President Donald Trump’s tariff policy has undergone several developments since ‘Liberation Day’. The most recent of the changes saw confusion reign about how the US would treat imports of consumer electronics like smartphones. It came after Mr Trump announced a 90-day pause on so-called “reciprocal tariffs”, reducing the higher-rate tariffs to 10 per cent for…
President Trump stoked confusion this past weekend about tariffs on smartphones, but investors are viewing an electronics exemption announced Friday night as an important temporary win for Apple (AAPL) and other China-dependent technology giants. The move is also feeding a growing sense that Trump has a willingness to listen and bend on tariffs — as…
Recent headlines about stock markets in freefall and graphs with downward arrows are not what you would choose as a backdrop to persuading people to move from cash savings into riskier investments. But that was what the chancellor, Rachel Reeves, was faced with after announcing that a review of cash and shares Isas was on…
Consumers and investors who cheered the news last week that smartphones and other electronic items would get an exemption from the tariffs being instituted by the Trump administration may have to temper their enthusiasm a bit. U.S. Commerce Secretary Howard Lutnick said Sunday that the exemption is only temporary. “They’re exempt from the reciprocal tariffs…
“Members of Congress should be banned from trading stocks while they’re in Congress and probably also some time after. It’s wild to allow them to trade while making rules that impact the value of the commodities they’re trading.” —u/chubs66 “It’s wild that such a blatant conflict of interest has been able to go on for…
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF…
WASHINGTON — American technology companies hoping for relief from President Trump’s trade war with China grappled with further uncertainty Monday, left to decipher whether a government policy exempting businesses that are core to the U.S. economy from crippling tariffs could be relied upon. An industry that plans product launches and manufacturing years in advance faced four days…
(Reuters) -JPMorgan Chase & Co (JPM) CEO Jamie Dimon has sold about $31.5 million worth of the bank’s shares, according to a regulatory filing. Dimon had also offloaded some shares last year in his first such sale since taking over the top role in 2005. NYSE – Delayed Quote • USD At close: April 14…
It was another weekend of head-spinning news, but we are no closer to figuring out what the right level should be for stocks. The good news is that while President Donald Trump has a higher pain threshold than most thought, there is a pain threshold, and the tariff exemption on the electronics industry means that…
A few stocks in the S & P 500 are headed toward a worrisome chart pattern as rising trade tensions put pressure on global markets Walt Disney and Bank of America are among the names about to form a “death cross,” a chart pattern that forms when a stock’s 50-day moving average falls below its…