Investing and Global Finance News

Markets Rally as U.S.–China Tariff Truce Sparks Optimism

Wall Street kicked off the week with a powerful surge as news broke of a 90-day pause in the U.S.–China trade dispute. Investor relief and renewed economic optimism drove the Dow Jones Industrial Average to soar over 1,000 points, gaining 2.8%, while the S&P 500 jumped 3.3%.

The rally followed a breakthrough in weekend talks in Geneva, where both nations agreed to temporarily scale back their punishing tariffs. U.S. tariffs on Chinese imports will drop from 145% to 30%, while China’s tariffs on American goods will fall from 125% to just 10%. The agreement is a much-needed reprieve for businesses, many of which had frozen shipments to avoid exorbitant costs.

Traffic at key trade hubs like the Port of Los Angeles had plummeted by over a third compared to last year, heightening fears of supply chain disruptions and product shortages. The tariff reduction offers a glimmer of hope to importers and exporters alike—and brings some breathing room to global markets.

While analysts at Yale’s Budget Lab caution that inflation and slower growth remain on the horizon, they also note the reduced tariffs may generate more revenue than the earlier, harsher levies. With trade flowing again, more importers are expected to pay the lower fees rather than sit on the sidelines.

The tariff relief, however, is temporary, and much remains uncertain as negotiations continue. But for now, markets are celebrating the thaw in trade tensions—and businesses are getting back to work.

Egg Prices: US vs. Canada

As egg prices in the United States hit record highs, the U.S. Department of Agriculture (USDA) is looking at Canada, where eggs remain plentiful and affordable, sparking interest in understanding the differences in egg production between the two nations. In Canada, consumers can pick from an array of egg types, with no shortage in sight.… Continue Reading

Top Tips for Back-to-School Shopping

With the start of August comes the bustle of back-to-school shopping. From elementary through high school, parents brace themselves for the steep financial outlay, with the average family expected to shell out around $875 on school essentials this year, a figure sourced from the National Retail Federation’s latest survey. Retail experts share top tips to… Continue Reading

Cell Phone Ban in NYC Schools

New York City, the nation’s largest school district, is preparing to ban phones in schools. David Banks, chancellor of New York City Public Schools, alongside Mayor Eric Adams, recently announced the upcoming policy, citing the addictive nature of phones among students as a primary concern. “They’re not just a distraction; kids are fully addicted now… Continue Reading

How Anu Saad Propelled a Cancer Testing Startup to the Forefront of Patient Care

This article was originally published on June 19, 2014.Based on the March 2002 article in IndUS Business Journal entitled “Anu Saad – Making her mark”. Anu Saad has led a remarkable transition from academia to spearheading impressive growth of a cancer testing startup she took over as CEO. With no prior business experience, Saad grew… Continue Reading

Bobby Sharma of Bluestone Equity Partners Invests in Theater

Bobby Sharma of Bluestone Equity Partners has a reason to watch the 2024 Tony Awards. Sharma, founder and managing partner of the firm, is now an investor in entertainment agency RWS Global. The company specializes in live entertainment, including Broadway productions of The Lion King, Chicago, and Life of Pi. As the Broadway award show… Continue Reading

Disneyland Characters Vote to Unionize

At Disneyland in Anaheim, California, the majority of cast members who work as characters, such as Mickey and Minnie Mouse, voted to unionize with the Actors’ Equity Association. On Saturday, these performers cast their ballots under the oversight of the National Labor Relations Board, with 953 voting in favor. This decision marked a significant victory… Continue Reading

“At Your Bleisure:” Combining Business and Leisure Travel

As we adjust to post-pandemic work and life, the blend of business and leisure travel—dubbed “bleisure“—has grown, extending its allure beyond the realm of digital nomads to a broader spectrum of professionals. Spurred by the flexibility that remote work enables, employees are able to work a bit of vacation into business trips. Allied Market Research’s… Continue Reading