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A study reveals that US employers may incur significant costs due to President Donald Trump's tariff policies. JPMorganChase Institute estimates a direct cost of USD 82.3 billion for businesses. Retail and wholesale sectors are particularly vulnerable. These tariffs could lead to price increases, layoffs, or reduced profits. The analysis contradicts claims that foreign manufacturers will bear the tariff costs.
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News and Media
GreenEdge Wealth's Digant Haria suggests a technical trading approach for IT stocks due to AI risks and economic uncertainty. While the defence sector shows strong growth, new investors should consider related industries. The paint sector faces challenges with increased competition and slower growth, though the worst may be over, a return to normal economics is still 12-18 months away.
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News and Media
Republican Party is facing internal conflict regarding a tax-cut and spending bill. The House of Representatives will reconsider the bill. The Senate already passed the bill with a narrow margin. The bill is expected to increase the nation's debt. Democrats are against the bill. The bill includes cuts to Medicaid.
Category:
News and Media
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