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April 3 news, SEC documents showed that Apple (AAPL.O) CEO Cook sold 108,136 shares of Apple common stock on April 2, worth more than US$24 million.April 3: U.S. short-term interest rate futures rose as traders put the probability of the Federal Reserve cutting interest rates for the fourth time this year at nearly 50%, compared with previous forecasts of only three cuts.April 3, market analyst Allison Morrow said that for Trump, who promised to lower consumer prices on the first day of the campaign, his first major economic move is a set of policies that are almost guaranteed to have the opposite effect. Tariffs will raise prices, curb economic growth, and make the United States more likely to fall into recession. Critics of tariffs are worried about the fundamental contradiction of Trumps plan. He believes that tariffs are an all-purpose economic tool that can restore Americas manufacturing strength, restore trade balance, and bring in a lot of money to help the United States repay its deficit and reduce the tax burden on Americans. Although tariffs can do some of these, it is impossible to achieve these goals at the same time.April 3, Dan Ives, head of global technology research at Wedbush, believes that the impact of the massive tariffs introduced by Trump on Wednesday on the market is worse than expected. "We characterize this series of tariffs as worse than the worst case scenario the market fears." He added that technology stocks will face "significant" pressure due to the impact of tariffs, and investors are anxious about demand destruction and supply chains. For Nvidia (NVDA.O) and other chip companies that have a significant relationship with the supply chain, the concern will be the impact on pricing and profit margins, and what this means for the future global supply chain. Apple (AAPL.O) is also worth paying attention to because most of the companys iPhone production is carried out in foreign countries.On April 3, Fitchs head of U.S. economic research said that the current U.S. tariff rate on all imported goods is about 22%, while it will be 2.5% in 2024.

Imports of Russian Coal And Ships Into EU Ports Proposed by European Commission

Haiden Holmes

Apr 06, 2022 09:23

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"We have all seen the heinous images from Bucha and other regions just liberated by Russian soldiers. These crimes cannot be allowed to go unpunished, and they will not be "Ursula von der Leyen, the executive director of the European Union, said this.


"The four sanctions packages have been particularly painful on the Kremlin and have severely constrained its political and economic alternatives. We need to boost our pressure even further in light of recent events "She said this in a Twitter address (NYSE:TWTR).


She said that the idea included a four-billion-euro annual ban on coal imports from Russia and a complete prohibition on four major Russian banks, including the country's second-largest, VTB.


"We are developing new sanctions, including on oil imports, and we are considering some of the member states' proposals, such as levies or alternative payment channels such as an escrow account," von der Leyen added.


Additionally, the EU will prohibit Russian boats and Russian-operated vessels from entering EU ports, with exceptions for agricultural and food supplies, humanitarian relief, and energy.


In addition, the EU will restrict Russian and Belarusian road transport operators and will prohibit the sale to Russia of quantum computers, sophisticated semiconductors, sensitive machinery, and transportation equipment valued at ten billion euros per year.


Von der Leyen said that the 27-nation bloc would also suspend imports of Russian timber and cement, as well as seafood and alcoholic beverages worth a combined 5.5 billion euros per year.


It will bar Russian firms from participating in EU public procurement contracts and add further persons to a list of individuals whose EU assets will be frozen and who will be denied entry.