Investors entered 2025 wildly optimistic after two back-to-back years of 20% stock market gains, only to watch the S&P 500 plunge to the edge of a bear market in April and then rally back to record highs last week. After an eventful first half of the year, Wall Street is buckling up for more volatility…
The Pound Sterling climbs to near 1.3765 against the US Dollar on hopes that President Trump will announce Fed Powell’s successor soon. Fed’s Powell warned that the tariff-driven inflation could prove to be persistent. UK employers aim to reduce their labor force to offset the impact of the increase in contributions to social security schemes….
Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD)…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest property developer, received more than 21,000 cheques for 329 units at its massive Sierra Sea residential project in the New Territories, indicating that attractive pricing can drive home sales in the city despite economic jitters, according to agents. The first round of sales on Saturday will feature…
President Trump is openly mulling the termination of Fed Chair Jerome Powell, who won’t give Trump the interest rate cuts he wants. If Trump really wants lower rates, however, the best person to fire would be himself, not Powell. If Trump had not enacted a vast set of reckless tariffs during the past two months,…
US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
Donald Trump has hit out at the chair of the US Federal Reserve for not lowering interest rates, stating Jerome Powell’s “termination cannot come fast enough”. In a social media post on Thursday, the US president called on the Federal Reserve to cut interest rates, raising concerns that Mr Trump could seek to oust Mr…
Spencer Platt/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Stocks fell as a pair of warnings from Nvidia and the Federal Reserve hit investor confidence. Nvidia’s forecast of a $5.5 billion earnings hit and export restrictions led to tech-sector declines….
The trade war crushed stocks this week. The market endured its worst week since 2020, with the S&P 500 losing nearly 7% over the last five trading days, while the Nasdaq 100 slipped into bear market territory for the first time since 2022. Here’s what the pros are saying about the decline — and what…
The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…