Why Markets Went Crazy Over 50% Copper Tariffs
Last week, President Trump sent markets into a tizzy, when he proposed tariffs on one of the world's most valuable commodities: Copper.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Beal agrees to Suns contract buyout with Clippers next: reports
Three-time NBA All-Star guard Bradley Beal has agreed to a contract buyout by the Phoenix Suns that opens the door to joining the Los Angeles Clippers, according to multiple reports on Wednesday. The 32-year-old American was the third overall pick in the 2012 NBA Draft by Washington and traded to Phoenix in 2023 but struggled in two seasons with the Suns, setting the stage for his departure. After clearing waivers, Beal plans to sign a two-year deal worth $11 million with the Clippers, his agent told ESPN and the Arizona Republic, with a player option for the 2026-27 campaign that could make him a top free agent next year. The Suns had the NBA's most expensive roster last season but finished 36-46 and missed the playoffs for the first time since 2020. Beal's buyout marks the latest move to revamp the roster. Phoenix fired Mike Budenholzer as coach in April, replacing him last month with Cleveland assistant coach Jordan Ott. The Suns also traded star forward Kevin Durant to the Houston Rockets as part of a seven-team deal earlier this month. Beal battled injuries in his two seasons with the Suns, playing 53 games in each. Last season, Beal averaged 17.0 points, 3.7 assists, 3.3 rebounds and 1.1 steals a game. It was his lowest point-per-game production since the 2014-15 campaign. Beal would join a Clippers lineup that includes guard James Harden, forward Kawhi Leonard and center Brook Lopez. A handful of NBA rivals reportedly made pitches for Beal, whose new club has enough money below the league salary cap to compete in the free agent market for the next two years. js/aks
Yahoo
14 minutes ago
- Yahoo
Trump Eyes Tariff Rate of 10% or 15% for More Than 150 Countries
(Bloomberg) -- President Donald Trump said he would send letters to more than 150 countries notifying them of tariff rates and that the levies imposed could be 10% or 15% as he forges ahead with his trade agenda. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say 'We'll have well, over 150 countries that we're just going to send a notice of payment out, and the notice of payment is going to say what the tariff' rate will be, Trump told reporters on Wednesday at the White House. 'It's all going to be the same for everyone, for that group,' Trump added, saying that the trading partners that would receive those letters were 'not big countries, and they don't do that much business.' In an interview with Real America's Voice broadcast later on Wednesday, Trump said the rate would 'be probably 10 or 15%, we haven't decided yet.' Trump in recent days has unleashed a barrage of tariff demands, informing other economies of new duties that will kick in on Aug. 1 if they cannot negotiate better terms with the US. The letters extended what was initially a July 9 deadline for another three weeks, setting off a frantic dash for trading partners looking to avoid higher levies. While Trump and his advisers initially expressed hopes of securing multiple deals, the president has been touting the tariff letters themselves as 'deals' and suggesting that he is uninterested in back-and-forth negotiations. Still, he has left the door open for countries to make agreements that could lower those rates. The rates imposed so far are largely similar to those Trump threatened in April and then quickly paused after market volatility, but the letters have injected further uncertainty into financial markets and surprised partners such as the European Union, which had been hoping to conclude tentative deals with the US. 'We could make a deal possibly with Europe. You know, it's, I'm very indifferent to it,' Trump said in the Real America's Voice interview, suggesting he saw the letter he sent the EU as a deal. Asked in the interview what he believed would happen with Canada, which is facing a 35% tariff on some goods in August, the president said it was 'too soon to say.' (Updates with additional Trump remarks in paragraphs 4, 8-9.) Forget DOGE. Musk Is Suddenly All In on AI How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All How Hims Became the King of Knockoff Weight-Loss Drugs Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot The New Third Rail in Silicon Valley: Investing in Chinese AI ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
14 minutes ago
- Yahoo
Entegris to Report Results for Second Quarter of 2025 on Wednesday, July 30, 2025
BILLERICA, Mass., July 16, 2025--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), will release its financial results for the second quarter of 2025, before the opening of the market on Wednesday, July 30, 2025. A teleconference with management is scheduled for the same day at 9:00am ET. Participants should dial +1 800-579-2543 or +1 785-424-1789 and reference Conference ID: ENTGQ225. Participants are asked to dial in 5 to 10 minutes prior to the start of the call. For the live webcast and replay of the call, please Click Here. ABOUT ENTEGRIS Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 8,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at View source version on Contacts Entegris, SeymourInvestor Relations+ 1 952 556
