Investing.com -- U.S President Donald Trump amped up his tariff regime on Saturday, announcing 30% tariffs on Mexico and the European Union. The increased tariffs take effect on August 1, 2025. Trump made the announcements via his Truth Social account Saturday morning U.S. time, posting letters sent to Dr. Claudia Sheinbaum Pardo, the President of Mexico, and Ursula von der Leyen, the Presid ...
Investing.com -- Tesla may benefit from a temporary sales boost, but fundamental challenges still weigh on the company’s long-term outlook, according to Wells Fargo. The bank reiterated its Underweight rating and $120 price target on the stock, warning that Tesla’s “short-term help” does not address “long-term question marks.” Wells Fargo raised its full-year 2025 delivery f ...
Updates with recent moves, additional contextInvesting.com-- Bitcoin advanced on Thursday but remained below the record high of nearly $112,000 that it briefly reached a day earlier, as profit-taking and fresh U.S. tariff concerns tempered investor enthusiasm. The world’s largest cryptocurrency rose 1.5% to $110,880, as of 09:41 ET (13:41 GMT). It briefly jumped to an all-time high of $111,988.2 ...
Investing.com-- U.S. President Donald Trump said on Sunday evening countries that are aligned with the BRICS bloc will face an additional 10% tariff over their allegedly anti-American practices. Trump also said that he will begin issuing letters to major economies outlining U.S. trade tariffs to “various countries” starting from 12:00 PM ET (16:00 GMT) from Monday, July 7. On the BR ...