U.S. stock futures pointed higher on Sunday evening as Wall Street looks ahead to a big week for the U.S.-China trade war, corporate earnings, and economic data. President Donald Trump again set the tone for the market after he further softened his rhetoric on China in an interview with Fox News’ Sunday Morning Futures. “I’m not…
President Donald Trump attempted to lower the temperature in the U.S.-China trade war as both sides wrangle over tariffs and export controls. In an interview with Fox News’ Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. “I’m not looking to destroy China,” Trump said. Earlier…
A top Wall Street analyst who has been predicting a “rolling recovery” after a mysterious, secretive “rolling recession” over the past three years has issued a bearish call on the back of renewed trade tensions between President Trump and China. Mike Wilson, chief U.S. equity strategist for Morgan Stanley, warned on Monday that a “larger…
Investors are eyeing a stock market rebound after Friday’s trade war flare-up sent the S&P 500 to its worst loss since April. On Sunday, President Donald Trump sought to calm nerves in a post on Truth Social, following his announcement on Friday that he will impose an additional 100% tariff on China and limit U.S. exports of…
Beijing’s new export controls on rare earths go well beyond restricting access to a critical technology input, according to a former White House advisor. On Thursday, China’s commerce ministry said that starting on Dec. 1 a license will be required for foreign companies to export products with more than 0.1% of rare earths from China…
President Donald Trump’s additional 100% tariff on China erased $2 trillion from the stock market on Friday and possibly couldn’t have come at a worse time. A potentially renewed trade war risks a resurgence of uncertainty in the market, Apollo Global Management chief economist Torsten Slok said Saturday on Fox Business, all while fears of…
Financial markets suffered a rerun of their swoon in April, when “Liberation Day” tariffs shocked global investors, signaling that his latest China duties may end up hurting the U.S. more than their intended target. On Friday, President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software,…
Good morning. OK, give your ChatGPT prompt window a rest for two seconds, because it’s pop quiz time. The question: What share of U.S. executives and managers—that is, not rank-and-file employees—use unapproved AI tools at work? Make your best guess, then find the answer below in “Endstop triggered.” Today’s tech news follows. Have a wonderful…
U.S. stocks are edging higher, a day after breaking their seven-day winning streak, while the price of gold is pushing further past $4,000 per ounce. The S&P 500 rose 0.2% in early trading Wednesday and is near its all-time high set on Monday. The Dow Jones Industrial Average rose 51 points, and the Nasdaq composite…
The Supreme Court will likely agree with lower courts that ruled President Donald Trump can’t use the International Emergency Economic Powers Act to impose broad tariffs, according experts surveyed by JPMorgan. The bank hosted a conference in London last month, and in a note on Monday it summarized highlights from a session on Trump’s trade…