SHANGHAI/HONG KONG — The U.S. and China have agreed to slash the “reciprocal” tariffs on each other’s goods, according to a joint statement released on Monday, marking a major turning point in the trade war between the world’s two largest economies. Under the agreement, the U.S. will temporarily lower tariffs on Chinese imports by 115 percentage points…
Gold hit a new high on Tuesday and bitcoin broke through the $90,000 threshold as anxiety over the US dollar’s strength sent investors looking for other safe havens. With President Donald Trump’s tariff policies throwing markets into turmoil, traditional and emerging alternatives — most notably gold and bitcoin — have rapidly gained favor. On the…
U.S. stock index futures rebounded on Tuesday following a fall in equities in the previous session, when President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session more than 2% lower after Trump redoubled his attacks against Powell for not cutting interest rates, sparking concern…
Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what…
Stock indexes were mixed in choppy trading on Thursday as investors weighed progress in trade negotiations with Japan against concerns about the monetary policy outlook, while a slump in UnitedHealth’s shares weighed on the Dow. The Dow Jones Industrial Average tumbled 527 points, or 1.3%, to 39,142.23. The S&P 500 rose 0.1%, and the Nasdaq edged…
Good morning. European futures gain on optimism over a US pause to consumer tech tariffs. Euro-area inflation expectations dip slightly. And central London has lost 11,000 workers. Listen to the day’s top stories. European stock futures rose after Donald Trump paused additional import duties on consumer electronics, though he later said the US will place…
NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills. The Republican congresswoman, an avid supporter of the Trump administration’s trade policies, not only bought stocks last week as others dumped them in…
President Trump is back in the Oval Office where he us signing several executive orders. One of the orders will loosen restrictions on water pressure in American households, enabling homeowners to install high-pressure showers. “No longer will showerheads be weak and worthless,” said a draft of Trump’s order, adding that it intended to “make America’s…
Early Tuesday morning, stocks looked poised to stage a “Turnaround Tuesday” rally as tariff negotiation hopes ran high. By the end of trading on Wall Street, those hopes had been dashed. “At the slightest whiff of good news, people come roaring back in because that FOMO [fear of missing out] never goes away,” Interactive Brokers…
US stocks soared Tuesday after the biggest three-day rout in five years, fueled by the most oversold conditions since the depths of the pandemic and optimism the Trump administration will water down its harsh tariff regime. The S&P 500 Index jumped 3.34% as of 9:31 a.m. in New York, heading for its best day since…