Category: Stock Market

President Trump Threatens 100% Tariffs on Canada Over Potential China Trade Deal

Posted on by Olumide Adesina

President Donald Trump cautioned Canada that a trade agreement with China would impose a 100% tariff on goods sold in the US. “Canada will immediately face a 100% tariff on all Canadian goods and products entering the United States if it strikes a deal with China. The president stated in a post on Truth Social.

 

Additionally, Trump hinted on Saturday that China might try to use Canada to avoid paying the United States.  Trump declared, “Governor Carney is gravely mistaken if he believes he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States.”

Prime Minister Mark Carney declared earlier this month that Canada and China had reached a preliminary agreement to lower tariffs and remove trade barriers. In accordance with the provisional agreement, Ottawa raised the quotas for imports of Chinese electric vehicles using the most-favored-nation tariff rate of 6.1 percent, and Beijing reduced tariffs on several Canadian agricultural products.

Trump increased the tariff on Canadian goods to 35 percent in August 2025. Under the Canada-US-Mexico Agreement (CUSMA), most Canadian exports are exempt from duties; however, some products, such as steel, copper, and some cars and auto parts, are subject to US tariffs.

Following Carney’s speech at the World Economic Forum in Davos, which warned against economic coercion by the world’s superpowers, Trump withdrew Canada’s invitation to join his “Board of Peace,” and the new tariff threat follows. Carney stated in his speech that in order to fend off pressure from the world’s biggest powers, the “middle powers”  must unite.

Carney stated last week that although the specifics had not yet been finalized, he planned to join the board. A $1 billion fee would be required for states to apply for a permanent board seat.

 

Wall Street Insider Turns Crypto Prophet: XRP Could Skyrocket to $1,000

Posted on by Olumide Adesina

A former Goldman analyst’s audacious prediction that  XRP will reach $1,000 by 2030 has sparked a firestorm on the X social media platform. The cryptocurrency supported by Ripple would need to rise more than 52,000 percent from its current levels to reach those levels.

Former Goldman Sachs analyst Dom Kwok projected an ambitious $1,000 per XRP for the end of 2030. In January, Kwok, a co-founder of EasyA, a Web3 education platform with direct XRPL grants, doubled down on his prediction. 23 times. Kwok wrote on X, “FYI, I did not go grey at the age of thirty for $XRP to be worth any less than $1,000 by 2030.” The analyst’s position supports the idea that short-term price spikes should not be used to evaluate XRP’s growth trajectory.

The native cryptocurrency on the XRP Ledger, a blockchain created to facilitate quick and inexpensive cross-border transactions, is called XRP. Ripple uses XRP to give banks, payment service providers, and cryptocurrency companies quick payment options. As of the time of writing, the price of XRP was approximately $1.91, keeping it as the fifth-largest cryptocurrency with a $116.3 billion market capitalization.

. A market capitalization of more than $100 trillion, or five times the current global GDP, would result from this price tag.

However, supporters of XRP think that token burns, institutional demand driven by spot ETF inflows, cross-border volume, strategic alliances, ongoing ecosystem development, and improved regulatory clarity will generate the demand shock and liquidity surge needed to cause a sharp price eruption toward quadruple-digit levels. As you may remember, Ripple formally resolved a protracted legal dispute.

Bitcoin “Very Bullish” as Fed Yen Support Could Trigger Massive Liquidity Boost

Posted on by Olumide Adesina

Arthur Hayes, a former CEO of BitMEX, claims that a potential intervention to support the Japanese yen may benefit Bitcoin.

Bitcoin is experiencing severe selling pressure right now.

His remarks come after reports that the New York Fed checked the dollar-yen exchange rate in January. However, there is no indication of liquidity expansion in the Federal Reserve’s current balance sheet data. Hayes stated in a post on X that the Fed would probably need to buy yen and sell dollars in order to provide support for the yen, which would increase financial system liquidity.

According to him, the Fed would be expanding its balance sheet if the line item for “foreign currency-denominated assets” increased. Bitcoin has historically performed better during times of balance sheet expansion. Following reports that the New York Fed checked dollar-yen rates yesterday, January 23, speculation increased.’

This month, Japanese officials have also repeatedly cautioned against making excessive currency movements. After a period of persistent weakness, the yen strengthened in response to these developments, momentarily trading close to 155.90 per dollar. Despite the signals, there has been no formal announcement of US or coordinated intervention.

. Foreign currency-denominated assets are stable at about $19 billion, with no discernible rise, according to 4.1 releases.

The Fed’s overall balance sheet is still shrinking and stands at about $6.58 trillion. According to Brain AI, the balance sheet estimate is declining by about $75 billion every month. The most recent data also showed a significant decline in bank reserves, suggesting a net drain rather than an increase in liquidity. The most recent report showed a slight increase in Treasury holdings, but the balance sheet did not grow overall

Intel Plunges 17% as CEO Lip-Bu Tan Flags Manufacturing Woes and Weak Outlook

Posted on by Olumide Adesina

Intel’s stock fell as much as 17.5% after CEO Lip-Bu Tan issued a poor forecast and cautioned that the chipmaker was having manufacturing issues.

Intel’s Rally Stalls as Resistance Levels Weigh on Recent Gains

Revenue and earnings forecasts for the first quarter were significantly below Wall Street expectations. Additionally, Tan’s statement during a conference call with analysts that it would require “time and resolve” to turn around the business caused the shares to drop.

Investors who were hoping for a greater boost from new products are disappointed by production issues. “We are on a multi-year journey,” the CEO declared. Low manufacturing yields, or the proportion of usable chips that leave its factories, are a problem for Intel, the biggest producer of personal computer processors. This has made fulfilling orders more difficult. This is yet another setback for the once-dominant semiconductor company, which has been working for years to recover from market share losses and regain its technological advantage.

Tan stated in an interview that the company is making  efforts to address its manufacturing issues and that demand is “quite strong.” However, he noted that Intel depleted a large portion of its stock during the fourth quarter. Tan declared, “Our production, manufacturing, and yield are not up to my standards.”

Chief Financial Officer Dave Zinsner stated during the conference call with analysts that the company won’t have more supply until the end of the first quarter, especially of profitable server computer chips. He clarified that it will take several months to produce more products because Intel has depleted its inventory.

According to Zinsner, supply will rise every quarter this year. In contrast to Intel’s recent attempts to reduce its budget, spending on new plants and equipment in 2026 will be comparable to that of the previous year. However, he stated that any increase in output from new equipment won’t occur until 2027.

Another difficulty, according to Zinsner, is that even though there is a strong market for server chips, the company cannot move production too quickly in that direction without endangering its PC clients.

According to Tan, there is also worry that rising memory chip costs will result in more costly laptops and decreased demand. Intel had been enjoying a surge of enthusiasm from Wall Street. In recent months, investors have poured money into the stock, wagering that new products would strengthen finances. Additionally, Nvidia Corp. and the US government made prominent investments in Intel. and SoftBank Group Corp.

 

APLD Stock Aims the Highs Above $40 as Data Center Expansion Gains Traction

Posted on by Skerdian Meta

Applied Digital’s latest earnings and the introduction of a new AI-focused data center campus have revived the company’s upward momentum, pushing the stock back toward all-time highs while keeping a tight eye on execution issues. Continue reading “APLD Stock Aims the Highs Above $40 as Data Center Expansion Gains Traction” →

MSFT Stock Rebounds Strongly on Earnings Exp. Despite Downgrade from Wall Street

Posted on by Skerdian Meta

Microsoft’s growth story is increasingly being challenged by rising costs, regulatory risk, and valuation fatigue—forcing investors to ask when scale will finally translate into stronger profitability but we’re seeing a strong rebound ahead of earnings. Continue reading “MSFT Stock Rebounds Strongly on Earnings Exp. Despite Downgrade from Wall Street” →

$5 Billion Bombshell: Trump Sues Jamie Dimon, JPMorgan for Post-Jan. 6 Debanking

Posted on by Olumide Adesina

JPMorgan Chase & Co. was sued by President Donald Trump and its CEO, Jamie Dimon, for at least $5 billion over claims that the bank stopped providing banking services to him and his companies for political reasons.

The bank faces accusations of trade libel and violating the implied covenant of good faith, as outlined in a complaint filed on Thursday. It also alleges that Dimon violated Florida’s laws against deceptive trade practices. JPMorgan responded by stating that it does not terminate accounts based on political or religious beliefs.

Trump has frequently targeted JPMorgan in his efforts to combat what he sees as banks refusing to offer financial services to clients for ideological reasons, especially after JPMorgan closed accounts for Trump and his companies about seven weeks after the January 6 assault by his supporters on the U.S. Capitol. At that time, Trump was no longer in office and had low political standing.

According to the complaint filed in Miami-Dade County court, JPMorgan, the largest U.S. bank, informed the plaintiffs that it was closing their accounts “without warning or provocation,” causing significant financial and reputational damage.

Since regaining power last year, Trump has sought revenge against alleged political adversaries. His targets include law firms, colleges, businesses, media outlets, Democratic officials, and others who oppose his ideology.

The complaint claims the bank was motivated by its “woke” belief that it needed to distance itself from Trump and his conservative views. JPMorgan Chase essentially removed the plaintiffs’ accounts because it believed the current political climate supported such actions. JPMorgan states that the lawsuit has no merit.

The bank, based in New York, stated, “We do close accounts because they create legal or regulatory risk for the company.” It added, “We hate having to do this, but regulations and expectations often compel us to do so. We support efforts to prevent the banking industry from becoming a tool for political agendas, and we have been urging both this and previous administrations to change the laws and policies that have put us in this situation.”

In November, the bank disclosed that it is undergoing reviews, investigations, and legal actions related to the Trump administration’s campaign against “debanking.” Additionally, Capital One Financial Corp. has already been sued by the Trump Organization over similar accusations.

Forex Signals Jan 23: Intel Q1 Outlook Tempers INTC Rally, Next SLB, Ericsson, and First Citizens Earnings

Posted on by Skerdian Meta

Despite the Q4 2025 beat, Intel’s stock fell as SLB, Ericsson, and First Citizens’ results slate on Friday covers both cyclical and defensive businesses. The findings are an important indicator of overall market confidence as investors reassess growth, profitability, and future guidance early in the year. Continue reading “Forex Signals Jan 23: Intel Q1 Outlook Tempers INTC Rally, Next SLB, Ericsson, and First Citizens Earnings” →