Trump tariff threat wipes out $2 trillion

 

U.S. stocks tumbled Friday after President Donald Trump posted on Truth Social that he is calculating a "massive" tariff increase on Chinese imports. The post, following Beijing’s tighter controls on rare earth exports, erased roughly $2 trillion in market value: the S&P 500 fell 2.7%, the Nasdaq 3.56%, and the...

U.S. Treasury Buys Pesos, Sets $20B Swap with Argentina

 

The U.S. Treasury has purchased Argentine pesos and established a $20 billion currency swap framework with Argentina's central bank, causing a surge in the peso and Argentine dollar bonds. The move follows four days of meetings with Argentine Finance Minister Luis Caputo and IMF officials. The U.S. Treasury's actions aim...

Fed Minutes: Majority Backs Rate Cuts Amidst Debate

 

Minutes from the Federal Reserve's last meeting reveal a majority favored further interest rate reductions this year, citing increased unemployment risk and diminishing inflation concerns. The committee cut rates by a quarter-point, its first reduction this year. However, divisions persist regarding the appropriate level of rates, with some officials wary...

IMF Chief Warns Global Economy's Resilience May Fade

 

The global economy is showing unexpected resilience despite trade tariffs, but IMF Managing Director Kristalina Georgieva warns this strength may be temporary. "Uncertainty is the new normal," she stated, citing a surge in gold prices as a sign of investor concern. While global growth is forecast at 3%, Georgieva cautioned...

Gold Futures Breach $4,000 Amidst Uncertainty

 

Gold futures have surpassed $4,000 per troy ounce for the first time, driven by investor demand for safe havens amidst U.S. government shutdown and global economic uncertainty. Tariffs imposed by President Trump and potential Federal Reserve interest rate cuts have also boosted gold and silver prices significantly this year. While...

Gold Hits Record High Amidst Uncertainty

 

Gold prices surged to a historic $4,000 per ounce Tuesday, driven by investor demand for safe haven assets amidst global geopolitical and economic uncertainties. Factors contributing to the rise include trade system disruptions, inflation concerns, and reduced attractiveness of debt instruments following Federal Reserve interest rate cuts. Experts...

Investors Seek Safe Havens Amid Fiscal Worries

 

Investors are shifting to Bitcoin, gold, and silver amid rising fiscal worries in major economies. The Japanese yen weakened as a pro-stimulus candidate eyed the prime minister role. The US dollar faces pressure from a government shutdown, while the euro is impacted by political uncertainty in France. This trend signals...

Stock Market Surges Despite Shutdown, Reaching New Highs

 

Despite a government shutdown and delays in economic reports, the U.S. stock market continues to surge, with major indices hitting all-time highs. This broad-based rally extends beyond tech, with smaller stocks and gold also reaching record levels. Investors are betting on a repeat of past shutdowns' minimal economic impact, but...

Government Shutdown Delays Crucial Jobs Report

 

The government shutdown has led to the postponement of the crucial monthly jobs report, frustrating economists who rely on it for market insights. This report, usually released on the first Friday of the month, provides detailed information on employment trends, industry growth, and labor supply. Its absence leaves businesses and...

Labor Market Stable Despite Government Shutdown

 

Despite the government shutdown halting the official jobs report, alternative data suggests the US labor market remained stable in September. While growth is described as anemic, job losses are not widespread, and employers are hesitant to lay off staff. Indicators show a softening market with fewer openings, particularly for...