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Trump wants to kill $52.7 billion semiconductor chips subsidy law
WASHINGTON, March 4 (Reuters) - President Donald Trump said on Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt.
Reuters
Wed, Mar 5
The world will 'get by' and investors should 'buy the dip', Larry Fink says
Speaking at the 2025 RBC Capital Markets Global Financial Institutions Conference on Tuesday, BlackRock (NYSE:BLK) Chairman and CEO Larry Fink addressed markets and opportunities amid the global turmoil sparked by President Trump's tariffs. Fink stressed that the world would make it through this...
Investing.com
Wed, Mar 5
Invitations now getting out for Trump’s White House Crypto Summit
The White House is preparing for its first crypto summit on Friday, and the biggest names in the industry are competing for an invite. The summit, led by AI and Crypto Czar David Sacks, replaces the now-terminated “crypto council” that Former President Donald Trump once promised.
WRAPUP 9-Trump triggers trade war, price hikes with tariffs on Canada, China and Mexico
Tariffs on Canadian, Mexican, Chinese goods come into forceChina say it's ready for tariff war or 'any other type of war'Trump says more tariffs coming April 2U.S. Commerce chief says Trump may work out partial solutionCanada's Trudeau tells Trump, 'this is a very dumb thing to d...Reuters
Wed, Mar 5
BoJ’s Uchida: Don't have a preset idea in mind on the pace of future rate hikes
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, I “don't have a preset idea in mind on the pace of future rate hikes.”At press time, USD/JPY holds minor gains near 149.80 following these comments.
Fxstreet
Wed, Mar 5
GBP/USD holds positive ground near 1.2800, Bailey's testimony in focus
The GBP/USD pair trades with mild gains to near 1.2790 during the early European trading hours on Wednesday. The US Dollar (USD) hovered near a three-month low amid concerns over slowing US economic growth and the impact of tariffs.
Fxstreet
Wed, Mar 5
Gold price depreciates as US Dollar gains ground amid rising Treasury yields
Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets. However, the precious metal could receive upward support from safe-haven demand amid the implementation of US tariffs. Trump's 25% levies on Mexican and Canadian imports...
Fxstreet
Wed, Mar 5
Dogecoin (DOGE) Attempts Rebound—Will Recovery Gain Momentum?
Dogecoin started a fresh decline below the $0.2150 zone against the US Dollar. DOGE tested $0.1820 and is now consolidating below the $0.2150 resistance.DOGE price started a fresh decline below the $0.2150 and $0.2100 levels.The price is trading below the $0.2100 level and the 100-hourly...
NewsBTC
Wed, Mar 5
WRAPUP 15-Trump says Ukraine willing to negotiate, Russia 'ready for peace'
Trump says Ukraine ready for peace talks, cites Zelenskiy letterTrump says "strong signals" Russia ready for peaceTrump, Zelenskiy say ready to sign minerals dealEuropean allies pressured as U.S. shifts stance on RussiaBy Erin Banco, Max Hunder and Olena Harmash WASHINGTON/KYIV, March 4 (...Reuters
Wed, Mar 5
DOGE website offers error-filled window into Musk's government overhaul
WASHINGTON, March 4 (Reuters) - A spartanly furnished web page with columns of numbers and bar charts on a dark background is the only official window into billionaire Elon Musk's effort to slash U.S. government spending and the size of the federal workforce. However, the view it offers of the cost-Reuters
Wed, Mar 5
Trump wants to kill $52.7 billion semiconductor chips subsidy law
WASHINGTON, March 4 (Reuters) - President Donald Trump said Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt."The CHIPS act is a horrible, horrible thin...Reuters
Wed, Mar 5
China maintains defence spending increase at 7.2% amid roiling geopolitical tensions
Growth figure matches last year's riseBeijing keeps military spending above broader growth figureReport calls for combat readiness, "improved political conduct"By Laurie Chen and Greg Torode BEIJING, March 5 (Reuters) - China will boost its defence spending by 7.2% this year, maintai...Reuters
Wed, Mar 5
Oil falls as OPEC+ plans to raise output, U.S. tariffs hammer sentiment
March 5 (Reuters) - Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns U.S. tariffs on Canada, Mexico and China will slow economic and fuel demand growth hammered investor sentiment.
Reuters
Wed, Mar 5
China's services activity grows modestly in February, Caixin PMI shows
BEIJING, March 5 (Reuters) - China's services activity slightly expanded in February, driven by a faster rebound in demand, including export orders, a private sector survey showed on Wednesday, though an escalating U.S.-Sino tariff war has cast uncertainty over the outlook.Reuters
Wed, Mar 5
Toyota aims for consistent return on equity, finance executive says
TOKYO, March 5 (Reuters) - Toyota Motor 7203.T is increasingly focusing on return on equity as a performance measure, talking internally about raising ROE to 20% as one guideline, a senior finance executive at the Japanese automaker said during an interview on Monday.
Reuters
Wed, Mar 5
Samsung SDI CEO says EV demand to remain sluggish until H1 of 2026
SEOUL, March 5 (Reuters) - The chief executive of South Korean battery maker Samsung SDI 006400.KS said on Wednesday demand for electric vehicles will remain sluggish until the first half of next year.CEO Choi Joo-sun also told reporters at a major battery expo that the company's earnings will l...Reuters
Wed, Mar 5
