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…
The “Warren Buffett Indicator” is a simple yardstick that compares the total U.S. stock market’s value to the size of the U.S. economy. It’s recently surged above 200%, a level Buffett once warned is like “playing with fire,” signaling stretched valuations versus economic output. It’s soared because market values have risen far faster than GDP,…
The U.S. economy expanded at a much faster pace than initially estimated last quarter, according to new Commerce Department data released Thursday. Gross domestic product grew at a 3.8% annual rate in the April–June period, topping both the government’s previous 3.3% estimate and the initial 3% reading. It was the strongest showing since the fall…
Bloomberg News is now tracking the daily gyrations and cumulative impact of Donald Trump’s second term on stocks, the dollar, 10-year Treasury notes, gold and Bitcoin. Click here to see the tracker . Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The…
Who before this month had ever heard of Erika McEntarfer, the career statistician who toiled quietly and uncontroversially at the heart of the US data-gathering machine, for 20 years at the Census Bureau and more recently as head of the Bureau of Labour Statistics? Who except US President Donald Trump could have sought to create…
“Everywhere we went, people treated energy availability as a given,” Rui Ma wrote on X after returning from a recent tour of China’s AI hubs. For American AI researchers, that’s almost unimaginable. In the U.S., surging AI demand is colliding with a fragile power grid, the kind of extreme bottleneck that Goldman Sachs warns could…
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy. The big event comes Wednesday, when the Federal Reserve announces the outcome of its two-day policy meeting. Economists expect the Federal Open Market Committee to keep interest rates unchanged,…
2025-07-11T15:02:23Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Nvidia became the first $4 trillion company…
Fitch Ratings has maintained Hong Kong’s “AA-” credit rating and “stable” outlook, which the government has said is a reflection of the city’s strong financial position. A government spokesman said on Friday that the unchanged rating and outlook recognised the city’s “large fiscal buffers, robust external finances and a low level of fiscal debt”, as…
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…