When Donald Trump won the race to the White House back in November, there were high expectations that the equity markets would spike, the value of the dollar would rise and it would be high times for the Merger and Acquisition Gang.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Jun 3 2025
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TOP TREND 2024, EV GO FU: GM SWITCHES FACTORY FROM EV MOTOR PRODUCTION TO V8 ENGINES
General Motors has scrapped a planned $300-million investment in retooling a New York state factory to make motors for electric vehicles (EVs).
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SPOTLIGHT: LEAN TIMES FOR THE LUXURY INDUSTRY
Capri Holdings, owner of the Jimmy Choo, Michael Kors, and Versace brands of high-priced apparel, has cut its 2025 revenue forecast by almost 25 percent, citing uncertainty over the impact of Donald Trump’s tariffs.
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TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINESE TECH FIRMS PREPARE TO DO WITHOUT NVIDIA’S AI CHIPS
Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will......
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
PUBLISHER’S NOTE: As we have been saying, remember the old saying goes, “You can’t make this shit up.” Another week, and another week of on-again, off-again Trump tariff demands. And now, the word on The Street is that Donald Trump is a TACO—"Trump Always Chickens Out” when it comes to tariffs and him saying what......
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NEW HOME PRICES RISE IN CHINA. IS THE PROPERTY CRISIS ENDING?
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
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INDIA’S ECONOMY ROCKETS AHEAD 7.4 PERCENT IN FIRST QUARTER
India’s economy leaped up 7.4 percent in the first three months of this year, more than the 6.7 percent economists had expected, as the country pulled out of a looming downturn.
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TRUMP’S ‘BIG BEAUTIFUL’ BILL HIDES A TAX BOMB FOR FOREIGN INVESTORS
Section 899 of Donald Trump’s tax-cut and spending bill now before the U.S. Senate includes a provision that allows the American government to slap additional taxes on foreign investments made by companies and investors from countries deemed to have punitive tax provisions on U.S. investments.
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RISING MORTGAGE INTEREST RATES WILL HOBBLE EUROPE’S ECONOMY, ECB SAYS
Although the European Central Bank (ECB) has lowered its interest rates, the cost of a mortgage is likely to continue rising throughout the 20-country Eurozone until at least 2030, the bank has warned.
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U.S. BANS SALE OF CHIP DESIGN TECHNOLOGY TO CHINA. GET READY FOR DOT-COM BUST 2.0
The Trump administration has banned the sale of “electronic design automation” services (EDA) by U.S.-based firms to China.