Pershing Square CEO Bill Ackman tells Yahoo Finance he remains a supporter of President Trump and would like to see him "succeed." But he does think it would be worthwhile for the administration to take a beat on the trade war.
Treasury Secretary Scott Bessent says the bond market is signaling a need for interest rate cuts. Hes watching the two-year Treasury rate, he told Fox Business. The Trump administration has repeatedly called on the Fed to slash rates.
Apple (AAPL) announced its second quarter earnings after the bell on Thursday beating on the top and bottom lines on better than anticipated iPhone sales, and saying it expects a $900 million headwind as a result of tariffs in its third quarter.
President Trumps tariffs have sparked fears that US economic growth could slow materially in 2025. At this point, this sentiment has largely shown up in weak survey data, but one other indicator is already flashing warning signs.
Gold was steady after dropping Tuesday as President Donald Trump eased the impact of some auto tariffs and pointed to progress in trade negotiations with several countries.
Oil steadied after a drop, with signs of strain in the US economy amid the brewing trade war and talks with Iran on its nuclear program in focus.
On one hand, the soft, sentiment-oriented data has been disappointing. The University of Michigan and the Conference Board’s surveys of consumer confidence have turned sharply lower in recent months. The NFIB’s Small Business Optimism index has tanked. Se
Markets rallied midweek after President Trump said he had "no intention" of firing Fed Chair Jerome Powell, easing investor concerns about the central banks independence following earlier threats to oust Powell over the Fed’s interest rate policy. Trump
A Sino-U.S. trade war that threatens Intels revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmakers older generation of personal computer and server chips, company executives said on Thursday.
Consumer confidence levels may be dropping, but consumer spending doesnt reflect it. Thats according to Mastercard CEO Michael Miebach, speaking at Semafors World Economy Summit. "The consumer today is an empowered consumer that will still stick to w
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.
