President Donald Trump’s additional 100% tariff on China erased $2 trillion from the stock market on Friday and possibly couldn’t have come at a worse time. A potentially renewed trade war risks a resurgence of uncertainty in the market, Apollo Global Management chief economist Torsten Slok said Saturday on Fox Business, all while fears of…
(Bloomberg) — Global equities are likely to rally even higher as a jump in economic growth expectations is keeping stock bulls firmly in control, according to Bank of America Corp.’s Michael Hartnett. The bank’s latest survey showed a net 28% of global fund managers are overweight equities, the highest in seven months. Opinions about growth…
The head of a UK-China business lobby group expects Prime Minister Keir Starmer to visit China in early 2026 to build on closer bilateral ties since the Labour government came to power. “We all very much hope that he will be here probably in the first quarter of next year,” Peter Burnett, chief executive of…
Commuters exit a Wall Street subway station near the New York Stock Exchange. (Bloomberg) — Wall Street trading desks expect a hot inflation print when the consumer price index hits Thursday, but they aren’t preparing for a big reaction from stocks with jobs dominating the market narrative. Options traders are betting the S&P 500 Index…
The S&P 500 Index retreated from Thursday’s record as declines in Nvidia Corp. and other tech megacaps offset a rally in Broadcom Inc. that had earlier led tech and chip stocks higher. The S&P 500 fell 0.3% after hitting an intraday record early in the session. The Nasdaq 100 Index rose 0.1%. A gauge of…
US stocks can rise another 20% by the end of 2026, driven by the excitement around artificial intelligence, according to strategists at Evercore ISI. The S&P 500 is forecast to reach 7,750 points by the end of next year, with “a technological revolution lifting stocks, multiples and society to new heights,” Evercore ISI chief equity…
LONDON (AP) — British Prime Minister Keir Starmer on Monday appointed economist and former Columbia University president Minouche Shafik as his chief economic adviser. It’s part of a staff shakeup aimed at strengthening the government’s response to a sluggish economy and a heated political debate over immigration. Starmer’s center-left Labour Party government has struggled to…
New York Attorney General Letitia James hailed a major court ruling striking down much of Donald Trump‘s tariff program, calling it a victory for ordinary Americans. “A court ruled in our favor and declared that the President cannot impose tariffs whenever, wherever, or however he wants,” James wrote on X. She added: “This is a…
You are a finance minister after a decade of meagre economic growth, shocks from a financial crisis, a pandemic and sky-high energy prices. Public debt is worth more than your country’s gross domestic product, interest rates are at their highest in years and merely servicing outstanding debt is taking up an ever-greater share of tax…
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the country’s stock market. Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath…