Three Major Questions Facing the ‘Beautiful’ Bond Market
The usual relationship between stocks and bonds—bonds go up when stocks go down—broke down this week amid tariff uncertainty, leaving some investors wondering what caused the tumult.
Trump tariff pause does not change fundamentals for a Fed that sees risks ahead
President Donald Trump's pause on some announced import taxes may have eased the stress building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.S. economic outlook with rising recession risks and potentially rising inflation. Major tariffs on China, Mexico and Canada remain in place, accounting for the bulk of U.S. imports, and the public, investors and the U.S. Federal Reserve now have three more months of uncertainty around where a disruptive debate will settle. With the stage set for a downturn in confidence that Fed officials already worry is sidelining spending and investment, policymakers this week said they continued to view the tariffs as a blow to economic growth that also raised the risk of higher inflation and leaves monetary policy at a difficult crossroads.
Bitcoin Tumbles Below $80K Alongside 5% Plunge in Nasdaq as China Tariff Tiff Escalates
Amid the carnage, gold continued to be well-bid, surging to another record high.
Fed should lead in financial technology space, Harker says
Philadelphia Federal Reserve President Patrick Harker did not comment on the outlook for the economy or monetary policy in prepared remarks for a speech to a financial technology innovation conference on Thursday. Harker instead argued that "given the Federal Reserve System's preeminence in matters of financial stability and security, it is a no-brainer that we should seek to become not just thought leaders but thought-and-practice leaders" in the financial technology space.
Google slashes business software prices for US federal agencies
The move comes amid U.S. President Donald Trump's drive to minimize federal spending through billionaire ally Elon Musk's DOGE government reform team, which is working to cancel contracts and shrink agencies. The 71% discount as part of an agreement with the U.S. General Services Administration (GSA) could generate up to $2 billion in cost savings for federal agencies if there is government-wide adoption, Google said on Thursday.
Watch These QQQ Price Levels as Nasdaq 100 ETF Slides After Yesterday's Rally
The Invesco QQQ Trust tumbled Thursday after surging 12% yesterday following President Trump's announcement of a 90-day pause on many tariffs. Monitor these crucial chart levels.
New York attorney general urges Congress to bolster crypto regulations
New York Attorney General Letitia James urged lawmakers on Thursday to pass legislation to create a federal regulatory framework for cryptocurrencies, arguing that digital asset investors urgently need stronger protections. In a letter to top congressional leadership, including Senate Majority Leader John Thune and U.S. House Speaker Mike Johnson, James said that lawmakers should require crypto companies to register with a federal regulatory agency and set minimum listing standards for crypto tokens.
‘Bond King’ Bill Gross warns Gen Z and millennials will be the biggest losers from tariff-fueled market swings that rely on whether Trump ‘had a good night’s sleep’
The president pressed pause on some tariffs, but after a relief-fueled rally, stocks retreated less than 24 hours later and fears of inflation and a potential recession still swirl.
WeightWatchers Stock Pauses After Tumbling on Report of Looming Bankruptcy
Shares of WW International, better known as WeightWatchers, rebounded slightly after plummeting yesterday on a report that the company is preparing to file for bankruptcy.
Inflation cools as tariffs pose risk of stoking price pressures
Several private- and public-sector economists have warned that tariffs recently enacted by the Trump administration risk boosting inflation and slowing economic growth.