Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what…
Good morning. European futures gain on optimism over a US pause to consumer tech tariffs. Euro-area inflation expectations dip slightly. And central London has lost 11,000 workers. Listen to the day’s top stories. European stock futures rose after Donald Trump paused additional import duties on consumer electronics, though he later said the US will place…
US stocks soared Tuesday after the biggest three-day rout in five years, fueled by the most oversold conditions since the depths of the pandemic and optimism the Trump administration will water down its harsh tariff regime. The S&P 500 Index jumped 3.34% as of 9:31 a.m. in New York, heading for its best day since…
China has an opportunity to act as an elder statesman, thanks to the spectacular own goals of Donald Trump’s tariffs. Usually cast as a disruptor of the postwar economic order, and sometimes relishing the reputation, Beijing has much to gain in the public-relations arena. The challenger can now present as the defender of the system….
China’s manufacturing activity improved at the fastest pace in four months, according to a private survey, a surprising show of resilience that will be tested as Donald Trump prepares to raise tariffs further on exports into the US. The Caixin manufacturing purchasing managers index rose to 51.2 in March from 50.8 in February, according to…
Coming into the new presidency the playbook for traders was obvious. Bet it all on a core of America First-linked champions, from Tesla Inc. and crypto to smaller companies. Turns out, amid spiraling policy shifts and worsening economic data, whittling yourself down to just a few bold calls has been one of the worst things…
China has postponed the conclusion of its anti-dumping investigation of Cognac and Armagnac, providing a reprieve to European spirits makers just as they face tariff threats from US President Donald Trump. French Foreign Minister Jean-Noel Barrot, speaking during a trip to China, said the announcement was a first step to resolving a dispute that has…
The US canceled two aid projects in Cambodia in late February — one to encourage child literacy and another to improve nutrition and development for kids under five. A week later, China’s aid agency announced funding for programs to achieve almost identical goals. “Children are the future of the country and the nation,” China’s ambassador…
For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve Chair Jerome Powell to raise the alarm, he took a hard pass. Speaking to reporters following a two-day meeting of policymakers, Powell downplayed mounting growth concerns and the price hits that could be on the way from President…
Ukrainian President Volodymyr Zelenskiy agreed to halt strikes on Russian energy assets, according to a person familiar with the situation, an initial step in US President Donald Trump’s effort to end the three-year war. Zelenskiy communicated that message to Trump in a call Wednesday, according to the person, who asked not to be identified as…