Investing.com-- Asian stocks surged on Thursday tracking stellar gains on Wall Street, after U.S. President Donald Trump announced a 90-day pause on newly implemented reciprocal tariffs, excluding China.Investors also weighed China’s latest inflation data as trade tensions between Beijing and Washington continued to escalate.Japan and South Korea led the rebound on Thursday, while other stock ma ...
By Kenrick CaiLas Vegas (Reuters) -Alphabet said on Wednesday it was still committed to spending some $75 billion this year to build out data center capacity despite turmoil over U.S. tariffs and sought to reassure investors that its AI plans were yielding good returns.Investors are fretting about the massive capital costs of AI projects, especially as uncertainty surrounding U.S. President Donald ...
Investing.com-- Chinese companies selling products on Amazon (NASDAQ:AMZN) are considering price hikes or exiting the U.S. market entirely as President Donald Trump’s latest tariff hike delivered an "unprecedented blow," Reuters reported on Thursday citing the head of China’s largest e-commerce association.Trump announced on Wednesday that tariffs on Chinese imports would rise to 125%, up ...
By Liz Lee, Andrea Shalal and Susan HeaveyBEIJING/WASHINGTON (Reuters) - U.S. President Donald Trump’s stunning decision to pause most of the hefty duties he had just imposed on dozens of countries brought relief for battered global stock markets on Thursday, even as he ratcheted up a trade war with China. Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs ki ...