BREAKING: Tesla shares dropped 1.4% premarket after the company stopped accepting new orders for its Model S and Model X vehicles in China, citing escalating trade tensions. This decision follows China’s implementation of 84% tariffs on U.S. goods in retaliation to President Trump’s 145% tariffs on Chinese imports, effectively doubling the cost of U.S.-made cars in China
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SPY’s Double-Edged Sword: Analysts Warn of 11% Near-Term Plunge, Yet Predict 38% Long-Term Surge
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The U.S. dollar experienced its steepest one-day drop in three years as the Bloomberg Dollar Spot Index fell 1.5% on April 10, 2025. This decline reflects growing concerns about the U.S. economy, driven by escalating trade tensions and new tariffs imposed by President Donald Trump. These tariffs have heightened fears of a recession, prompting investors to shift away from U.S. assets and into safe-haven currencies like the Swiss franc, Japanese yen, and euro, as well as gold
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