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Trump Tariff Strategy
Loads of money, here's potentially the top winners. Trump's Truth Social post hours before the pause on tariffs, urging it was a 'great time to buy,' suggested making hay while the sun shines. Is it actually legal for the leader of a country to offer advice about investments? Surely a conflict of interest? Whatever, Elon Musk's Tesla's stock surge added $36 billion to Musk's wealth, pushing his net worth to $330 billion. Amazon UK Jeff Bezos's Amazon's 12% jump boosted Bezos by $18.5 billion, with his fortune reaching $226 billion. Mark Zuckerberg's Meta's rally lifted Zuckerberg's wealth by $25.8 billion, bringing him to $208 billion. And across the pond in Blighty, Jim Ratcliffe also saw gains, with INEOS stock up $1.3 billion. -
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Thailand Boosts Road Safety Measures for Songkran Holiday Travel
There's no point in discussing with you because you understand so little you can't make a relevant comment. -
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Thai Youths Warned Over Risky Songkran Selfies
That's a strange obsession to obsess about. No warning about dangerous selfies taken while driving drunk throwing bottles of water at pedestrians? No warnings about hazardous, life-threatening stunts taken for for likes and shares? -
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The Orange man is doing a great job .Bankrupting the USA
President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. David Paul Morris/Bloomberg/Getty Images WashingtonCNN — Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession. President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. That malaise worsened leading up to Trump’s announcement last week of sweeping tariffs, according to the survey. “This decline was, like the last month’s, pervasive and unanimous across age, income, education, geographic region, and political affiliation,” Joanne Hsu, the survey’s director, said in a release. The Federal Reserve and Wall Street are watching closely how souring sentiment translates into consumer spending, which accounts for about 70% of the US economy, and whether Americans lose faith that inflation will return to normal in the coming years. Trump on Wednesday paused his massive tariff hike on dozens of countries for 90 days, but kept in place a 10% baseline duty for all imports into the US and separate tariffs on specific products and commodities. The so-called reciprocal tariffs, albeit short lived, were the sharpest increase in US duties ever on data going back 200 years, Fitch Ratings told CNN China, however, wasn’t included in Trump’s tariff reprieve, continuing a contentious tit-for-tat between the world’s two largest economies that stretched into Friday, with Beijing jacking up its retaliatory tariffs on US imports to 125% from 84%. The Michigan survey was fielded between March 25 and April 8, so it doesn’t capture respondents’ reaction to the recently announced tariff delay. The relationship between sentiment and spending In economics, surveys are referred to as “soft data” and measures capturing actual economic activity, such as retail sales, are known as “hard data.” The soft data has clearly deteriorated because of Trump’s tariffs: The latest Michigan survey showed that “the share of consumers expecting unemployment to rise in the year ahead increased for the fifth consecutive month and is now more than double the November 2024 reading and the highest since 2009,” according to a release. Yet, the hard data still looks decent. Employers continue to hire at a brisk pace and shoppers haven’t convincingly reined in their spending just yet, though retail sales have come in weaker than expected recently. “Sometimes the surveys are very negative, but they keep spending,” Fed Chair Jerome Powell said last week at an event near Washington, DC. “People spent right through the pandemic and they spent right through this time of higher inflation.” Spending by better-off Americans has played a key role in keeping the US economy humming along these past few years, but the recent turbulence on Wall Street, triggered by Trump’s tariffs, is putting that under threat. “Wealthy consumers’ stock market gains kept the economy growing in 2024 despite high prices, but the wealthy won’t feel confident enough to keep spending if this keeps up,” Bill Adams, chief economist at Comerica Bank, wrote in a recent analyst note. -
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Why does my face look MUCH better in the mirror than in selfies or ID photos?
I have a naval-style beard, which enables me to shave every second or third day. -
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Half of US soldiers to potentially pull out of Europe.
It’s time the people of Europe built their own armies for defense.- 1
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