MARKET CHAOS
Bad news for Mark Carney: Canada's job market is so weak that candidates aren’t getting offers even after sending out 50 applications
Canada's young workers are facing a challenging job market, with postsecondary graduates experiencing an unemployment rate of 11.2% in early 2025, the highest in over two decades. Emmersen Lashley's experience of submitting numerous applications without success reflects this struggle. Economists warn that this economic downturn could have long-term financial consequences, impacting savings and career growth for young Canadians.
Is it too late to save the US economy from a recession?
During Donald Trump's second term, top American companies faced significant losses. Apple's valuation dropped drastically, followed by similar declines for Alphabet, Meta, and Tesla. Despite donations and support, these firms lost substantial wealth. Trump's tariff policies disrupted trade, impacting importers and potentially causing shortages. Market indicators signaled economic trouble, with recession odds increasing.
Siddharth Vora banks on largecaps, avoids smallcaps amid market uncertainty
Crude is rising, dollar is strengthening again, US bond yields are rising, the US-China trade deal is not so good for India at least sentimentally and from a flows perspective, and the recent geopolitical stress has also taken out some shine from India. Valuation premiums could contract for India in the near to medium term and given that we do not have much upside room in terms of valuation left, we could be in a very narrow range market.
Donald Trump's favorite channel, Fox, sees its reporter Charlie Gasparino criticize the President, says the U.S. is headed for deep trouble under him
Fox Business senior correspondent Charlie Gasparino has strongly criticized Donald Trump's tariff strategy, labeling it as potentially "insane." Gasparino warned on Fox News that Trump's high tariff policy could lead to serious financial turmoil in the U.S. He highlighted the bond market's critical role, cautioning that a shutdown could impact paychecks and national budgets.
Scrap copper was piling up in the US. Now it can finally move
US and China trade war caused chaos in the copper scrap industry. A mountain of scrap metal piled up in Salt Lake City. The truce between the two countries offers a temporary solution. US dealers are eager to resume shipments. However, skepticism remains about a lasting deal. The situation highlights the complex impact of tariffs on global supply chains.
Stocks rise across Asia on US-China trade truce
Shares in Australia and Japan jumped at the open after the S&P 500 closed more than 3% higher. Japan’s Topix gained for a 13th day, putting it on track for it longest winning streak in 16 years. A gauge of US-listed Chinese stocks surged 5.4% on Monday in its best session in over two months. The dollar was little changed in Asia after jumping Monday.
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Elon Musk thought he could break history. Instead it broke him.
Elon Musk’s time working with the Trump administration has come to an end. Once seen as a bold and successful businessman, his actions upset many in government and hurt his public image. Tesla sales have dropped, and he's stepping back from politics to focus on his companies, especially as challenges grow.
Investors welcome news of progress in US-China trade talks; US stock futures rise
U.S. and China trade talks brought a sense of relief to investors, hinting at a potential de-escalation in the trade war. While details remain scarce and major breakthroughs are not expected immediately, the conciliatory tone boosted U.S. stock futures.
Why only sentiment should not drive your decision to buy second home; ensure it yields good returns, is a strategic investment
Driven by lifestyle upgrades and convenience, Indians are increasingly investing in second homes in scenic locations, supported by improved infrastructure and a desire for wellness. However, investing in these properties, which offer rental yields and capital appreciation, requires careful consideration of usage, maintenance, and legal aspects to ensure a sound investment aligned with one's broader financial strategies.
Wary investors hope US-China talks cool high-stakes trade war
Investors hope US-China trade talks in Geneva will ease tensions and stabilize markets, though few expect a breakthrough. With tariffs as high as 145%, stakes are high. While some signs of progress emerge, volatility persists, and experts remain cautious about a swift resolution to this complex geopolitical dispute.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
Bengaluru tenant rants about rogue landlords who rule without rules. Netizens echo the outrage
A viral Reddit post has sparked outrage over Bengaluru's increasingly hostile rental scene, where tenants allege harassment, hidden charges, and zero accountability from landlords. From leaking walls to surprise repair bills, renters say they’re being exploited with little legal protection. As more stories pour in, the city’s booming housing market is under scrutiny for failing those who call it home.
Inside India's mock security drill on May 7: How towns prepare for air raids with blackouts
Following the Pahalgam terror attack that killed 26 Indian tourists, the Government of India has announced a nationwide civil defence mock drill on May 7, 2025, across nearly 300 districts with sensitive infrastructure. The drills will involve air-raid sirens, blackout simulations. Drawing from a 2003 civil defence manual, the government has emphasised blackout protocols designed to disrupt enemy aircraft and ensure safety.
India sees a future making solar panels for itself, and maybe the world
India is strategically positioning itself as a clean energy manufacturing hub, aiming to reduce reliance on China and capitalize on global supply chain diversification. Driven by domestic demand and government incentives, India is expanding its solar and EV battery production.
3 lessons valuations guru Aswath Damodaran learnt from April's wild market ride
Amid April’s global market turmoil, leading valuations expert and NYU finance professor Aswath Damodaran reflected on critical takeaways from the month's sharp volatility. In a blog post dated Saturday, May 3, 2025, Damodaran analyzed the surprising strength of equity markets despite rising geopolitical tensions
Can’t call the bottom in this market; it’s a buy-on-dip rather than sell-on-rise market: Abhay Agarwal
Abhay Agarwal of Piper Serica suggests a buy-on-dip strategy. He sees confidence returning to the Indian market. Domestic consumption is improving. Earnings growth is expected to revert to 10-15%. He recommends investing systematically over the next few months. Small finance banks and the pharma sector are attractive. He believes India can benefit from the US tariff realignment.
How Warren Buffett made $13 billion while others bled
In 2025's turbulent market, Warren Buffett's Berkshire Hathaway thrived by holding substantial cash reserves. While tech giants suffered losses, Buffett's strategy of exiting the 2024 bull market and investing in safe US Treasury Bills yielded significant returns. His approach, characterized by patience and a focus on value, contrasts sharply with chasing fleeting trends.
Living on rent in US cities is getting expensive again; Midwest takes the lead in new top 10 list
Rents throughout the United States continue to climb. Five cities in the Midwest unexpectedly were included in the top 10 fastest-growing rents list, indicating a change in housing demand away from the coasts. While increasing, Midwest rents are still relatively low compared with major coastal markets. Read on to know which cities have become expensive
‘2 dolls not 30’: Donald Trump defends China tariff woes with 'toy math'
US President Donald Trump has acknowledged that his aggressive tariff policies may lead to fewer and more expensive consumer goods in the United States, suggesting that American children might have "two dolls instead of 30." Despite a 0.3% contraction in the U.S. economy during the first quarter of 2025, Trump insists that China will suffer more from the ongoing trade war. Critics argue that his tariffs are causing economic instability, with rising inflation and fears of a potential recession looming.
Can India thrive purely on domestic growth amid global tariff turmoil? Sanjay H Parekh explains
Sanjay H Parekh advises caution due to global tariff uncertainties and potential import/export vulnerabilities, despite India's perceived strong position. His portfolio favors domestic-heavy sectors like financials, autos, and capital goods, while underweighting IT and oil & gas. He remains positive on SBI, expecting temporary NIM pressure due to repo rate cuts.
Tesla looking for Elon Musk's replacement? World's richest man reacts
Tesla has denied claims that it is seeking to replace Elon Musk as CEO, following a Wall Street Journal report suggesting a quiet board-led search. Chair Robyn Denholm dismissed the story as “absolutely false,” while Musk called it a “deliberately false article.” The report comes amid sharp profit declines, falling sales, political backlash, and Musk’s increasing time in Washington under the Trump administration. While speculation swirls, Tesla’s future leadership—and Musk’s focus—remain central concerns within the company and among investors.
India’s AI job boom; Hackers fuel Indo-Pak fire
Happy Thursday! Hiring in artificial intelligence (AI) roles is set to grow this fiscal, bucking tech industry trends. This and more in today’s ETtech Morning Dispatch.
US stock market sees worst first 100 days under any president since 1973, what may happen in Donald Trump's next 100 days in tenure?
Wall street, S&P 500, Dow Jones, and Nasdaq investors eagerly eyeing President Donald Trump's policies in the next 100 days in his tenure.
Trump tariffs force more automakers to scrap profit guidance
Mounting trade tensions, spearheaded by unpredictable U.S. tariffs, have prompted Stellantis and Mercedes-Benz to retract their profit forecasts, mirroring similar actions by other automakers. The uncertainty is disrupting long-term planning and investment in the auto industry, already grappling with the shift to electric vehicles.
Japan's Nikkei posts first monthly gain for year on trade talk hopes
Japan's Nikkei share average gained on Wednesday as investors awaited developments in U.S.-Japan tariff talks, helping the benchmark to register its first monthly gain since December.
Housefull 5 teaser: Akshay Kumar’s next film promises to be a ‘killer comedy’
Housefull 5 teaser: The film features a star studded cast including Akshay Kumar, Riteish Deshmukh, Abhishek Bachchan, Nargis Fakhri and Nana Patekar, among others. The film is set to hit theatres on June 6.
Should you buy gold this Akshaya Tritiya when price is near Rs 1 lakh – What you must know
As Akshaya Tritiya approaches, gold prices have surged, prompting investors to consider their next move. The surge is fueled by global economic uncertainties and geopolitical tensions. While gold holds cultural significance in India, experts advise a balanced approach, advocating for diversification rather than impulsive buying based on market predictions.
Asian stocks muted at open before earnings barrage
Australia’s benchmark stock gauge rose 0.4%, while equity-index futures for Hong Kong and China showed marginal moves. Contracts for the S&P 500 swung between small gains and losses after a late wave of buying wiped out losses in US stocks. The dollar steadied after falling Monday. There’s no trading of cash Treasuries in Asia as Tokyo is closed for a public holiday, and they will open at the start of the European session.
How Trump could champion fair trade — and save the WTO
US economic policy lacks strategic clarity. Donald Trump is alert to financial markets. His approach to trade may shift significantly. A reconstructed World Trade Organization is possible. Trump paused tariffs and mentioned potential tariff reduction on China. He also mentioned that he has no plans to fire Federal Reserve Chair Jerome Powell. Financial markets protested forcefully against his decisions.
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