Elon Musk’s two-year-old xAI startup has bought the Musk-owned X social media platform, formerly known as Twitter, for $45 billion in stock.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Apr 1 2025
SPOTLIGHT: TRUMP’S TRADE WAR
The European Union (EU) is preparing a list of concessions to offer Donald Trump in exchange for easing or lifting tariffs on vehicles and other items that are already in effect and scheduled to rise on 2 April.
TOP TREND 2024, A GOLDEN YEAR FOR GOLD: INDIA’S INVESTORS FLOCK TO GOLD AS STOCK MARKET TANKS
India’s investors are shifting their portfolios toward exchange-traded funds (ETFs) focused on gold as the country’s equity market has crashed. (See “Trillion-Dollar Sell-Off Hits India’s Stock Markets,” 18 Mar 2025.)
FOREIGN INVESTORS ARE RETURNING TO CHINESE STOCKS
China’s sudden emergence as a global player in artificial intelligence, combined with Beijing’s easier hand of regulation, is drawing foreign investors back to Chinese equities.
CANADA’S GROWTH OUTLOOK DARKENS
Canada’s economy will grow at an annualized rate of just 0.7 percent in this year’s second quarter, according to Bloomberg’s poll of 34 economists. In February, the same poll foresaw growth at 1.7 percent.
ECB SHOULD THINK ABOUT PAUSING RATE CUTS, BELGIAN CENTRAL BANKER SAYS
The European Central Bank (ECB) should consider not reducing its key interest rate again at its meeting this month, Pierre Wunsch, the governor of Belgium’s central bank and a member of the ECB’s rate-setting committee, said last week.
EUROPE’S EQUITY MARKETS SKYROCKET IN “HISTORIC” RALLY
As American stock markets stumble under weak consumer spending, waning business confidence, and Donald Trump’s chaotic tariff policies, Europe’s equities are staging what Bloomberg calls a “historic” surge.
GOVERNMENTS, CORPORATIONS TOP $100 TRILLION IN BONDED DEBT
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Department of Health and Human Services leading the count this week with 10,000 layoffs of full-time employees, including 3,500 at the Food and Drug Administration, 2,400 at the Centers for Disease Control and Prevention, 1,200 at the National Institutes of Health and 300 at the Centers for Medicare and Medicaid Services.