Radley London to raise prices to combat Trump’s tariffs June 2, 2025 Luxury handbags brand Radley London has warned it will increase its prices in the US amid the ongoing uncertainty surrounding US President Donald Trump’s tariffs. The business, which designs and manufactures luxury handbags, purses and other women’s accessories, said the tariffs the US government has placed on goods being imported from India could hit its bottom [...]
Millennial investors bought cheap stocks in Trump tariffs market turmoil June 2, 2025 More than a third of millennial investors bought stocks and shares in the market turmoil that followed US President Donald Trump’s “liberation day” tariffs, a survey reveals. The age group took advantage of the volatility that swept across the world’s financial markets to buy cheap stocks, according to the research from Charles Stanley Direct. Some [...]
Musk Trump rift: Why did the Tesla chief walk away from the White House? June 2, 2025 Elon Musk has confirmed his departure from Donald Trump’s administration, formally stepping down from his high profile role leading the Department of Government Efficiency (DOGE) – a controversial experiment in federal downsizing that, true to its meme-inspired acronym, has dominated headlines and ignited deep political debate in Washington. The billionaire tech entrepreneur, who last year [...]
US court won’t lift judge’s block on Trump’s government overhaul May 31, 2025 A US appeals court on Friday refused to allow President Donald Trump’s administration to carry out mass layoffs of federal workers and a restructuring of agencies, leaving a lower court order in place that blocked the sweeping government overhaul. The decision by the San Francisco-based US Circuit Court of Appeals means that, for now, the Trump administration [...]
Hegseth: US will stand by allies against ‘imminent’ China threat May 31, 2025 US defence secretary Pete Hegseth reassured allies in the Indo-Pacific on Saturday that they will not be left alone to face increasing military and economic pressure from China, while insisting that they also contribute more to their own defence. He said Washington will bolster its defences overseas to counter what the Pentagon sees as rapidly [...]
Trump says he will double tariffs on foreign steel to 50 per cent May 31, 2025 President Donald Trump said that he is doubling the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, cars and other goods. Trump spoke at US Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, to discuss investments by Japan’s [...]
Trump tariffs: Legal twist as court rules in favour of trade levies May 30, 2025 President Trump can legally keep his tariffs in place for the moment, a federal appeals court has ruled – just a day after his trade policies were “declared to be invalid” by a US court. The fresh ruling comes just over a day after the lesser known US Court of International Trade found that tariffs [...]
Nvidia smashes forecasts – but China trade drag looms large May 29, 2025 Nvidia once again beat Wall Street’s lofty expectations last night, reporting nearly $44.1bn in revenue in its first quarter – a staggering 69 per cent jump year on year. But despite a positive set of numbers and a surge in data centre sales, there are still warning lights blinking on the AI chip giant’s dashboard. [...]
Trump tariff policy in tatters after being ‘declared invalid’ by US court May 29, 2025 Donald Trump’s sweeping global tariff plans have been thrown into doubt after a court said the US President’s executive orders under which they were introduced were “declared to be invalid as contrary to law.” The US Court of International Trade found that the president lacked the authority to use emergency economic powers legislation when he [...]
Premier Miton: Asset manager faces tariff strain May 29, 2025 AIM-listed fund manager Premier Miton recorded a drop in its assets for the first half of the financial year, citing “investor caution, particularly toward UK and European equity strategies”. The firm’s assets under management dropped to £10.2bn, compared to £10.7bn in September 2024. Net outflows jumped to £254m, a sharp increase from £46m for the same [...]