President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. The regulations that have controlled international commerce for many years are being overturned by President…
(Reuters) – Americans are more bullish on the U.S. economy and the stock market and more hopeful about falling inflation and borrowing costs than they have been in a decade or more, including in the heyday of Donald Trump’s first presidency, a Gallup poll showed on Monday. Some 53% of Americans predicted the U.S. economy…
Canadian, Mexican and Chinese flags. Nurphoto | Nurphoto | Getty Images U.S. President Donald Trump on Saturday imposed long-threatened tariffs on imports from Canada, Mexico and China — and it didn’t take long for the countries to respond. Trump signed an order slapping 25% tariffs on goods from Mexico and Canada, and a 10% duty…
U.S. stock indexes gained ground on Wednesday, buoyed by stronger-than-expected earnings from major tech companies and growing enthusiasm over the profit potential of artificial intelligence (AI). The S&P 500 rose by 0.5 percent in early trading, marking its sixth increase in the past seven sessions. The Dow Jones Industrial Average was up 97 points or…
Think about the apps you use on your phone every day. Studies have shown Americans use an average of 46 mobile apps each month to complete a variety of everyday tasks. Now imagine if you could combine all of those programs into a single, standalone app. A one-stop shop to socialize with friends, order food,…
U.S. Treasury yields were lower on Tuesday, as investors digested President Donald Trump’s return to the White House and a slew of new executive orders. At 4:18 a.m. ET, the 10-year Treasury was lower by more than three basis points to 4.5723%. The 2-year Treasury yield was down by more than two basis points to 4.2508%. One basis point…
A customer browses eggs on partially empty shelves at a grocery store in Lawndale, California, on Jan. 2, 2025. Patrick T. Fallon | AFP | Getty Images Inflation ticked up in December on the back of higher energy and food prices, the Bureau of Labor Statistics reported Wednesday. The bureau’s consumer price index, an inflation…
It was a big disappointment for investors, but also unwelcome news for borrowers and prospective homebuyers waiting for lower interest costs. “Today was a closer call but we decided it was the right call,” Fed chair Jerome Powell said at a news conference after the central bank approved a quarter-point cut in its main lending…
The stock sell-off on Wall Street was “healthy,” as the Federal Reserve’s cautionary projection on future rate cuts gives investors a “reality check,” according to Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School. The U.S. Federal Reserve cut interest rates by a quarter percentage point at its last meeting of the…
China has struck back at U.S. trade restrictions by banning exports of gallium, germanium, and other high-tech materials essential for advanced manufacturing and military technology. The move, announced Tuesday by Beijing‘s Commerce Ministry, could propel the economic rivalry between the two powers and their respective supply chains. China has explicitly decided to target crucial materials…