President Donald Trump announced plans to impose tariffs on Canada and Mexico starting next Tuesday and to double the 10% tariff on imports from China. He cited the smuggling of illicit drugs, such as fentanyl, into the US as a reason for the tariffs. These measures have caused concerns about inflation and potential impacts on the global economy.
In Q4 2024, the American economy grew at a 2.3% annual rate with strong year-end consumer spending, though slower than the previous quarter's 3.1%. For the year, growth was 2.8%. Despite low unemployment (4%) and reduced inflation from 2022 highs, uncertainties loom for 2025 with President Trump's trade policies and mass deportations potentially impacting prices and labor.
Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market direction.
Sebi mandates AMCs to deploy NFO funds within 30 business days from April 1, 2025. Investment committees may extend this once, with reasons documented and monitored by trustees. AMCs must specify achievable timelines in scheme documents.
Elon Musk's role in the Department of Government Efficiency under President Trump presents significant financial conflicts of interest, as his various companies stand to benefit. However, his involvement creates risks and backlash, with concerns about his influence over critical technology sectors and potential favoritism in regulation and procurement.
Address: 1150 E. 49th St., Chicago Listed: Jan. 27, 2025 Price: $1,649,900 Listing agent: Kimberly Harding, Berkshire Hathaway HomeServices Chicago, 312-268-2773 This five-bedroom home in the Kenwood neighborhood features three full bathrooms, two half baths and an open floor plan, with skylights and custom fixtures throughout. The family room has floor-to-ceiling windows, while the living […]
