U.S. approves $951M missile sale to Denmark
The U.S. State Department has authorised a potential Foreign Military Sale of Advanced Medium Range Air‑to‑Air Missiles (AMRAAM) to Denmark, aimed...
Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.
Global stock markets experienced a sharp decline on Monday as U.S. President Donald Trump remained steadfast in his tariff policies, triggering widespread panic among investors. The uncertainty surrounding tariffs has pushed futures markets to price in nearly five interest rate cuts by the Federal Reserve this year, sparking fears of a potential U.S. recession.
As stock prices plummeted, Treasury yields dropped, and investors flocked to safe-haven assets like the Japanese yen. The S&P 500 futures fell almost 5%, and the Nasdaq futures saw a dramatic 5.7% drop. Markets across Europe and Asia also suffered significant losses, with Germany’s DAX sinking by 9.4% and Hong Kong’s Hang Seng Index posting its largest decline since the 2008 financial crisis.
The tariff turmoil has led to rising concerns about inflation, with many companies facing pressure to either raise prices or absorb lower profit margins. Analysts expect more negative revisions to profit margin estimates as the earnings season gets underway.
Despite these market disruptions, analysts are betting that the Federal Reserve could reduce interest rates as early as May to cushion the economic impact. However, it remains unclear how long this downward market spiral will last amidst growing global uncertainty.
Vince Zampella, co-creator of the Call of Duty franchise, has died after a Ferrari crash on Angeles Crest Highway north of Los Angeles.
A major power outage swept across San Francisco on Saturday, leaving up to 130,000 customers without electricity, disrupting traffic and forcing some businesses to close temporarily, officials said.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
Israel’s government has approved the creation of 19 new Jewish settlements in the occupied West Bank, a move that analysts say further undermines the prospects for a viable Palestinian state.
Swedish customs officials have boarded a Russian freighter anchored in Swedish waters after confirming that the vessel and its owners are subject to European Union and U.S. sanctions.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
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