Latest news with #Trivium
Yahoo
15-05-2025
- Business
- Yahoo
Bond vigilantes star down Trump's ‘big beautiful bill'
US government borrowing costs rose to levels above the selloff that followed President Donald Trump's 'Liberation Day' tariffs last month, driven by traders worried by Republicans' 'big beautiful bill' that promises tax cuts far deeper than spending curbs. Yields on 10-year Treasury bonds topped 4.5% on Wednesday — higher even than the borrowing costs that partly drove Trump to suspend his tariffs — on fears that higher inflation will delay interest-rate cuts and that growing deficits will force a new round of borrowing, ballooning the already worrisome national debt. Bond investors are mutinous again. US government bonds sold off sharply in response to Trump's tax and spending bill, raising fears that the US is in for its own 'Liz Truss moment.' The UK prime minister was bounced from office in 2022 after proposing a budget that cut taxes far more than it cut spending — sowing fears that the government would have to borrow heavily to close the gap. Investors dumped their bonds and (aided by poor risk management in an arcane corner of the pension system) set off a gilt crisis. Republicans' 'Big, Beautiful Bill' likewise cuts taxes more deeply than spending, and nonpartisan congressional accountants expect it to add $3.3 trillion to the national debt by 2034. Bondholders don't want to be bagholders, and there were already worries about declining demand for Treasury bonds. One market veteran told Bloomberg that 'it may be necessary to have a repeat' of the UK crisis 'to force everyone to do the right thing' and get serious about fiscal discipline. As Semafor's politics team has reported, the bill faces opposition from enough Republicans to sink it. 'I'd be really seriously concerned on what the actual Plan B is, because I haven't heard about it,' said Rep. Cory Mills, R-Fla. The long-term fallout of a Truss-like episode shouldn't be underestimated, though: UK government bonds have underperformed rich-country peers since 2022, Goldman Sachs said in a note to clients yesterday. 'The experience of Gilts after the mini-crisis offers important lessons… as the US economy now exhibits a worse trade-off with low growth and high inflation,' the bank's economists wrote. The US isn't the only major economy where borrowing is in the spotlight: China's net new issuance of government bonds is expanding at its fastest rate in a year, according to central bank data. The China-focused research firm Trivium noted that much of that growth was down to the government refinancing loans issued by local-government financing vehicles, which sit at the epicenter of what many analysts fear is a mountain of opaque borrowing. (The flip side is all this refinancing also 'obscures whether firms' demand for credit is rising or falling,' Trivium analysts added.) Bloomberg's John Authers buys the theory that 'Trump has given up on a certain kind of 2.0 radicalism, and will now follow his 1.0 model,' meaning tax cuts and appeasing the stock market. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Perth Now
14-05-2025
- Entertainment
- Perth Now
Trivium slam Bullet For My Valentine as Matt Tuck pulls plug on co-headline tour early
Trivium's bassist Paolo Gregoletto has accused Bullet For My Valentine frontman Matt Tuck of having "no respect for us or our crew" after he pulled out of their joint tour early. The two bands have played across Europe and North America in celebration of the 20th anniversaries of their 2005 albums 'The Poison' and 'Ascendancy'. They were due to head to Australia and South America after they wrap the North American leg, but according to Trivium, Matt no longer wants to do it. During a TikTok Live, Paolo said: 'Matt Tuck didn't want to do it, after we had planned it, after stuff was already in the works – don't know why. I think it would have been amazing. I think The Poison is a great album. I think the two records pair very well together. And I think it would have been nice to give everyone around the world a chance to see the two together.' In another TikTok, he captioned the clip: 'When you make your first TikTok live and p*** off the other band you are on tour with… #JusticeForSouthAmerica'. One person commented suggested they should have dealt with the situation in private, Gregoletto replied: 'He's the sole decision maker of the band and he has no respect for us or our crew.' Trivium frontman Matt Heafy told Metal Hammer of the joint tour: "For [BFMV frontman Matt Tuck] and I, these records in 2005 changed our lives. But we were only really able to see the impact 10, 15, 20 years later. "A lot of the coolest metal bands that I love these days, I'll talk to them and they'll, say, 'Trivium was my first live band I ever saw'. OR they'll say 'Ascendancy' or 'The Poison' was their first record. That's so cool." Heafy added: "It almost feels like a once in a lifetime experience. A five-year or 10-year anniversary, that's cool. "But we knew we wanted to really hold on to this. 'We've never done anything like it, so let's wait for 20 years.' It's something special for sure."
Yahoo
05-05-2025
- Entertainment
- Yahoo
Trivium Frontman Accidentally Asks Fans to Hold Up Sex Toys at Concert: Watch
The post Trivium Frontman Accidentally Asks Fans to Hold Up Sex Toys at Concert: Watch appeared first on Consequence. Trivium frontman Matt Heafy had an amusing slip of the tongue at one of his band's recent concerts, essentially asking the audience to hold up sex toys during the show. The verbal slip came during Trivium's Boston show at the MGM Music Hall at Fenway on Friday night (May 2nd), when Heafy told the crowd, 'Literally light us up with your cellphone lights, your flashlights, your lighters, your fleshlights … fleshlights? [laughter], I meant flashlights!' With the crowd laughing, as well, Heafy added, 'I hope someone recorded that.' Get Trivium Tickets Here Someone indeed recorded it, and Heafy posted the video on his X/Twitter account the next day (watch below), writing (with tongue firmly planted in cheek), 'I'd like to formally apologize for what I said last night on stage. I can and will do better.' For those not in the know, a fleshlight is … ah, just look it up. Trivium are currently in the midst of a co-headlining North American tour with Bullet for My Valentine. The outing runs through a May 18th show in Raleigh, North Carolina, with tickets to the upcoming dates available here. See Matt Heafy's X/Twitter post featuring video of the hilarious incident along with his commentary below. Popular Posts Beyoncé Hit with Cease and Desist Letter Over Video of Her Picking Up Sphere Bruno Mars Adds New Dates to His Eternal Las Vegas Residency at Park MGM Jack Black's Minecraft Song "Steve's Lava Chicken" Sets Billboard Record for Shortest Hot 100 Hit Ghost Become First Hard Rock Act to Go No. 1 on Billboard in Four Years DEVO Set to Kick Off 2025 North American Tour Lady Gaga Plays Biggest Show of Career for 2 Million People at Copacabana Beach Subscribe to Consequence's email digest and get the latest breaking news in music, film, and television, tour updates, access to exclusive giveaways, and more straight to your inbox.
Japan Times
04-04-2025
- Business
- Japan Times
Trump's global trade war may defeat U.S. strategic goals on China
In its first months, U.S. President Donald Trump's administration has moved to deter China from threatening its neighbors, signalling that the U.S. will ramp up its military presence in the Indo-Pacific and offer more support to Taiwan. But with his global tariffs announcement on Wednesday, Trump may have undercut his own administration's strategy. While China is one target of the economic measures, others facing levies include allies Japan and South Korea and newer partners, including Vietnam and India. The result, warn analysts, could be an economic moat around the U.S. that ultimately undermines Washington's strategic goals on China. "The fact that Trump is potentially alienating so many U.S. trade partners at the same time certainly, in my opinion, weakens the overall impact (of his China policy)," said Joe Mazur, geopolitics analyst at policy consultancy Trivium. "It might also allow China to find common cause with other countries facing down Trump's tariffs, and if not coordinate a response, then at least it will incentivize other countries to mend fences with China." The White House National Security Council did not immediately respond to a request for comment. Trump lambasted doubters while announcing his tariff blitz. "Never forget, every prediction our opponents made about trade for the last 30 years has been proven totally wrong," he said on Wednesday. Trump said he would impose a 10% baseline tariff on all U.S. imports and higher duties on dozens of the country's biggest trading partners, reversing decades of trade liberalization that have shaped the global order. China will get hit with 34% tariffs, according to the White House, European Union allies will face 20% duties, and Taiwan, the democratic island at the center of U.S.-China geopolitical frictions, will be hit by 32% tariffs, on top of other tariffs announced by the Trump administration since January. Containers at a port in Taiwan on Thursday. The democratic island at the center of U.S.-China geopolitical frictions faces 32% tariffs from the U.S. | REUTERS Scott Kennedy, a China expert at Washington's Center for Strategic and International Studies, said the administration's trade policy could hurt the U.S. economy and fray ties with like-minded countries. "I'm really concerned that we are going to, for the sake of generating jobs in manufacturing, sacrifice our massive advantages in other areas of our economy which are the primary source of our employment, prosperity and international economic and military power," Kennedy said. "We may end up quite isolated." Reestablishing deterrence Trump's administration has been vocal about building up U.S. military capacity to counter China. Defense Secretary Pete Hegseth told a briefing last week in the Philippines on his first trip to the Indo-Pacific that the United States would "shift to this region of the world in a way that is unprecedented," adding that it was committed to reestablishing deterrence "in the face of Communist China's aggression in the region." Trump's team has also moved to bolster security support for Taiwan, granting the island an early reprieve from the administration's freeze on foreign military financing. Still, other steps by the administration could erode U.S. influence to Beijing's benefit. Trump has slashed foreign aid and sought to eliminate U.S. news services, such as Radio Free Asia, which were intended to counter propaganda from American adversaries, particularly China. His push to acquire Greenland and retake the Panama Canal — though positioned as a way of countering China — has riled allies and raised questions about the U.S. commitment to a rules-based international order. Global tariffs could backfire, said Lizzi Lee, a fellow at the Asia Society Policy Institute's Center for China Analysis. "Add in the Trump administration's moves to dial back soft power — like cutting foreign aid and scrapping Radio Free Asia — and it's hard not to see this as a risky play that might play into China's hands more than intended," she said. But for China's leaders, Trump's tactics also create risks. The tariffs — and any broader economic fallout — will be painful for China, already struggling with a slowing economy. "I don't think (the Chinese) are feeling triumphalist ... tariffs that destabilize the American economy could prove just as bad for China as tariffs on Chinese goods," said Christopher Beddor, deputy China research director at Gavekal Dragonomics. "The biggest risk now is that Trump's wider trade agenda might create a shock to global economic growth, which would be much harder to manage." Xi playing long game Despite tough rhetoric from Beijing and prompt retaliation after two rounds of additional tariffs since Trump took office, many analysts agree that Chinese measures so far have been relatively restrained, intending to leave space for dialogue. "We haven't cut off communication channels, I think our actions are reciprocal but we are not deliberately being provocative," said Sun Chenghao, fellow at Tsinghua University's Center for International Security and Strategy. "Trump seems preoccupied with many things outside China. We don't need to put ourselves in his focus of attention. I believe this is not what China wants." Craig Singleton, senior fellow at the Foundation for Defense of Democracies, expects Beijing to avoid a sweeping tariff response but still apply pressure to politically sensitive U.S. exports such as agriculture and industrial machinery and ramp up regulatory actions against U.S. firms. He said China was also likely to signal to Europe and other traditional U.S. partners that it is still open for business. "Xi is playing the long game," Singleton said of Chinese President Xi Jinping. "Avoid concessions, absorb the hit, and bet Trump blinks first."
Yahoo
24-03-2025
- General
- Yahoo
Trivium Packaging Conklin hosts highway cleanup
CONKLIN, N.Y. (WIVT/WBGH) – The Trivium Packaging Conklin Team participated in an engaging community event on Saturday to clean up the local environment and promote teamwork. A group of 15 Trivium team members volunteered their time and engaged in an Adopt-A-Highway cleanup along Route 11. The all-day event began with a breakfast at a local diner before participants headed to the designated highway section which stretches from the Broome Corporate Drive Sign to the Conklin Players Club. As part of Trivium's ongoing commitment to sustainability, the team organizes this cleanup two to three times a year. According to Trivium, this initiative exemplifies its core values of environmental stewardship and sustainable excellence. In addition to making an impact on the surrounding environment, the cleanup allowed the team to bond and strengthen connections outside of the work environment. Trivium Packaging is a global leader in metal packaging, serving industries such as food, beverage, aerosol, health/beauty, paint, and industrial markets. The Conklin plant, which employs over 75 people, plays a vital role in supporting the food packaging sector by producing metal can ends for some of the world's largest food producers. Comptroller: New York women would have to work 53 extra days to make as much as men Trivium Packaging Conklin hosts highway cleanup Fired Northville girls basketball coach charged in hair-pulling incident Oxford woman arrested on animal abuse charges Endicott man to be sentenced to prison for possession charges Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
