BEDMINSTER, New Jersey, June 7 – President Donald Trump publicly stated that his relationship with tech magnate Elon Musk has come to an end, cautioning there could be “serious consequences” if Musk supports Democratic candidates running against Republican lawmakers who favor Trump’s ambitious tax and spending bill. Speaking during a phone interview with NBC News … Read more
NEW YORK, May 30 – As U.S. stocks inch closer to their record highs, the upcoming week presents a crucial crossroads for Wall Street, with key labor data, evolving fiscal legislation, and persistent trade policy shifts all poised to steer the market’s next move. The S&P 500 (.SPX) continued its upward movement, ending Thursday roughly … Read more
May 23 – U.S. stock index futures showed little movement early Friday as cautious sentiment gripped investors following the U.S. House of Representatives passed President Donald Trump’s wide-ranging proposal on taxes and government spending. The market’s restrained reaction reflected growing apprehension about the nation’s ballooning debt and the bill’s potential long-term implications. The legislative proposal, … Read more
May 16 – The U.S. dollar edged lower on Friday, mirroring the decline in U.S. Treasury yields, following a series of weaker-than-expected economic indicators that reinforced expectations for multiple interest rate cuts by the Federal Reserve later this year. Despite Friday’s downturn, the dollar remained on course for a fourth straight week of gains against … Read more
MAY 9 – Wall Street’s major indexes advanced for the third consecutive session on Friday, buoyed by investor optimism surrounding an upcoming high-level meeting between the United States and China. This sustained rally highlights the market’s renewed confidence in potential progress on trade negotiations between the world’s two largest economies. The stock market initially wavered … Read more
Omaha, May 3 – After more than 60 years of transformative leadership, Warren Buffett has announced his decision to step down as Chief Executive of Berkshire Hathaway (BRKa.N) at the end of this year. The company will enter a new era with Vice Chairman Greg Abel assuming the role of CEO, a move Buffett confirmed during … Read more
LONDON, May 2 – On Friday, global equities surged while U.S. Treasuries lost appeal, driven by renewed hopes for improved U.S-China trade relations and stronger-than-expected job figures that eased concerns about the economic impact of American tariffs.MSCI’s world share index climbed 0.6%, returning to levels last seen before a steep decline triggered by U.S. President … Read more
April 25 – European equities posted modest gains on Friday, buoyed by emerging signs of reduced tensions between the United States and China over their long-standing trade dispute. Optimism around potential tariff rollbacks and strong corporate earnings across the region helped push markets higher, keeping investors cautiously hopeful. Trade War Truce Hopes Fuel Gains Investor … Read more
SYDNEY/LONDON, April 23 – Worldwide financial markets breathed a sigh of relief on Wednesday as President Donald Trump dialed back his earlier critical remarks about Federal Reserve Chairman Jerome Powell. The clarification brought a wave of calm to investors who had been shaken by the previous day’s rhetoric. Trump Retreats from Fed Dismissal Talk In … Read more
SINGAPORE/LONDON, April 11 – Global financial markets closed the week in disarray as a storm of escalating trade hostilities between the United States and China rattled investor confidence, sending stocks on a volatile rollercoaster and causing the dollar to nosedive. Friday saw a frenzied end to a turbulent week as investors scrambled to reposition themselves … Read more