The stock market is heading for a weekly gain, as investors latch on to any signs of easing trade tensions. The head of an American business group in China on Friday said that the Chinese government is considering exempting some products from its 125 percent retaliatory tariffs on U.S. goods. Michael Hart, president of the…
Stocks inched higher in early trading on Tuesday, as the Trump administration’s chaotic tariff rollout continues to spur volatility in the markets. The S&P 500 rose 0.4 percent in morning trading, and the technology-heavy Nasdaq also posted modest gains. President Trump’s whipsawing tariff policies are still driving sentiment on Wall Street, especially in sectors facing…
In a pamphlet published in 1711, Jonathan Swift lamented the “folly” of those who “mistake the echo of a London coffeehouse for the voice of the kingdom.” Those informal salons were, he wrote, frequented by people whose wealth depended on their shares in the Bank of England or the East India Company or “some other…
Even before this year’s economic turmoil hit, financial anxiety among Americans was running high. Really high. Four out of five Americans in a survey for Discover last year said they were worried about their money situation, with inflation, everyday expenses and the state of the economy leading a litany of concerns. Nearly two-thirds said they…
Stocks on Wall Street ended a volatile week with a bounce on Friday, while government bond markets continued to signal investor worry about the impact of new import taxes, as China raised its tariffs on American-made products to 125 percent. The S&P 500 fell as much as 0.9 percent in morning trading before rallying through…
Stock markets shuddered on Friday as the trade war between the United States and China continued to escalate. The Stoxx Europe 600 index slipped 0.7 percent after China raised its tariffs on U.S. imports to 125 percent. The benchmark index in Germany, whose export-driven economy is exposed to global tensions, dropped more than 1 percent….
The stock market resumed its slide on Thursday, as the White House clarified that Chinese imports would face a tariff of 145 percent, prompting renewed investor angst over an escalating trade war between the world’s two largest economies. The S&P 500 fell 3.5 percent, a day after recording its best gain since 2008. The drop…
Following President Trump’s decision to pause punishing tariffs on dozens of countries, markets in Asia reacted predictably: Stocks soared in the countries that were spared. In early trading on Thursday, benchmark indexes rose more than 9 percent in Taiwan, 8 percent in Japan and 5 percent in South Korea. All three Asian economies were among…
Market turmoil extended into Wednesday’s trading session in Asia, as stocks across the region faced renewed downward pressure amid the impending imposition of significantly higher taxes on imports to the United States. Benchmark indexes in Japan and Hong Kong opened down more than 3 percent on Wednesday morning, following a day on Wall Street when…
Wall Street billionaires are not used to being on the outside looking in. But that is where they find themselves after President Trump ignored their appeals to call off his tariff plans which they fear could endanger the economy. With the backdrop of rapidly mounting stock market losses, corporate titans have worked every angle —…