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world·World Newsbybean

It's time to take Trump seriously, investors say as markets recoil

Six weeks into his second term, the U.S. president has hit imports from Mexico and Canada with 25% levies, put an additional 20% tariff on goods from China, threatened reciprocal tariffs globally and cut off military aid to Ukraine.

But instead of the rising yields and higher dollar that investors had wagered on in November, the so-called "Trump trade" is in full retreat.

Trade conflict has begun in earnest and the dollar is falling while bond yields dive.

U.S. allies are rattled. As Goldman Sachs analysts note, the average tariff rate on imports from China is now 34% and the increase is already roughly twice as large as that in the first Trump administration. Nobody wants to bet anymore that there will be swift compromises or deals.

https://www.reuters.com/markets/investors-say-its-time-take-trump-seriously-markets-recoil-2025-03-04/Open linkView original on lemmy.world
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spaceporn·SpacePicsbybean

Saturn stars in this near-infrared image taken June 25 by the James Webb Space Telescope.

Webb’s near-infrared camera took the picture of Saturn on June 25. Scientists added orange color to the monochrome picture to produce the image released Friday.

The picture shows Saturn’s iconic icy rings shining around the disk of the gas giant, which appears much darker in near-infrared due to the absorption of sunlight by methane particles suspended high in the planet’s atmosphere.

Webb pointed its 21.3-foot (6.5-meter) gold-coated mirror toward Saturn as part of an observing program to test the telescope’s ability to detect faint moons. The observations included several deep exposures of Saturn that astronomers are still analyzing to probe the planet’s fainter rings and search for undiscovered moons.

There are 146 known moons in orbit around Saturn, ranging in size from larger than the planet Mercury to the size of a sports arena, more than any other planet in the solar system, according to NASA.

via: ArsTechnica

View original on lemmy.world
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