Author: admin

CNN  —  President Donald Trump says his administration is making “very big” moves and has acknowledged there’s likely a “period of transition” or “disturbance” that could result. When asked during an interview that aired this weekend on Fox News about the likelihood of a recession being one of those outcomes, Trump told Maria Bartiromo: “I hate to predict things like that.” Fears of a severe economic downturn have escalated in recent weeks, and stocks plunged Monday on Trump’s comments, continuing a steep selloff driven by concerns about the impact of tariffs on US economic growth. But are recession fears justified?…

The supply of homes for sale across the nation always rises ahead of the busy spring market, but the Washington, D.C., metropolitan area is seeing an outsized increase, according to Realtor.com.Inventory gains in the region, which includes the District as well as Maryland and Virginia suburbs, began to accelerate in January and February, up 35.9% and 41% year over year, respectively. Inventory in the area from June to December had already been 20% to 30% higher than the previous year, but the increases accelerated even further in recent months.As of last week, active listings were up 56% compared with the…

One of President Donald Trump’s first actions upon entering the White House was to order federal employees to return to the office.The government workforce, he has repeatedly contended, could not be productive from home.“I happen to be a believer that you have to go to work. I don’t think you can work from home,” Trump said on Feb. 11. “Nobody’s going to work from home, they’re going to be going out, they’re going to play tennis, they’re going to play golf. They’re going to do a lot of things. They’re not working.”Three days later, Trump traveled to his sprawling Mar-a-Lago…

PLAYERS of Pakistan and German junior teams in action during the fourth match at the Nasser Bunda Stadium on Thursday.—Tanveer Shahzad/White Star ISLAMABAD: Germany’s junior hockey team capped off their tour of Pakistan in a spectacular fashion, securing a superb 4-1 victory over their Pakistan counterparts here at the Naseer Bunda Hockey Stadium on Thursday. The win steered world champions Germany to a 4-0 clean sweep of the four-match series. Earlier, the touring side won the first three matches, staged in Lahore, 2-1, 2-1 and 4-3. From the opening whistle, the young Germans demonstrated an impressive level of precision and…

New York CNN  —  US markets seesawed Tuesday amid another tariff roller coaster ride. All three major indexes dropped after President Donald Trump doubled down early Tuesday on his threat to levy a new round of hefty tariffs on Canada. Yet by the afternoon, markets had pared some losses as officials from both the US and Canada said they would meet this week to deescalate tensions and renegotiate trade policy. The Dow closed lower by 478 points, or 1.14%, after tumbling more than 700 points earlier. The broader S&P 500 fell 0.76% and the Nasdaq Composite fell 0.18%. The S&P…

A new AARP survey suggests nearly half (47%) of adults 50 and older who carry credit card debt use their cards to pay for necessities like health care, car payments and housing.Some 17% admitted they charged expenses to cover gaps in their budget every single month last year, putting them deeper in the red.“Rising costs of basic expenses like food, housing and utilities, along with health care expenses and unexpected financial burdens are threatening financial well-being and retirement security for many older Americans,” the report cautioned.In the report, Credit Card Debt and Adults Age 50-Plus, senior AARP advisor S. Kathi Brown found…

A Zim container ship at the Port of Oakland. (Photo: Shutterstock/Daniel Ramirez) Zim Integrated Shipping Services Ltd. results saw a significant turnaround as strategic operational expansions and increased market penetration yielded substantial gains in 2024. The world’s 10th-largest carrier said full-year revenues soared to $8.43 billion, up 63% year over year as net income of $2.15 billion improved a loss of $2.69 billion in 2023. Adjusted earnings before interest, taxes, depreciation and amortization reached $3.69 billion, up 252% y/y. Fourth-quarter revenues climbed to $2.17 billion, an 80% increase from the same period in 2023. Net income stood at $563 million,…

Gold exchange-traded funds (ETFs) have overtaken bitcoin ETFs in assets under management as investors shift toward the traditional safe-haven asset as BTC price tumbled more than 19% over the past three months, while the precious metal climbed 12.5%. Bitcoin ETFs, which saw significant inflows following their U.S. launch in January last year, have experienced major outflows, losing about $3.8 billion since Feb. 24 of this year, according to Farside Investors data. Meanwhile, gold ETFs recorded their highest monthly inflows since March 2022 last month, according to the World Gold Council. These flows have meant that gold ETFs have now “reclaimed…

TURIN: Pakistan’s special athletes made a historic splash at the Special Olympics World Winter Games clinching two gold medals in cross-country skiing and snowshoeing events. Muneeb Ur Rehman led the charge, winning Pakistan’s first gold medal in the men’s 50-meter cross-country skiing event. Moazzam Iqbal followed suit, securing another gold medal in the 800m snowshoeing race. Rovina Qurban added to Pakistan’s medal tally, claiming the silver medal in the women’s 50-meter cross-country skiing event. Muneeb, who hails from Swabi, Khyber Pakhtunkhwa, was overjoyed with his victory. “This is my first time participating in the World Winter Games, and I’ve been…

CNN  —  With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat to levy extraordinary energy, steel and aluminum tariffs on Canada and to destroy the country’s auto industry, Trump placed tariffs on all steel and aluminum imported from every country around the world, a policy that could drive up prices on a broad range of consumer and industrial goods for Americans. Europe immediately retaliated, adding pressure on a variety…