Doug Lebda, the founder and CEO of LendingTree, died Sunday in an ATV accident, the online loan marketplace company announced. “Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,” LendingTree’s board of directors said in a statement on Monday. Lebda founded LendingTree…
U.S. Treasury Secretary Scott Bessent on President Donald Trump’s role in the Israel war and China’s rising aggression amid trade tension. In its sharpest response yet to recent U.S. trade actions, China said on Monday it “firmly rejects” Washington’s new restrictions and urged the Trump administration to honor commitments made between the two leaders in…
The new JPMorgan Chase & Co. offices in New York. (Bloomberg) — A run for the exits by investors in levered exchange-traded funds on Friday exacerbated the largest single-day stock market selloff since April, according to strategists at JPMorgan Chase & Co. The S&P 500 Index fell 2.7% in the rout, while the Nasdaq 100…
It’s Monday October 13, and this is the stock-and-markets report for the day. Investors were pushing stocks sharply higher Monday after President Trump softened some of his rhetoric about China and tariffs. At the same time, traders were reacting to the prospects of some sort of peace coming to … Source link
Economist Jeremy Siegel said President Donald Trump’s tariffs on China are temporary and that, if they are lifted, stocks could hit “new highs.” The market sell-off on Friday was triggered by Trump posting on Truth Social that China was “becoming very hostile” in trade talks. He said he would impose a 100% levy, “over and…
CNBC’s Jim Cramer said Monday that Wall Street is a land divided — with three distinct markets existing under the surface that are all behaving differently. “We’ve got a speculative market, and then we’ve got a market that is keying on tech, and then we’ve got a regular market that isn’t doing anything,” Cramer said…
Wondering why you haven’t gotten any mail today? Arrive at the bank only to find it closed? Need to get a driver license today? That’s because Monday, Oct. 13 is Columbus Day and Indigenous People’s Day, a federal and state holiday. Columbus Day recognizes Italian explorer Christopher Columbus making landfall in the Americas in 1492….
Topline U.S. stock futures rose early on Monday as President Donald Trump and Vice President JD Vance signaled they are open to a deal with China to de-escalate trade tensions, after the president threatened to impose an additional 100% tariff on Chinese goods on Friday in response to Beijing’s expansion of export controls on critical…
Columbus Day, which is celebrated in some places as Indigenous Peoples Day, is a federal holiday. TAMPA, Fla. — Columbus Day, which is celebrated as Indigenous Peoples Day in some places, is an annual federal holiday celebrated on the second Monday of October. While most retail stores will stay open, federal and state offices will…
The dollar rose on Monday as currency traders shrugged off the latest threat of steep tariifs on China from US President Donald Trump and instead focused on the path for a possible trade deal between the world’s two largest economies. The Bloomberg Dollar Spot Index gained some 0.2% as of 10:15 a.m. in New York….