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Economic Chaos – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) A Roller-Coaster ride last week… Unpredictability, Precariousness, and Changeability roiled the market all week. Finishing Friday, the indexes were static, ending the week just below flatline. A ‘valiant’ burst of buying late Friday couldn’t save a lost week. The S&P 500 fell 3.1% for the week ended March 7. The Nasdaq Composite dropped 3.4% and the ‘bread and butter’ Dow Jones Industrial Average lost 2,4%. The smaller value stock … Read more…

SoftBank, OpenAI to build AI data centre in Japan, Nikkei reports

(Reuters) -SoftBank plans to transform a former Sharp LCD panel plant in Japan into a data centre for operating artificial intelligence agents developed in collaboration with U.S.-based ChatGPT creator, OpenAI, according to a Nikkei report on Friday. The Japanese telecom giant intends to purchase the facility and part of the land at Sharp’s closed TV LCD factory in Osaka for about 100 billion yen ($677.05 million). The centre is expected to start operations in 2026 … Read more…

Apple plans AirPods feature that can live-translate conversations, Bloomberg News reports

(Reuters) – Apple is planning a new AirPods feature that would allow the device to live-translate conversations with people into another language, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The feature will be offered as a part of an AirPods software upgrade later this year, the report said, and will be tied to the iOS 19 update to its mobile operating system. Rival earbuds such as Google’s Pixel Buds have … Read more…

S&P 500 confirms correction from February high as tariffs weigh

(Reuters) – The S&P 500 dipped 1.4% on Thursday, leaving it down 10.1% from its record high close on February 19 and confirming the widely followed benchmark is in a correction as an escalating tariff war between the U.S. and its top trade partners fuels concerns about a recession. The confirmation that the S&P 500 has fallen into a correction marks a significant shift in market sentiment as the index – widely considered the best … Read more…

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Trump’s 200% Tariff on European Alcohol: How It Could Reshape Markets & Portfolio Strategies

A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey set to take effect on April 1. While this political chess match unfolds, investors and businesses are bracing for impact—and … Read more…

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Trump’s 200% Tariff on European Alcohol: How It Could Reshape Markets & Portfolio Strategies

Trump’s 200% Tariff on European Alcohol: How It Could Reshape Markets & Portfolio Strategies 🍷📉 A new trade war battleground is emerging, and this time, it’s hitting European wines, champagnes, and spirits—a $40 billion industry with deep ties to the hospitality sector. In a major escalation of trade tensions, President Donald Trump has threatened a 200% tariff on European alcoholic beverages, following the European Union’s 50% retaliatory tariff on American whiskey set to take effect … Read more…

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US recession risks dominate inflation concerns, push Treasury yield forecasts lower: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will remain range-bound over coming months as mounting concerns of an economic downturn dominate tariff-linked inflation fears, pushing bond strategists in a Reuters poll to broadly revise their yield forecasts lower from last month. Recent weakness in macro data coupled with President Donald Trump’s comment that sweeping tariffs could cause Americans some “short-term” pain  has raised recession risks in the world’s largest economy and sent the … Read more…

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US job openings rise, layoffs low before Trump policy shifts

By Lucia Mutikani WASHINGTON (Reuters) -U.S. job openings increased in January, but demand for labor is likely to soften in the months ahead amid concerns that uncertainty over import tariffs and aggressive government spending cuts could cause a sharp slowdown in economic activity. For now, the labor market is holding steady, with the Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday showing layoffs declining for a fourth straight … Read more…

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Uber terminates Foodpanda Taiwan acquisition, to pay about $250 million termination fee

(Reuters) -Uber has decided to terminate its agreement to acquire Delivery Hero’s Foodpanda business in Taiwan and will pay a termination fee of around $250 million, the food delivery company said on Tuesday. Uber said in an emailed statement that it would not appeal the decision of the Taiwan Fair Trade Commission. Taiwan had in February blocked Uber’s $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be … Read more…

US-Canada trade war heats up as Trump doubles tariffs on metals imports

By Jeff Mason, David Ljunggren and Doina Chiacu WASHINGTON/OTTAWA (Reuters) – President Donald Trump on Tuesday ramped up a burgeoning trade war with Canada, vowing to double tariffs set to take effect within hours on all imported steel and aluminum products from America’s northern neighbor to 50%, although he later said he would likely lower them after Canadian officials agreed to talks. Trump’s latest salvo, which sent financial markets reeling and rekindled fears of inflation, … Read more…

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