US President Donald Trump has again rattled global investment markets, this time with his threats to interfere with the independence of America’s central bank. The president has ramped up his war with the US Federal Reserve, calling chair Jerome Powell a “major loser” and demanding interest rates be cut immediately, in a re-run of his…
Two of the Magnificent 7 are scheduled to report results this week: Tesla (TSLA) on Tuesday and … More Alphabet (GOOGL) on Thursday. Despite being mired in a bear market, the Magnificent 7 as a group are expected to grow earning at double the pace of the overall market. (Photo by Spencer Platt/Getty Images) Getty…
With US President Donald Trump levying extra 145 per cent tariffs on China this year, and Beijing responding nearly in kind, it would be easy to assume Chinese green technology companies would be facing a reckoning after losing the vital US export market. After all, China is the world’s top producer of electric vehicles, photovoltaic…
NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Trump’s trade war is clouding forecasts for how they and the economy will do this year. The Standard & Poor’s 500 index sank 2.2% after falling…
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…
JPMorgan Chase CEO Jamie Dimon said the U.S. economy faces a critical stretch, while also warning of the ongoing uncertainty caused by President Trump’s tariff policies. “The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation,…
The S&P 500 briefly entered a bear market on Monday, falling 21% from its mid-February peak. The uncertainty surrounding President Donald Trump’s tariffs, which were higher than Wall Street expected, plunged the market into chaos over the past week. An increase in market volatility has strategists at Goldman Sachs dusting off their bear market playbook…
Photo: David Paul Morris/Bloomberg via Getty Images Last week, President Donald Trump announced extensive tariffs (a.k.a. taxes) on imported goods, including a 10 percent general tariff on all imports and tailor-made rates on certain trade partners like China, with a 34 percent tariff and subsequent threat of an additional 50 percent tariff, and a 10…
Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals tumbled as an intensifying trade war between the United States and China triggered worries over demand for raw materials. Gold, which climbed to a record peak last week, also fell amid a wider markets sell-off. Major stock indexes…
The trade war crushed stocks this week. The market endured its worst week since 2020, with the S&P 500 losing nearly 7% over the last five trading days, while the Nasdaq 100 slipped into bear market territory for the first time since 2022. Here’s what the pros are saying about the decline — and what…