Consumer confidence plunges amid tariffs How economic uncertainty amid tariffs is impacting consumer confidence 02:03 Stocks sank sharply in morning trade after new government data showed the U.S. economy shrank in the first three months of the year. The S&P 500 dropped 93 points, or 1.7%, to 5,468; the Dow Jones Industrial Average fell 604…
Two economic trends stand out as Donald Trump hits the symbolically potent 100-day mark of his second presidential term. The first is that basic data measuring the health of the economy has held up reasonably well. The second is that the future outlook for the economy is lousy. The explanation for this mismatch between the…
Mortgage rates are climbing in response to a sell-off off in U.S. Treasury bonds, according to CNBC. Throw in an accelerated mortgage sell-off in China and things could get much worse. Mortgage rates tend to track the 10-year Treasury yield, so it doesn’t bode well for mortgages if investors decide to sell U.S. Treasury bonds….
U.S. stocks whipsawed on Friday, signaling an end to a three-day rally that was driven by investor hopes of a de-escalation in the trade war. The Dow Jones Industrial Average slipped 76 points, or 0.2%, to 40,017 in early afternoon trading, while the S&P 500 inched higher 24 points, or 0.4%, to 5,509. The Nasdaq…
U.S. stock futures shed their early morning gains, falling into the red before the opening bell on Wall Street. Stocks are coming off a three-day relief rally fueled by investor hopes President Trump would ease tariffs on China and keep Jerome Powell in his post as chairman of the Federal Reserve. Shortly before the start…
Wall Street’s “sell America” trade wavered on Thursday as US stocks roared higher in a three-day rally sparked by easing trade tensions, although mixed messages from the Trump administration tempered investor enthusiasm and kept markets on edge over the durability of any potential deals. Earlier this week, investors dumped both US stocks and traditional safe…
China says there are no tariff negotiations with Trump – CBS News Watch CBS News The stock market briefly stalled on Thursday before closing higher for the third day in a row. The slight hiccup came after Beijing denied the Trump administration’s claim that there are ongoing trade talks between China and the U.S. CBS…
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has fired a warning shot about President Donald Trump‘s trade war, which has put the stock market on a wild ride, unnerving investors. The Wall Street titan warned of a loss of U.S. credibility on the national stage, a recession and worse, should the trade war continue. Usually one…
Despite an uncertain start, Wall Street continued its relief rally on Thursday morning, a day after President Trump floated a potential trade deal with China. The Dow Jones Industrial Average dipped in early trading but quickly climbed, increasing 236 points, or 0.6% by 11:45 a.m. EST. The S&P 500 rose 67 points, or 1.2%, while…
The US-China trade war and its pressure on the weakening yuan may impair Hong Kong’s private housing demand and market sentiment, even as the city expects a stable supply in the coming decade, a local think tank has warned. Our Hong Kong Foundation, the city’s largest think tank, on Thursday revealed its 10-year forecast for…