Trump has unleashed chaos – but stock prices are defying gravity
In most quarters, the writing is already on the wall for the US economy.
Fed’s Powell warns tariffs may upset inflation-growth balance
Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.View on euronews
China stocks face risk of $800 billion US outflows, Goldman says
(Bloomberg) -- US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc. estimates. Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceHow Did This Suburb Figure Out Mass Transit?DOGE Places Entire Staff of Federal Homelessness Agency on LeaveWhy the Best Bike Lanes Always Get BlamedLA County Floats Leaner Budget Burdened
Stocks tank on a double whammy of tariff warnings from the Fed and Nvidia
Fed Chair Jerome Powell warned of a "challenging scenario" sparked by the Trump administration's tariff policies if they're fully enacted.
Why Elon Musk installed his top lieutenants at a federal agency you probably haven't heard of
On the rooftop patio of the General Services Administration headquarters, an agency staffer recently discovered something strange: a rectangular device attached to a wire that snaked across the roof, over the ledge and into the administrator’s window one floor below. It didn’t take long for the employee — an IT specialist — to figure out the device was a transceiver that communicates with Elon Musk’s vast and private Starlink satellite network. The Starlink equipment raises a host of questions about what Musk and his efficiency czars are doing at GSA, an obscure agency that is playing an outsized role in the Trump administration’s quest to slash costs and bring the federal government to heel.
Watch These Nvidia Stock Price Levels as Chip Export Curb Set to Hit Earnings
Nvidia shares tumbled nearly 7% Wednesday after the company said it’s set to take a $5.5 billion charge as a result of U.S. restrictions on exports of its AI chips to China. Monitor these levels.
Stocks, dollar drift as US-Japan trade talks in focus
Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile. Investors were also digesting comments from Federal Reserve Chair Jerome Powell, who warned of the risk of slowing growth and rising prices due to tariffs, while gold prices scaled record highs again on safe-haven flows. Japan's Nikkei rose 0.7% while the yen weakened as Japan kicked off talks with the United States.
Resist the urge to buy the dip in stocks because recession risk is still being ignored, research firm says
Investors are acting complacent and "significantly underpricing" the risk of an imminent recession, the strategist Daniel von Ahlen said.
TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger
SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.
Bhutan turns to 'green' cryptocurrency to fuel economy
The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said. Green cryptocurrencies are digital currencies mined using clean energy resources such as wind, hydro or solar power instead of fossil fuel. Sandwiched between Asian giants India and China, Bhutan has earned millions of dollars in recent years by investing in some of the world's most popular cryptocurrencies and used some of its profit to pay government salaries for two years, two senior officials in Thimphu, the capital said.