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 Treasury Secretary Scott Bessent said at a private event Tuesday that the US-China trade war is unsustainable and that he expects a deescalation, according to people familiar with his remarks. No one thinks the current status quo is sustainable, Bessent said, according to a person who was in the room during the event, as…
A new battle between President Trump and Federal Reserve Chairman Jerome Powell has many similarities to their clash in 2019, but some sort of different ending is all but certain. Both episodes featured a standoff over lowering interest rates amid a climate of tariff uncertainty, both had plenty of charges of political interference in all…
President Trump has continued to voice his dissatisfaction with Federal Reserve Chair Jerome Powell. But should the president go as far as attempting to fire Powell, strategists say it would add to the pressure on US stocks. Michael Goosay, Principal Asset Management’s chief investment officer of global fixed income, told Yahoo Finance that such a…
US stock futures traded flat after a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) dipped 0.1%. CBOT – Delayed Quote • USD As of…
Wall Street is off to a brutal start to the week, with the Nasdaq dropping more than 3% a few hours into trading on Monday morning, as the markets continue to grapple with President Trump’s tariffs and his criticism of Fed Chairman Jerome Powell. The tech-heavy Nasdaq was down 3.29%, the S&P 500 was down…
US stock futures fell early Monday as investors prepared for another week of developments on President Trump’s fast-moving tariff policies and for the kickoff of Big Tech earnings reports. Futures tied to the S&P 500 (ES=F) were down 0.8%, while those on the tech-heavy Nasdaq (NQ=F) fell 0.9%. Dow Jones Industrial Average futures (YM=F) also…
Netflix (NFLX) stock climbed in after-hours trading on Thursday after the company delivered first quarter earnings that beat expectations on both the top and bottom lines and also reiterated full-year revenue guidance. Netflix reported revenue of $10.54 billion in the first quarter, a 13% year-over-year jump and a beat compared to Bloomberg analyst expectations of…
US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump’s tariffs. Futures attached to the Dow Jones Industrial Average (YM=F) rose 0.4%. The benchmark S&P 500 (ES=F) gained 0.5%. Futures for the tech-heavy Nasdaq Composite (NQ=F) ticked up 0.6%. CBOT…
US stocks tumbled on Wednesday as investors were reminded of the costs President Trump’s tariffs will have for major companies and the challenges these policies may present for the broader US economy. The market sell-off intensified in the final hours of trading as Federal Reserve Chair Jerome Powell delivered perhaps his starkest warning yet on…