Tag: stocks
Fed Chair Jerome Powell signals possible rate cut, sending stocks sharply higher
Scott Horsley Federal Reserve Chairman Jerome Powell signaled a possible cut in interest rates in the near future, sending stocks soaring on Friday. Speaking to a gathering of economists and central bankers in Jackson Hole, Wyo., Powell said current economic conditions, including a marked slowdown in job growth, suggest a downward adjustment in the Fed’s…
Here’s a puzzling question: Why are stocks at record highs despite looming tariffs?
By Rafael Nam From businesses to Americans across the country, everybody seems worried that the economy will be hit badly if the massive tariffs threatened by President Trump go into effect this week on Aug. 1. Yet anybody who has looked recently at their 401(k) statements or retirement accounts will have noticed something surprising: Stocks…
US stocks and dollar plunge as Trump attacks Fed chair Powell
US stocks and the dollar plunged again as President Donald Trump intensified his attacks on the US central bank boss calling him “a major loser” for not lowering interest rates. In a social media post, Trump called on Federal Reserve chair Jerome Powell to cut interest rates “pre-emptively” to help boost the economy, saying Powell…
US stocks make historic gains after Trump pauses some tariffs
US shares have rocketed after US President Donald Trump said he would suspend steep tariffs on goods from most countries, and instead impose a 10% import tax rate. The White House said it was backing off on higher levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on…
Worst week for US stocks since Covid crash as China hits back on tariffs
Stock market turmoil deepened on Friday, as China hit back at tariffs announced by Donald Trump, raising the likelihood of an extended trade war and damage to the global economy. All three major stock indexes in the US plunged more than 5%, with the S&P 500 dropping almost 6%, bringing to an end the worst…
Stocks sink in another brutal day, as Trump’s tariffs send global shockwaves
By Maria Aspan Wall Street is not Main Street — but this week, investors and consumers alike seem terrified of how President Trump’s tariffs could upend the global economy. The pain continued for U.S. stocks on Friday, a day after the stock market suffered its worst day in five years. Late on Friday morning, the…
Steepest drop for US stocks since 2020 as China and EU vow to hit back on Trump tariffs
Global stocks have sunk, a day after President Donald Trump announced sweeping new tariffs that are forecast to raise prices and weigh on growth in the US and abroad. The S&P 500, which tracks 500 of the biggest American firms, plunged 4.8% – its worst day since Covid crashed the economy in 2020. Nike, Apple…
European stocks close higher after holiday closures; Delivery Hero sheds 4%
European stocks were higher on Friday, as markets Source: www.cnbc.com
European markets close higher ahead of Christmas shutdown; Novo Nordisk resumes recovery
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