China, a major plastics producer, might waive tariffs on US petrochemical feedstocks like ethane and LPG if trade talks progress favourably, according to Goldman Sachs. These materials previously had waivers in 2018. The US-China trade conflict has hit China's plastics industry, which relies on US supplies. Trade flows have shifted, with US LPG cargoes being rerouted.
President Trump has directed the Justice Department, led by Attorney General Pam Bondi, to investigate ActBlue, the Democratic Party's fundraising platform, over alleged illegal campaign donations. Democrats have condemned the move as an oppressive use of power and an attack on democracy. ActBlue pledges to fight the order legally.
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A federal judge has blocked the Trump administration's attempt to add a proof-of-citizenship requirement to the federal voter registration form, deeming it unconstitutional. The judge sided with voting rights groups, asserting that states and Congress hold the power to regulate federal elections, not the president.
In the Nifty500 pack, six stocks' close prices crossed below their 200 DMA (Daily Moving Averages) on April 24, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Daljeet Kohli of Roha Asset Managers expresses surprise at the market's sharp rebound following tariff war announcements. Kohli believes the market anticipates a rollback of tariffs and sees India as a potential beneficiary due to its inherent strengths. While acknowledging potential volatility, Kohli advises investors to remain calm and analyze individual company impacts rather than reacting to macro news.
The Justice Department is terminating $811 million in grants, impacting victim service programs and police training. These cuts, managed by the Office of Justice Programs, affect various initiatives, including those supporting domestic violence and trafficking victims.
