Trump proposes temporary suspension of federal gas tax amid rising fuel prices due to Iran war

Trump's rejection of Iran's proposal heightens geopolitical tensions, potentially impacting global oil markets and diplomatic relations. The post Trump rejects Iran’s proposal, says ceasefire is ‘on life support’ appeared first on Crypto Briefing.

Trump's visit to China could reshape tech and crypto markets, as geopolitical dynamics influence supply chains and digital asset flows. The post Trump embarks on first US state visit to China since 2017, and crypto markets are watching closely appeared first on Crypto Briefing.

The delay in suspending beef import tariffs highlights the tension between consumer prices and protecting domestic agriculture, impacting market dynamics. The post Trump delays plan to suspend tariffs on imported beef as ranchers push back appeared first on Crypto Briefing.

Nvidia's unprecedented market valuation underscores the growing influence of tech giants in global economic and geopolitical dynamics. The post Nvidia stock reaches all-time high as Jensen Huang joins Trump on China visit appeared first on Crypto Briefing.

The post United States Producer Price Index soars in April amid Iran war appeared on BitcoinEthereumNews.com. The United States (US) Producer Price Index jumped to 6% on a yearly basis in April, following the 4.3% posted in March and largely surpassing the expected 4.9%. On a monthly basis, the PPI rose 1.4%, doubling the March reading of 0.7%, and much higher than the anticipated 0.5%. Wholesale inflation hit its highest since December 2022, not really a surprise considering what’s going on in the Middle East. The energy supply disruption triggered by the Iran war is the main source of higher inflationary pressures around the globe and what’s twisting central bankers’ hands. The figures came a day after the Consumer Price Index (CPI) rose by 3.8% in the same period, nearly doubling the Federal Reserve’s (Fed) goal of 2%, spurring speculation that the central bank will have no choice but to hike interest rates. Market reaction The US Dollar Index (DXY) retains the positive momentum acr

U.S. President Donald Trump arrived in Beijing on May 13 for a formal state visit at the invitation of Chinese President Xi Jinping. The visit marks a renewed high-level diplomatic engagement between the world’s two largest economies amid ongoing strategic…

The post Dollar Hits One-Week High on Inflation, Iran Tensions, Trump-Xi Talks appeared on BitcoinEthereumNews.com. US inflation hit 3.8% in April, above forecasts, wiping out all Fed rate cut hopes for 2026. Markets now price a 35% chance of a Fed rate hike in December rather than a cut. Iran ceasefire declared on life support by Trump as oil climbs once again. Three big things are hitting global markets at the same time right now. US inflation came in higher than expected, the Iran ceasefire is falling apart, and markets are bracing for a critical meeting between President Trump and China’s Xi Jinping in Beijing. The result is that the US dollar is getting stronger, Treasury yields are rising, and the chances of the Federal Reserve cutting interest rates this year have essentially dropped to zero. The euro dropped to $1.1735. The British pound slipped to $1.3532. The dollar index, which measures the dollar against a basket of major currencies, held near 98.335, its strongest level in

The post Premarket Winners and Losers: Chip Stocks Rally While Alibaba (BABA) Slides on Weak Earnings appeared on BitcoinEthereumNews.com. Quick Overview Semiconductor leaders Micron, Nvidia, and Qualcomm rallied in early trading as their chief executives accompanied Trump to China Alibaba declined despite reporting doubled net profit, with adjusted earnings plunging almost 100% versus prior year EchoStar soared 8.5% following FCC clearance for its spectrum transaction with AT&T and SpaceX Nextracker rallied 14% on stronger-than-anticipated Q4 results and upgraded FY2027 revenue guidance Ring Energy plummeted 18% following announcement of dilutive equity offering priced at $1.35 per share Equity futures signaled an upward trajectory Wednesday morning as market participants braced for President Donald Trump’s high-profile meeting with Chinese President Xi Jinping in the Chinese capital. Semiconductor equities dominated early session advances. Micron climbed 6.1%, Nvidia gained 2.4%, and