U.S. markets are poised for new highs as President Donald Trump’s legislative agenda of tax cuts and spending priorities cleared a key hurdle in the Senate, even as he also cast doubt on trade talks. Futures for the Dow Jones Industrial Average rose 180 points, or 0.42%. S&P 500 futures were up 0.18%, and Nasdaq futures also added 0.23%,…
The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few…
Trump’s two-week delay on an Iran bombing decision has generated uncertainty that is holding investors (and businesses) back from making decisions. While the “fear index” dropped, U.S. markets still slid slightly in premarket trading. Investors didn’t exactly breathe a sigh of relief after President Trump postponed a decision on bombing Iran for two weeks. U.S….
The human cost of global conflict is unbearable for the victims, of course, and it comes with an economic cost too, which analysts are trying to estimate right now. President Trump has reportedly approved a plan to bomb Iran but not yet given the green light for action. The main issue for investors is what…
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© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive…
Tesla CEO Elon Musk imports at least 20% of the value of each of his U.S.-built vehicles from Mexico. These parts are now subject to steep import duties following Wednesday’s tariff announcement by the president. Brendan Smialowski—AFP via Getty Images Source link
President-elect Donald Trump’s nomination of Scott Bessent to oversee the US Treasury is taking some heat out of the dollar’s recent rally. The US currency weakened against all Group-of-10 peers with the euro, pound and Aussie leading the gains against the greenback. The Mexican peso, Thai baht and Chinese yuan outperformed among emerging market currencies….
U.S. relations with China have been incredibly complex for many years. Ebbing and flowing among different trade policies, the two economic supergiants are poised to see increased strain amid new tariff plans. The re-elected incoming president Donald Trump campaigned on imposing high tariffs on China and all foreign entities—which economists have argued will have devastating…