The dollar (DX=F) took a breather on Thursday, following a sharp bounce after President Donald Trump backed away from threats to fire Federal Reserve chair Jerome Powell and his administration opened the door to a softer stance on China tariffs.
Treasury Secretary Scott Bessent denied that the Trump administration is considering unilaterally slashing steep tariffs on Chinese imports, telling reporters Wednesday that high duties imposed by both sides need to come down mutually before talks can beg
Oil prices rose almost 1% in early trade on Wednesday, extending the prior days gains as investors weighed a fresh round of sanctions on Iran, a drop in U.S. crude stocks and a softer tone from Donald Trump on the Federal Reserve.
Wall Street eyed signs of progress on key trade fronts Tuesday, as President Trump suggested tariffs on China wouldnt remain at eye-popping levels for the long term and Treasury Secretary Scott Bessent hinted at deescalation with Beijing.
Bitcoin (BTC-USD) surged as much as $88,000 on Monday while stocks tanked, prompting one Wall Street strategist to note that the worlds largest cryptocurrency has outperformed the Nasdaq Composite (^IXIC) against the backdrop of a trade war.
With more than 100 S&P 500 (^GSPC) companies set to report first quarter financial results this week, investors will be closely listening to how individual outlooks are shaping up amid shifting policies from the Trump administration.
Three weeks after US President Donald Trump effectively declared a trade war with the whole world, new economic forecasts and surveys will point to the initial fallout.
The dollar tumbled on Monday as investor confidence in the U.S. economy took another hit over President Donald Trumps plans to shake up the Federal Reserve, which would throw into question the independence of the central bank.
Blackstone (BX) CEO Steve Schwarzman said Thursday that "a fast resolution" to President Trumps tariff talks with other countries is critical to keep the economy on a "growth path."
So long, mortgage rate stability. After six weeks of hovering between 6.6% and 6.7%, mortgage rates rose sharply this week, according to Freddie Mac’s latest survey, reflecting recent bond market volatility.
Federal Reserve Chairman Jerome Powell said Wednesday the central bank will "wait for greater clarity" before considering any interest rate adjustments as he expects President Trump’s tariffs to generate "higher inflation and slower growth."
South Koreas central bank left its policy interest rate unchanged as expected on Thursday, a decision designed to aid a wobbly won as Washingtons attempts to reorder global trade by imposing sweeping tariffs threaten to damage economic growth.
Completing tariff deals with major countries may take longer than the 90-day pause the Trump administration instituted last week.
Russias ruble is the top-performing currency of 2025 relative to the US dollar. Greenback weakness and Russian interest rates have strengthened the ruble. But a stronger currency could weigh on Russias export revenue.
Stocks fell sharply on Thursday as tariff headlines again weighed on markets just a day after the US stock market enjoyed one of its best days on record.
