May 6 2025, 04:00 U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country, saying the American movie industry was dying a “very fast death” due to the incentives that other countries were offering to lure filmmakers. “This is a concerted effort by other Nations and, therefore, a National…
May 6 2025, 06:51 Gold edges lower in early Asian trade on a likely technical correction after front-month gold futures closed 2.5% higher on Monday. However, support has been found at the 20-day simple moving average, and the precious metal’s momentum has realigned with the well-established bullish trend on the daily chart, says Matt Simpson,…
May 6 2025, 06:58 Oil prices steadied after a sharp decline with the prospect of more OPEC+ supply weighing on the outlook, as the U.S.-China trade war continues. West Texas Intermediate crude futures were trading above $57 a barrel after falling 2% on Monday, with Brent crude settling near $60. Saudi Arabia has warned of…
May 6 2025, 07:22 The Trump administration has declared Harvard University ineligible for new federal research grants in the latest escalation between the White House and the Ivy League school. Education Secretary Linda McMahon will send a letter warning the university that access to additional federal funding will be blocked until “they demonstrate responsible management,”…
