Hurricane Erin, a large category 2 storm with winds reaching 105mph, is slowly moving away from the North Carolina coast Thursday morning after hitting the state’s Outer Banks with intense winds, large waves, storm surge and flooding. While Erin is not expected to make landfall, weather officials warn that the storm’s effects are not over…
All eyes are on US Fed chief Jerome Powell, who will speak Friday at a central bankers conference in the US state of Wyoming (Mandel NGAN) Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United…
Stocks pared gains in the early morning session after Bloomberg reported Federal Reserve Governor Christopher Waller is “emerging as a top candidate” to serve as the central bank’s next chair. Bloomberg reports: Federal Reserve Governor Christopher Waller is emerging as a top candidate to serve as the central bank’s chair among President Donald Trump’s advisers…
President Trump’s total base tariff on China is actually 145%, an amount higher than the 125% previously reported and Trump himself had seemed to imply. The new topline number was made clear when the text of Trump’s executive order “modifying reciprocal tariff rates” was released Thursday morning to the media. The confusion stemmed from separate…
The markets are reeling once again—less than 24 hours after the S&P 500 had its best single day rally since 2008, as investors cheered President Trump’s 90-day tariff delay. The White House confirmed on Thursday morning that the total amount of tariffs on China will now be 145% when accounting for the previous 20% duties…
Photo: Michael M. Santiago (Getty Images) Stocks fell Thursday morning after President Donald Trump imposed 25% tariffs on imported autos Wednesday evening and European equities declined. The S&P 500 declined 0.6%, the Nasdaq Composite slid 0.8% and the Dow Jones Industrial Average lost 257 points, or 0.6%. General Motors (GM) stock plunged more than 8%,…
The markets sank back towards session lows on Thursday after President Trump announced tariffs on goods and services from Mexico which fall under the US-Mexico-Canada trade agreement (USMCA) would be delayed until April 2. However the President did not say the same about Canada. “After speaking with President Claudia Sheinbaum of Mexico, I have agreed…
Markets are showing signs of life after Wednesday’s Fed-fueled drubbing. Dow Jones (DIA) futures climbed 0.8% Thursday morning, with the S&P 500 (SPY) and Nasdaq (NASDAQ:QQQ) not far behind, both up 0.9%. Tesla (NASDAQ:TSLA) and Nvidia (NASDAQ:NVDA), investor darlings battered during the sell-off, are leading the recovery, each up over 2% in the morning trading….
US stock futures (ES=F, NQ=F, YM=F) fall Thursday morning following the release of November’s November’s Producer Price Index (PPI) — which saw inflation rise more than expected for the month — and a rise of weekly jobless claims by 242,000. Adobe (ADBE) shares slide further despite topping its fiscal fourth quarter earnings estimates while falling…
Crypto stocks enjoyed a short-lived rally before reversing direction Thursday on the heels of a push from bitcoin (BTC-USD) to a record high above $100,000. That record was fueled by news from President-elect Donald Trump that he would nominate crypto-friendly Paul Atkins to lead the US Securities and Exchange Commission (SEC). Bitcoin traded as high…