How Trump’s Tariffs Aim a Wrecking Ball at the Economy of the Americas…
What Does It Mean – Trump’s tariffs disrupt global supply chains, raising costs for U.S. companies and leading to higher consumer prices. While some domestic industries benefit, the overall impact on the U.S. economy is negative, reducing competitiveness and innovation. The analysis highlights potential long-term consequences for economic growth, emphasizing the need for strategic trade policies to mitigate harm. The article concludes that a trade war could damage both U.S. and global economies. Read more.
S&P 500 Cuts Most of Its Losses on Tariff Hopes…
What Does It Mean – Trump’s tariffs have led to a surge in the U.S. dollar, while global stock markets are set to decline. The tariffs are expected to disrupt international trade, increase costs for businesses, and lead to higher consumer prices. The article highlights concerns about the negative impact on global economic growth and the potential for increased market volatility. It also discusses the Federal Reserve’s response to these economic changes and the implications for future interest rate policies. Read more.
Ether, Memecoins Plunge as Traders Dump Risk After Trump Tariffs…
What Does It Mean – Tariffs imposed by Donald Trump on major US trading partners triggered a significant selloff in cryptocurrencies, with the MVIS CryptoCompare Small-Cap index dropping 21% on Monday. Ether experienced a severe plunge of up to 27%, while Bitcoin fell by about 2%. The market downturn forced the liquidation of leveraged positions, particularly in the DeFi space. Stock markets globally also declined due to tariff threats. Despite Trump’s pro-crypto stance, his tariff announcements have added uncertainty, leading to a sharp decline in digital tokens. Over $2.2 billion in bullish crypto positions were liquidated within 24 hours. Read more.
Oil Edges Higher as Delayed Mexico Tariffs Ease Supply Concerns…
What Does It Mean – Oil prices rose as US tariffs on Mexico were delayed by a month, easing immediate supply concerns. West Texas Intermediate (WTI) crude ended above $73 a barrel, after initially gaining 3.7%. The delay followed discussions between Trump and Mexico’s President. Trump also discussed tariffs with Canada’s Prime Minister, reducing Canadian energy export tariffs to 10%. WTI futures initially surged but later fell due to broader market concerns. The US imports significant crude from Canada and Mexico, impacting gasoline futures. Despite Trump’s tariff threats, OPEC+ maintained its production plans. Read more.
Visitors flock to New York botanic garden for a whiff of a flower that smells like a rotting corpse…
One by one, visitors to the Brooklyn Botanic Garden pulled out their phones snapped pictures of the rare blooming plant before leaning in to brave a whiff of its infamously putrid scent, which resembles that of rotting flesh.
“It smells like feet, cheese and rotten meat. It just smelled like the worst possible combination of smells,” Elijah Blades said. “That was disgusting.”
The rare Amorphophallus gigas — a relative of the Amorphophallus titanum, commonly known as the corpse flower — has bloomed for the first time since arriving in Brooklyn in 2018. Native to Sumatra, the plant is known for its height and carrion scent, which it uses to attract pollinators.
It has hundreds of flowers, both male and female, inside the bloom, and it can take years between blooming events, said gardener Chris Sprindis, who first noticed the inflorescence, or cluster of flowers, around New Year’s Eve. The bloom will last only a few days before it collapses.