Apple
fromConsequence
1 month agoTrump Threatens Apple With 25% Tariff on iPhones
Trump threatens 25% tariff on Apple unless iPhones are produced in the U.S.
Apple cites impracticalities of relocating production to the U.S.
This legislation [will] set back America's global competitiveness, destabilize our energy future, and weaken the very industries that power our economy and strengthen our national security-while surrendering the 21st-century tech race.
The Bank of England's governor Andrew Bailey stated that there is an anticipated wide and volatile trading range of $3,600-3,100/oz for gold for the rest of the year.
A strong inward flow of millionaires creates a positive, self-reinforcing loop, as America is home to the largest, deepest capital market and is attractive to the wealthy.
"What I see two years out is low-cost will once again drive demand in this market," says McDaniel, general manager of Bila Solar. He adds, "That's going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia."
Market players are anticipating almost a 60% chance of a Federal Reserve rate cut in September, which diminishes the US dollar's attractiveness against the Yen.
"Mortgage rates reached their highest level since January, following higher Treasury yields," says Joel Kan, MBA's vice president and deputy chief economist. "As a result of these higher rates, applications activity decreased, driven by a 7% decline in refinance applications."
Silver prices retreated as improved risk sentiment diminished safe-haven demand, influenced by eased trade tensions between the US and EU, driving traders towards riskier assets.