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October 2, 2025 Economy by ORANEC

Taiwan considers high-tech strategic partnership with United States

TAIPEI (Reuters) -Taiwan is considering forming a high-tech strategic partnership with the U.S., which wants increased Taiwanese investment, the island's top tariff negotiator said on Thursday, giving an update on talks with Washington.Taiwan, home to the world's biggest contract chipmaker TSMC, runs a large trade surplus with the United States. The island's exports to the U.S. are currently subject to a 20% tariff, a figure Taipei's government is seeking to cut.Taiwan Vice Premier Cheng Li-chiun, who is leading the tariff talks with Washington, told reporters in Taipei she was hopeful both si…

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October 2, 2025 Economy by ORANEC

Amgen Inc (AMGN) Ramps Up Manufacturing Capacity in US, Amidst Hefty Tariffs

Amgen Inc. (NASDAQ: AMGN ) is one of the Top Blue Chip Stocks to Buy At 52-Week Lows . On September 26, Reuters reported that global drugmakers are rushing to increase their manufacturing capacity in the United States as the Trump administration is imposing hefty tariffs on pharmaceutical imports.As a result, Amgen Inc. (NASDAQ:AMGN) is also ramping up investment to enhance its manufacturing capacity in the United States. The company earlier in August announced a $900 million investment to expand its Ohio manufacturing facility, taking its total investment in the state to $1.4 billion. More re…

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October 2, 2025 Economy by ORANEC

How Trump could use a government shutdown to turbocharge his economic agenda

The federal government might be shut down , but President Trump is making every effort not to let that slow down his economic agenda.The president's economic priorities that aren't directly related to the stoppage won't be interrupted, as administration-authored shutdown contingency plans allow for tariff rollouts to continue and a $20 billion bailout for Argentina to remain intact.The White House also appears set to use the funding shortfall as an opportunity to expand Trump's imprint, with the president promising to use expanded powers in a shutdown to potentially fire government workers or …

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October 1, 2025 Economy by ORANEC

Brazil's Jacu bird poo-poos US tariffs as specialty coffee sector suffers

By Oliver GriffinDOMINGOS MARTINS, Brazil (Reuters) -Brazil's coffee sector is going through a stinky time amid punitive U.S. tariffs but a specialty coffee that passes through the digestive tract of the exotic Jacu bird is emerging from the muck-flinging without undue distress.U.S. President Donald Trump imposed a 50% tariff on Brazilian goods in early August, amid a spat with Brazil's leftist leader Luiz Inacio Lula da Silva. It was a powerful blow to Brazil's premium coffee brands, which had Americans as their most avid consumers.But as Brazil’s premium coffee exports began to fall sharply,…

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October 1, 2025 Economy by ORANEC

My Honest Take on Costco's Latest Earnings Report

Costco delivered steady revenue and net income growth in fiscal 2025.The company's P/E ratio is well above those of its nearest peers.It's not clear that Costco can or should try to accelerate its expansion.10 stocks we like better than Costco Wholesale ›Costco Wholesale (NASDAQ: COST) just released its earnings for the fourth quarter of fiscal 2025 (ended Aug. 31). For the fiscal year, the company reported impressive net sales growth, particularly given the uncertain economy and concerns about tariffs.Unfortunately for prospective investors, Costco's steady, consistent performance is a known …

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October 1, 2025 Economy by ORANEC

Morning Bid: Congress leaves DC and markets in the dark

By Mike DolanLONDON (Reuters) -What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Finance and MarketsWith Washington closed after Tuesday's congressional impasse, markets are left in a bit of quandary about how to interpret the hiatus and which economic data to focus on if this week's key jobs reports are furloughed along with government workers.The only thing investors have to go on is how markets behaved during previous closures, pretty nonchalantly for the most part and explaining why buoyant Wall Street stocks ended higher within a whisker of new records again on …

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