President Donald Trump’s “liberation day” is on Wednesday. The president will unveil “reciprocal tariffs” on many U.S. trading partners, and delayed 25% duties on Mexico and Canada are also scheduled to go into effect.Read more...
Posts published by “Josh Fellman”
The Federal Reserve’s favorite inflation measure picked up in February and may head to a level later in 2025 that will prompt policymakers to keep interest rates on hold, some economists said. That sets up a conflict with President Donald Trump, who’s lobbied for a rate cut.Read more...
U.S. stocks plunged Monday after the ISM manufacturing index came in lower than expected at 50.3, as new orders contracted and the price measure surged. Investors are also cautious ahead of planned tariffs on Mexico and Canada scheduled to come into effect on Tuesday.Read more...
Nvidia (NVDA), Super Micro Computer (SMCI), and Dell (DELL) shares plunged Monday after Singapore said it’s investigating whether servers shipped to Malaysia containing chips barred from China ended up in the mainland.Read more...
Tesla (TSLA) stock’s 4% rally today didn’t prevent Elon Musk’s electric vehicle-maker from logging its worst month ever, as the post-election rally disappears and the automakers’s market value holds below $1 trillion.Read more...
U.S. stocks were little changed after minutes from the January meeting of the Federal Reserve’s interest-rate setting committee indicated that the central bank’s officials aren’t in a hurry to further cut borrowing costs.Read more...