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  • May 01, 2025

Wall Street jumps on tech boost, yen slides on BOJ gloom

Wall Street stocks rallied and gold prices slid on Thursday as solid earnings from big tech bolstered investor risk appetite. All three major U.S. stock indexes began the month in positive territory, with upbeat quarterly results from Meta Platforms and Microsoft benefiting the Nasdaq most, sending the tech-laden index up 2.4%. The dollar advanced as the yen took a hit after the Bank of Japan cut its growth forecasts due to uncertainties surrounding U.S. tariff policy.

  • May 01, 2025

Musk Says DOGE Should Examine Federal Reserve Renovation Costs

(Bloomberg) -- Billionaire Elon Musk said he is considering sending his government efficiency team to the Federal Reserve, citing a costly renovation of the central bank’s Washington, DC, headquarters as an example of potential government waste. Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in

  • May 01, 2025

Stocks To Watch in May—And What to Watch For

U.S. stocks fell for a third consecutive month in April as uncertainty about President Trump's tariff policies wreaked havoc on Wall Street. Here are five stocks worth keeping an eye on in May.

  • May 01, 2025

Markets Set for Shock From Disappearing Chinese Goods

(Bloomberg) -- Investors are in for a shock in the next few weeks as the slowing flow of goods from China underscores the risks tariffs bring to the US economy, the latest MLIV Pulse survey showed.Most Read from BloombergNJ Transit Urges Commuters to Work Remotely If Union StrikesNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agenc

  • Apr 30, 2025

Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF's regional outlook report for the MENA region said Brent crude oil prices — which are down from highs above $120 a barrel in 2022 — are likely to be $65 to $69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations. Tariff plans by the U.S. and other countries and geopolitical tensions also have created mounting economic uncertainty globally that is weighing down on the region's economies, which could negatively impact their growth by anywhere from 2% to 4.5%, said Jihad Azour, director for Middle East and Central Asia at the IMF.

  • Apr 30, 2025

Dogecoin Unfazed as Elon Musk Rubbishes Report of His Exit From Tesla

Dogecoin (DOGE) prices were little-changed after reports of carmaker Tesla searching for a new CEO to replace technocrat Elon Musk, which the company later refuted. Musk is a known dogecoin backer whose comments, or developments at his companies, tend to impact the memecoin’s prices. Tesla board members reached out about a month ago to several executive search firms to replace Musk, sparked by his heavy involvement with the Trump administration, per WSJ.

  • Apr 30, 2025

US tariffs would take percentage point off Dutch economic growth, CPB says

AMSTERDAM (Reuters) -The sweeping trade tariffs announced by U.S. President Donald Trump would reduce economic growth in the Netherlands by a percentage point through 2026, Dutch economic policy adviser CPB said on Thursday. Growth would be 0.4 percentage points lower this year than earlier predicted, and 0.6 percentage points less in 2026, the CPB said. Investments would take the largest hit, the CPB said, due to the uncertainty about the global economic outlook.

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