Bitcoin touches $120,000 for the first time; investors eye key US crypto bills; digital currency up 29% so far this year

The stock market had a shaky day after former President Trump floated the idea of slapping 100% tariffs on Russian goods if re-elected. The Dow Jones swung up and down as investors tried to digest what this could mean for trade and global markets.

Editor’s Note: Trade tensions always rattle Wall Street, and Trump’s latest comments add another layer of uncertainty. If these tariffs actually happen, they could disrupt global supply chains, push prices higher, and strain relations with Russia—something markets really don’t need right now. Investors hate unpredictability, and this is a big "what if" hanging over their heads.

Donald Trump is floating the idea of slapping 100% tariffs on Russian goods if he wins the presidency again—a dramatic escalation meant to force Moscow to the negotiating table over Ukraine. It’s a hardball move, signaling he’d take a far tougher economic stance than the current sanctions regime.

Editor’s Note: This isn’t just about trade—it’s a glimpse into how Trump might handle the Ukraine war if he returns to power. While tariffs could ratchet up pressure on Russia, they also risk inflaming tensions further or even backfiring on global markets. Either way, it’s a stark reminder that the U.S. election could reshape the conflict’s trajectory.

Ford is recalling over 850,000 vehicles due to safety concerns, adding to a growing list of recalls this year. In fact, the company has already set an unwanted record—issuing more recalls in the first half of 2024 than any other automaker in history.

Editor’s Note: If you own a Ford, you might want to check if your vehicle is part of this massive recall. Safety issues are no joke, and this record-breaking wave of recalls suggests something’s off with Ford’s quality control. It’s a red flag for drivers, regulators, and investors alike—because when recalls pile up this fast, it’s not just about repairs, it’s about trust.

Mark Zuckerberg is doubling down on AI, announcing that Meta will pour hundreds of billions into building massive data centers to chase "superintelligence"—AI systems that could surpass human cognitive abilities. He framed it as a long-term bet, but didn’t shy away from the staggering scale of investment.

Editor’s Note: This isn’t just another tech upgrade—it’s a high-stakes gamble on AI becoming the next frontier of power. While Zuckerberg’s vision could accelerate breakthroughs, it also raises questions about who controls such advanced tech and whether society’s ready for what "superintelligence" might bring. For now, Meta’s wallet is wide open.

European stock markets had a bumpy ride today as investors reacted to former U.S. President Donald Trump’s proposal to slap 30% tariffs on imports from the EU. Some sectors dipped while others held steady, reflecting uncertainty over how this could hit trade between the two economic powerhouses.

Editor’s Note: Tariffs are like taxes on imports, and when they go up, businesses and consumers often end up paying more. Trump’s plan—even as a proposal—has rattled markets because it threatens to reignite transatlantic trade tensions, which could hurt European exporters and disrupt supply chains. If this escalates, it might mean pricier goods for shoppers and tighter margins for companies on both sides of the Atlantic.