Stocks inched higher in early trading on Tuesday, as the Trump administration’s chaotic tariff rollout continues to spur volatility in the markets. The S&P 500 rose 0.4 percent in morning trading, and the technology-heavy Nasdaq also posted modest gains. President Trump’s whipsawing tariff policies are still driving sentiment on Wall Street, especially in sectors facing…
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the…
Wall Street billionaires are not used to being on the outside looking in. But that is where they find themselves after President Trump ignored their appeals to call off his tariff plans which they fear could endanger the economy. With the backdrop of rapidly mounting stock market losses, corporate titans have worked every angle —…
A major Western leader announces an unorthodox economic policy, panicking the financial markets, driving down the country’s currency and fueling a blizzard of warnings about the dire long-term consequences. President Trump did all this with his across-the-board tariffs, announced last week, but before him, there was Liz Truss, Britain’s former prime minister, with her rollout…
In the past, the one constituency President Trump has sometimes listened to has been our stock market. Well, it has spoken, falling 10.5 percent in one of the largest two-day stock market swoons in decades. In the 50 years I have been immersed in markets and economic policy, I have never before witnessed a signature…
Our stock market is starting to crack. Investor confidence is rapidly dissipating. And changes in the way Wall Street works mean that the impact on your retirement portfolio could be far more severe than you may realize. With the S&P 500 Index down nearly 8 percent from its February peak, the U.S. equity markets are…
We live in a scammer’s world. We get texts from unknown numbers with an odd tone of familiarity. We have been promised breathtaking profits in ads on social media. We have encountered characters on dating apps who seemed too good to be true. It’s not just us, of course. Most people have heard stories or…
Every few weeks, fireworks light up the night sky in Cambodia, set off by scammers to salute their biggest swindles. By the time the shells pop and crackle, somebody’s life savings are probably gone. Maybe the victim fell for an online romance scam or bought into a fake cryptocurrency exchange. Whatever the scheme, the money…
As the Trump administration imposes deep cuts on foreign aid and renewable energy programs, the World Bank, one of the most important financiers of energy projects in developing countries, is facing doubts over whether its biggest shareholder, the United States, will stay on board. While the Trump administration has voiced neither support nor antipathy for…
When Elon Musk bought X for $44 billion in 2022, more than a quarter of that was financed by loans from banks including Morgan Stanley. Banks normally quickly sell off such loans, but in this case they kept much of that debt because investors were reluctant to bet on the social media company’s floundering business….