Asian economies are set to be among those hit hardest by reciprocal tariffs, with Vietnam targeted by 46% duties, China with new 34% tariffs, while Cambodia has been hit with 49% tariffs and Sri Lanka with 44%. Many of the region’s economies play key roles in international firms’ supply chains.Despite the market reaction, Trump has doubled down on his trade policies. On Sunday, the president told reporters that while he didn’t want markets to go down, “sometimes you have to take medicine to fix something.”Japanese yen and Swiss franc top hedges against Trump tariffs, according to analystsInvestors are flocking to safe haven assets after U.S. President Donald Trump announced a swathe of reciprocal tariffs last week — and some are looking at the Japanese yen, bonds, as well as a few other “exotic” assets.“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research.Read the full story here. — Lee Ying Shan and Lim Hui JieOil giant Shell trims first-quarter LNG production outlookBrandon Bell | Getty Images News | Getty ImagesA Shell logo in Austin, Texas.British oil major Shell trimmed its first-quarter liquefied natural gas production outlook.In a trading update published Monday, the London-listed company said LNG liquefication volumes would likely reach between 6.4 million and 6.8 million metric tons, down from a previous forecast of 6.6 million to 7.2 million tons.Shell said first-quarter exploration well write-offs were expected to be around $100 million.The energy major is scheduled to report first-quarter earnings on May 2.

2025-04-07

Top of The List: Nashville's largest tourist attractions

What are the largest tourist attractions in Nashville? We're counting down the top 5.

2025-04-07

Stocks fall in Asia ahead of US openings

Stocks have fallen in Asia and Australia amid economic turmoil stemming from President Trump’s sweeping tariffs. At 9:26 p.m. Eastern time Sunday, Japan’s Nikkei 225 was down close to 1,990 points, or 5.89 percent. South Korea’s Kospi had also fallen over 100 points, or 4.37 percent, by 9:29 p.m. Eastern time, and Australia’s S&P/ASX 200...

2025-04-07

Watch These Bitcoin Price Levels as Cryptocurrency Drops Below $80K Amid Tariff Worries - Investopedia

Watch These Bitcoin Price Levels as Cryptocurrency Drops Below $80K Amid Tariff Worries InvestopediaBitcoin drops Sunday evening as cryptocurrencies join global market rout CNBC‘Ugly’ Monday Crash Warning As Sudden $1.3 Trillion Crypto Price Meltdown Hits Bitcoin, Ethereum, XRP, Solana And Dogecoin ForbesBitcoin (BTC) Plunges Into Asia Open as Crypto Feels Trade War Pain BloombergBitcoin Is Falling Amid Global Market Swoon Barron's

2025-04-07

Short and long nonstops mark notable week at BNA

Nashville International Airport welcomes three new nonstop routes this week — one very short and two very long — that all speak to the unrelenting expansion of Greater Nashville and BNA itself.

2025-04-07

Stock Market Today: Trump Defends Tariff Use; Dow Futures Tumble 1,500 Points - WSJ

Stock Market Today: Trump Defends Tariff Use; Dow Futures Tumble 1,500 Points WSJHong Kong's Hang Seng plunges nearly 10%, mainland's China CSI 300 slumps about 5% on trade war worries CNBCStocks fall in Asia ahead of US openings The HillJapan Nikkei plunges at least 8% after open CNNAsian share markets routed in early trading as Trump says ‘you have to take medicine’ The Guardian

2025-04-07

Dan Ives Cuts Tesla Target To $315, Slashes Apple By 23% Amid Tariff Fallout, Warns Elon Musk-Led EV Maker Faces 'Darker Days' Ahead

Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. (NASDAQ:TSLA) price target to $315 from $550 while maintaining an “outperform” rating, citing growing concerns about the electric vehicle maker’s brand perception and softening demand.What Happened: “Our long-standing bull view of Tesla remains, but there is no denying this is a pivotal moment of truth for Musk to turn things around...or darker days are ahead,” Ives stated in a recent note shared by Tesla investor Sawyer Merritt on X.The reduced outlook comes as Tesla faces multiple challenges. The company reported a 13% decrease in first-quarter deliveries, marking its lowest performance in nearly three years, despite introducing a refreshed Model Y in China in February.Gene Munster of Deepwater Asset Management linked Tesla’s struggles to recent brand damage and predicted 2025 deliveries could drop 9% from the 1.79 million vehicles delivered last year. Deutsche Bank analysts similarly forecast a 5% sales decline.NEWS: Wedbush analyst Full story available on Benzinga.com

2025-04-06

Consumer Tech News (Mar 31-Apr 4): China Plans Retaliation Against Trump's Tariffs Change, Meta To Release $1,000 Version Of Its Smart Glasses & More

The White House is set to hold a meeting with key officials to discuss the future of TikTok, as the app faces an April 5 deadline to secure a non-Chinese buyer or face a potential U.S. ban.China announced a series of retaliatory measures on Friday in response to President Donald Trump‘s tariffs on Chinese goods, escalating the trade conflict between the two largest global economies. President Donald Trump‘s 25% tariffs on auto imports have sent shockwaves through the integrated North American automotive supply chain, prompting divergent responses from major manufacturers as United Auto Workers leadership criticizes job cuts.Gaming & SmartphonesNintendo ADR (OTC:NTDOY) announced key details surrounding the Switch 2 during Nintendo Direct, revealing a June 5 launch date and a $450 price tag.The standard console will be accompanied by a $500 bundle that includes a digital copy of Mario Kart World, the first installment in the beloved franchise built exclusively for the new hardware.Apple Inc. (NASDAQ:AAPL) has officially released iOS 18.4, iPadOS 18.4, macOS 15.4, and VisionOS 2.4, bringing a range of new features to its devices.Social Media & AutoYouTube star Jimmy Donalson, popularly known as MrBeast, pulled a dark yet humorous April Fool’s prank that involved burning 20 million trees and blinding 1,000 kids, but it was all ...Full story available on Benzinga.com

2025-04-06

ROSEN, A LEADING LAW FIRM, Encourages Fluence Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FLNC

NEW YORK, April 06, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Fluence Energy, Inc. (NASDAQ:FLNC) between November 29, 2023 and February 10, 2025, both dates inclusive (the "Class Period"), of the important May 12, 2025 lead plaintiff deadline.SO WHAT: If you purchased Fluence common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Fluence class action, go to https://rosenlegal.com/submit-form/?case_id=22722 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not ...Full story available on Benzinga.com

2025-04-06

ROSEN, A RANKED AND LEADING FIRM, Encourages enCore Energy Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action – EU

NEW YORK, April 06, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of enCore Energy Corp. (NASDAQ:EU) between March 28, 2024 and March 2, 2025, both dates inclusive (the "Class Period"), of the important May 13, 2025 lead plaintiff deadline.SO WHAT: If you purchased enCore securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the enCore class action, go to https://rosenlegal.com/submit-form/?case_id=36996 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. ...Full story available on Benzinga.com

2025-04-06

Musk "doesn't understand" trade cheating, Navarro says - Axios

Musk "doesn't understand" trade cheating, Navarro says AxiosMusk wants a 'zero tariff situation', 'free trade zone' for Europe NBC NewsTrump tariff fallout: Navarro downplays sell-off, while Musk slams his qualifications; tech and finance chiefs reportedly head to Mar-a-Lago CNBC“A battle Elon won’t win”: Musk takes on Trump’s trade guru Peter Navarro SemaforMusk Says He Hopes Europe and U.S. Move to a ‘Zero-Tariff Situation’ The New York Times

2025-04-06

The 2025 Best Places to Work in Austin

This program is not just a great roadmap for job seekers, it's also business intelligence for managers. These businesses are full of benefits and mindsets that can be implemented in your office, and these are obviously award-winning ideas. Some of the perks come at no cost.

2025-04-06

From Jellycats to Squishmallows, why are adults so obsessed with plushies? - CTV News

From Jellycats to Squishmallows, why are adults so obsessed with plushies? CTV NewsView Full Coverage on Google News

2025-04-06

A community space: How Pilar Westell has transformed Zendo Coffee into a spot for regulars

“I think it’s become this community space ... where people just kind of gravitate for whatever reason,” said Zendo owner Pilar Westell. “It allows us to connect in this way that everyone’s really hungry for.”

2025-04-06

ROSEN, TOP-RANKED INVESTOR COUNSEL, Encourages Sana Biotechnology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SANA

NEW YORK, April 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sana Biotechnology, Inc. (NASDAQ:SANA) between March 17, 2023 and November 4, 2024, inclusive (the "Class Period"), of the important May 20, 2025 lead plaintiff deadline.SO WHAT: If you purchased Sana securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Sana class action, go to https://rosenlegal.com/submit-form/?case_id=37267 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these ...Full story available on Benzinga.com

2025-04-06

2025年3月のハット8 (Hut 8) 運営アップデート

2025年2月の平均4.6 EH/sから、2025年3月末時点で9.3 EH/sへと稼働中のハッシュレートが102%増加

2025-04-06

How automakers are responding to the 25% car tariffs so far - NPR

How automakers are responding to the 25% car tariffs so far NPRA stunning number of electric vehicle, battery factories are being canceled The Washington Post‘There’ll Be a Shock’: A Congressman Who Sells Cars Predicts Pain and Then Acceptance of Higher Prices PoliticoCollectors Feel Relief as Classic Cars Evade Trump’s Auto Tariffs Bloomberg.comAutomakers seek ‘opportunity in the chaos’ of Trump’s tariffs CNBC

2025-04-06

How automakers are responding to the 25% car tariffs so far

It's only been a few days since President Trump's 25% tariffs on foreign cars took effect. But the import surcharge has led to some immediate changes, including layoffs and pauses in car shipments.

2025-04-06

The Phase III Study Data of Stapokibart for Seasonal Allergic Rhinitis Published in Nature Medicine

CHENGDU, China, April 5, 2025 /PRNewswire/ -- Keymed Biosciences Inc. (HKEX: 02162) ("Keymed" or the "Company") today announced that the prestigious medical journal Nature Medicine has published the results from the Phase III trial of its independently developed IL-4Rα antibody stapokibart, for the treatment of moderate-to-severe seasonal allergic rhinitis (SAR). The study, led by Professor Luo Zhang of Beijing Tongren Hospital, Capital Medical University, represents the world's first clinical report on an IL-4Rα-targeted biologic for SAR, underscoring Chinese scientists' pioneering role in allergic rhinitis innovation.The study demonstrated that stapokibart significantly alleviates clinical symptoms and improves quality of life in patients with moderate-to-severe SAR who remained inadequately controlled despite standard therapies. This breakthrough offers a transformative solution to a global health challenge, ushering in a new era of biologic treatments for allergic rhinitis and providing hope to hundreds of millions of patients worldwide. Innovative Mechanism Addresses Urgent Clinical NeedsAllergic rhinitis (AR), a chronic inflammatory disease of the nasal mucosa, is triggered by environmental allergens in sensitized individuals. In recent years, its global prevalence has risen significantly. Despite standard therapies, over 50% of patients continue to experience inadequately controlled symptoms, a substantial unmet need that severely impacts quality of life and imposes a heavy socioeconomic burden, positioning AR as a critical public health challenge.The persistence and exacerbation of AR symptoms are primarily driven by amplified type 2 inflammatory cascades. Stapokibart, targeting the IL-4 receptor alpha subunit (IL-4Rα), dual-blocks both IL-4 and IL-13 signaling pathways. Through a multi-pronged approach—inhibiting T-cell activation and proliferation, suppressing B-cell activation and IgE synthesis, and reducing inflammatory cell infiltration—Stapokibart comprehensively attenuates allergic reactions, providing a novel therapeutic strategy for seasonal allergic rhinitis, and other type 2-mediated allergic diseases.The First and Only Approved IL-4Rα Antibody Globally with Demonstrated Efficacy and SafetyResults of this phase III trial demonstrated that stapokibart rapidly, significantly, and sustainably controlled both nasal and ocular symptoms in patients with moderate-to-severe SAR, while markedly improving quality of life ...Full story available on Benzinga.com

2025-04-06

NSW Criminalizes LGBT Conversion Practices

NSW Criminalizes LGBT Conversion Practices Authored by Naziya Alvi Rahman via The Epoch Times (emphasis ours),From April 4, LGBT conversion practices are officially banned in New South Wales under the Conversion Practices Ban Act 2024.This picture taken on June 3, 2021 shows Danish toy brick maker Lego's "Everyone is Awesome" new set of rainbow-coloured figurines to celebrate the diversity of its fans and the LGBT community. Thomas Samson/AFP via Getty ImagesThe law makes it a criminal offence, punishable by up to five years in prison, for anyone who delivers or performs conversion practices that cause serious mental or physical harm.Taking someone out of NSW to undergo such practices elsewhere can also attract a maximum three-year jail term.Conversion practices include so-called “conversion therapy” and other actions aimed at changing or suppressing a person’s sexual orientation or gender identity. These practices are based on the belief that LGBTQ+ people need to be “cured” or “fixed.”Civil Complaints and Education MeasuresThe law also introduces a civil complaints mechanism through Anti-Discrimination NSW.From April 4, 2025, complaints can be made about conversion practices occurring in the state. If appropriate, matters may be resolved through conciliation, or referred to the NSW Civil and Administrative Tribunal.Anti-Discrimination NSW will also run education sessions and distribute resources to inform the public about the law. These include free online tools and referrals to support services.While the law targets practices aimed at forcibly changing or suppressing identity, it does not ban general religious teaching or private conversations between parents and children.“This legislation is focused on protecting people from targeted, sustained efforts to change who they are,” the NSW government said.Last year, the Premier issued a formal apology to those convicted under now-defunct laws that once criminalised homosexual acts.In September, the NSW Government endorsed all 19 recommendations from the Special Commission of Inquiry into LGBT hate crimes. The inquiry highlighted significant failures in how past governments and police responded to the violent deaths of LGBT people.A new LGBT Advisory Council has also been created to help shape the state’s first Inclusion Strategy. The government also backed the amended Equality Bill, introduced by independent MP Alex Greenwich, which passed Parliament.Activists: “There Is Nothing to Fix”The law comes just three days after South Australia passed similar legislation.NSW joins Victoria and the ACT in banning LGBT conversion practices outright. Queensland has implemented a partial ban limited to health settings, while Western Australia has committed to introducing its own reforms.Attorney General Michael Daley said the law sends a clear message: “Everyone deserves to be respected for who they are. There is nothing ‘wrong’ with LGBT people. They do not need ‘fixing’ or to be ‘saved.’”Founder of Ambassadors and Bridge Builders International, Anthony Venn-Brown OAM, welcomed the move.“I grew up when being gay was a criminal offence and mental health professionals believed they could cure homosexuality,” he said.Opposition: Concerns About OverreachLyle Shelton, Family First’s lead Senate candidate for NSW, opposed the new laws, calling them an overreach into personal and religious freedoms.“No one wants to see anyone coerced or converted to anything. But these laws are not about that,” he said.“Trying to prevent a child from receiving puberty blockers, cross-sex hormones, or irreversible surgery could be labelled ‘conversion therapy’ under this law.“They could criminalise parents, counsellors, or medical professionals who caution children about the risks of LGBT gender fluid ideology.”He described the legislation as “another attack on religious people whose views align with science—that there are two genders and that true marriage is between a man and a woman.”He said the laws could empower activists to have “good people jailed.” Tyler DurdenSat, 04/05/2025 - 22:10

2025-04-06

Wellington Florida Egg Hunt 2025 | Fun for Everyone!

Wellington Florida Egg Hunt 2025 Springtime in Wellington Florida, means blooming flowers, warm sunshine, and one of the most anticipated family events of the year the annualEgg Hunt. In 2025, this beloved tradition returns on Saturday, April 19th, bringing with it a fun-filled morning of laughter, excitement, and community spirit. Event OverviewThe 2025 Wellington Egg [...]