Bloomberg “China Hits Back on Trump Tariffs as Europe Off Hook for Now.” The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way. On Friday, China....
Bloomberg “Stocks Rebound, Dollar Slumps as Trade Angst Ebbs: Markets Wrap.” U.S. equities rallied back from the biggest weekly rout in more than two years, with major benchmarks climbing on signs that an escalation of trade tensions was beginning to ease. Chipmakers and banks were among the biggest gainers on the S&P 500 Index. The....
Bloomberg “Amazon Slides With Another ‘Long Day’ for Tech Traders.” Tech stocks are in for another volatile day as Tuesday’s selloff gave way to a pre-market roller coaster. Facebook Inc. initially led peers higher in early trading after unveiling new privacy settings in response to criticism about its handling of millions of users’ personal data.....
Bloomberg “Stocks Battered as Protectionism Sparks Volatility: Markets Wrap.” Fears of a trade war between the world’s two largest economies returned to haunt markets on Wednesday, mauling U.S. stocks and sending investors into haven assets from Treasuries to gold. The S&P 500 Index tumbled through its average price for the past 200 days, with all....
Bloomberg “U.S. Stocks Slump, Treasuries Rise on Trade, Jobs: Markets Wrap.” U.S. stocks fell and Treasuries rose as investors assessed the latest threat to the global trade order and a disappointing jobs report. The S&P 500 pared its weekly gain after President Donald Trump ordered his team to consider additional tariffs on Chinese imports, prompting....
Bloomberg “Russian Markets Slide After U.S. Ups Ante With the Worst Sanctions Yet.” The most punitive U.S. sanctions yet to descend on Russian companies and oligarchs are battering the nation’s assets as the Kremlin scrambles to contain the damage. In the first trading day since dozens of Russian tycoons and companies were slapped with penalties,....
Bloomberg “U.S. Stocks Advance as Middle East War Talk Cools: Markets Wrap.” U.S. stocks rose and Treasuries retreated as investors speculated that tensions in the Middle East won’t escalate into a destabilizing conflict. Crude slid after climbing more than 7 percent this week and the dollar gained. The major equity benchmarks were all up at....
Bloomberg “Trump Blasts China, Russia for Devaluing Currencies as Fed Hikes.” President Donald Trump accused China and Russia of devaluing their currencies, opening a new front in his argument that foreign governments are taking advantage of the U.S. economy to support their own expansions. Just three days after the U.S. Treasury ruled no country is....
Bloomberg “U.S. Stocks Advance as Middle East War Talk Cools: Markets Wrap.” U.S. stocks fell for the first time in four days as trade tensions resurfaced amid mixed earnings reports. Oil and metals rallied, while Treasuries slipped. The S&P 500 Index dropped as Chinese regulators ratcheted up their scrutiny of a Qualcomm Inc. acquisition, increasing....
Bloomberg “Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices.” U.S. President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi....
Bloomberg “U.S. Softens Stance on Rusal Sanctions; Aluminum Plunges.” The U.S. softened its position on sanctions against Russian metals giant United Co. Rusal, sparking a record plunge in aluminum prices. For the first time, the U.S. Treasury discussed a path for lifting the sanctions on Rusal, saying it would provide relief if Oleg Deripaska relinquished....
Bloomberg “U.S. Growth Cools to 2.3% While Compensation Costs Accelerate.” U.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market. Gross domestic product, the value of all goods and services....
Bloomberg “Trump’s Tariff Relief Comes Down to the Wire Ahead of May 1 Deadline.” President Donald Trump hasn’t decided whether to extend allied nations relief from U.S. steel and aluminum tariffs, even though temporary exemptions are set to expire in less than 24 hours. “The president has not made any decision yet,” Treasury Secretary Steven....
Bloomberg “Argentina Raises Key Rate to 40% to Prop Up the Peso.” Argentina raised its key interest rate for a third time in a week, stepping up the fight against a selloff in its currency, after the peso posted its worst drop in more than two years on Thursday. Policymakers raised the rate by 675....
Bloomberg “Oil Faces a Month of Mayhem as Geopolitical Risks Proliferate.” Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks — the coming weeks bring an abundance of risks for the oil market. The geopolitical premium has already helped lift crude prices to a....