(Bloomberg) — Stocks edged up as solid results from big banks offset news pointing to an escalation of the trade war between the world’s two largest economies. Most Read from Bloomberg The S&P 500 rose for a third straight day. Bank of America Corp.’s stock traders posted a record quarter, while Citigroup Inc. inched closer…
(Bloomberg) — TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” — China. Most Read from Bloomberg Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica Inc. to Nike Inc., the…
(Bloomberg) — President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple Inc. and Nvidia Corp. even if it proves a temporary one. Most Read from Bloomberg The exclusions, published late Friday by US Customs and Border Protection, narrow the…
The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs. IPOs and mergers were put on the shelf. Leverage loan deals were shoved to the sidelines. Bond sales were paused. The freeze-up of activity that followed Trump’s “Liberation Day” announcement last week made for some nervous days…
(Bloomberg) — For stock traders in Hong Kong, Monday’s mayhem was one for the history books. Most Read from Bloomberg As the global market meltdown worsened on Monday, the tumult in Hong Kong stood out. The city’s benchmark Hang Seng Index plunged 13%, the most since 1997, with the session concluding with the highest equity…
(Bloomberg) — Chinese shares plunged and sovereign yields neared an all-time low as investors braced themselves for the fall-out of a spiraling trade conflict between the world’s two largest economies. Most Read from Bloomberg A closely-watched gauge of Chinese shares listed in Hong Kong tumbled 13.8%, putting it into a bear market. Hong Kong’s Hang…
(Bloomberg) — China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to US tariffs. Most Read from Bloomberg A gauge of Chinese stocks listed in the US plunged 8.9% on Friday, the most since October 2022, amid global market turmoil after Beijing…
Elon Musk saw around $11 billion shaved off his wealth in the stock market bloodbath that followed President Donald Trump‘s unveiling of tariffs on Thursday, taking his overall losses since the beginning of 2025 to more than $110 billion. That is according to financial data compiled by Bloomberg, which monitors the wealth of the world’s…
(Bloomberg) — Newsmax Inc. shares skyrocketed 735% in their debut session after the conservative media outlet’s initial public offering, with individual investors helping hand the firm the best first-day performance since 2022. Most Read from Bloomberg The stock closed at $83.51 each on Monday, in a first trading day as a public company that saw…
(Bloomberg) — As US stock prices tumbled this month, John Sidawi, a fund manager at Federated Hermes, noticed something strange. Most Read from Bloomberg The dollar, long a go-to hiding place during market selloffs, wasn’t rallying this time as investors rushed for safety. It was sinking, too, and fast as hot money poured into gold,…