Dollar flat as market awaits tariff direction, central bank decisions
  • January 22, 2025

Dollar flat as market awaits tariff direction, central bank decisions

NEW YORK (Reuters) -The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans. Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1. After hitting a more than two-year high of 110.17 yen last week largely on anticipation of tariffs, the greenback has shown signs of an overcrowded trade reversing on the lack of firm plans from Trump.

Samsung Set to Enter AR Glasses Market in Race With Meta, Apple
  • January 22, 2025

Samsung Set to Enter AR Glasses Market in Race With Meta, Apple

(Bloomberg) -- Samsung Electronics Co. expects to enter the augmented reality glasses market in partnership with Alphabet Inc.’s Google, according to the company’s top mobile executive, jumping into a product category that is suddenly heating up. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersDonations to LA Fire Victims Rise Past $200 Million MarkLA Schools Wrecked by Fires Plead on GoF

STOXX 600 closes at near four-month high as markets brush aside tariff concerns
  • January 22, 2025

STOXX 600 closes at near four-month high as markets brush aside tariff concerns

European stocks closed higher on Wednesday, driven by heavyweight technology and industrial sectors, with markets seeming unfazed by tariff anxieties stirred by recent declarations from U.S. President Donald Trump. Heavyweight technology stocks <.SX8P> led the charge, rising 1.3%, with technology stocks on Wall Street gaining on upbeat earnings. Despite Trump's promises to levy new tariffs on the European Union and his threats to impose a 10% tariff on Chinese goods by February 1, the markets remained resilient.