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Investors are stunned after the stock market closed its worst quarter in 3 years
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What would it take to make an iphone in America?
Suicide-nets are an added cost I guess? -
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Tariff pause - Trump IS an idiot !!
EUR/THB plummeting. Nice surprise 😡 -
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Should a fridge or freezer at a restaurant have a breaker?
It is often recommended that your refrigeration be on a separate circuit, but this is more to prevent nuisance trips taking out your food stocks rather than for electrical safety. Assuming that your re-wire is up to standard and they don't overload anything then there's no danger of conflagration. That said, if they are doing the Thai thing of having loads of traily extensions with freezers all on one outlet then I'd want them to rationalise and spread the load over several outlets. A splash of common sense is your best weapon. -
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Wall Street Rebounds Sharply as Trump Softens Tariff Stance
Wall Street Rebounds Sharply as Trump Softens Tariff Stance U.S. stocks experienced a dramatic rebound after President Donald Trump unexpectedly announced a reversal on steep tariff hikes, choosing instead to implement a 10% universal import tax. The announcement sparked a surge across financial markets, marking one of the biggest rallies in recent years. The decision comes just a day after new tariffs had taken effect, targeting key U.S. trade partners including Vietnam, which had been hit with a sharp 46% levy. These measures, unveiled by Trump the previous week, were broader and more severe than expected, triggering a steep selloff in equities and a wave of recession fears both domestically and abroad. In a significant shift, the White House stated that higher tariffs would be paused for countries open to negotiation. However, Trump maintained a hard line on China, stating that tariffs on Chinese goods would rise “effective immediately” to at least 125%. The market responded with enthusiasm. The S&P 500 soared 9.5%, notching its largest single-day gain since the 2008 financial crisis. The Dow Jones Industrial Average climbed more than 7.8%, while the Nasdaq surged over 12%. Companies heavily reliant on Asian manufacturing, such as Nike and Apple, saw notable gains of 11% and 15% respectively. The market’s dramatic turnaround followed days of intense volatility. Prior to Trump’s pivot, fears of an economic downturn had spilled over into the bond market, with investors dumping U.S. government debt in anticipation of a prolonged trade war. “Although President Donald Trump was able to resist the stock market sell-off, once the bond market began to weaken too, it was only a matter of time before he folded,” said Paul Ashworth, chief North America economist at Capital Economics. Ashworth suggested that the president’s retreat reflects a return to his original campaign promise of a broad 10% tariff across the board, but warned that resolving tensions with China will be a lengthy process. “It is difficult to see either side backing down in the next few days,” he said. “But we suspect that talks will eventually happen, although a full rollback of all the additional tariffs applied since Inauguration Day appear unlikely.” Despite the day’s bullish rally, major indexes remained below pre-tariff levels. The S&P 500 was still down about 3% from last week and over 8% year-to-date. Tariffs on Chinese goods continue to loom large over the economy, with China accounting for more than $400 billion in U.S. imports last year, including 60% of footwear and 36% of apparel, according to the American Apparel and Footwear Association. Prior to the policy shift, the National Retail Federation had warned that shipping traffic through U.S. ports could fall 20% in May compared to the previous year. Following his announcement, Trump expressed optimism about reaching a deal with China and floated the possibility of granting tariff exemptions to certain companies, an approach that contrasts with his previously hardline stance. “I saw last night where people were getting a little queasy,” Trump said, acknowledging market unease while reiterating his intent to maintain tariffs on sectors such as autos, steel, aluminium, and possibly pharmaceuticals and lumber. Political pressure is believed to have played a role in Trump’s sudden change of course. Influential backers like Tesla’s Elon Musk, hedge fund billionaire Bill Ackman, and Barstool Sports founder Dave Portnoy had urged the president to reconsider his tariff strategy. The about-face even surprised major financial institutions. Just before Trump’s announcement, Goldman Sachs released a report warning of a potential recession due to escalating tariffs. Mere hours later, the bank revised its outlook, still predicting minimal economic growth for the year and putting the chances of recession at 45%, despite the softened policy. Ackman, who had previously called for a 90-day tariff moratorium, praised the president’s decision. “Thank you on behalf of all Americans,” he wrote on social media. Based on a report by BBC 2025-04-10 -
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Trump is not an Idiot
The only idiots are the ones who believe Trump actually has a plan. This is just slash & burn, and see what happens. His advisors are complete morons including one that has a fictional mentor named as an anagram of his own name - only in America. How could America could let this happen?- 1
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Stepson Sets Stepfather on Fire in Uthai Thani After Argument Over Lost Mobile Phone
That was a heated argument
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