President Trump, an avowed fan of tariffs, is set on Feb. 1 to unleash a wave of new import duties on America’s three closest trading partners — Mexico, Canada and China. Although tariffs are a bane to most economists, they are a widely used as a tool for regulating international trade and for shielding domestic industries…
The Federal Reserve said Wednesday that it will leave its benchmark rate unchanged, hitting the brakes on lowering borrowing costs for individuals and businesses after a flurry of rate cuts starting last fall. The Fed said it will maintain the federal funds rate at its current range of 4.25% to 4.5%. The decision comes after…
Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is expected to hit the pause button on additional rate cuts at its Jan. 29 meeting. The Fed is expected to hold its benchmark rate steady on Wednesday at its current range between 4.25%…
US stocks were drifting on Friday as investors assessed economic data and corporate earnings. At 10:16 a.m. ET, the Dow Jones Industrial Average fell 101.48 points, or 0.24per cent, to 44,459.53, the S&P 500 lost 3.62 points, or 0.06per cent, to 6,115.09 and the Nasdaq Composite lost 17.56 points, or 0.09per cent, to 20,034.29. At…
Shares of Apple have been under pressure ahead of next week’s earnings report. (Photo by Justin … [+] Sullivan/Getty Images) Getty Images Key Takeaways Dow Leads Gains As S&P Hits Record High Close Crypto Regulation And National Stockpile Plans Spark Market Attention Upcoming Earnings And Inflation Data Key For Market Direction Stocks traded higher on…
Larry Fink says higher inflation could drive a steep sell-off in the bond market. BlackRock’s CEO thinks the 10-year Treasury yield could jump to 5.5%, the highest in about 25 years. He said that yields rising to that level could spark a sharp sell-off in the stock market. The BlackRock chief Larry Fink says Treasury…
JPMorgan Chase CEO Jamie Dimon called the US stock market “kind of inflated” — even as he urged critics to “get over” their fears of President Trump’s proposed tariffs. During an interview on Wednesday with CNBC at the World Economic Forum in Davos, Switzerland, Dimon cautioned investors on the risks of increased deficit spending, sticky…
How will a Trump second term impact the economy? How will a Trump second term impact the economy? 02:47 President Trump, who while campaigning vowed to end the “inflation nightmare,” on Monday signaled his focus on the high cost of living in the U.S. by signing an executive order that requires “all executive departments and…
United States President Donald Trump said on Tuesday he was considering imposing a 10 percent tariff on imports from China, which could come into force as soon as February 1. It was Trump’s latest trade threat against China, the world’s second-largest economy after the US, and Washington’s biggest geopolitical rival. During the campaign that ultimately…
Whenever interest rates climb, so do calls to unpeg the Hong Kong dollar from the US currency. With US interest rates elevated and the Hong Kong dollar hitting a 3½-year high against the American dollar earlier this month, the debate has flared up again. Some argue that the dollar peg limits Hong Kong’s monetary flexibility…