Trump floats R&D tax credit, White House ‘manufacturing ambassador’

Trump floats R&D tax credit, White House ‘manufacturing ambassador’

Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024. Chandan Khanna | AFP | Getty Images Former President Donald Trump unveiled several new manufacturing proposals at a rally in Savannah, Georgia, on Tuesday, part of an effort to sharpen … Read more

Trump threatens John Deere with 200% tariff if moves production to Mexico

Trump threatens John Deere with 200% tariff if moves production to Mexico

Republican presidential nominee former President Donald Trump speaks at a campaign event at a farm, Monday, Sept. 23, 2024, in Smithton, Pennsylvania. Alex Brandon | AP Former President Donald Trump on Monday threatened John Deere with a 200% tariff if the agricultural manufacturer moves production to factories in Mexico. “They’ve announced a few days ago … Read more

India rules out joining RCEP, accuses China of non-transparent trade practices

India rules out joining RCEP, accuses China of non-transparent trade practices

Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not going … Read more

China to Mexico trade ‘back door’ booms in Trump, Biden tariff era

China to Mexico trade ‘back door’ booms in Trump, Biden tariff era

A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough … Read more

UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment

UAE hoping to expand  trillion partnership with U.S. through AI, Investment

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi at Downing Street on September 16, 2021 in London, England. Hannah McKay – WPA Pool | Getty Images Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the UAE-U.S. relationship to a new “geo-economic phase” … Read more

Largest port on East Coast begins preparations for a strike

Largest port on East Coast begins preparations for a strike

Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoreman’s Association, the largest union in North America. The ILA represents over 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 … Read more

How Federal Reserve interest rate cuts affect the global economy

How Federal Reserve interest rate cuts affect the global economy

The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy. “The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” said Gregory Daco, chief economist at EY-Parthenon. “The [U.S.] economy remains one of the largest economies in the world, and certainly of late, one of … Read more

Why the European Union’s tariffs on Chinese automakers may not work

Why the European Union’s tariffs on Chinese automakers may not work

By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German … Read more

Saudi Arabia expects to get advanced Nvidia chips within next year

Saudi Arabia expects to get advanced Nvidia chips within next year

Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia’s high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models. Speaking to CNBC on Thursday, a top official at the Saudi Data and AI Authority, Abdulrahman Tariq Habib, said the kingdom expected to make such a stride in … Read more

Tech view: Nifty breaches 25,200 crucial resistance, forms long bull candle. How to trade on Friday

Tech view: Nifty breaches 25,200 crucial resistance, forms long bull candle. How to trade on Friday

The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new high, mirroring global trend. The rate-cut optimism has provided a positive impetus to the global market. “A long bull candle was formed on the daily chart which has broken above … Read more