• Feb 09, 2025

Shares of U.S. steel, aluminium companies surge pre-market

(Reuters) -Donald Trump's plan to impose new 25% tariffs on steel and aluminium boosted share prices of U.S. producers in pre-market trading, while shares of producers abroad fell, with traders citing worries of disrupted flows and a reduction in demand. The tariffs, which Trump said would be announced on Monday and be in addition to existing duties, sparked warnings from Asia and Europe about the impact on prices, profitability and volumes and broader worries that they could push up inflation and drag on economic activity. Canada, Brazil, Mexico, South Korea and Vietnam are the biggest sellers of steel into the U.S., according to American Iron and Steel Institute data, while Canada is the dominant supplier of imported aluminium.

  • Feb 09, 2025

China Takes Big Step in Letting Market Decide Clean Power Prices

(Bloomberg) -- China is preparing to scrap fixed pricing on renewable power, and let the market decide how much users pay for clean electricity.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSThe central government has agreed that ele

  • Feb 09, 2025

Markets react to Trump's tariffs on steel and aluminium imports

SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. The dollar rose and U.S. Treasury yields ticked higher. "Investors and short-term traders are now in flux in terms of playbook positioning as the global economy has not faced a stagflation environment in the last 15 years since the Great Financial Crisis of 2009."

  • Feb 09, 2025

Here's 1 New Reason to Buy $1,000 of Bitcoin and Ethereum Right Now

Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) just picked up yet another reason that makes them worth a small investment of $1,000, even if you already hold some of each. The Securities and Exchange Commission (SEC) on Jan. 30 approved the initial part of an application by Bitwise Asset Management to issue a combined Bitcoin and Ethereum exchange-traded fund (ETF), according to Bloomberg. Upon the announcement, the existing set of ETFs that hold either Bitcoin or Ethereum saw inflows of roughly $655 million in new cash, suggesting that there are institutional investors who see the combined ETF as a possibility that could send prices of both assets higher.