Elon Musk has made personal appeals to Donald Trump to reverse his new wave of sweeping tariffs, The Washington Post reported over the weekend. As tensions rose over a planned 50% tariff on Chinese imports, Musk turned to social media to voice his opposition — while also trying to influence the president directly. Two people…
Growth fears are on the rise, causing markets to trade as if a recession is coming. Major US indexes extended deep year-to-date losses on Thursday, with the S&P 500 down 1.8%. Bond yields are falling as investors eye lower interest rates in response to a recession. It wasn’t long ago when economists predicted the odds…
Gold prices have pushed to fresh records and have topped $2,900 for the first time (DAVID GRAY) Asian markets were mixed Tuesday following the previous day’s global rally as traders keep a nervous eye on Donald Trump’s next moves after he signed off on 25 percent tariffs for steel and alumium imports, having warned of…
Trump changed the market narrative on trade policy this week, easing fears that have weighed on investors. The president has shifted investors’ focus to his pro-growth agenda. A flurry of executive actions and announcements helped lift the S&P 500 to fresh records. President Donald Trump flipped the script on one of the market’s biggest worries…
Larry Fink says higher inflation could drive a steep sell-off in the bond market. BlackRock’s CEO thinks the 10-year Treasury yield could jump to 5.5%, the highest in about 25 years. He said that yields rising to that level could spark a sharp sell-off in the stock market. The BlackRock chief Larry Fink says Treasury…