According to Reuters, Bitcoin dropped to $78,800, experiencing a 5% decrease in its value. Bloomberg reported that Ethereum and Solana dropped over 9%. The agency observes that cryptocurrency markets are "showing no notable improvement in risk sentiment" following U.S. President Donald Trump's announcement of higher customs tariffs on imports from the nation on April 2. Bitcoin's value...

The European Commission (EC) imposed fines totaling approximately €458 million on several leading car manufacturers and the European Automobile Manufacturers' Association (ACEA) for their involvement in a cartel concerning car recycling. The regulator determined that the firms and ACEA had engaged in anti-competitive agreements and coordinated actions in this sector for over 15 years. Among other...

David Kostin, a strategist at Goldman Sachs Group, has reduced his target estimate for the U.S. S&P 500 index for the second time within a month, according to Bloomberg, citing the analytical report. Previously, on March 11, Kostin revised his prediction for the S&P 500 from 6,500 points at the end of 2025 to 6,200. He has now revised expectations downward to 5,700 points. The Goldman Sachs...

In February, the percentage of Chinese electric vehicles in the overall sales of these cars in Europe dropped to the lowest level in two years because of trade restrictions. As reported by the analytical firm Dataforce, it declined to 6.9% from 7.8% in January. In October 2024, the European Union authorized steep tariffs on imports of Chinese electric vehicles, with rates that can go as high as...

Analysts from Goldman Sachs Group increased their gold price prediction for the end of 2025 to $3300, as reported by Bloomberg, referencing a research note. This marks the second upward adjustment in Goldman Sachs' prediction for the precious metal since the start of the year. Just over a month ago, in February, analysts forecasted the price of gold to reach $3100 by the conclusion of 2025....

Several leading commodity and energy trading firms may anticipate their return to Russia if the sanctions are removed, according to Bloomberg. The agency notes that some of them are still skeptical about the possibility of such a scenario occurring soon. “If the sanctions are relaxed sufficiently for us to go back to Russia, then why not? That is our responsibility,” Torbjörn Törnqvist, the...

High-ranking foreign officials and representatives from leading tech firms have urged President Donald Trump's administration to lift the limitations on exporting AI chips, referred to as the "AI diffusion rule," according to Bloomberg, which interviewed over a dozen individuals familiar with the matter. Former U.S. President Joe Biden announced limitations on AI chip exports during his last days...

Leaders of 14 oil, gas, and pipeline companies in Canada have issued an open letter to the leaders of all political parties, encouraging them to hasten the development of energy projects to broaden the country’s export markets in light of the trade conflict with the United States. The letter notes increasing public backing for the development of new energy infrastructure in Canada, such as oil...

Family members of US President Donald Trump were negotiating to acquire a stake in the US branch of the cryptocurrency exchange Binance, The Wall Street Journal reports, referencing knowledgeable sources. In November 2023, Binance Holdings Ltd. admitted guilt to breaching US anti-money laundering regulations, along with its founder Changpeng Zhao, who resigned. As per sources from WSJ,...